Quote from: boumalo on September 22, 2014, 10:12:51 PM

Quote from: cypherdoc on March 13, 2012, 09:22:01 PM

Quote from: labestiol on March 13, 2012, 08:39:14 PM

Do you have any target on gold/silver cypherdoc ?
I have to admit that i didn't believe you back in July, even if a correction clearly made sense.
Now the real question is where the bottom will be... We're not there yet, i do think PM will go down with stocks, and the correction in stocks should happen (soon ?).

Gaud, the last thing i want to do is create another massive thread like the "Gold-I smell a trap" one over in Economics that went on for 5 months. it was just too much work. most ppl here into gold/silver won't like what i have to say so don't bother reading further.

my views haven't changed. i think gold/silver is a relic of the past and Bitcoin will assume its place as a new standard. i think gold drops to $400. i think that we are about to embark on a massive debt deleveraging phase which will be deflationary and take stocks down with it to test the March 09 lows at least. we may drift a few more days higher in the Dow before it rolls over. i see divergences everywhere but especially with the Transports, Russell, and ALL commodities like oil, natural gas, wheat, corn, rice, soybeans, copper and gold/silver. the silver chart especially is busted. the general mining stocks are telegraphing hard times ahead like FCX, TCK, BHP. the junior miners have been devastated as in GDXJ. GDX is following it down.

there's a good chance Wall St and the Fed are desperately trying to manipulate the Dow higher to get retail investors back in but don't buy it. once we roll they will sell/short you into oblivion. the Vix did an underthrow today once again to try and create complacency.

i'm going to try and not say much more as i could be wrong and i know the gold bugs are going to start swarming with the hate.

Gold has ~~qualities~~ bugs that Bitcoin doesn't have and Gold has been a store of value ~~and exchange~~ for thousands of years and used to be used for exchange; it will still be the case for the foreseeable future or should I say for "a considerable time" to talk like Yellen

The FED is still buying up assets and its balance sheet is still growing; we are yet to see what would happened if it was trying to reduce it!

FTFY

(read the last few hundred pages of this thread for details)