Bitcoin is rallying similar to how gold and silver did before they again moved down to lower lows. All "private assets" will continue to make lower highs and lower lows until the turn in the ECM on 2015.75. The prior bounce in Bitcoin was to $666. It won't make it that high this time before turning down again to make lower lows and eventually bottom at or below $200. These are sucker's rallies for those who don't understand the trend in place until 2015.75.
Maybe, but check out the current premium on gold that you can hold (and silver too).
Your forecast could well be right, but trading in this environment is crazy (for who's not a cabal insider), so imho better sit tight and be right holding to quality, PM and BTC included.
Sorry but I have to tell you that you are delusional. There is no cabal that has the entire game rigged where analysis no longer works. Read Armstrong so you stop losing your shirt and learn how the trends of international capital flows work. He apparently read my recent summaries of his writing and realized that he doesn't summarize his model well for novices, because he wrote this today:
http://armstrongeconomics.com/2014/11/14/the-future-explained-what-is-unfolding-the-connections-in-the-global-economy/Also see what I wrote before about the elite don't control everything:
Armstrong correctly explains that the
elite are not suppressing the precious metals. I had
posted upthread a long explanation that the elite are not powerful enough to control the chaos in nature, rather what they do is to align themselves with creative destruction and experiment to find ways to achieve their goals of more globalized economies-of-scale for their multi-national corporations and political capture.
Armstrong is correct about the money center banks being very short-term fraud oriented. The elite who sit above the money center banks (Armstrong doesn't agree) could not further their aims for creative destruction symbiosis by trying to entirely suppress the precious metal prices. Fiat and futures markets on precious metals have sustained because the broad populace doesn't then want to use physical metal, but that is not really a manipulation rather it is what society has chosen.
The way the elite plan to obtain their goals for a global fiat is by pumping the world full of debt as they have done and then IMF will rush in with a new monetary system solution after 2024. The chaos from 2016 to 2024 will burn the confidence in the nation-states to the ground. This I argue was by-design of the long-term thinking elite such as Rothschild et al. They have aligned themselves with this natural cycle of chaos and the
natural tendency of society towards socialism failure and debt.
Armstrong has apparently unlocked the math of the natural cycles. Apparently Pi is the basis.
There is no great premium on bullion if you know where to buy. I was buying 1000oz bars near to spot when silver was $9 and minting generic 1oz rounds (which were in short supply at that time):
http://www.fidelitrade.com/home/products-pricesThe following company can help you facilitate delivery from Fidelitrade (even if you are not located in the USA):
http://www.fsdepository.com/Vault/Be very careful with gold dealers and never send them too large of a trade:
http://www.coinweek.com/bullion-report/tulving-company-collapse/http://web.archive.org/web/20140106153016/http://tulving.com/You should be accumulating some bullion but it should not be more than about 10% of your net worth. As Armstrong says, even bullion won't help you if we go into a severe Mad Max scenario then ONLY food becomes money. Unless you are short-term trader (buying the dips and selling the rallies), the bulk of your money between now and 2015.75 (assuming you don't have another investment) should be invested in the DJIA or S&P500 (perhaps waiting for a near-term correction first), because other private assets are trending to lower highs and lower lows until then. For those who are too heavily invested in bullion or Bitcoin, sell the rallies to lighten up and move the proceeds into the USA stock market until 2015.75.
As for crypto-currency, sell Bitcoin into rallies and buy it again on extreme dips, wash and repeat until 2015.75.
Also keep your eye out for a crypto-currency that changes every thing and challenges Bitcoin in terms of being actually widely mined and widely used by regular folks. If you see such a crypto-currency buy it regardless of the trend to 2015.75, because this would be a counter-trend phenomenon if it happens.