narco

Here's the weekly chart. Still looks bearish to me. Support at $5,100 and $1,364 which is probably where RSI will hit 30. If this is the case it will be a devastating crash and probably a multi year bear market. Not spreading FUD, just what I read from this chart.

What's your backup plan in the event of a financial deflationary collapse? Cryptos are going to be the first and fastest to crater. I would imagine many altcoins will drop 90% to 99% in value in swift order in a deflationary event. If we do get an inflationary run from here then cryptos should do pretty well.

A couple of fresh forks arriving this month. Litecoin Cash and Bitcoin Private. https://twitter.com/LitecoinFork https://twitter.com/bitcoinprivate

Yes. From a technical perspective we should get a decent bounce on all cryptos from here. Ripple specifically looks ready to pop. Litecoin has a nice setup.

Bitcoin dominance has crashed along with the 70% price haircut it already has. Crypto is a single market where all coins rises and fall together. Why would anyone want to buy a $10k coin when they can buy an identical one for $100, $1 or $0.01 with more potential to go up? Do you see the problem here? Nobody gives a crap about actually using any of these coins as currency. It's purely a game of speculation based upon an interesting concept which is now over.

We're not getting hyperinflation anytime soon. The governments and central banks are going to get steamrolled by this. Sure, it could lead to outright monetisation and helicopters down the line but it will be by public demand. As for cryptos, these are getting hit the hardest as this unfolds. The smart money is already out.

This kind of 2013 thinking on Bitcoin doesn't cut it in 2018. Bitcoin has absolutely zero potential as a currency based on fees, speed and the triggering of taxation events. There are now limitless numbers of identical competing shitcoins hitting the market all offering something better. Technologies are always improved upon and displaced over time so we can't even expect a store of value case. Even Richard Heart (one of Bitcoin's biggest proponents has now thrown in the towel). So we can add government banning, potential exchange collapses, taxation events, forks, a billion Altcoins and the Tether black swan all to add to the list of Bitcoin investing headwinds. On top of that we have a weekly technical chart that suggests this current cycle is over just as we're heading into the greatest deflationary recession we've ever seen. Good luck with that sell target.

Well considering it's the most under valued asset on the planet the downside is probably less limited. I don't think it's a time to be buying anything, just raising cash to weather the storm.

Looks pretty significant to me. If this bar closes with a whopping bearish outside monthly bar, I think the top is in and it's not coming back. A good comparison would be silver at $50 in 2011.

I really do not understand what is going on with this VIX business. I can vaguely remember back in 2008 that the VIX was wheeled out a few times as a useful guage of fear in the market. Roll on 10 years and we've got idiots speculating on this synthetic index with leverage. Why the hell would anyone short something like this at an all time low value? Also why the hell are people buying or selling "volatility" like it's actually an asset class? Seriously, this entire system is built upon one fresh air scam after another. Crypos are pretty much just the same..

Considering Euro will most likely experience an extinction event, we should see the pound over perform against it.

So in a financial / banking crisis, which fund would be the safest choice? I'm in a similar situation with my current employer but have around 50 odd funds I can chose from. A cash fund which is loaded with deposit receipts from an array of banks is probably not a great idea in this scenario.

Probably the most undervalued physical asset on the planet. I've already backed up the truck over the last couple of years and aim to partially fund my retirement in the next 20 years or so. I was buying silver in 2007 and 2008 and didn't get a chance to offload it at the last peak.

We have to be careful of picking tops here in the greatest bubble of all time. Blow off tops will form with a whopping shooting star or bearish engulfing candle on a weekly / monthly chart. There will also probably be a few fakeouts tops on the way up. All the charts I watch are all signalling inflation at this point, potentially for another 1 - 3 years until the deflationary collapse. I don't see any near term resistance in oil, gold or silver. If gold takes out $1650, we're looking at a straight run to $4,000+ and will most likely then make a significant top. EURUSD does have massive multi-year resistance at 1.26 so something to watch out for a dollar bounce.

Just looking for some advice. I made an offer on a flat (cash buyer) as the price originally looked like a real bargain. After viewing the flat, I was made aware it was built in 2008 and is a bank reposession. I've just received a call from the estate agent advising they haven't yet sourced a copy of the lease and they believe there is no management company for the block and no details regarding ground rent etc.. The reason the estate agent called is that they believe my solicitor would not recommend a purchase due to this anomaly. I've not yet instructed a solicitor to act. This does sound a little bit dodgy and do you have any advice on how I should proceed. What are the potential implications here?

Yet another 9am NY smackdown... Show me another market that trades in this way and I'll show you a liar.

I've bought dollars today. Just a couple of thousand in notes as I'm making a couple a trips out there over the next year. Sterling looks ready to top out anytime now. We might have already seen the top at 1.64 already.

Gold has just broken out to the upside on the back of a strengthening dollar. It's also up in all currencies today. As for Sterling, gold has experienced over a £200 per ounce appreciation since I started buying in 07.

I am yes. Explain please.

Another NY morning smackdown. Maybe you should try trading that instead EDM. It's like clockwork.

So who are you anyway? You come on here mouthing off 'I Have Gone Short Gold' and cited a pile of dung as to why gold is heading south. A coherent case for investing? I posted a single quote from the former Chairman of the Federal Reserve. Go do some research on gold price manipulation. There's plenty on the subject. As for gold having no intrinsic value. Can you explain why perhaps?

It's a 'potential' inverse head and shoulders pattern. The right shoulder is in the process of forming but the neckline is pretty obvious even for the most clueless idiots. Also where on earth do you get the idea that all HnS patterns have to be trend reversals?

Was Greenspan deranged?

LOL I been away for a while to find the same drivel posted by the same old gold bashers. Gold has no intrinsic value? That's the best joke I've heard for a while. Technically the gold chart looks fantastic right now and once again the cartel have their usual NY opening attack on the price to try and keep the lid on the breakout.