Author: gsbtc

Low Sentiment, Record Sales: The Paradox of AG

Sentiment has not been so low in silver since the beginning of the bull market ten years ago.

So, is now an excellent time to buy? Read More

The Disintermediation of Society

Human action is comprised of cost-benefit analysis, and although at first it might be extremely difficult to determine what the true cost-benefit of a certain action is, oftentimes it becomes clearer over time. Read More

Why The NSA Needs Bitcoin

State surveillance has been going on for more than 150 years. However, eavesdropping – that is, in the sense of listening in on someone’s conversation – is a certainly ancient practice indeed. Read More

2013 Market Crash, Gold & Silver

With lofty sentiment spreading from Japan to Europe to US markets, it is no wonder wiretapping and armed conflict in Syria have caught the attention of media.

But, it can all really only mean one thing: we’re nearing a top in the stock market. Many indicators, above and beyond the run-of-the-mill ones, show us this. Read More

The 21st Century Digital Currency Arm’s Race: America’s Only Hope?

The 21st Century Digital Currency Arm’s Race: America’s Only Hope?

So, let’s be clear: 56.7577° N, 86.4196° W and 40.4230° N, 98.7372° W. In the former geographical coordinates, Bitcoin is free of banking regulation. However, in the latter, Bitcoin is not free from banking regulation.

The case grows increasingly murky in 32.9043° N, 110.4677° E, otherwise known as China. Perhaps the geographical coordinates of 35.1234° S, 71.5720° W – that is Chile – will keep with their recent history of laissez-faire economic policies and be kind to Bitcoin.

Or maybe one with bitcoins would be best off at 18.1667° S, 178.4500° E, far away from civilization in Fiji. Read More

Bilderberg 2013: Where The Cutting Edges of Internet Technology, Bitcoin & The Old Guard Meet

[heading]Bilderberg 2013: Where The Cutting Edges of Internet Technology, Bitcoin & The Old Guard Meet[/heading]

Do the rich billionaires at Bilderberg gather ’round for golf and appetizers or do they sit in conference rooms plotting the future? That seems to be the crux of the Bilderberg debate. Read More

FederalReserve.Gov?

Most Americans go through their lives thinking the Federal Reserve is just yet another governmental institution, no more interesting than the DMV or Post Office. Read More

If Bilderberg Controls The World, Then THIS Is What Will Be On Their Agenda

Bilderberg’s esoteric deal-makings have put them at the center of the debate about who, what, where, when and why in the New World Order. Since their first meeting in the Netherlands in 1954, their storied history has evolved to become a popular meme in Internet circles. Read More

6/2/12 Bitcoin Flash Crash A Whisper Time

And then there was $130, for a short time. With Bitcoin heading to $136 recently, the early morning hours of Sunday saw what could be considered a flash crash of sorts. Read More

Rebuilding The Case For Silver

Silver got to $50. So what?

I wrote after the price collapse on MayDay 2011 an article I entitled “The Sorrow of the 49er.” It looked into those who had come into the silver story, as we all know now, late. The price tumbled, and many middle classers were left underwater.

Oftentimes, these individuals never had a chance to consult anyone other than a shop owner, who had no problem moving product. Read More

Crisis Time? Dollars’ Worst Drop In Nearly 2 Years

The conversation is swelling across the globe: once again, it’s crisis time.

The dollar is suffering its biggest 2-day drop in 19 months. But, Reuters says it’s cool, uptrend intact.

State-controlled Press TV, on the other hand, says the dollar is over.

Japan, the dollar, Syria, Russia…

…Peace in Baghdad, Afghanistan, Lybia?

…We know Japan’s bond market is doing poorly, but how about the radiation. They cool with that?

CNN reports this morning that despite Japan’s jitters, US stocks have not been shaken. No word on Fukushima.

But, the US dollar and precious metals prices certainly have been shaken.  Bitcoin is right there alongside precious metals, although it seemed a little bit more clever to the panic, sliding upwards over the previous three sessions.

Gold shorts are essentially at the same peak low as in 2009, before gold ran from $900-$1920 scantily pausing for a break. From $1300? One could easily suspect that $1,600 is right around the corner.

$46 silver doesn’t seem that unlikely should go do that.

Check out the gold shorts, denoted by the green line for this exercise:

Timeframe: 5 minute | hourly | daily | weekly

Off 10% from its peak, Japan’s Nikkei has not proven sustainable. Thirty years into a depression, Japan has lived up to its expectations, which have been low.

On this day, despite a yawn from the US stock market, precious metals and the US dollar told the story.

From state-controlled media such as Reuters to Press TV, two very different pictures of the future of the dollar were outlined. Press TV foresaw the end of the dollar.

In the former, Reuters contended that, despite the drop in the USD index of about 2%, the USD uptrend remained intact.

The dollar was down across all indexes, for people are extricating themselves of “positions across the board.” Investors are getting out of the USD; they are getting out of the stock market; they are getting out fiat currencies in general.

And, if you believe at all in supply-and-demand, the action of gold silver, platinum and palladium over the past decade – and by doing so, you’re really just looking at the action of humans – you’ll see that there is buying support.

Bitcoin, since 2009, has been even more dramatic. There is no doubt that, if the protocol and its protections prove invincible, then demand will be stalwart.

Even though short positions in yen increasing, and dollar longs also increasing, the dollar could not find its footing.

The dollar lost 1.3 percent against the yen to trade at 101.08 yen. Against the Swiss franc, the dollar slid 1.5 percent to 0.9619 franc.

Even through a picket fence, one can see the other side. And from behind the blinder of economy, we peer through and see what’s there: gold, silver and bitcoin.

The pops today in gold and silver were familiar. It was the sort of evening and morning which younger gold and silver bugs used to stay up all night/wake up early for. This pop of last night and today carried an excitement reserved as of late for Bitcoiners.

The inverse story of today is also familiar: one in which the US Dollar has traded down. This is the true root of the rise in the metals on this day. The dollar will trade up again, but over time as minds are released from the play of domination and subjugation, the USD will serve no purpose, and never trade again.

And then, things will be different.

 

US Media Blackout of Canadian FinTrac Ruling

Last week the Bitcoin world was surprised to learn that Canada’s FinTrac would not hold Bitcoin exchanges to the strict Anti-Money Laundering and Know Your Customer regulations of the financial industry. Read More

JP Morgan Rollbacks Metals Forecast

This just in.

Analysts at JP Morgan on Cazenove on Tuesday revised down the price forecasts for most metals, including cutting the outlook for gold in 2013 to $1,595 an ounce from $1,745 previously expected.

They didn’t note what could possibly be undermining a logical metals reaction to incessant quantitative easing. Read More

Liberty Reserve Shut Down By US, Spanish Authorities & Owners Arrested

On the day after Memorial Day, US authorities indicated that they had shut down a Costa-Rica based money transfer company Liberty Reserve which they claimed aided cyber criminals the world over launder $6 billion in illicit funds using a digital currency that was not Bitcoin. Read More

Chinese, European Union Solar Panel Talks Break Down, Silver Still Slumping

European Union and Chinese trade negotiations fell throw on Monday. China called upon the European Union to cease the imposition of tariffs on solar panels, and the European trade comissioner complained that China was forcing individual countries to ensure that no consensus was reached. Read More