Thats all we read about all week long was da big crash. That lasted all of 3 days. Next stop $2000 by Christmas.
LOL you gold bugs on a weekly timeframe. This will collapse $1.5 from here this wee and another $2 this month. Its over. The gold trade is over. Bitcoins are the new gold. Gold is a tampered manipulated scam that puts the USD even to shame.
Only bitcoin can disrupt the systems of wall street profligates and their grossly manipulated gold and fiat currency.
What will 2014 hold? Same formula.
Really have not thought about it. My gains in bitcoin this year have brought me everything i would have gotten with a phd and working 20 years. Sucker.
Honestly that thing seems too strong. A Chinese bank ban really couldnt get it to sell off as its near $1000 still. Im not so sure an outright US ban would do much to the price. Trying to chart Bitcoin like a stock, gold or currency really might not work. Sure the chart looks like an exponential bubble chart poised to crash but the problem is there is no way to short it or really manipulate it. A single Bitcoin etf alone could easily spike Bitcoin 100% because there is so little money ($6B) making up Bitcoin so far. Lastly, not many people even know what Bitcoin is. Its not even a recognized word in tge dictionaries yet. I might buy a few with the knowledge it might go to zero but would it surprise anyone to see $10,000 in 2014?
News was filled with bitcoin crash stories over the weekend. This message board was filled with myopic idiots saying it was "all over". What happened? Wrong again? Will they be brutally embarrassed again on the next bitcoin spike wirse than they were when they were crying "bubble" @ $200??
So stupid. An inherently inflationary (cost to store and insurance) heavy, intrinsically worthless metal. This will fall straight through the floor into sub-$1000 hell over the next 3 months. Any transient spike in gold this month will have tax sellers and trapped longs licking their chops to exit. $1100 before January.
I would have to go with gold. The volatility, manipulation and dirty history put even the QE USD to shame. Few commodities are manipulated more than gold. Shocks me as to how gold has been able to stay above $850 this year. I expect a settling in at $750 in 2014.
Even the best miners operate at a break even of $1000-$1100 gold price. But, that doesnt mean miners could stay in business with gold at $1000-$1200 because that takes into consideration sales staying the same, zero mine disruptions, and input costs staying the same. Absolute zero room for error. No company esp miners who have changing costs can operate like that. They would have to start by either taking on debt or slashing the dividends. Realistically i think the first poster is correct when saying $1500 oz to stay in healthy business. They need that extra few hundred to remain viable and mildly profitable. Even then not by much. Gold under $1000 for a quarter or more is game over for all but the biggest and healthiest miners. You would see dividend cuts, massive consolidation, some bankruptcies, increased debt loads and book values plummet. I dont see GDX holding $10 in 2014. I believe the biggest fall in gold is yet to come.
That is amazing. That means they might sell close to 5M units by Christmas...and thats before the Japanese launch where its wildly popular which will add 1M units to that. Xbox One had a spectacular black friday with rumors that they might top the 2M mark sometime this week.
He better go on the offensive. Share count is 20% less and cash position 5x more yet we are trading below what we were 6 months ago. Quite frankly its a disaster. EA is even worse. That selloff is absolutely relentless.