I don’t see how any government… or ALL governments for that matter… could outlaw Bitcoin.  It is peer-to-peer users worldwide.  Making it ‘illegal’ would just make the huge black market expand even more.  No government could stop me from trading my bits privately with someone who wants to give me gold… or food… or any other personal property.   It is the ultimate private barter.  All governments can do is regulate the ‘exchanges’ where they get the local currency exchanged.

governments absolutely cannot allow competition in their game. cryptocurrencies are approaching the target area. I’m guessing government bimbos are waiting to see if cryptocurrencies are going to crash or survive. if they survive , the bimbos will have no choice but to issue their own and outlaw other cryptocurrencies. the next step is a consumption tax and cash and other cryptocurrencies will be outlawed. i’m guessing at this point that the hackers enter the game and mass chaos explodes.

anyone that understands cryptocurrencies please step in an offer an opinion.

rno

Ever since the 2008 meltdown, and Bernie Madoff, it’s a whole new world. Trust is very important for the system to work right. Its no different than a football or baseball game. There are RULES.

You can’t have half the system doing things right, being honest and trustworthy, and the other half cheating lying bribes kickbacks and stealing etc.  It has to be all one way or all the other way.

I think this crackdown on corruption started after 2008 and its the new future. Originally I thought it would be only in the USA, but now I’m thinking its a new global trend. I don’t know if anyone remembers, but soon after Bernie Madoff I warned everybody with a new slogan….

“If you were getting away with doing something wrong, you had better stop before you get caught” Mr. Copper circa 2009.

Now we’ll see if Trump goes Nyaa Nyaa Nyaa! 🙂

Germanlong

In Shocking Purge, Saudi King Arrests Billionaire Prince Bin Talal, Dozens Of Others In Cabinet Crackdown

In a shocking development, Saudi press Al Mayadeen reported late on Saturday that prominent billionaire, member of the royal Saudi family, and one of the biggest shareholders of Citi, News Corp. and Twitter – not to mention frequent CNBC guest – Al-Waleed bin Talal, along with ten senior princes, and some 38 ministers, has been arrested for corruption and money laundering charges on orders from the new anti-corruption committee headed by Crown Prince Mohammed bin Salman, while Royal princes’ private planes have been grounded.

Among those fired and/or arrested are the head of National Royal Guards, Miteb Bin Abdullah, the Minister of Economy and Planning, Adel Fakeih, and Admiral Abdullah bin Sultan bin Mohammed Al-Sultan, the Commander of the Saudi Naval Forces.

http://www.zerohedge.com/news/2017-11-04/shocking-purge-saudi-king-arrests-billionaire-prince-bin-talal-others-anti-money-lau

Thanks for all the charts and discussion.

That’s all we can do these days is speculate.

Yes, according to the rule “buy @support” this should be the time to buy. POG in Euros and in USD both above support.

And the miners “should” follow.

So, I have been looking at longer term charts of miners, esp. this speculative shit, er… explorers and so on. Very interesting. Many of them sharing characteristics with this example:

• has been cheaper than current price (indicated by red line) only for short periods since the 2000/2001 gold bull started
• compared to earlier periods, incredible trading volume in or since 2016
• some are even closer to their lowest lows than the one above, so either less risky or… closer to bankruptcy?
• many of those would be 5- to 10-baggers even before they reach their ATH

Sounds like the best risk-reward-ratio since year 2002 to me. I am even contemplating to sell some physical (Basis: Euros) to buy lottery tickets. Either 1) on breakout above upper resistance, or 2) put in some stink bids, or 3) buy outright.

Some charts look definitely more sexy than the example above…

Edit: I see it like @Farmboy. Buy and hold has not been the right strategy. As the above chart clearly demonstrates. (Exception: Royalty Companies, RGLD, FNV…).

My appetite for risk is rising. Risk management should be mandatory.

Edit #2: to tell the truth, I still own many different lottery tickets down 50 to 99%. And sold too much of SEA.TO (Seabridge) during its first meteoric rise from .40 to 3.50 in 2002/2003, only to see it go to 40 later but owning only a few.

********************************

Schön von Ihnen zu hören, Herr Landwirth. Die Schweiz ist herrlich, besonders die Berge. Waren Sie schon dort? Ich lebe in Deutschlands ältester Stadt. Karl Marx ist hier geboren 😉

You can explore it (in English) here: tinyurl.com/ybssxcg8

(this gate was built by the romans… around 2000 yrs ago)

One thing for sure is that it’s on an unsustainable trajectory, something is going to have to give. So I think it’s the dollar. I think Bitcoin is going to undermine the world’s currency. Quicksand conditions. Let’s be serious. Which will collapse first, the Dollar or Bitcoin?

This is my first options. What is the strategy when closer to expiration? What is the latest to hold them?

As always, thank you for your input. I am with you, small scale. Tiny bit of Dec 8 16.50 and Jan @ 17, and a bit more Jan @ 18 and 19. May add a bit more Jan @ 17 next week, or even some Feb or March 17 or 18

your chart–not with the “bubble in everything” going on currently–and industrial metals have been strong, too–and Bitcoin at $7000–maybe gold will be held down by the “bad guys”…but I cannot see much downside for G&S. …but anything is possible!

mein Familienname ist Landwirth. Mein Großvater kam 1883 aus der Winterthurer Schweiz nach Amerika. Wo wohnst du in Deutschland?

in any financial market–so I want some skin in the game–especially now. I bought the $16 call but the $17 call at $18 bucks may be better for most traders-It keeps the absolute risk way down…and I am always thinking of catching a big move–if that happens then the $17 call would be fine–u can buy 250 of those calls for the price I paid for my 100 calls–so if we caught a big move u’d do quite well.

And, no, I will not be indemnifying anyone for their losses…[guffaw!]

…and noted the post about AntiFa’s tax declarations.

Unfortunately , self made men such as Henry Ford , hoped to gift a philanthropic foundation at their death . These foundations , such as the Ford Foundation have often been commandeered by leftists and turned into organizations which would have the founders of the trusts spinning in their graves .

The companies which still may carry the names of the founders ( in this case Ford and, likely Kellogg ) have no direct control of the Foundations called by the same name . I cannot remember the name of the institution right now , but recall reading several years ago about a foundation which today is promoting a philosophy 180 degrees from the intent of the benefactor . It demonstrates just how restrictive the wording of such a bequest has to be if the intent is to remain and follow the true wishes of the deceased .

The beatdown in silver friday was pretty severe, as in straight down. Silver and gold showing some strength, imho, of late, seems to want to break upwards in spite of the bankster bash. Monday, could see another attempt at beating prices downward, but think by weeks end we will be showing green. I agree with Sir Richard that the trade is low risk, and could be an explosion upwards. Whole lot of shite that could make the news headlines supporting a blast up. And as Richard points out, we have ten weeks to catch a wave.

Keep in mind, that my mind set is one of a Gunslinger. The Buy and Hold just was not working for me. My Mission Statement would rezad a little like this: I dont care if PM’s go up or down, my job is to make a profit. And something else I have observed, and profited from , anytime PM’s go up three days in a row, there is a 90% chance the boyz are about to knock that rally down. A good time to take out some puts.

So please note Farmboy has gone off the Buy & hold reservation and gone Merc & Lurk. It may not work, but I had to try another approach. Still own a ‘core position’ of PM stocks, even added some more MUX at 1.92 on friday, but getting more aggressive with other trading options. Wish you luck with all your trades, Best Farmboy

Ps) If we lose on the SLV, I think we should send a bill of our loses to Richard. LOL !

Do you agree with Richard that it is a good time to buy more Jan. SLV options? (No offense, Richard, just getting a second opinion, Doctor!)

From our friends at CNBS. If I had a nickel for every time someone said Gold was going up or down, I would be sitting out on the waves fishing. FWIW. Does seem Silver is trying to close the Gold/Silver Ratio Gap though.

https://www.cnbc.com/2017/11/03/four-reasons-why-the-gold-rally-is-cooling-off.html

Don’t forget India and its government’s push towards a cashless system. You are operating on a false assumption – the assumption that the way things are now and the social mindset surrounding them will always be the same. Public mindsets change quickly with crisis. Initiate a crisis in the dollar, for example, by destroying its reserve status, and you have suddenly added quite a lot of inspiration for the American public to adopt a new system. Perhaps even a cashless one.

Never make the argument that a specific economic shift of one kind or another is not possible or unlikely. Yes, it may take “years”, but not as long as the naysayers believe in the event of a fiscal catastrophe. Consider that precious metals were the defacto currency system for thousands of years, and tied to paper currencies for decades. Yet, in relatively short span of time during and after WWII and the Depression, gold was buried and fiat became the ruler of the monetary world.  

Amazon CEO Jeff Bezos is officially the world’s richest person, but much of his obscene wealth — now standing at nearly $95 billion dollars according to the Bloomberg Billionaires Index — is tied up in his company’s stock. That means that, every once in a while, Bezos converts that stock to cash, noting the amount in a Form 4 filing with the US Securities and Exchange Commission.

https://www.theverge.com/2017/11/3/16604990/amazon-ceo-jeff-bezos-stock-sale-1-billion

Since Maya likes to sleep in on Saturdays, I found the perfect coffee pot for him. It has a built in timer on it. Set of course to New York time. 🙂

Daylight Savings time ends.  Y’all get another hour of sleep.  Hawaii stays on standard time year ’round.  But when we have to deal with the mainland, it plays havoc with schedules.  Years ago I worked at a TV station that was ‘cherry picking’ Major League baseball games from some teams that would allow us the broadcast for free.  We got to pick which games we would air before the season started.  Now MLB had a carriage contract with Hughes Satellite services, so they had to provide satellite service to us for free.  But we had to have the exact games, dates, and TIMES we wanted the satellite service.   To complicate matters, not all of Hughes fleet of satellites had a signal footprint in Hawaii.  So we had to choose carefully… in advance.

So I had to deal with a self-centered A## at the Hughes scheduling desk in NYC.   All he would ever say was  “New York Time”.  His entire operation revolved around “New York Time”.  He dealt with feeds across six time zones, and the schedule crossed daylight savings time during the season.   No matter.  All he dealt with was “New York Time”.   All us beggars for satellite service had to do our own time conversions to tell HIM when we wanted a satellite in “New York Time”.  So one  fall schedule I missed the time change on the schedule, and the day before the game I realized this.  I called Hughes and rather than be cooperative for a MLB customer he read me the riot act about “New York Time” and no, he couldn’t change the satellite schedule now.   But if I really, really needed to receive the game, they would carve me a hole in their satellite schedule for a mere $1500 to carry the game.

I know New Yorkers are famously rude, but this Pr!#% took the cake.   Gimme “New York Time”….    or pay.