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klogger

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About klogger

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    Centurion
  1. You may be interested in this article that was posted on HPC in the The Bubbly Bitcoin Thread by Eddie_George on page 233. It discusses the Lightening Network that is working to increase throughput to millions of transactions per second. If they are successful then it looks like Bitcoin could successfully act as a means of exchange, whether or not people will want to use it for that is another question, but the capability should be there.
  2. klogger

    GOLD

    An interesting idea that certainly sounds plausable. I do however wonder: if evidence of such organised activity really exists? The Zionists, Jesuits and Rothchilds are easy tags to put on such a nefarious schemes. But trying to work out if they really exist in such an organised fashion is neigh-on impossible; Aren't the Chinese encouraging their population to hold the gold independently of the state by introducing vending machines selling bars? That would seem to be in conflict of a Rothchild controlled state trying to corner the PM markets.Why encourage the population and open their eyes to the importance of gold as a monetary system if you really want to take it away from them. The Indians are also well known for holding PM's due to their understandable distrust of their political elites. I could see such a scheme taking many, many decades to come to fruition; A large part of the world is already in the thrall of debt-based money and I expect that relitivly few people would understand the nature of PM's as a monetary asset. Are the numbers of people that do understand not so small as to not be worth the Rothchild's time? It seems to me they have already won the battle in the western world! If they are successful in cornering the market, won't people just switch to another substitute such as platinum, copper or BitCoin? How much can the elites gain from removing G+S from the radar?
  3. klogger

    SILVER

    Fantastic and educational. He had a great sense of humor about it, had to admire him. A good post for these tumbleweed days.
  4. klogger

    SILVER

    Good question. Especially for the amateurs like myself! I also missed the top and wished that I had paid more attention to Dr. Bubbs warning at the time. I seem to remember that that peak came at 50% above the long term average. I was hoping for the same again and that would be my sell point. To far above the long term average should indicate a good profit point even if that isn't the top. In May 2011 I extended the long term trend line till the end of 2014. I came up with the following figures: Currency Highest price Long term average price Increase (%) Projected price 2014 Projected peak 2014 Jan 2014 Dec 2014 Jan 2014 Dec 2014 GBP 30.00 13.57 121 26.79 31.00 59.20 68.51 USD 49.60 22.64 119 37.88 43.41 82.85 95.06 Column explanation * The Highest price is the highest price reached at the peak date of 25/04/2011; * The Long term average price is the lower trend line price on the same day as the given highest price; * The Increase is the % difference between the Highest price and the Long term average price; * The Projected price 2014 is the projected long term average price based on the lower long term trend line; * The Projected peak 2014 is the Projected price 2014 multiplied by the % Increase. Obviously the dates were well off and although I haven't recalculated I am still hoping that the numbers are roughly right. I seem to remember that they coincided with various other 'experts' at the time.
  5. klogger

    GOLD

    Zero Hedge
  6. klogger

    GOLD

    Does this signal a period of wait-and-see for you or do you remain mostly bullish with a little caution thrown in at the moment? The minor channel looks like it could drop to about 1200 within a couple of months.
  7. klogger

    GOLD

    I found this article interestng as I have been using the silver COT data to hold off buying while many of the mainstream silver commentators are turning bullish: It does sound like they have been understating their short position though, so maybe I will get lucky in the end.
  8. klogger

    GOLD

    Does that mean that you are expecting an upturn over the next few months and than the possible drop to a final low?
  9. klogger

    GOLD

    Thanks for the video, I appreciate the opinions of non-perma-bulls with vastly more experience than me. I am still sitting on the sidelines hopeing that the bottom isn't quite in yet - but I am nervous that I have missed another reasonable profit oppertunity! There is a lot of bullish commentary around but this chart has me wondering: There is still a lack of bullishness from the commercials who, if I understand it correctly, are most often on the correct side of the trade.
  10. klogger

    GOLD

    Thanks DrBubb, I did start reading a bit about Elliot Wave Theory a while ago but I never did spend enougth time wth it to get a grip on it.
  11. klogger

    GOLD

    I agree that the KWN crowd are almost all permabulls and that is the reason I stopped listening to them. Has that chart not reached a temporary peak? There would seem to be resistance at 4.4-ish and the bollinger-band is also constraining any further upside in the short term. I would therefore anticipate a drop from here. I did miss the peak at £1900 though and just held. I wish I had listened to your warning then but ... live and learn - at least I should be able to recognise the next big peak and act accordingly.
  12. klogger

    SILVER

    It looks to me like it is all forming a nice base. With the news on potential interest rate rises and people getting more and more stretched I am hoping that the support will hold. This is a chart that I have been watching for many months now while waiting for an entry-point. The green circle highlights a fib-fan (green line) which seems to be support and the fib-retrace (red line) is almost there. I am expecting another down for silver to about £10.75 (chart is priced in GBP). Volume seems to have been declining since May 2011although I have heard the NetDania volume is a little unreliable.
  13. klogger

    SILVER

    That would make it like a scene from the Rocky films. Silver getting well and truely hammered against the ropes before hope sparks back into life and it begins to land a few punches on fiat. The current 2.5 year correction has been long enough for me, a symetrical H&S now would mean a drop to $8 over the next 2 years before a turn wouldn't it? and if that is corrent, is it possible to tell that an H&S is aborting?
  14. klogger

    SILVER

    Oops - I ran that chart in GBP so I think it will hit £11 or $18 (again) before taking off. Mistakes like that are why my avatar is so depressed!
  15. klogger

    SILVER

    I am still bearish based on the silver weekly chart and the long term trend which is currently downwards: Red lines are fib retraces; Green lines are fib fans; Purple line is 10 week MA. Silver is right on all of these and I think they will push the price down to $11 before we see the next up-leg in silver. I think we will hit $11 by February-March 2014 - depressing though that is.
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