• Same story, different day...........year ie more of the same fiat floods the world
  • There are no markets
  • "Spreading the ideas of freedom loving people on matters regarding high finance, politics, constructionist Constitution, and mental masturbation of all types"

Charts from the Lunatic Fringe.

solarion

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OK... thanks. Obvious to you maybe but I've not looked that far into it to be sure of these things.
I don't mean to seem insulting, it's just these same conversations have been hashed and rehashed. I did post a link and even took the time to add up all the bitcoin addresses with the largest balances until I got to just under 96%, but I was then told that the link didn't work even though I've no difficulty with it then or now.
 

louky

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What conversations? There's been none here to my knowledge.

Did you cover the fact that 1,000 people own 40% of bitcoin?
 

solarion

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What conversations? There's been none here to my knowledge.
"Here"? ...meaning this thread or GIM2? Are you requesting assistance with using google? ...GIM2's search functions?
Did you cover the fact that 1,000 people own 40% of bitcoin?
Did I "cover" it? No, I "covered" what was posted. I'm a private individual...not associated press. This was posted and I offered guidance:
I keep hearing 96% of all bitcoin is owned by just 4% of bitcoin investors
If fans of collectivist policies are displeased with their perceived "distribution of bitcoin wealth" then they should just avoid bitcoin.
 

Goldhedge

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Goldhedge

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After two weeks of strong selloffs, has gold bottomed leading into today's Fed rate hike announcement?

11:38 AM

With the mania of Bitcoin taking the spotlight, even so much so that CNBC has virtually dedicated the entire week to talking about the cryptocurrency, gold appears to have been relegated to the back shelf, seeing a series of selloffs and dumps that has taken it below its 200 day moving average.

But with the past couple of days having gold hold onto a tight range between $1238 and $1247, has the precious metal price bottomed out as the world awaits Janet Yellen's swan song call of a new interest rate hike?



Chart courtesy of Silver Doctors

We may well have just seen the bottom in gold and silver yesterday:

That is not to say we can’t take another trip down, and the move faded overnight.

The significance of today cannot be understated.

Today is December FOMC day. In 2015, silver bottomed two days before this day, and in 2016, silver bottomed six days after.​

In other words, we either saw the bottom yesterday, or we are very near the bottom right now. – Silver Doctors

Perhaps in about 20 minutes we will find out the answer to this question
 

Zed

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Cot report was impressive today. Another huge turnaround with specs going short and commercials becoming less so. Definitely has the look of a possible spec short squeeze forming with potential upside to PMs.
It's due, over due even... on the charts and seasonally speaking. So yeah... but, you know, when I see it, weary and all that!
 

perry

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BTC will make the Winklevoss twins extremely wealthy if this thing can't be regulated other than paying capital tax gains. Can they be the first trillionaires? Right now they are single digit or double digit billionaires and I bet they won't document it.
 

stonedywankanobe

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Hey Lou I'm working up a chart on how bad the Razorbacks are going to wreck Kentucky on the hardwood this year. Bake it!
 

Zed

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Aussie gold stock portfolio having a good day. +3% with ~ 2 hours to trade. Santa rally is here....
 

louky

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Gold/GDX didn't hit the suggested upside levels a few weeks ago, so hopefully not the down side either, but just sayin'