The Lunatic Fringe - Trading talk.

[Lancers32]

The bull case will argue by the time governments get around to banning bitcoin, there will be so many stakeholders in high places that there will be disincentivize to ban it. And a few nations probably are holding reserves.
The bear case is tulips.

Long and abstract, but a very good listen deconstructing the value and risks of bitcoin.

I like the idea of a small reserve as a very portable insurance. Otherwise maybe a short term trade here or there.
Can't really envision holding a large position.

I still don't get it but I think it does better than the metals.

 

[Lancers32]

The Baloney Pony.

 

[gnome]

I still don't get it but I think it does better than the metals.

Probably. But gold will never go to zero.

 

[Lancers32]

Probably. But gold will never go to zero.

Got that right. I see a few of the Old Guard Rogers et al don't like Bitcoin. Leads me to believe we get a life changing move.

We'll never know what Buffett paid for Barrick or what he got when he sold recently but I got a laugh out of that whole thing. Bought the high sold the local low?

 

[JayDubya]

Australia actively considering WTO action against China

 

[gnome]

Buffet is toast. I won't say value investing is dead, but there are a stunning amount of value traps out there as technology is disrupting markets faster than ever.

 

[nowon]

Gold has no counterpary risk, is immune to the Carrington effect and there's gotta be some reason why the wanna be overlords have been stacking it for a long time....

https://twitter.com/i/web/status/1333130563444756489

 

[nowon]

https://twitter.com/i/web/status/1333094126628298752

 

[Lancers32]

Oh $hit.

 

[Lancers32]

ON and on and on and on...


https://news.cornell.edu/stories/2009/03/omit-needless-words-elements-style-turns-50

 

[nowon]

https://twitter.com/i/web/status/1333165500327718912

 

[nowon]

start of Comex Dec deliveries could toss this view in the garbage

Oh $hit.

 

[Lancers32]

start of Comex Dec deliveries could toss this view in the garbage

He's just looking for a low soon maybe $100 lower. I keep hearing about the delivery thing and I figure if I know it everybody knows it and it is already priced in. IF we decline this week I am anxious to see how the miners hold up. Been wacky so you never know what the shareholders will decide.

 

[nowon]

Unless deliveries surprise to the upside...if you read the election thread there is a growing chance that the election transition won't be smooth....that and risk of covid once again shutting down miners makes me think higher metal deliveries in Dec....2c

 

[Zed]

https://twitter.com/i/web/status/1333044234073612289

One of his better twats!

 

[Zed]

The bull case will argue by the time governments get around to banning bitcoin, there will be so many stakeholders in high places that there will be disincentivize to ban it. And a few nations probably are holding reserves.

Yeah... I get that one but I think the argument is on the arrogant side. Government can force a deal of some sort. They also argue that the nations that allow BTC will see capital in-flows. I'd suggest that is true if the economy has wealth that can support it, really if it is OK with a bunch of Zimbabwe's then WTF? I know you can trade out of those currencies but then the larger economies can stop or restrict that. Frankly I just don't see how a bunch of first world economies will be forced into accepting it unless they really want it. I would love to get more clarity on that front. This could be monetary heaven and it could also be a big old honey trap.

 

[Zed]

Words to live by. On the other hand there is such a thing as opportunity cost. While you get clobbered holding other assets are flying.

Holding cash is a trade, everything is a trade. I've tried to make "friends", who consider me an 'evil trader', realize that whatever they do in life they are taking a trade and speculating on a future outcome. If you don't acknowledge that much you can't take control of your real risk and in life risk control is everything.

2c

FWIW.

From a maturing oldish fart.

 

[Zed]

The Baloney Pony.

I choked @ the heavy religious opening on Bo's set. Was there anything worth while in his standup routine?

 

[Zed]

Unless deliveries surprise to the upside...if you read the election thread there is a growing chance that the election transition won't be smooth....that and risk of covid once again shutting down miners makes me think higher metal deliveries in Dec....2c

Basically it is how much is demanded against what real supply is actually left in the market. 20 to 30K contracts could be a problem after this year OR the market may not even feel it.

It all depends on the unknowable, who is short and what do they have, who is long and what do they want!

5K contracts is an issue if there isn't a real 5K contracts on the table.

100K contracts isn't a problem if the short sellers are solid gold.

So we wait and see.

I can't see that the case for gold has altered significantly so I assume tight supply.... but we c.

 

[Zed]

Oh $hit.

Gulp.

 

[Zed]

https://twitter.com/i/web/status/1333094126628298752

Full spin is imperative!

I wonder if there is some wealthy distribution going on?!

 

[Zed]

Australia actively considering WTO action against China

Hmmmmmm.... the relationship has hit a rocky patch. We aren't so good at placating bullies, it isn't in the national character.

 

[Zed]

I still don't get it but I think it does better than the metals.

It's STILL coming off a very low base so it will.

 

[Zed]

We are living through the death of old MSM. This is a part of why we are seeing what we are seeing from them. They struggle to remain relevant...

 

[nowon]

https://twitter.com/i/web/status/1333046044565901312

 

[Lancers32]

I choked @ the heavy religious opening on Bo's set. Was there anything worth while in his standup routine?

Second verse same as the first.

 

[Lancers32]

https://twitter.com/i/web/status/1333046044565901312

Don't question that guy you get blocked. If then well maybe.

 

[nowon]

Don't question that guy you get blocked. If then well maybe.

I stopped following him but the post showed up on a retweet... the graph and implications look valid imo