Posts by hollowmoose21

dustyheron5 said:What’s your take—do you think central banks might actually start adding Bitcoin and other crypto to their reserves this year?
Assuming they don't just stick to gold and digital pixels... 😁

If that actually happens, I’m tossing my entire economics degree in the trash and focusing on my real job—or maybe just moving out to the sticks to grow hazelnuts. 😁
Honestly, I think the Fed and other big banks will have much bigger fires to put out this year or next. 🍿

Amanda Allen4 said:Gold and Bitcoin both hold intrinsic monetary value—and while neither functions as a traditional currency, they both serve as money that can be traded via digital transactions. Gold holds one specific advantage: if our entire communication infrastructure were to suffer a total collapse for whatever reason, gold won't simply vanish. However—and this is a massive "however"—it isn't worth much if you don't have it physically on hand at your house; if it's just sitting in some institutional vault, what good is it?

In a scenario like that, neither gold nor Bitcoin would be worth much—certainly far less than a shotgun with a full box of ammo. I certainly hope we never reach that point, though, because my gold is stored quite far from my home😁.

But here’s the kicker: unlike Bitcoin, central banks still have a massive obsession with hoarding physical gold. Even where they stash it matters to them. 😁
http://money.cnn.com/2017/08/23/inve...ris/index.html

I remember people talking about how insane the volume of put options on airlines was right before 9/11. We're talking several times higher than the usual average.
Were those terrorists actually buying them like everyone speculated back then, or was it someone else entirely? I wouldn't dare 😁

Who's trading? 😵 🤣
I mean, he could actually pull it off. Buy some S&P puts and go long on gold on Friday, let a few H-Bombs drop over the weekend, and boom. 😬

dustyheron5 said:Tim Knight — Gold and miners have finally broken out toward the upside...

http://slopeofhope.com/2017/08/gold-...-bust-out.html

That lunatic Kim looks like he dropped an H-Bomb this weekend. Are we hitting 1380 soon?

Gotta bump this thread up for a sec...
Picked up some more MUX yesterday. 🍿

And when exactly is that happening?
Massimo was saying the exact same thing back in 2006. That was 11 years ago!
Some people probably kicked the bucket waiting for their discount to actually buy a Ford. 😁

dustyheron5 said:It’s been a while since I’ve checked in on Armstrong—what’s his current take? Is he still betting on a massive dollar rally, or is his model signaling a complete shift... 😁

https://www.armstrongeconomics.com/m...ending-bounce/ 😁

Sweet. Maybe it was actually a smart move picking up some Twilio yesterday after all. 😁

Melissa Sanchez17 said:Snagged some mux today at $3.28. Honestly, if this thing goes south, so be it.

(Nada) I picked some up at 3.15 too.

Jerry Robinson56;58753821Then you've got the other moderator [B stepping in, saying:
hollowmoose21[/B], the guy who later went viral for that childish post about the receptionist /Ivana Valentić/ — "who's that girl?" 🤦 — the front desk manager, acting all shocked that they were using high-end workstations for 3D animation 😁. Absolute comedy gold.

You're so blinded by your little "mission" that you didn't even catch why I posted that in the first place. 😵
The truth is, I actually know exactly who’s using (or totally wasting) HPC resources here in the States. 😁

brightpuma said:I see the mods let this one slide since the cards are already dealt, so I’m gonna need some clarity here: why exactly did this post get a free pass?

That last sentence felt incredibly tacky and out of line.

Is this really how we're supposed to talk and think? Is this level of discourse actually acceptable?

The post wasn't flagged, so we clearly missed it. That’s on us, and it's not okay. He's getting a strike, even if it's a little late.

Here’s the breakdown.

Not a chance. This is America. What’s actually going to happen is those two tons of meat—or whatever cash value they assign it—is just gonna end up in someone else's pocket. I've seen enough to know how this game is played when private companies start cutting deals with the government. 😁

Henry Hernandez7 said:Exactly. You can't have production without consumption, which means you aren't seeing any growth either. Anyway, that’s my two cents on the whole thread. 👍

Oh, so we just need to juice consumption again? Great. And where’s the cash for that coming from? More credit cards?
Oops, we already spent the last 15 years doing exactly that. 😁

Joshua Davis79 said:We really need to shake up this entire political establishment, otherwise we're all going to be broke and out of work before we know it.

Sure, but who the hell are we supposed to put in charge after that? You actually see anyone out there who knows what they're doing?

Steven Reed said:That's not right. If there isn't enough cash in the account by Monday, nothing will be withdrawn—and they certainly won't trigger an unauthorized overdraft for it. Overdrafts happen because of interest, service fees, or credit card payments, not because of a pending transfer. Even when you schedule a payment in advance, the system explicitly tells you that you need to have sufficient funds available on that date, otherwise, the transaction just fails.

So you're saying you absolutely need a positive balance to pull this off? Like, they won't even let you dip into your authorized overdraft limit?

rustyseal5 said:Yeah, "might." That’s the magic word, isn't it? Used it a million times before, and look where it got us over the last year and a half. It hasn't happened. Personally, I don't see any massive rally coming that mimics that crazy run we saw from 2002 to 2011.

I know most Americans get burned financially by this because, as usual with any investment, they only jump into gold when it's already sitting right at the peak.

I can still remember the media hype from just two years ago, when every news outlet was screaming about gold and how everyone needed to buy in.

For most people, it was a total scam. They didn't enter gold as long-term investors—those folks were rare to begin with—but they were forced to become long-term holders simply because they got stuck holding the bag.

Is gold going up in the long run? Without a shadow of a doubt, yes. But we'll all be dead by the time that happens. We aren't seeing $3,000, $5,000, or tens of thousands of US Dollars per ounce anytime soon.

If you ask me, most Americans bailed on gold over the last two years.
😉
http://finance.yahoo.com/news/gold-investing-trends-us

dustyheron5 said:The hedge funds have been caught on the wrong side of the trade—they got flipped and stripped of their capital. Gold is sitting at 1600 right now. 😉 Now we can expect a new round of manipulation for the exact same purpose—whether they drive the market up or down. 😉

Based on my past experience with Goldman Sachs'—let's call them "contrarian"—recommendations, things are likely headed up.😂

Another contrarian indicator? 😁
Nah, explain this to me instead:
The support for gold in Feb is 1574. The resistance stands at 1667-1690. The support will begin to fade in March and The number to watch will become 1638. The primary support Lies AT The Three Monthly Bearish Reversals. Once they give way, then we can see a real break. M. Armstrong
😁

hollowmoose21 is being a skeptic. Honestly? I think that’s a solid red flag. 😁