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C12

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  1. Like
    C12 got a reaction from vand in Commodities Sector.. New Bull Phase is beginning   
    I'm also baffled that we've seen two (arguably three) major bubbles in stocks in the last 20 years where commodities have seriously under performed, apart from a spike across each of the sectors.
    At some point this is going to swing the other way massively. I'm convinced this will be the last stock bubble in real terms in our lifetime. The next commodity boom will lift off during the next reflationary period just as confidence is lost in fiat and sovereign debt. 
    This might be many years down the road I think. 
  2. Like
    C12 got a reaction from JCRJM in Buying the dip ? Smart ...or catching a falling knife?   
    Bought a nice pile of NANO (ex RaiBlocks) today at just over $6. I did have some irrational FOMO last month and poorly timed some premature buys at around $12 - $13. 
    I see this as the ultimate payment coin that will completely destroy LTC / BCH over the coming years. 
    The plan is to accumulate dips over the coming months on just this single coin. I'm hoping to load up between 3000 to 5000 of these for a long term hold. 
  3. Like
    C12 got a reaction from JCRJM in C-12's Supply, Demand and Price Action thread   
    Next leg down in crypto seems to be in play and could be a sharp one. You can call this the 'Burj Khalifa' pattern. 
    This could be the final capitulation so will be interesting to see how things play out. 

  4. Like
    C12 got a reaction from RichRock in Equities going parabolic - Is the crash near?   
    Yeah I remember driving to a cash point at 1am after watching late night news during the peak of the banking crisis in 2008. There were people queuing up trying to withdraw cash. It was pretty frightening at the time. 
    Those under 32-35 probably wont have any real recollection of these events 10 years ago. 
    As for traders, people just love trends. Who would buy stocks right now? The risk / reward ratio is completely inverted. 
    Take a look at Apple on the monthly which is technically horrific. I don't usually look at declining volume or bearish divergence on oscillators but this is a real stinker.

  5. Like
    C12 got a reaction from RichRock in Equities going parabolic - Is the crash near?   
    Yeah I remember driving to a cash point at 1am after watching late night news during the peak of the banking crisis in 2008. There were people queuing up trying to withdraw cash. It was pretty frightening at the time. 
    Those under 32-35 probably wont have any real recollection of these events 10 years ago. 
    As for traders, people just love trends. Who would buy stocks right now? The risk / reward ratio is completely inverted. 
    Take a look at Apple on the monthly which is technically horrific. I don't usually look at declining volume or bearish divergence on oscillators but this is a real stinker.

  6. Like
    C12 got a reaction from RichRock in Equities going parabolic - Is the crash near?   
    I don't think we can have rising sovereign bond rates, a banking meltdown and a stock crash at the same time. 
    My guess is that the last week's drop in stocks was a head fake and we continue higher, rates up, bonds down and commodities to blast off. 
    Ultimately we may see 6 - 12 months of inflation before the whole thing falls apart and the deflationary collapse begins to take everything down. 
  7. Like
    C12 got a reaction from RichRock in Equities going parabolic - Is the crash near?   
    There is very little base money underpinning the hundreds of trillions of debt that is artificially pumping all asset prices. We're now at a point where new debt is required just to pay the interest on the existing debt in the system. This system is primed and ready to unravel.
    As the everything bubbles collapses, there will a huge deleveraging event that takes place and a scramble back into cash. It will just be a re-run of 2008 on steroids. 
    The hyperinflation will only occur through complete loss of confidence in the government or rapid and blatant expansion of the base moment supply. Both of these will eventually arrive but this will be due crisis response - ie The US congress may decide to mint a huge pile of Trillion Dollar platinum coins to monetise the national debt or some crazy method of flooding the entire system with cash.
  8. Like
    C12 got a reaction from RichRock in Equities going parabolic - Is the crash near?   
    It's a tricky one but my timeline from here would be something like:
    Stocks enter a disorganised topping process that could take 6 - 12 months to play out. 
    Interest rates continue to rise.
    Commodities should do well initially, gold especially to make a run for the all time highs.
    The housing market rolls over
    Finally a collapse which takes everything down and make 1929 look like a picnic, banking collapses, ATM withdrawal limits etc. 
    The next crash will be the real stinker we should have had in 2008-2012 and it wont be pretty. 
  9. Like
    C12 got a reaction from RichRock in Equities going parabolic - Is the crash near?   
    Yep, I know a lot of people are banking on inflation which would be great for us gold / silver holders. 
    I think what's coming will take years to clean up. It will completely take everyone by surprise and the governments and central banks will be miles behind the curve in terms of QE or stimulus. 
    Best thing now is to start thinking about liquidating assets (apart from physical gold or silver coins), accumulating cash and getting it to safety. NS&I accounts are our best bet in the UK. Also 6 - 12 months survival cash in bank notes. 
    I feel like the clock is now ticking and last weeks stock market scare was just the tip of the iceberg. 9 - 12 months max before the storm hits. 
  10. Like
    C12 got a reaction from RichRock in Richard Rock's Trading and Chart Analysis   
    I think gold still looks good for a move up from here. Thought we might have had a bit more of a pullback back to $1,300 but looks like it just wants to make a run. 

  11. Like
    C12 got a reaction from sovereignsteve in Anyone else worried about Stock Market all time highs?   
    Looks like the plunge protection team are out en force today. 
  12. Like
    C12 got a reaction from pho in C-12's Supply, Demand and Price Action thread   
    Another interesting day in crypto markets.
    I'm not convinced this bear market is over. Bitcoin spiked through the demand zone of $8,400 and uptrend support.
    I think we may still see $5,000 at some point, Litecoin at $65 and Ripple at $0.42. Ethereum is a tougher chart to read but possibly a test of $400.
    The cleanest level of untested Bitcoin support is $1460. 
  13. Like
    C12 got a reaction from JCRJM in C-12's Supply, Demand and Price Action thread   
    I put a chart up showing Bitcoin would crash on January 1st. In the same post I wrote that Alt coins would be a better option.... That was a dreadful call. 
    We're now getting close to areas i'm interested in picking stuff up but going to be very very selective. 
    I did buy a small bit of Bitcoin and Litecoin to test with (transferring to a wallet, then Binance and bought in and out of a few Alts).
    To be honest, I'm not sure this current crop of "Blockchain" coins will survive. Payments are far too slow (10 mins to 45 mins) and the transactions fees constantly eat away at your holdings. It seems blockchain networks are designed to become more and more clunky as they grow.
  14. Like
    C12 got a reaction from JCRJM in C-12's Supply, Demand and Price Action thread   
    Another day, another crypto crash. Now closing in on nearest supports (not necessarily bottoms) around these levels:
    Bitcoin - $8,400 
    Litecoin - $110
    Ripple - $0.5 
    The Altcoin market is an absolute horror show... 70% to 80% plus down off all time highs for some. Ethereum holding up very well. 
  15. Like
    C12 got a reaction from vand in Commodities Sector.. New Bull Phase is beginning   
    I'm also baffled that we've seen two (arguably three) major bubbles in stocks in the last 20 years where commodities have seriously under performed, apart from a spike across each of the sectors.
    At some point this is going to swing the other way massively. I'm convinced this will be the last stock bubble in real terms in our lifetime. The next commodity boom will lift off during the next reflationary period just as confidence is lost in fiat and sovereign debt. 
    This might be many years down the road I think. 
  16. Like
    C12 got a reaction from Oystonout in Cryptocurrency market implosion - Tether (USDT)   
    I've taken all my coins off the exchange and onto a secure hardware wallet. I don't have a lot of exposure so very comfortable to watch it all play out.  
    If I'm right on the fallout fromTether I'd guess the market might flat-line for quite some time before cash moves back in. 
    I could be wrong and we go to da moon right now, but I'm not taking the risk. I see better buying opportunities ahead. 
     
  17. Like
    C12 got a reaction from Oystonout in Cryptocurrency market implosion - Tether (USDT)   
    The Tether / Bitfinex situation once resolved will most likely be the finishing blow for the current cypto market cycle. I'm guessing Bitcoin will spike down to $5k and potentially much lower. 
    I'm bullish on Cryptos over the next 3 - 5 years and beyond and I see the 2017 bull run will just be a tiny speck as to where they will potentially go. 
    The market now needs time to mature. This current system which is packed with ponzi scams and pump and dump schemes need to be washed out and rebuilt on solid foundations. 
     
     
     
  18. Sad
    C12 got a reaction from JohnA in Tarnished Rims - Bullion Coins   
    As a long time silver stacker, one of my biggest annoyances is tarnish that forms around the coin rims. I can even see the tarnish directly through the plastic on some of my sealed tubes. 
    It seems the oldest are the worst. Almost all of my 2005 -2008 coins have some dark brownish shadows. 
    What are people thoughts on this? Had anyone tried running their coins through a dipping solution to bring them back to life? 
     
  19. Like
    C12 got a reaction from mongo28 in Will gold hit $1,500 this year?   
    It all depends on whether we get a severe financial crash within the next 12 months. If so, I expect gold will get hit (as with everything) and a rush into cash. 
    The other option is we go directly to inflation which may last another 2 -3 years before everything tops out with massive blow off tops. Gold will surely see an impressive move up to $4,000 in this scenario.
    I just feel we have to go through a lengthy deflationary period at some point before we get the destructive inflationary cycle that takes gold to $10,000 and beyond. This might be 10-15 years away (which ties in with the 30-year commodity cycle peak). 
    I'm positioned for both scenarios with around 40% of my savings in physical gold / silver and have cash sat on the sidelines. 
  20. Like
    C12 got a reaction from JCRJM in Will gold hit $1,500 this year?   
    A gold backed crypto would need to be regulated to prevent it ending in the same fate as e-gold back in 2008.
    I think ultimately a gold backed digital currency will be issued and controlled by the central banks, but this is many years away in my view. 
  21. Like
    C12 got a reaction from PansPurse in Will gold hit $1,500 this year?   
    We'll have to see. So far, all attempts to create a gold backed crypto have ended in epic failure and we've not even seen the whitepaper yet. 
  22. Like
    C12 got a reaction from oliversw5 in The Cheapest Newly Minted CGT Free 1oz Silver Coin in the UK   
    Great price but possibly the ugliest coin of all time. One to stack and hide away from public viewing  
  23. Like
    C12 got a reaction from oliversw5 in The Cheapest Newly Minted CGT Free 1oz Silver Coin in the UK   
    Great price but possibly the ugliest coin of all time. One to stack and hide away from public viewing  
  24. Sad
    C12 got a reaction from Sadbuttrue2 in Done with Silver!   
    Just went up into the loft to dig out my box of silver coins that were all immaculate and packaged in air tight capsules, including many tubes. 
    Ended up flipping the box and the contents smashed onto a wooden floor. Needless to say there were piles of shattered capsules all over the place and a load of scratched and chipped coins. 
    Think I'm done with the hassle of it. The next time the gold / silver ratio comes back into line, it's time to get rid and swap most of this out...

     
  25. Like
    C12 reacted to Bullionbilly in Done with Silver!   
    I had brit and maple tubes anyway pal. Not to worry.