We continue our train of thought on the markets started earlier with Dan Oliver with our friend Jay Taylor.
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Irrational Exuberance was mentioned back in the nineties. What about the markets today?
Very possible, Gabriel!
thanks Jay Taylor
Doesn’t look like bitgold is viewed as a safe harbour to me.
Looks to me its moving with the gold price, same as the goldshares I follow.
snap back on gold………up $9……..going into the weekend…….
Nine bucks, unfortunately, is peanuts Indy!
But then again, every trend has to have a starting point!
Hope you are feeling better………..
Kick back and relax , it is Friday…….not much damage can be done between now and Sunday nite…………….
I won’t break out the champagne just yet Frank. The hourly chart isn’t confirming a breakout is underway quite yet.
Nice swing today…………..1077 to 1100. $23 ……..finishing up…better than down…………………………………………………the CLAW.
SLV:GLD
http://stockcharts.com/h-sc/ui?s=SLV%3AGLD&p=D&yr=3&mn=3&dy=0&id=p25882513257&a=407706196
Advantage: Silver
Just sold some more GDXJ calls for a 233% gain in 24 hours.
Dow down by a further $163
Jay is TOP notch…..he puts his money where his mouth is and seems extremely reputable.
I really like Jay Taylor. Good guy and a straight-shooter.
A really decent man. He and I and Doc do a bi-weekly bible study which is great for all of us.!
Excellent commentary.
I know that M.Taylor owns some shares of BitGold.
I noticed that Roy Sebag on Twitter calls today as the start of the US Bear Market with the Dow breaking down through its 200 day moving average.
I sense that this fall will be turbulant. If so, BitGold may be seen as a “safe harbour” in a nasty storm.