Courtesy of Read the Ticker.
The gold bull has passed a bullish test, it has bounced off the blue 1×1 Gann Angle twice!
Recently Jamie Dimon smashed bitcoin as a fraud. In truth this was an attempt to shake out bitcoin players, and slow down the block chain development, or more importantly slow down block chain developers to allow JPM to be first. What block chain development ? Our guess is block chain that allows peer to peer gold and silver transfer. JPM knows that COMEX and LME will be the Nokia to Apple iPhone when block chain provides a world wide service for peer to peer gold transfer of ANY SIZE!
A bullish fundamental behind gold is the fact that true price discovery is coming to the metals markets on the back of development of peer to peer gold transfer via block chain. Bitcoin will be crushed by gold or silver block chain (until the Govt’s get pissed!).
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Investing Quote…
…”The average chart reader is apt to become obsessed with the notion that the dips and peaks and primary and secondary movements are all there is to stock speculation. If he pushes his confidence to it’s logical limit he is bound to go broke.”…
Jesse Livermore
..“Investing should be like watching paint dry or watching grass grow. If you want excitement…go to Las Vegas.”…
Paul Samuelson
..”Money can’t buy you happiness but it does bring you a more pleasant form of misery”..
Spike Milligan
After a question on how to become a better investor professional Mr Munger responded, ..“Read history, read history, read history.”..
Charlie Munger
..”Markets are designed to allow individuals to look after their private needs and to pursue profit. It’s really a great invention and I wouldn’t under-estimate the value of that, but they’re not designed to take care of social needs”..
George Soros
