Mike The Spike

[Mike The Spike @OdzerCapital]

@DelusionalInves Could be exponential if we see a large correction down to 3k and below...

[Mike The Spike @OdzerCapital]

@LukeGromen @NickNemo17 Why would metals stop trading at $4400? If paper gold wasn't buying metal, then why would anyone hold their paper? That price would be tanking hard. How low would that price be allowed to go?

[Mike The Spike @OdzerCapital]

@LukeGromen @NickNemo17 You recently said "if dollars can't get you copper then..." What about: if paper gold (dollars, effectively) can't get you gold... what then? How do you see that playing out in terms of prices on the screen?

[Mike The Spike @OdzerCapital]

@mrwebber4 @oriental_ghost As you said to me - physical buying reduces their reserves and so forces them to raise the price in order to ration reserves.

[Mike The Spike @OdzerCapital]

@LukeGromen Here in the UK, operating on babies without anaesthetic was the norm until the mid 80s because it was "backed by science" that they couldn't feel pain. Seriously. No science is required for that to be obviously nonsense. Science is not required for many things.

[Mike The Spike @OdzerCapital]

@LukeGromen I also prefer to rely on subjective experience (my own) - I'm not a "backed by science", "data driven" sort of person. I find all of that to be all manner of awful and a very dead way of approaching life.

[Mike The Spike @OdzerCapital]

@LukeGromen I see you follow Jack Kruse, probs better to look at him. The main point as I see it is that the mechanism of harm being heating of tissue (and given that the power is not high enough for this there is therefore no harm) is false. The mechanism of harm is disruption of signalling

[Mike The Spike @OdzerCapital]

@LukeGromen @twocryptodogs @DerivativesDon @tomkeene Not if the global economy is rolling over and we are getting a giant deflationary impulse. Pension funds and governments globally will be buying Treasuries hand over fist. Sell equities buy bonds, piggybacking on Fed doing the same.

[Mike The Spike @OdzerCapital]

@LukeGromen @dampedspring You assume you know what the reason for the market action was, but in reality, you don’t know. Many other factors could produce the same result.

[Mike The Spike @OdzerCapital]

@HerrHayek @kurtsaltrichter @market_sleuth At 0% rates and deflation - of course they can - print print print no problem (until much much later)

[Mike The Spike @OdzerCapital]

@LukeGromen @RudyHavenstein Or there is no physical. So people sell their paper gold claims as they know they are worthless… what happens to the “price of gold”, given that no physical is trading?

[Mike The Spike @OdzerCapital]

@freegolds @PhiPho @RobKoot2 @KarelMercx It may be a better move than gold if gold becomes world oil currency and all paper burns. The “gold must flow” argument for no taxation is gone - it’ll be confiscated for sure in that scenario - national security, and rightly so, unfortunately.

[Mike The Spike @OdzerCapital]

@darenpa72 Aye lad. Also probably before when global economy starts to roll over.

[Mike The Spike @OdzerCapital]

@LukeGromen @Woland1233 Yeah, but he CAN’T print those, so he CAN default on them. You can’t disappoint financial markets, you can disappoint the populace. They are trained to expect it.

[Mike The Spike @OdzerCapital]

@mrwebber4 @VictorTheClean3 In that case, the gold price is in fact determined by physical metal. If physical demand is too high at a given price then that paper price must be raised to ration physical. Hence, physical metal sets the price.

[Mike The Spike @OdzerCapital]

@LukeGromen @Ross__Hendricks Yes, and hyperinflation is buying wvery one of the hyperdeflating assets for freshly minted cash - not QE. And yet you think there won’t be HI, as govts continue to increase the pile of assets to be hyperdeflated…

[Mike The Spike @OdzerCapital]

@VictorTheClean3 @mrwebber4 Why is conversion needed? Physical can be managed entirely separately from paper. Paper price is just to manage the physical circulating in shrimp world. This isn’t connected to CB/Giant gold.

[Mike The Spike @OdzerCapital]

@mrwebber4 @VictorTheClean3 Why would you need gold to collateralise paper gold? You just need some asset(s) to balance the value on the other side of the book. No physical required.