unsurprisingly, VIX spiking:

hmmm.

BHP



FCX



copper futures



soybeans



all other softs are down as well

iron ore



commercial RE-IYR; this can't be good

http://contrariancompliance.com/2014/09/25/bitcoiners-are-repeating-forgotten-history-and-are-accordingly-doomed/ --Aaron Greenspan

Is this guy for real? I would think that someone who spent so much energy trying to developer a new payment system(FaceCash) and was abruptly shut down by the authorities would have more respect for such a distributed system. Is he just butthurt that it wasn't himself to come up with it?

Mostly this I think.

Most people have forgotten how bitcoin tends to violently crash up.

The 40s - 60s are not the norm, that data was driven by the fact that there was a historic labor shortage in the US, caused by the fact that after bombing all other manufacturing centers in WWII the US represented over 50% of the world's manufacturing base.

Labor's strength as shown in the chart is not happening again unless the US becomes 50% of the manufacturing base again, which will only happen if we have WWIII. I'm not in favor of killing billions of humans to achieve this....

cypherdoc's "support/resistance" strat vs Ryan's EWology strat.

i got my popcorn, my bitcoins and my fiat ready

"Latest official gold reserve data from the International Monetary Fund (IMF) shows that Russia again added to its gold reserves in August, with the Central bank of the Russian Federation purchasing  232,510 ozs (7.23 tonnes) and bringing its total gold reserves to 35.769 million ozs or 1,112.5 tonnes.

Likewise, the National Bank of Kazakhstan purchased a massive 795,213 ozs or 24.7 tonnes in August bringing its total gold reserves to 5.848 million ozs (181.9 tonnes).

Turkey was also a gold buyer in August and the Turkish central bank adding 96,783 ozs (3 tonnes) to bring its total official gold reserves to 16.45 million ozs (511.6 tonnes), which is the world's 12th largest official gold holding.

According to the IMF data, other countries which added to their gold reserves in August included the central banks of Azerbaijan and Ukraine. "

 

Buy with fiat.   Fiat should always be sold for btc or gold

You can also look at it from another perspective. Some central banks are buying and some, like the Fed, are supressing the price. If they are trying to keep the price suppressed then it is obviously important enough to them that they can't ignore it and allow price discovery to occur. Also the new Shanghai metals exchange doesn't allow naked shorting. If the chinese government decides this is a good opportunity to reveal how much they've accumulated over the last five years then it would be a good time to own some gold.