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CommentsDisplaying myptofvu's 10 most recent comments.

• Associated Press’ Twitter Feed Hacked: Reported Obama Injured in White House ‘Explosions’

  April 23, 2013 at 1:59pm

  It wasn’t Twitter that tanked the Markets it was the HFTs (high frequency traders).

  The computers scour the Headlines for news that could affect the Market and then place
  trades at speeds measured in millionths of a second.

  But according to our ever vigilant SEC (securities and exchange commission) HFTs are a good thing
  and add liquidity to the Market….yeah RIGHT

• Gold Tanks to Lowest Point in Two Years: Here’s What You Need to Know

  April 15, 2013 at 12:16pm

  See my first post for the reason for the drop in Gold but to further explain….the fact that people are selling does not necessarily mean there is a panic. The Futures Market offers great leverage but also issues margin calls. So what happens when there is a big drop like this people (meaning Hedge Funds etc) have to lighten up on their position to stay within the margin limits. So lets say they held 100 Gold Futures Contracts long, they may have to sell 10 of those contracts or throw more money in that account to cover the margin. So just because they are selling SOME Gold Contracts doesn’t mean they are giving up on their bullish position its just that they have to adjust to the margin level. And their are a lot of people who got spooked when the rumor that Cyprus will have to sell its Gold. Whether this is true or not doesn’t affect the Futures Market becuase Cyprus will sell their Gold off market to another Country they will not put it on the COMEX market it will be done outside of the Market. People not understanding this think that if they sell their Gold it will affect the price, but it won’t.

• Gold Tanks to Lowest Point in Two Years: Here’s What You Need to Know

  April 15, 2013 at 10:52am

  Gold tanked because someone shored 400 tonnes of it with an order through Merill Lynch about 6 billion in Futures orders. Just simple ole manipulation of the price nothing more. When the price hit 1480 stops losses began to get triggered driving it down further.

• Report: Up to 14 People Stabbed on College Campus in Houston

  April 9, 2013 at 2:12pm

  In reply to The-Right-Rider.

  No they will use this as affirmation that guns need to be banned by stating how hundreds would be dead if the guy had a gun

• Protesters Shimmy, Shake and Get Creative in Stance Against Wash. State’s Dance Tax

  April 2, 2013 at 9:06am

  In reply to dont-care-anymore.

  In that skit he also said “they all thought I would be the first to go” ….turned out to be right

• ‘Almost Like the Wild West’: School Bus Fight Between Students Ends in Deadly Shooting Between Mothers

  April 1, 2013 at 11:42am

  In reply to thom1.

  If she was holding the gun with her finger on the trigger when she was tazed the gun could go off accidentally.

• ‘Get-Away Home, a Hunting Cabin, an In-Between Home’ — See What a 128-Sq-Ft House Can Offer

  March 31, 2013 at 10:31am

  You can do a lot with a little space, but this aint it. Compare this to a small RV that makes better use of available space.

• What Are Bitcoins & Could They Endanger the Global Economy?

  March 30, 2013 at 1:20pm

  In reply to less-gun-control-ban-gun-free-zones.

  The security lies in the cryptographry not a website. Yes they can shut down a website but so what a mirror site will pop right back up. The only thing the Gov could do is make accepting Bitcoins illegal, but could they enforce it? Will people get to a point where they say screw the Gov and do it anyway like they’re already doing in Argentina?

  You can be sure the Gov will attempt to stop this because they do not like the idea of money that they cannot confiscate on a whim. Once your money is in Bitcoins they cannot touch it, there is no account for them to seize, no one to pressure into giving up info on you. The only awy they can get access to it is if you voluntarily give it to them. That’s the good news.

  The bad news is that if you lose your account info your money is lost and gone forever. No one else has access to it so there is no one to call for help.

• What Are Bitcoins & Could They Endanger the Global Economy?

  March 30, 2013 at 10:54am

  Where did they find the idiot to be the champion of Bitcoin? He couldn’t answer a single question coherently. How are people supposed to embrace an idea like Bitcoin when you have people like him bumbling through its explanation?

  Hey Bitcoin, get Spokesmen who can speak intelligently. You have a great concept but you are in a race against time with the establishment. Either you get extol the virtues of your product or the Gov will paint you as a terrorist supporting money laundering scheme. The first one to form a popular opinion wins.

• There’s Now a Currency That’s Up 152% — $1 Billion Total Value — and You Should Know About It

  March 29, 2013 at 12:01pm

  In reply to Snowleopard {gallery of cat folks}.

  What you say is the big question however governments may find it impossible to quash. There is no physical location they can shutdown. There are no accounts they can freeze. There is absolutely no way for them to touch your money. They could close down some internet sites but mirror sites would just pop up to replace them. I guess they could write laws to make it illegal to accept the coins but that would rely on people following the laws. I don’t have the answers but it will be interesting to see what happens, to see if people are just so fed up they.decide to defy any controls their govs try to place on this system because like I said above the gov has no way to stop it unless its by people voluntarily complying.