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Gold/Mining/Energy : KITCO - Gold discussion

GLD 368.78

+0.2%

Nov 3 4:00 PM EST

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To: permabear1 who wrote (798)	6/9/2016 9:40:31 AM
From: m2trains	of 989

Yes on Cliff High, He was saying that bitcoin and silver would run together to very high levels this year. Bitcoin is butting up against that near 600 level for about a week now. It does look like if it can bust thru, that it would head to the next level of resistance, maybe 750 area? After that, 1200 and then 3000 from what I have gleaned. The 3000 level comes from taking the old high in the 1200 area times the number of bitcoins that existed at that time, and rectifying that to the number that exist today which I believe is around 15 million. The interesting thing, the limit of 21 million that can ever be created really puts a possibility that these things could become quite rare.

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