$70 to $120 and still climbing

Heres a chart of bitcoins on Mt Gox over the past 2 months.

Image

Clear to see there is a nice move in progress, from about $70 up above $120 less than 2 months later. But what is prompting all this buying and who is doing it?

I would venture to suggest it might be those who are in the know.. Insiders who know bitcoins will soon become a lot more valuable?

To me, with stock markets close to all time highs, bond interest rates still held low. Speculators have been chased out of precious metals. It feels very ripe for a big stock crash to me. Coming soon. Stocks down, Precious metals and bitcoins up. Have you got any yet?

Edit: Heres a couple of links which are not bitcoin related but well worth pondering

http://www.bullionbullscanada.com/us-commentary/26302-us-prepares-to-detonate-market-bubbles

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/8/8_Default_Feared_-_Gold_%26_Silver_Paper_Claims_Hit_All-Time_Highs.html

 

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