Never in human history have so many been plundered by so few. And the crowd cheers... "Paper is poverty. It is only the ghost of money, and not money itself." - Thomas Jefferson "In no country of Europe," a delegate noted, "is paper money legal tender, but only gold and silver coin." US constitution section 10 article 1: "No State shall enter into any Treaty,...
The world monetary system isn't working anymore. There have been for several decades several attempts at lowering the world reliance on the US DOLLAR: 1 way to reach this end was with The Euro, another attempt was diversification in particular the IMF has been diversifying, another very recent one that mainstreet knows very well is the the meteoric rise of...
Conversation between a crypto investor in prison and someone that can add 2 numbers: "I'm going to hold onto these 3 cigarettes, as more people come to prison the price will go up and I will sell them for 10 cars! Genius!" "What are you saying you fool, get out of my face, I've never heard anything more stupid" "You will dearly regret your words permabear, you do...
Nothing going on. Absolutely nothing. Not even with Bitcoin! Maybe it was interesting for Bitmex users to collect interest, haven't looked. It's random thought I don't like it. Hey, after the calm, the storm. The storm can hit any time. I don't know what the typical "nothing" looks like and how long it usually lasts. Can't predict how long it lasts here. I have...
I think there is a high probability, higher than 20% I am certain, that this pair if it visits the entry area, goes up without going down too much. It could also go a bit further before reversing, I am giving myself 2 chances on this one but no more if I lose twice I quit. Here you have the weekly chart: The spread is 30 points which is not very high, it's not...
Another mass hysteria to look at. On this chart I took the sum of coronavirus new cases in GB + France + Italy + Germany + Spain + Portugal + The Netherlands. A reminder, I posted the idea "Virus spread/Bacteria poluation/Ponzi scheme lifecycle" March 20th, as we were near the top of the Log Growth phase and everyone was panicking. As you can see the stationary...
I only have 1 question. Who sold? Who could have sold? Those that sold, they think the USD and the global economy will do wonders? They believe in FIAT currencies (this includes crypto) so much they want to buy more? Did crypto investors that were holding silver, that think we are early in a bull market (they always do thought) just gave up on silver to buy more...
1- African countries gain their independance *********************** Back in 2017, Ghana (30 million inhabitants west african country slighty bigger than the average US state) president almost made french president cry by rejecting his "charity" aid. He does not want Europe or the USA to decide of their polities, and he would very much like the local economy to...
Back in the good old days when Gold was 1200 an once, I considered it would either go up or down. Very good call right? And I didn't care if I missed out, I had a plan for each one: Big surprise, it didn't go to 5k in a single candle. Maybe people are afraid they'll miss out something that happens over many years, they're afraid they'll wait for a pullback that...
Intro, you can skip this part but I think it would be interesting for you to take a quick look: Statistics estimates and formulas? Trading is mostly about emotions, not statistics estimates and formulas. Most people do not need all of those formulas, they don't need to make plenty of stats and estimates, but just focus on discipline and emotion control. I got...
We have all heard anecdotal evidence. Every one throws random numbers around "be in the 80%", "be in the 91%", 99%, 90%, 75%, all sorts of numbers, usually the failure rate is pretty high and success is low. Day trading, or longer term. Real estate same story. And for long term investing you will hear "90% don't beat the market". I am looking at speculating here...
Prologue & disclaimer, you can skip this: [ I am not talking about a strategy. I call this advanced because someone that has only been around for 3 months should be busy touching and looking at everything, soaking up info, someone around for 6 months should be busy backtesting and coming up with a decent method or strategy supported by a sufficient knowledge...
An Interactive Broker trader with a $77,000 account thought he would outsmart every institution and every big Oil trader, the result? A $9 million loss. Well done. IB normally doesn't take beginners, you need 2 years experience to trade FX with them (haven't checked futures so I don't know what the rule is for those), and the min account size is 10,000. This day...
The bid / ask on Bitcoin is currently 8450 USDT / 8460 USD. Some say Satoshi left because he got nauseated at the community stupidity. He literally just was interested in cryptocurrencies and said "hey let's try a small currency to buy stuff on the internet between us". In 500 years of speculative hysterias it had never gone so far... Even the simpsons couldn't...
Bitcoin is not a currency, no companies are doing business with it and using the market to hedge. There is no commercial whales moving money around, and no central banks regulating it either. And so the price behaves differently. Gold doesn't have a lot of import/export currency management, but alot is similar, central banks and sovereign funds are major...
I thought this would be fun but there is too much to look at. I think what central banks do is the main driver of price action. In 2019 the USA real GDP growth was 2.4% Japan was just 0.65%, the USA raised their rates Japan didn't move. And still USDJPY went up not down. In 2019 USA real GDP growth was 2.9% Japan 0.8%. In 2018 USA inflation was 2.44%...
Looking at how many people got infected and how many died, seems like countries that used cheap drugs to treat this cold have slowed the spread most and also have much less deaths. Countries with really lots of deaths have went full lockdown and GDP took a huge hit, like -15% projections. 15% of GDP... could buy a WHOLE lot of drugs with this... Right now,...
Before giving the answer, what happened? Apple had sapphire glass on its home button and camera. They lend money to their supplier, GTAT, a few hundred millions. Absolute masterminds had the genius idea that if Apple was going to have their phones whole screen in sapphire then demand skyrockets and share price goes up... infinity? Oh and this "investment" was "a...