If you look at the S&P 500 not in its home currency USD,
which is revalued and devalued according to the FED's needs,
but in the mixed basket of world currencies DXY
normalized with its average over the past decades of roughly 92
you get in my opinion a much clearer picture
of what is going on and what could come.
XAU/BTC: The tiger is poised for the next big leap.
In my scheme of things it is going to be a major leap up.
But of course I could be wrong and I am curious to follow the outcome.
The market is always right.
Bitcoin crashing in line with stock markets reveals its true role as play money in good times.
When times are bad, however, we see Gold -- not Bitcoin, rise.
Just a quick thought to share. Of course I can be wrong. Take care! ReallyMe
Will the second Covid aftermath wave - if there will be one - take the NASDAQ all the way down to $4.8k?
Just a quick crazy idea of mine for tracking later, but from today's point of view not that unlikely.
So far, the technology index has been the "winner" of the Covid-19 crisis and has been much more resilient than the old fashioned stocks.
It could be that the...
Hi, I hope you're all ok.
This is just to share my current thoughts on the S&P 500 and the rest (as always, I could be completely wrong -- after all we're talking about predicting the future, which nobody can really do).
My current view is: During the decline until November - December 2020 it will become very choppy down there.
I think it will go down as low as...
Check out the chart and the lyrics. This song could have been written about the Bitcoin
You don't know what's going on
You've been away for much too long
You can't come back and think you are still mine
You're out of touch, my baby
My poor old-fashioned baby
I said, baby, baby, baby, you're out of time
This quick idea is intended to illustrate what is happening to Bitcoin and how final it is.
Let's take a look at the development of the Bitcoin / Gold ratio over the last five years.
The thick black line was always the last support.
On March 12, 2020, it was broken down massively and very aggressively and became the new long-term resistance.
Thereafter, on 20th...