EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
Strong PMI accelerated Gold's pullback & what's needed from NVIDIA, AMD & MU
Bitcoin vs Miners, MSTR & COIN
The top chart shows Bitcoin price in USD, while the bottom chart shows the % change in the stock of price of various crypto miners, Microstrategy (MSTR) the 3rd biggest company owner of Bitcoin...
View Hot-Chart..
to put it simple
FED prints liquidity and invests liquidity aka fiat money
traders invest and lose capital THEIR OWN capital
now
FED liquidity does not buy anything it is a credit easing facility
that is FED runs no risk losing liquidity that is impossible
but credit has risk of turning sour i.e. gets lost
basically traders buying stocks grant credit to someone no one else would trust
Rogers was damn wrong with his long oil calls 200 in 2008 factually oil crashed to 40.
After that disaster he beat the drum for soft commodities.
I see Rogers as one of a thousand panelists making a fortune selling opinions.
Such accidents happen all the time in Russia's leaky gas pipelines.
I think the fundamental pressure on wti price wil resume.
But stocks and EUR could see a big relief rally as political influence wanes.
As PBOC and even more ECB stoked liquidity inflation gold could raise further.
Because gold is cash and liquidity is hot air. Liquidity buys time not anything else.
Both figures demonstrated "stagflationary" economy . Inflation of end customer prices opposes
deflation of capital and cash.
PBOC and ECB orchestrated an emergency liquidity injection. In other words ECB and PBOC are reacting but not acting , they are behind the FED curve.
olala la plus de mer
( chartist recognizing repeating pattern)
while Portugal Italy, Greece, and Spain have LNG terminals for import. But Putin's grip on Western Europe tightens ever more .
North Stream South stream... extremely expensive , outdated technics, sky high prices for Gazprom gas.
It could be Israel occupies Sinai again. Then the entirely democratic protests become fundamentally islam...
Btw. Mubarak did a lot of good for Egypt social system free medicare free education free universities. The cause of the protests is not Mubarak it is raising unemployment low wages
and food price inflation.
I still expect next target of protest is China.