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Posts by "asad"
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Posts by Anonymous "asad":
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 |
Deflationary Bitcoin صلابة بيتكوين
How bitcoin halving reduces bitcoin inflation below that of gold and how its "hardness" can beat every other asset & currency over time. Watch here.
كيف تنخفض نسبة التضخم في بيتكوين تحت نسبة تضخم الذهب و ما يعني "صلابة" بيتكوين كعملة او إرادة؟
Bitcoin versus Miners Performance
As many of you know 2023 was kind to members of our WhatsApp Broadcast Group who snapped up shares in bitcoin miners, while 2024 has so far been more superior to Bitcoin than most of the miners...
View Hot-Chart..
I can't believe what you just wrote. :) Pretty short-sighted! My friend, cars are just ONE of the nearly 7000 industrial processes dependent on oil. How many years would it take to adapt these processes to alternate fuels? And how commercially viable will these fuels be? Will we have a handsome supply of such alternate fuels to ensure uninterrupted processing? Can anyone answer even ONE of these questions?
Anyone (ANYONE!) who says that oil can be replaced THAT easily is talking a loadful of rubbish! There's a higher chance of oil running out that us humans phasing it out. It would take at least fifty years for anything to even come close to the scale of usage that oil commands. Let's not then get carried away w/ the alternate energy euphoria.
Btw, it wasn't an ANALYST of BARCLAYS...but the CHIEF of BP CAPITAL who predicted $300. Otherwise, yeah, Barclays DO talk loads of rubbush! Agreed.
I am no currency guru, but my faulty analysis has to side w/ Spec - shorting USD is not a good idea anymore. dare I say that the currency is already oversold!
Let's also read more into the extension of Ben as the Fed Chair. I suspect there has been a bit of devaluation done on by the US, but this is it. A bit give & take and the USD is only going up from here.
& yeah, the market correction is on the cards. In fact e/thing is overdue now. A correction in equities, commodities & currencies. It's more a question of when rather than if...
But NO! The current price level is ABSOLUTELY due to the weakness in the USD (ok, a bit of hurricane euphoria as well). This will be, as is ALWAYS, proven as the USD strengthens...we'll see crude descending (barring some fundamental occurance - i always put in a caveat - like a military strike in the ME)..
Loved your first comment, "markets can stay irrationale longer than investors can stay solvent". Absolutely beautiful! But again, is weakness of USD the ONLY reason for oil to maintain its current price level (I understand that when USD's weak, investors can buy more crude and hence the increased demand)?
Ok, hurricane euphoria...and give and take...we have the current price level. The interesting question is WHAT will trigger a collapse in the crude prices? A strengthening of the USD?
Btw, T. Boon Pickens, the oil guru & head of BP Capital said that oil could reach $300 in ten years' time! But hey, e/thing will be up in ten years time (incl/ our salaries).. *heheh*
Thanks! But then if my views are correct (& I'm no analyst) and you also agree w/ me (a BIG bonus for me), then WHY are the prices still up there?! You know this is getting irritating! They preach that markets behave rationally...and ll information is factored in...then WHY are the prices still up there?
Irritated,
Asad
I believe the only thing keeping oil afloat (literally!) is the weakness of the dollar. So what's your take on oil? Where do you see the prices near November?
Personally, I'm holding a minimum (short) position because it is becoming a bit volatile (even if I LOVE volatility). C'mon, it has to come down now. It HAS to!
Sweden has become history's first economy to introduce -ve interest rates (-0.25%). Interesting! Because the Scadanavians always go hand-in-hand, we can expect Norway and Denmark to follow soon. What implications would this have on the NOK?
Really...this is a decent strategy to force the banks to lend out the money they're keeping w/ the central bank..
I wrote a couple of days ago about the WTI exceeding ICE. That's because of the hurricane euphoria (& expected disruption in supplies), nothing else. When everything normalizes, we'll see the usual gapping.
As for the direction of oil, you'll see tomorrow. :) Needless to say, stay short. Remember when I advised you to stay short until 68...and then enjoy the quick profits b/w 68 & 70? Well, the same applies to the 70 to 72 range. I booked some quick (long) profits b/w this range. Now I'm short. But the real treat is in the weeks to come...
Oil Update: Japan crude imports down 12.7% (or 3.59 million bpd) in July...
The way the market as collapsed from 75, it seems that the API data will be poor (excess). Bear in mind that it is rare that analysts forecasts are wrong. Ang the plunging of oil today may have absorbed these forecasts. In any case, needn't worry! We'll meet oil in its 60s in the coming weeks.
Radu, indeed...I'm setting a short position at every $2 now...and further, adding 1.5x to the previous short. Talk about algorithms.
Smiler, I got Ashraf's comments mixed up. :) Good that you're setting up short position w/ every decline. Suggest you remain short until 68...then long b/w 68 & 70 (quick money) because this is a range where oil would want to retaliate. Once you've made your money...start shorting and go party... ;)