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 |
Friday's $2431 high in gold consisted of a 21% rise from the Feb 14th low. Such percentage extensions from key lows or/and technical levels such as the 200-DMA, could flag crucial opportunities for partial/full profit-taking. Watch here.
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...
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Google trading still halted. Wonder how this could happen before schedule, after NY close?
interesting question about the spread long gilts to floaters....the long yields went up a lot after Bernanke
but I don't have actual data for floaters. It is clear that yields rise because of expectation of inflation
It is not just Zeitgeist that direct democracy political parties pop up everywhere, basically Internet social network parties, the Pirate party is everywhere , in Italy its the five star movement, all thse make enormous success in surveys.
These parties are the biggest danger to parliamentary democracy, because they are transparent and real-time. And come at almost no cost. basically social network parties resemble the ancient northern Thing place, the vote is for decisions, not for prospects, not for political progammes, and certainly not for personalities. "faces and voices" are insignificant. Of course there are model laws, or exactly, scalability.
In plain terms, what works perfectly with 100 voters at a Thing, may not work with a million voters in a social network. This laws of scale are more a topic for applied mathematics, but imho the way political decisions are made will change pretty soon, with real time communication structures such as social networks
Industrial production remains low , retail low, and consumer inflation low.
Thus China has entered the same state of economy as Eurozone and USA, incomes from productive work jobs falls, the velocity of circulation of money drops, paving the way to deflation, not inflation.
80% of Australia's GDP is commodity exports, and the biggest parts of commodities goes to Asia, with China the biggest asian customer. Without commodities Australia industry is not self-sustaining.
I do not believe China could avert hard landing with another big round of infrastructure spending,
because what really stands in the way is the "medieval" distribution of wealth and income. China needs far more jobs and far less princeling-Oligarchs.
Thus AUD NZD are imho very safe shorts, the only question is at which price starting short, that is not if, but when.