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...
View Hot-Chart..
"Did a bit of research for you and .... Calif's economy is about $1.6 Trillion (as of Jan 2007), according to US Dept of Commerce. US economy, according to CIA fact book, is about $14.25 trillion on 2009 estimates.
Thus, Calif is about 11% of the US economy - roughly speaking, given that the dates are slightly mismatched, and who knows how accurate these Gov't organizations are.
But any event, it's clearly much bigger than Greece's impact on the EU."
So... California, which I would consider to be bankrupt, I mean for crying out loud, the state sent IOU's to people last year instead of cash for their tax returns, is 11% of the U.S. problem... But we have to add to that, the research we went through above... The states of New York, Michigan, Illinois, and so on! This is a debt debacle folks!
Now... I'm not saying that the PIGS problem isn't a big deal... It is! But bigger than the U.S. problem? NO!
So... The dollar should not be rewarded... And neither should the euro... But the problem here is that these are the two most liquid currencies in the world... So, the normal trade is the sell one, and buy the other, as they are the offset currencies to each other... So... I would think that you would take the lesser of two evils, don't you?"
PIPPED OFF, we appreciate many of your comments but your 8-10 posts in past 10 minutes about Goldman Sachs cartel are becoming useless and of no value. I am all for Freedom of Expression and a luittle humour, but to refer every single post with Goldman Sachs is becoming childlish to say the least.
I will keep this forum sound and useful and will appreciate your help on this.
Ashraf