Numbers to keep a close eye on….. Bitcoin, Gold & Silver, Copper, US Dollar Index and Crude Oil…. The powers that be are scrambling
Afternoon everyone…..
Since I’m burning the candle at both ends right now trying to meet my deadline for a kitchen job. I have been catching up on podcasts,
While I’m sure that I don’t need to tell you about all the uncertainty in the world right now. There are numerous countries scrambling trying to figure out how to save themselves from complete destruction.
For many it’s already to late…
Here are some very KEY numbers to watch closely over the next couple weeks….
The United States Dollar Index keeps climbing…. This is bad for pretty much all other countries. Why? Because it is the world reserve currency, which makes each country that imports or exports with the United States make less money.
In listening to several different podcasts, there were several analysts that believe the dollar index will continue to climb over the next several weeks. This is great if you are traveling abroad, your exchange rate will be very nice.
A few of the analysts warned us to watch out for China. They are lying in the weeds waiting to pounce.
Now for Bitcoin…
In one of the podcasts in my playlist the two gentlemen talking named several extremely large holders of Bitcoin playing chicken with the general public. They are trying to buy it all back up at lower prices and monopolize the market. There were two institutions that have joined in on this. Unfortunately at the time I was in the process of a glue up of boards and didn’t write down the peoples names as they mentioned them.
I do remember the ultimate bottom number they would like to see Bitcoin at which was $12,000 a token.
Crude Oil pricing…
Gas is currently just over double the price it was per gallon this time last year. Oil companies are boasting record profits while we all struggle.
There is no one entity that can lower the fuel prices. Not the President, not the Queen no one person has that control.
If fuel prices don’t come down soon, all these interest rate hikes to try and combat inflation will be useless. Companies have already started adding fuel charges to out going freight.
Copper price falls below $4 a pound for the first time in over a year…
Why????
Because global production has slowed down. Less cars being made, less electronics, etc. So the demand lowers, and then the price lowers…..
Gold & Silver….
Th we analysts were all over the place with this. But one thing they all agreed upon was that there is an absolute strangle hold on this market. The powers that be are doing everything they can to beat these numbers into the ground.
But why…
Because just like Bitcoin they want everyone to sell it off so they can control it even more.
All analysts also agree that gold will be under $1,800 shortly and silver will be under $20.
This world is FUCKED…
Posted Using LeoFinance Beta
You received an upvote of 100% from Precious the Silver Mermaid!
Thank you for contributing more great content to the #SilverGoldStackers tag.
You have created a Precious Gem!
12k Bitcoin is a steal and will have a lot of people loosing their shits. Let’s see how true these claims will become. For me, nothing has changed, would be here to witness it all.
Posted Using LeoFinance Beta
Nothing changes for me either, buy fractionally on the dips and if it remains bear, continue to buy the extreme dip as I call it. Once that bull run comes, there's a new wave of those who were willing to stick around, flourishing. :)
Even with it being down from it's all time high, there's been room to make profits day to day almost, with the dips and then small peaks before the next larger dip. Analyzing the markets is fun and I feel like more people would see that and benefit from it if they would be open to even attempting to day trade. I've bought and sold BTC anywhere from $400-$52,000. Fractional selling has kept me from making a single loss when I bought in higher. If you make sure to only put 60% in @ whatever you're buying at, you can use that other 40% as leverage to buy a dip and then quickly sell on a crest. If your 60% goes down in value by 50%, but you've earned 300% out of that 40% you kept out in that time, your 60% is now 30% and that 40% is now 120%. You've got 150% of your initial right there. I think the problem with most people investing in crypto is the whole "Put all your eggs in one basket." ordeal. Too many are putting too much in at once and not giving the prices time to fluctuate in either direction. Just my thoughts on things.
Cool thought’s…and I agree with you, I day trade in my head mostly, but when I have the funds I do make few trades and ride it. Like I bought Rune at 1.6 and I’m riding it up now. I spot cool trades like that from time to time. I’m too broke to trade with big numbers lol so I make only little gains, perhaps when I get my numbers and confidence up, I’ll be trading with bigger numbers and I’ll be better at spotting cool trades. I spotted a lot of cool trades with Hive too over the week. But a traders best friend is capital.
I’m not going anywhere either. I won’t be pushed around by the powers that be. I just keep buying little bits at a time as i can afford them.
Here’s a podcast for you. 😂🤣😇🏆
💩💩💩💩
This is a solid analysis so your info seems very valid on these points. You really seem to understand markets and the reasons behind fluctuations in price. This should definitely help anyone willing to listen who doesn't quite understand the situations we're in in each individual market.
Precious metals are always worth investing in and think about how much is to be made on copper once this Covid and "Economic Crisis" bullshit finally wraps up and people aren't getting help and need to go back to work. There will surely be a tech scramble in the near future, with more companies looking to streamline production to make up for all the supply chain fallout we've seen thus far. The future is bright, for those willing to hold on through the darkness!
Thank you. Those who don’t give in or give up on what they believe is a solid way to preserve their money will prosper.
I was scrolling down to check the price of silver and certainly I saw it. By the way it is good night from my ends
Gold and silver will go lower. Be patient
The manipulation and no longer hidden it is out in the open and wide spread...
Because they have control of NOTHING
Because the Powers that Be want us to beg for scraps.
Got some dry powder for Crypto and PMs, waiting for a bit of Blood in the Streets.
Posted Using LeoFinance Beta
12k - 14k bitcoin is definitely in the charts. Should be this year if the pattern is ready a 4 year cycle!!