Buffett dumps Wells Fargo amplifying bull case for gold ...
What is your Bitcoin Maturity Score?
How many of the 25 steps in the bitcoin rabbit hole have you mastered? Be honest. Count how many and divide your score by 2.5. Your Score: <5: learner / weak hands 5-7: hodler 8-9: mature 10: orange pilled Post your result below. The Bitcoin Journey: 1. That (log) price chart! 🧐 2. Digital scarce? 🤔 3. Satochi 4. Blockchain 5. Alts 6. Mining, halvings, diff adjustment 7. How do I get it? 8. Wallets, keys, seeds, exchanges 9. Crypto Twitter 10. Fees, hashrate, mempool, txs 11. Money, inflation, central banks 12. Stocks, S&P500, 13. Charts, TA, RSI, MA’s, triangles, patterns 🤓 14. Keynes, Austrian economics 15. Bull/bear market, trading, win/lose 16. Network effects & adoption 17. Gold, Silver, real estate 18. Full node, electrum pvt server 19. Evangelize / orange pilled 💊 20. All-in / auto-dca 21. Immaculate conception 22. NGU, game theory 23. Cosmic renaissance 24. Opsec, multisig 25. Maximalism Let me know your score & what’s missing from your journey. Also accepting suggestions for better results categories/ descriptions.
10/11 Weekly Watchlist. [Again, I post one DAILY on the FREE telegram] List is a bit long but I'm watching a bit
10/11 WEEKLY WATCHLIST [P.S. Only enter positions you feel the most comfortable with. Your money is your soldier only send him into the battle you think you'll win. Some of these I have taken positions. Some I am looking to take positions. I've posted how many shares I own of what multiple times ] PLEASE HEDGE your long holds. For essentially pennies you can come out on a bloody day fine! 🔑KEY🔑 [💎-Long time gold][⁉️-Could go both ways][🚀-I think this is gonna shoot up][🔥-This imo is gonna be a fire stock to make money off of just dont get dumped on][⚠️-Already ran a bit be careful][👀-Watching this one closely][⭐- Huge Catalyst or info] PRIMARY FOCUSES: $SQ $MARA⭐ $RIOT⭐ $SOLO⭐ $DBX⭐ $ADMP $SESN $UEC 🚀💸PENNYS💸🚀 🍊The Big Orange man who lives in the house that's white is pumping money into black business and so is JPM. Tickers to watch for this. $UONE $UONEK $CARV $BYFC🍊 $UEC - $WWR pumped because of uranium. Well this is a..... URANIUM MINE. Big brain! Daily MACD 🐮👀🔥🚀 $DPW - Shorts ate this like it was their last meal. This should have another big run with hoe the sectors are pumping. Support $2/$2.23 Resistance $2.37👀🔥🚀 $ADMP - ⭐FDA Nov 15th.FDA Likey Approved.⭐GOLDEN CROSS coming on the 4hr⭐ 4hr RSI OVERBOUGHT 4hDaily MACD 🐮 Support: $0.51 /$0.59/ $0.60 /$0.74 Gap up to $1.14 after that the world may never know🔥🚀👀⚠️💎 $SESN - ⭐4th Q Bio news ANYDAY now. ⭐Daily MACD 🐻 Support $1.01/$1.25 Resistances $1.38/ $1.44/$1.50🔥🚀👀💎 $PRTY - Halloween is coming up. Daily MACD looking to setup. This is a constant pump and dump stock. Was $5-7 all last year. Daily GRAVESTONE DOJI⚰ Support $1.85/$2.15/ $2.40 Resistance $3.80🔥 $KOS - ⭐Reorganized there debt⭐ 4hr HAMMER DOJI 🔨 Daily/4hr MACD🐮 I honestly can see $1.75-$2 shortly. $1 is a HEAVY support. 👀🔥🚀 $SOLO - Quarterly/Daily/ 4hr MACD 🐮GODLY Support: $2.36-$2.45. Resistances: $2.65/$2.74/$2.87/ $2.95/$3/ $3.14. ⭐US Manufacturing Location PR by EoY.⭐🔥👀💎 $GRIL - This company is undervalued in my eyes. Newish emerging fast "healthy" food. Great concept with little to no competition. Daily RSI still slight oversold. Daily MACD 🐮 ⭐Float is legit NANO sized. I truthfully see $5-7 by next year on this.[LONG]🔥🚀👀💎 💰Honorable Mentions💰 $NOK - Big 5g provider globally. Honestly think this is being slept one and should move up by EoY to $5+.Daily/4hr MACD Daily🐮 👀💎 $NAK - Mine has been waiting for approval for 10+ years. Trump tweeting about it. MASSIVE float [BAD]. If somehow it gets approved this is gonna jet to $4-6💎⁉️ $IDEX - Some PR dropping. I suspect earnings is gonna make this run up heavily [Nov 6th] $RIOT/$MARA -⭐ ONLY if Bitcoin continues to run up.⭐ 💰Non-Pennys💰 ⭐SPAC companies are blank check companies looking to merge. If the merge FAILS you are reimbursed $10.⭐ $JETS - Airline ETF. With the fed and uncle JPOW 3rd of his name pumping airlines this could zoom zoom zoom to the moon moon moon $SPWR - Solar power is BOOMING. This has been uptrending for awhile. Support $13.28/$15.43 Resistances are unknown. Daily RSI OVERBOUGHT. 👀🔥🚀🚀⚠️⚠️ $PLUG - WAY 2 HIGH! OVERBOUGHT TO THE EXTREME! Alt energy is a thing of the future! Dont expect the lowest level support to he broken. Support $15.70/$17 [LONG]⚠️⚠️🔥🚀👀💎 $ASO - New IPO. They sell camping goods such as GUNS & AMMO. $CWH is +250% since COVID drop while selling similar goods. New so impossible to map out levels. 🔥🚀👀💎 $KIRK - Cup and Handle! Support $7.41/ $8.77/$10.16⁉️ Resistances $11.87. 4hDaily MACD🐮 ⭐4hr GOLDEN CROSS 9/18⭐Suspect earnings get SMASHED [LONG]👀🔥🚀⚠️ $MCAC - [SPAC] ⭐PLAYBOY⭐ is going public through them. Sheerly off the name.🔥💎🚀👀 $CRSR - ⭐Slept on IPO that just came out. Makes competitive gaming equipment. Super sponsors in ESPORTS which are growing vastely. IMO another great long. ⭐I see a bullflag formed on multiple time frames.[LONG]⚠️🔥👀💎 $CLSK - Just like PLUG the uptrend is insane. ⭐ $9 Offering⭐ 4hr MACD 🐮Almost NO DEBT! Support is around $10. This should gap back to $13+ when the offering closes. ☠SABBY IS IN THIS STOCK☠👀🔥🚀⚠️ $PLAY - I'm bullish as a bull can be for next Q earnings! Support $13.86/ $15.05 ⭐4hr GOLDEN CROSS coming early next week ⭐Daily MACD BREACHING 🐮 4hr MACD 🐮/🐻HUGE Gap up potential to $19/$20. I'd put moneyon earnings being beaten December🔥 $SPAQ - [SPAC] ⭐MERGER VOTE END OF OCT⭐4hr GOLDEN CROSS⭐I see $25 EoY. 4h Daily MACD turning 🐮 Support $11.90/ $12.99 Resistances $15/ $15.55/ $16.05. Fisker is a PR machine.🔥🚀👀💎 $JMIA - Cup and Handle! Huge E-commerce in Europe/Africa. 4hr OVERBOUGHT 4hDaily/Wkly MACD 🐮⭐1+2hr GOLDEN CROSS⭐ Support $9.79/ $10.16 Resistance $10.60-$10.70 [LONG]⚠️🔥🚀💎 $DBX - 5years of constant revenue growth. Huge inverse H&S. Wedge broke out bullish. Daily/4hWkly MACD🐮 Support $18.74/$19.10/ $19.58. Resistance $20.77/$21.29 /$22.76 Gap up to $23.48👀🔥🚀💎 $LCA - [SPAC] Merging with Golden Nugget[gambling]. Should easily hit $20-$25 in the next 4-6weeks. 💎 $SQ - ⭐1% of their ENTIRE company is now in BTC [50m]⭐ this means if BTC goes up it directly benefits them. Not to mention $SQ is just a great long. [LONG]💎👀🔥🚀 $LMND - ⭐90% of their customers are Millennials opening insurance their first time. [This shows HUGE potential long term growth!] [LONG]💎 $NEE - ⭐4:1 Split could run.Think AAPL & TSLA. [LONG]⚠️💎👀 $JWN - 4hr GRAVESTONE DOJI⚰ Daily MACD🐮4hr MACD🐻 Godly Support $11.70/$12.90 Resistance $14.22 [LONG]⚠️💎 🤑Notable Earnings🤑 OCTOBER $DAL - 13th PM📈[Inverse Condors] $JNJ - 13th PM⁉️ $JPM 13th PM⁉️ $UAL - 13th PM/AH?📈[Calls] $BAC 14th PM📈[Calls]⭐ $WFC - 14th PM⁉️ $PYPL Estimated 18th ⁉️ $TUP Estimated 20th📈[Calls] $LOGI Estimated 20th📉[Puts] $LRN - 20th PM/AH?📈[Calls]⭐ $TXN - 20th PM/AH?📈[Calls] $SNAP - 20th PM📉[Puts or Strangle] $HOG - 20th PM⁉️ $NEE - 20th PM 📉[Puts] $LMT - 20th PM📉[Puts] $RTX - 20th PM📈[Calls] $SKX - 20th AH 📉[Puts or Strangle] $NFLX - 20th AH📈[Calls]⭐ $SIX - 20th PM/AH?📈[Calls or Strangles] $BA - 21st PM📈[Calls]⭐ $SAVE - 21st PM/AH?📈[Calls] $ORLY - 21st PM/AH?📈[Calls] $MSFT - 21st AH📈[Calls] $EBAY - 21st AH📉[Puts or Strangles] $CMG 21st AH📈[Calls or Strangles] $KO Estimated 21st📈[Calls]⭐ $AAL - 22nd PM📈[Calls or Strangles]⭐ $T - 22nd PM📈[Calls] $INTC 22nd AH📈[Calls]⭐ 🔥🚀🌾Gold/Silver🌾🚀🔥 $AGC - 2x silver. Aka silver -1% AGC -2%. This is a day or swing trade. Depreciates $SLV - Long term silver hold $JNUG - 2x Gold. Same as AGC but for gold $NUGT/$GLD - Long term gold holds 🔮BET AGAINST THE MARKET🔮 $SPXS - 3X Inverse of SPY [The overall market] Spy +1% SPXS -3%. Spy -3% SPXS +9% [top 500 companies]🐻🐻 $SQQQ - Same as SPXS except top 100 companies🐻🐻 $VXX - Fear index/Volatility Index. This goes up with market feaunsurity. USUALLY inverses $SPY ⚖UPCOMING FDA INFO⚖ $BHC - FDA NEWS ANYDAY $LPCN - FDA NEWS ANYDAY $FBIO - FDA Oct 10th [same drug as TRVN]⭐ $ATXI - Oct 10th [same drug as TRVN]⭐ $SPPI - Oct 24th $KALA - Oct 30th $MRK - Oct 30th $SUPN - Nov 8th ⭐ $ADMP - Nov 15th⭐ $ALKS - Nov 15th $MYL - Nov 16th $EIGR - Nov 20th $LQDA - Nov 24th 🙏 I never intended to make any money from this group. All I truthfully wanted was a community I LOVED! If you choose to donate after a big win or to support my work; it is GREATLY appreciated. [Like too much to put into words lol] If you do donate please PM me; to let me know incase I miss it!🙏 ❤🖤💙💚🤎💛🧡💜🤍 My Links: ⭐Cashapp: $Hamstackz⭐ ⭐Venmo: $JDH3703⭐ ⭐paypal.me/PhillyDiamondhands⭐ Thanks you once again. I couldn't do this without all the support and kindness from this community!
10/14 Daily Watchlist. Once again posted on the FREE TELEGRAM
10/14 DAILY WATCHLIST [P.S. Only enter positions you feel the most comfortable with. Your money is your soldier only send him into the battle you think you'll win. Some of these I have taken positions. Some I am looking to take positions. I've posted how many shares I own of what multiple times ] PLEASE HEDGE your long holds. For essentially pennies you can come out on a bloody day fine! 🔑KEY🔑 [💎-Long time gold][⁉️-Could go both ways][🚀-I think this is gonna shoot up][🔥-This imo is gonna be a fire stock to make money off of just dont get dumped on][⚠️-Already ran a bit be careful][👀-Watching this one closely][⭐- Huge Catalyst or info] PRIMARY FOCUSES: $SOLO⭐ $LQDA $ADMP $SESN $UEC $ATXI $MGM⭐ $CLSK $PLUG $PLAY 🚀💸PENNYS💸🚀 $LQDA - Mass puts were bought than a huge stop loss raid on NO NEWS. SUPER OVERSOLD. Looking to swing this as a potential gap up comes $ATXI - Huge over reaction sell off to FDA update about their drug. The trials were GOOD! The FDA just expects some stuff. This is catching a falling knife but I believe support was found at $4.50-$4.56. $3.80 looking like Support Resistance $4.75 than a MASSIVE gap up to fill👀🔥🚀 $UEC - Uranium mine. Its only a matter of time until Algo's pick up on this and it runs heavily. 9Daily/4hr MACD 🐮👀🔥🚀 $ADMP - Cup & Handle 🐮 ⭐FDA Nov 15th.FDA Likey Approved.⭐GOLDEN CROSS on the 4hr⭐ Daily MACD 🐮 4Hr MACD 🐻Support: $0.74/ $0.87/$0.93 Gap up to $1.02/$1.14 after that the world may never know🔥🚀👀⚠️💎 $SESN - ⭐4th Q Bio news ANYDAY now. ⭐ Support $1.01/$1.25 Resistances $1.38/ $1.44/$1.50🔥🚀👀💎 $PRTY - Halloween is coming up. Daily MACD BREACHING🐮 4hr MACD🐻 This is a constant pump and dump stock. Was $5-7 all last year. Support $1.85/$2.15/ $2.40 Resistance $3.80🔥 $KOS - ⭐Reorganized there debt⭐ I honestly can see $1.75-$2 shortly. $1 is a HEAVY support. 👀🔥🚀 $SOLO - Decending Triangle broke out 🐮Quarterly/Daily/ 4hr MACD 🐮GODLY Support: $2.36-$2.45/$2.58. Resistances: $2.87/ $2.95/$3/ $3.14. ⭐US Manufacturing Location PR by EoY.⭐🔥👀💎 $GRIL - This company is undervalued in my eyes. Newish emerging fast "healthy" food. Great concept with little to no competition.Support $1.40/$1.54 Resistance $1.60/$1.67/$1.72 ⭐Float is legit NANO sized. I truthfully see $5-7 by next year on this.[LONG]🔥🚀👀💎 💰Honorable Mentions💰 $NOK - Big 5g provider globally. Honestly think this is being slept one and should move up by EoY to $5+.Daily MACD Daily🐮 👀💎 $NAK - Mine has been waiting for approval for 10+ years. Trump tweeting about it. MASSIVE float [BAD]. If somehow it gets approved this is gonna jet to $4-6💎⁉️ $XELA - Small position here. Could gap up to $0.45-$0.48 $IDEX - Some PR dropping. I suspect earnings is gonna make this run up heavily [Nov 6th] $RIOT/$MARA -⭐ ONLY if Bitcoin continues to run up.⭐ 💰Non-Pennys💰 ⭐SPAC companies are blank check companies looking to merge. If the merge FAILS you are reimbursed $10.⭐ $MGM - One of my classic picks has RETURNED! Earnings. Oct 29th⭐. VERY strong support at $18.08/$20.54. Resistance $21.71/$21.92/$22.25. I suspect this will be the last earning to have worry about. This should EASILY be $30-40 in the next 3-5years with the expanding to Japan + BETMGM👀🔥🚀💎 $JETS - Airline ETF. With the fed and uncle JPOW 3rd of his name pumping airlines this could zoom zoom zoom to the moon moon moon $SPWR - Solar power is BOOMING. This has been uptrending for awhile. 4hDaily MACD 🐮 Support $13.28/$15.43 Resistances $17.15. Daily Slight OVERBOUGHT👀🔥🚀🚀 $PLUG - Alt energy is a thing of the future! Dont expect the lowest level support to he broken.4hr MACD looking to setup Support $15.70/$16.43[Load zone][LONG]🔥🚀👀💎 $KIRK - Cup and Handle! Support $7.41/ $8.77/$10.16⁉️ Resistances $11.87. Daily/4hr MACD🐮 ⭐4hr GOLDEN CROSS 9/18⭐Suspect earnings get SMASHED. Daily/4hr Slightly OVERBOUGHT [LONG]👀🔥🚀⚠️⚠️⚠️ $MCAC - [SPAC] ⭐PLAYBOY⭐ is going public through them. Sheerly off the name.🔥💎🚀👀 $CLSK - Just like PLUG the uptrend is insane. ⭐ $9 Offering⭐Almost NO DEBT! Support $7.98/$9.55. This should gap back to $10.91+ when the offering closes. ☠SABBY IS IN THIS STOCK☠👀🔥🚀 $PLAY - I'm bullish as a bull can be for next Q earnings! Support $13.86/ $14.55 ⭐4hr GOLDEN CROSS coming Wed/Thur⭐Daily MACD 🐮/🐻 HUGE Gap up potential to $19/$20. I'd put moneyon earnings being beaten December🔥 $SPAQ - [SPAC] ⭐MERGER VOTE END OF OCT⭐4hr GOLDEN CROSS⭐I see $25 EoY. Daily MACD 🐮 4hr MACD🐻 Support $11.90/ $12.99 Resistances $15/ $15.55/ $16.05. Fisker is a PR machine.🔥🚀👀💎 $DBX - 5years of constant revenue growth. Huge inverse H&S. Wedge broke out bullish. Daily/Wkly MACD🐮Support $18.74/ $19.10 / $19.58. Resistance $20.77/$21.29 /$22.76 Gap up to $23.48👀🔥🚀💎 $LCA - [SPAC] Merging with Golden Nugget[gambling]. Should easily hit $20-$25 in the next 4-6weeks. 💎 $SQ - ⭐1% of their ENTIRE company is now in BTC [50m]⭐ this means if BTC goes up it directly benefits them. Not to mention $SQ is just a great long. [LONG]💎👀🔥🚀 $LMND - ⭐90% of their customers are Millennials opening insurance their first time. [This shows HUGE potential long term growth!] [LONG]💎 $NEE - ⭐4:1 Split could run.Think AAPL & TSLA. [LONG]⚠️💎👀 $JWN - Daily MACD🐮4hr MACD🐻 Godly Support $11.70/$12.90 Resistance $14.22 [LONG]💎 🤑Notable Earnings🤑 OCTOBER $BAC 14th PM📈[Calls]⭐ $WFC - 14th PM⁉️ $PYPL Estimated 18th ⁉️ $TUP Estimated 20th📈[Calls] $LOGI Estimated 20th📉[Puts] $LRN - 20th PM/AH?📈[Calls]⭐ $TXN - 20th PM/AH?📈[Calls] $SNAP - 20th PM📉[Puts or Strangle] $HOG - 20th PM⁉️ $NEE - 20th PM 📉[Puts] $LMT - 20th PM📉[Puts] $RTX - 20th PM📈[Calls] $SKX - 20th AH 📉[Puts or Strangle] $NFLX - 20th AH📈[Calls]⭐ $SIX - 20th PM/AH?📈[Calls or Strangles] $BA - 21st PM📈[Calls]⭐ $SAVE - 21st PM/AH?📈[Calls] $ORLY - 21st PM/AH?📈[Calls] $MSFT - 21st AH📈[Calls] $EBAY - 21st AH📉[Puts or Strangles] $CMG 21st AH📈[Calls or Strangles] $KO Estimated 21st📈[Calls]⭐ $AAL - 22nd PM📈[Calls or Strangles]⭐ $T - 22nd PM📈[Calls] $INTC 22nd AH📈[Calls]⭐ 🔥🚀🌾Gold/Silver🌾🚀🔥 $AGC - 2x silver. Aka silver -1% AGC -2%. This is a day or swing trade. Depreciates $SLV - Long term silver hold $JNUG - 2x Gold. Same as AGC but for gold $NUGT/$GLD - Long term gold holds 🔮BET AGAINST THE MARKET🔮 $SPXS - 3X Inverse of SPY [The overall market] Spy +1% SPXS -3%. Spy -3% SPXS +9% [top 500 companies]🐻🐻 $SQQQ - Same as SPXS except top 100 companies🐻🐻 $VXX - Fear index/Volatility Index. This goes up with market feaunsurity. USUALLY inverses $SPY ⚖UPCOMING FDA INFO⚖ $SPPI - Oct 24th $KALA - Oct 30th $MRK - Oct 30th $SUPN - Nov 8th ⭐ $ADMP - Nov 15th⭐ $ALKS - Nov 15th $MYL - Nov 16th $EIGR - Nov 20th $LQDA - Nov 24th🙏 None of this would be possible without the love and support of you guys! I appreciate each and EVERYONE of you! This group will ALWAYS remain free but if you'd like to donate for my work here ya go. [If you do PLEASE let me know in case I miss it and so I can THANK YOU! 🙏 ❤🖤💙💚🤎💛🧡💜🤍 My Links: ⭐Cashapp: $Hamstackz⭐ ⭐Venmo: $JDH3703⭐ ⭐paypal.me/PhillyDiamondhands⭐ Thanks you once again. I couldn't do this without EVERY single one of yours constant support newsfilter.io/latest/news USE THIS SITE. IT IS YOUR BREAD AND BUTTER. If you see something share it!
10/18 Weekly Watchlist Been on the telegram for almost 2 days boys
10/18 WEEKLY WATCHLIST [P.S. Only enter positions you feel the most comfortable with. Your money is your soldier only send him into the battle you think you'll win. Some of these I have taken positions. Some I am looking to take positions. I've posted how many shares I own of what multiple times ] ⭐BIG weeks for earnings coming up +Election news! Be prepared for crazy volatility!⭐ 🔑KEY🔑 [💎-Long time gold][⁉️-Could go both ways][🚀-I think this is gonna shoot up][🔥-This imo is gonna be a fire stock to make money off of just dont get dumped on][⚠️-Already ran a bit be careful][👀-Watching this one closely][⭐- Huge Catalyst or info] PRIMARY FOCUSES: $MGM⭐ $ADMP $SESN $JMIA ⭐ $GRIL $FSI $LCA $ETTX⭐ $CRBP $NOK 🚀💸PENNYS💸🚀 $ETTX - ⭐Solid pipeline. Big insider buys. Presentations Oct 22st-25th⭐ Huge gap to fill to $2.50/$2.75/ $3.05. Support $2.05👀🔥🚀⚠️ $CRBP - ⭐200k in shares bought on the buzzer! Either shorts really covered hard or SOMEONE knows something. Support $1.07👀🔥🚀 $FSI - SMASHED earnings. SUPER SMALL float. Already ran a bit but I can see $4 coming potentially. HIGH RISK👀🔥🚀⚠️ $HMHC - Earnings Oct 28th. $2.50 Calls I may grab some. Looks like a medium risk high reward play👀🔥🚀 $UEC - Barcoding Uranium mine. Its only a matter of time until Algo's pick up on this and it runs heavily. 4hr RSI approaching oversold! Daily/4hr MACD🐮/🐻 👀🔥🚀 $ADMP - Cup & Handle 🐮 ⭐FDA Nov 15th.FDA Likey Approved. ⭐GOLDEN CROSS on the 4hr⭐ 4hr MACD are🐮Support: $0.74/ $0.87 Gap up to $1.02/$1.14 after that the world may never know🔥🚀👀⚠️💎 $SESN - ⭐4th Q Bio news ANYDAY now. ⭐4hr MACD 🐮 Support $1.01/$1.16 Resistances $1.38/ $1.44/$1.50🔥🚀👀💎 $PRTY - Halloween is coming up. 4hr MACD🐮 This is a constant pump and dump stock. Was $5-7 all last year. Support $1.85/$2.15/ $2.40 Resistance $2.62/$2.82🔥 $SOLO - Quarterly MACD 🐮⭐ 4hr GOLDEN CROSS⭐Support: $2.58/$2.90 Resistances: $3.20/$3.34⭐US Manufacturing Location PR by November⭐🔥👀💎⚠️ $GRIL - Once the volume picks up on this its gonna FLY! This company is undervalued in my eyes. Newish emerging fast "healthy" food. Great concept with little to no competition⭐4hr GOLDEN CROSS coming⭐.Daily / 4hr MACD🐮 Support $1.40/$1.54 Resistance $1.67/$1.72 ⭐New investor email for guidance I truthfully see $5-7 by next year on this.[LONG]🔥🚀👀💎 💰Honorable Mentions💰 $NOK - ⭐Earnings Oct 29th⭐4g contract for the moon QUITE LITERALLY⭐Big 5g provider globally. Honestly think this is being slept one and should move up by EoY to $5+.Daily/4hr MACD Daily🐮 💎 $NAK - Mine has been waiting for approval for 10+ years. Trump tweeting about it. MASSIVE float [BAD]. If somehow it gets approved this is gonna jet to $4-6💎⁉️ $IDEX - Some PR dropping. I suspect earnings is gonna make this run up heavily [Nov 6th] ⭐Earning Nov 9th $RIOT/$MARA -⭐ ONLY if Bitcoin continues to run up.⭐ 💰Non-Pennys💰 $VVPR - ⭐$8.50 offering. PT Updated to $40.Honestly $8-9 entry seems great. Should gap up to $11 when the offering closes sometime in the next week.💎👀 $LCA - [SPAC] Merging with the Golden Nugget.⭐ 100k block buy at buzzer [$1.5m]. Descending triangle broke out🐮 Support $13.60 Resistance $14.74/$15.30 gap to $16.50. This could very easily hit $25-30 EoY👀🔥🚀💎 $JMIA - 4hdaily OVERBOUGHT. Huge cup and handle. I expect a pull back before re-entering. Earnings Nov 12th⭐ Amazon of Europe and Africa! Support $10.20/$12.13 Resistance $15.67. Huge gap to $17/$20 to fill👀🔥🚀⚠️💎 $MGM - One of my classic picks has RETURNED! Earnings Oct 29th⭐.⭐GOLDEN CROSS on 4hr and DAILY TODAY⭐4hr MACD 🐮VERY strong support $18.08/$20.54. Resistance $21.71/$21.92/$22.25. I suspect this will be the last earning to have worry about. 1h4hr HAMMER DOJI🔨This should EASILY be $30-40 in the next 3-5years with the expanding to Japan + BETMGM👀🔥🚀💎 $ACI - ⭐ Declared they will providing a dividend. Also won a bid for new locations. Earnings Oct 20th.⭐ I suspect a blowout. This should be a SOLID long term growth hold!🔥🚀 $PLUG - Alt energy is a thing of the future! Dont expect the lowest level support to he broken. 4hr RSI approaching Oversold ! Daily MACD 🐻Support $15.70/ $16.43[Load zone][LONG]🔥🚀👀💎 $MCAC - [SPAC] ⭐PLAYBOY⭐ is going public through them. Sherly off the name.🔥💎🚀 $CLSK - Just like PLUG the uptrend is insane. ⭐ 4hr GOLDEN CROSS ⭐Almost NO DEBT! Support $7.98/$9.55. This should gap back to $10.91+ when the offering closes. ☠SABBY IS IN THIS STOCK☠👀🔥🚀 $PLAY - I'm bullish as a bull can be for next Q earnings! Support $13.86/ $14.55 /$15.90. Breaks $16.33 it flys⭐4hr GOLDEN CROSS coming⭐Daily MACD BREACHING 🐮HUGE Gap up potential to $19/$20. I'd put money on earnings being beaten December🔥 $SPAQ - [SPAC]Cup and handle. Handle looks finished⭐MERGER VOTE END OF OCT⭐4hr GOLDEN CROSS⭐RSI Approaching Oversold! see $25 EoY. Support $11.90/ $12.99 Resistances $15/ $15.55/ $16.05. Fisker is a PR machine.🔥🚀👀💎 🤑Notable Earnings🤑 OCTOBER $TUP Estimated 20th📈[Calls] $LOGI Estimated 20th📉[Puts] $LRN - 20th PM/AH?📈[Calls]⭐ $TXN - 20th PM/AH?📈[Calls] $SNAP - 20th PM📉[Puts or Strangle] $HOG - 20th PM⁉️ $NEE - 20th PM 📉[Puts] $LMT - 20th PM📉[Puts] $RTX - 20th PM📈[Calls] $SKX - 20th AH 📉[Puts or Strangle] $NFLX - 20th AH📈[Puts]⭐ $SIX - 20th PM/AH?📈[Calls or Strangles] $BA - 21st PM📈[Calls]⭐ $SAVE - 21st PM/AH?📈[Calls] $ORLY - 21st PM/AH?📈[Calls] $MSFT - 21st AH📈[Calls] $EBAY - 21st AH📉[Puts or Strangles] $CMG 21st AH📈[Calls or Strangles] $KO Estimated 21st📈[Calls]⭐ $AAL - 22nd PM📈[Calls or Strangles]⭐ $T - 22nd PM📈[Calls] $INTC 22nd AH📈[Calls]⭐ 🔥🚀🌾Gold/Silver🌾🚀🔥 $AGC - 2x silver. Aka silver -1% AGC -2%. This is a day or swing trade. Depreciates $SLV - Long term silver hold $JNUG - 2x Gold. Same as AGC but for gold $NUGT/$GLD - Long term gold holds 🔮BET AGAINST THE MARKET🔮 $SPXS - 3X Inverse of SPY [The overall market] Spy +1% SPXS -3%. Spy -3% SPXS +9% [top 500 companies]🐻🐻 $SQQQ - Same as SPXS except top 100 companies🐻🐻 $VXX - Fear index/Volatility Index. This goes up with market feaunsurity. USUALLY inverses $SPY ⚖UPCOMING FDA INFO⚖ $SPPI - Oct 24th $KALA - Oct 30th $MRK - Oct 30th $SUPN - Nov 8th ⭐ $ADMP - Nov 15th⭐ $ALKS - Nov 15th $MYL - Nov 16th $EIGR - Nov 20th $LQDA - Nov 24th 🙏 None of this would be possible without the love and support of you guys! I appreciate each and EVERYONE of you! This group will ALWAYS remain free but if you'd like to donate for my work here ya go. Donations do help an exponential amount but are not require!💚[If you do PLEASE let me know in case I miss it and so I can THANK YOU! 🙏 ❤🖤💙💚🤎💛🧡💜🤍 My Links: ⭐Cashapp: $Hamstackz⭐ ⭐Venmo: $JDH3703⭐ ⭐paypal.me/PhillyDiamondhands⭐ Thanks you once again. I couldn't do this without EVERY single one of yours constant support
Alright guys, Ive been working on this for a while and a post on here by a guy describing his portfolio here was the final kick in the ass for me to put this together. I started writing this to summarize what Im doing for my friends who are beginners, and also for me to make some sense of it for myself Hopefully parts of it are useful to you, and also ideally you guys can point out errors or have a suggestion or two. I'm posting this here as opposed to investing or canadianinvestor (blech) because they're just gonna tell me to buy an index fund. This first section is a preamble describing the Canadian tax situation and why Im doing things the way that I am. Feel free to skip it if you dont care about that. Also, there might be mistake regarding what the laws are here so dont take my word for it and verify it for yourself please. So here in Canada we have two types of registered accounts (theres actually more but whatver). There is the TFSA "Tax Free Savings Account", and RRSP "Registered Retirement Savings Account" For the sake of simplicity, from the time you turn 18 you are allowed to deposit 5k (it changes year to year based on inflation etc)in each of them. That "room" accumulates retroactively, so if you haventdone anything and are starting today and you are 30 you have around 60k you can put in each of them. The prevailing wisdom is that you should max out the TFSA first and you'll see why in a minute. TFSA is post tax deposits, with no capital gains or other taxes applied to selling your securities, dividends or anything else. You can withdraw your gains at any time, and the amount that you withdraw is added to the "room" you have for the next year. So lets say I maxed out my TFSA contributions and I take out 20k today, on January of next year I can put back in 20k plus the 5 or whatever they allow for that year. You can see how powerful this is. Theres a few limitations on what is eligable to be held in the TFSA such as bitcoin/bitcoin ETFs, overseas stocks that arent listed on NYSE, TSX, london and a few others. You can Buy to Open and Sell to Close call and put options as well as write Covered Calls. The RRSP is pre-tax deposits and is a tax deferred scheme. You deposit to lower your income tax burden (and hopefully drop below a bracket) but once you retire you will be taxed on anything you pull out. Withdrawing early has huge penalties and isnt recommended. You are however allowed to borrow against it for a down payment as a first time home buyer. The strategy with these is that a youngperson entering the workforce is likely to be in a fairly low tax bracket and (hopefully) earns more money as they get older and more skilled so the RRSP has more value the greater your pre-taxincome is. You can also do this Self Directed. Its not relevant to this strategy but I included it for the sake of context. Non registered accounts ( or any other situation, such as selling commercial real estate etc) is subject to a capital gains tax. In so far as I understand it, you add all your gains and losses up at the end of the year. If its a positive number, you cut that number IN HALF and add it to your regular pre-tax income. So if I made 60k from the dayjob and 20k on my margin account that adds up to 70k that I get taxed on. if its a loss, you carry that forward into the next year. Theres no distinction between long term and short term. Also physical PMs are treated differently and I'll fill that part in later once I have the details down. The reason why all that babble is important is that my broker Questrade, which isnt as good as IB (the only real other option up here as far as Im aware) has one amazing feature that no other broker has: "Margin Power" If you have a TFSA and a Margin account with them, you can link them together and have your securities in the TFSA collateralise your Margin account. Essentially, when it comes to the Maintenance Excess of the Margin Account QT doesnt care if its in the TFSA *or* the Margin! You can see how powerful this is. ------------------------------------------------------------------------------------------------------------------------------------------------ So as you can tell by the title, a lot of this is heavily inspired by Chris Cole's paper "The Allegory of the Hawk and the Serpent". You can read it here: https://www.artemiscm.com/welcome#research Between it, his interviews and my mediocre options skills at the time my mind was blown. Unfortunately I didnt know how to do the Long Volatility part until after the crash in March but I've since then had nothing but time to scour the internet and learn as much as I could. The way I interpret this isnt necessarily "what you should have right now", but what abstracted model they were able to backtest that gave them the best performance over the 90 years. Also, a lot of my portfolio I already had before I started trying to build this. As such my allocations dont match the proportions he gave. Not saying my allocations are better, just showing where they are at this time. I'm going to describe how I do Long Volatility at the end rather than the beginning since the way *I* do it wont make sense until you see the rest of the portflio. Physical PMs 22% I'm not sure wether he intended this to be straight up physical gold or include miners and royalty streaming companies so I will just keep this as physical. I consider Silver to be a non-expiring call option on gold, so that can live here too. I am actually *very* overweight silver and my strategy is to convert a large portion of it to gold (mostly my bars) to gold as the ratio tightens up. If youre into crypto, you can arguably say that has a place in this section. If an ETF makes sense for part of your portfolio, I suggest the Sprott ones such as PHYS. Sprott is an honest business and they actually have the metal they say they have. If you have enough, you can redeem your shares from the Royal Canadian Mint. The only downside is that they dont have an options chain, so you cant sell covered calls etc. Simple enough I suppose. One thing to bear in mind, there is a double edged sword with this class of assets. They're out of the system, theyre nobody's business but your own and theres no counter party. That unfortunately means that you cant lever against it for margin or sell covered calls etc. You can still buy puts though (more on that later) Commodity Trend (CTA) 10% https://youtu.be/tac8sWPZW0w Patrick Ceresna gave a good presentation on what this strategy is. Until I watched this video I just thought it meant "buy commodities". A real CTA does this with futures also so aside from the way he showed, there are two other ETFs that are worth looking at. COM - This is an explicit trend following ETF that follows a LONG/FLAT strategy instead of LONG/SHORT on a pile of commodity futures. So if they get a "sell" signal for oil or soybeans they sell what they have and go to cash. COMT- Holds an assortment of different month futures in different commodities, as well as a *lot* of various related shares in producers. Its almost a one stop shop commodities portfolio. Pays a respectable dividend in December If you want to break the "rules" of CTA, and include equities theres a few others that are also worth looking at KOL- This is a coal ETF. The problems with it are that a lot of the holdings dont have much to do with coal. One of them is a tractor company. A lot of the companies are Chinese so theres a bit of a red flag. Obviously Thermal Coal, the kind used for heating and powerplants isnt in vogue and wont be moving forward...but coking coal is used for steel manufacturing and that ain't going anywhere. The dividend is huge, pays out in December. A very very small position might be worth the risk. Uranium- I'm in URA because thats the only way for me to get exposure to Kazatoprom (#1 producer), which is 20% of the holdings. The other 20% is Cameco (#2 producer)and then its random stuff. Other than that I have shares in Denison which seems like its a good business with some interesting projects underway. I'm still studying the uranium space so I dont really have much to say about it of any value. RSX- Russia large caps. If you dont want to pick between the myriad of undervalued, high dividend paying commodity companies that Russia has then just grab this. It only pays in December but it has a liquid options chain so you can do Covered Calls in the meantime if you want. NTR- Nutrien, canadian company that was formed when two others merged. They are now the worlds largest potash producer. Pretty good dividend. They have some financial difficulties and the stocks been in a downtrend forever. I feel its a good candidate to watch or sell some puts on. I'm trying to come up with a way to play agriculture since this new phase we're going to be entering is likely to cause huge food shortages. EURN and NAT- I got in fairly early on the Tanker hype before it was even hype as a way to short oil but I got greedy and lost a lot of my gains. I pared down my position and I'm staying for the dividend. If you get an oil sell signal, this might be a way to play that still. Fixed Income/Bonds 10% Now, I am not a bond expert but unless youre doing some wacky spreads with futures or whatever... I dont see much reason to buy government debt any more. If you are, youre basically betting that they take rates negative. Raoul Pal of Real Vision is pretty firm in his conviction that this will happen. I know better than to argue with him but I dont see risk/reward as being of much value. HOWEVER, I found two interesting ETFs that seem to bring something to this portfolio IVOL- This is run by Nancy Davis, and is comprised of TIPS bonds which are nominally inflation protected (doubt its real inflation but whatever) overlayed with some OTC options that are designed to pay off big if the Fed loses control of the long end of the yield curve, which is what might happen during a real inflation situation. Pays out a decent yield monthly TAIL- This is a simpler portfolio of 10yr treasuries with ladder of puts on the SPX. Pays quarterly. Equities 58% (shared with options/volatility below) This is where it gets interesting, obviously most of this is in mining shares but before I get to those I found some interesting stuff that I'm intending to build up as I pare down my miners when the time comes to start doing that. VIRT- I cant remember where I saw this, but people were talking about this as a volatility play. Its not perfect, but look at the chart compared to SPY. Its a HFT/market making operation, the wackier things get the more pennies they can scalp. A 4% dividend isnt shabby either. FUND- This is an interesting closed end fund run by Whitney George, one of the principals at Sprott. He took it with him when he joined the company. Ive read his reports and interviews and I really like his approach to value and investing. He's kind of like if Warren Buffett was a gold bug. Theres 120 holdings in there, mostly small caps and very diverse...chicken factories, ball bearings all kinds of boring ass shit that nobody knows exists. Whats crucial is that most of it "needs to exist". Between him, his family and other people at Sprott they control 40% or so of the shares, so they definitely have skin in the game. Generous dividend. ZIG- This is a "deep value" strategy fund, run by Tobias Carlisle. He has a fairly simple valuation formula called the Acquirer's Multiple that when he backtested it, is supposed to perform very well. He did an interview with Chris Cole on real Vision where he discusses how Value and Deep Value havent done well recently, but over the last 100 years have proven to be very viable strategies. If we feel that theres a new cycle brewing, then this strategy may work again moving forward. I want to pause and point out something here, Chris Cole, Nassim Taleb and the guys at Mutiny Fund spend a lot of effort explaining that building a portfolio is a lot like putting together a good basketall team. They need to work together, and pick up each others slack A lot of the ETFs I'm listing here are in many ways portfolios in and of themselves and are *actively managed*. I specifically chose them because they follow a methodology that I respect but I can't do myself because I dont have the skill, temperament or access to. The next one is a hidden gem and ties into this. I'm not sure how much more upside there is in this one but man was I surprised. SII- Sprott Inc. I *never* see people listing this stock in their PMs portfolios. A newsletter I'm subscribed to described this stock as the safest way to play junior miners. Their industry presence, intellectual capital and connections means that they get *the best* private placement deals in the best opportunities. I cant compete with a staff like theirs and I'm not going to try. I bought this at 2.50, and I liked the dividend. Since then they did a reverse split to get on the NYSE and like the day after the stock soared. When it comes to mining ETFS I like GOAU and SILJ the best. None of their major holdings are dead weight companies that are only there because of market cap. I dont want Barrick in my portfolio etc. SGDJ is a neat version of GDXJ. Aside from that my individual miners/royalty companies are (no particular order) MMX SAND PAAS PGM AUM AG MUX RIO- Rio2 on the tsx, not rio tinto KTN KL Options/Volatility: varies So this is where we get to the part about options, Volatility and how I do it. I started out in the options space with The Wheel strategy and the Tastytrade approach of selling premium. The spreads and puts I sell, are on shares listed above, in fact some of those I dont hold anymore. Theres tons of stuff on this in thetagang and options so I wont go into a whole bunch (and you shouldnt be learning the mechanics from me anyway) but theres one thing I want to go over before it gets wild. If I sell a Cash Secured Put, from a risk management perspective its identical to just buying 100 shares of the underlying security. You are equally "Short Vol" as well, it just that with options its a little more explicit with the Greeks and everything. But if I use my margin that I was talking about earlier, then I can still collect the premium and the interest doesnt kick in unless Im actually assigned the shares. But if I sell too many puts on KL or AG, and something happens where the miners get cut down (and lets be real, they all move together) my margin goes down and then I get assigned and kaboom...my account gets blown up So what I need to do, is balance out the huge Short Vol situation in my portfolio, be net Long Vol and directly hedge my positions. Since the overwhelming majority of my equities are all tied to bullion this is actually a very easy thing to do. Backspreads https://youtu.be/pvX5_rkm5x0 https://youtu.be/-jTvWOGVsK8 https://youtu.be/muYjjm934iY So I set this up so the vast majority of my margin is tied up in these 1-2 or even 1-3 ratio put spreads that *I actually put on for a small credit*, and roll them every once in a while. I run them on SLV, and GDX. I keep enough room on my margin so I can withstand a 10% drawdown before it sets off the long end of the spreads and then I can ride it out until it turns around and we keep the PM bull market going. Theres another cool spread I've been using, which is a modified Jade Lizard; if already hold shares, I'll sell a put, sell a covered call, and use some of the premium to buy a longer dated call. Ive been running this on AG mostly. I have a few more spreads I can show you but Im tired now so it'll have to wait for later. As I said multiple times, I do intend to trim these miners later but now isnt the time for that IMO. I'm also monitoring this almost full time since I have an injury and have nothing better to do until I heal :p
https://federationofglobalmerchants.com/2020/08/14/gold-and-silver-where-do-they-go-from-here/ Investors know by now that one of the leading indicators of an unstable and unpredictable stock market is a surge in the price of precious metals like gold and silver. In February, amidst the COVID-19 pandemic, the markets officially entered a recession, even though just months later several of the major indices have reached all-time highs. It was a brief dip into recessionary territory, but this sort of volatility is what gives investors hesitation in putting their money into the stock market, rather than something that is perceived to be more stable. Gold future contracts are selling well above $2000 per ounce for the rest of 2020 and well into 2021 as well showing that investors are confident that gold will continue to rise in price. Silver is also surging reaching new all-time highs on a daily basis. So investors may be curious as to how to get into this red-hot market, especially as the markets continue to fluctuate. Gold: For centuries now gold has been literally the ‘gold-standard’ of currency and wealth. Dating back all the way to around 40,000 B.C. in Spanish caves, gold is a naturally occurring element that has both fascinated and lured people for as long as barter systems and wealth has been recorded. Currently, gold is enjoying its highest valuations in history as investors flock to the stability of the precious metal through various streams. So what is the allure of gold and why is it so stable? Warren Buffett once said, “Gold is a way of going long on fear.” That is quite a statement from perhaps the greatest investment mind of our generation. But what does this mean for the novice investor? Even the most successful blue-chip stocks can crash. Obviously the more prominent and profitable companies with mega market caps will not crash as easily as smaller companies, but given the volatility of the pandemic, we can see anything happen. But as stock markets fluctuate on a daily basis, the price of gold remains mostly stoic. Not as manipulatable as stock prices, gold is as steady as it gets for investors. What makes gold so stable? It is a combination of factors, first and foremost, it is a physical and tangible element which makes it possible for people to store and stockpile. It does not corrode or wear down over time, making it durable and ensuring that the value remains. There is also a finite supply of it in the world. This reinforces that it will always keep a certain level of valuation as the supply is kept in check. Today, as the Federal Reserve tries desperately to pump money into the American economy to stave off a global recession and keep companies afloat. Printing more American dollars helps in the interim, but it is a temporary band-aid for the bigger problem. As more of the dollar gets created the more it gets devalued as a form of currency. This is another reason why gold is skyrocketing. The two valuations always work inversely to each other, so as the greenback continues to plummet, the price of gold will continue to surge which makes perfect sense if one thinks about it. The value of gold is priced in American dollars per ounce, so if the value of an American dollar retreats, the cost of gold will rise in response. So how can investors take advantage of the current state of gold? In the age of internet investing, there are plenty of ways to invest in gold or anything in that matter. Most American platforms give inventors the ability to buy fractional shares of companies. While this comes in handy for expensive stocks like Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOGL), or Tesla (NASDAQ:TSLA), it also allows investors to diversify their funds across multiple companies to form a basket approach to an industry. There are also plenty of ETFs or Exchange Traded Funds, available for investors to consider. These funds have the diversification of a mutual fund or index fund, but trade like individual stocks. Here’s a few of the better gold ETFs to consider if you are looking to get into the industry:
IAU – iShares Gold Trust: One of the better known gold ETFs out there, iSHARES is a reputable brand with great overall market performance. The fund has returned over 17% to inventors already this year, and with the price of gold projected to continue to rise, this fund should keep delivering for investors into next year.
DGL – Invesco DB Gold Fund: Another well known and reputable ETF, the Invesco Gold Fund has slightly higher fees than iSHARES but has also had a slightly better return so far this year.
IAUF – iShares Gold Strategy ETF: Another iSHARES ETF, this one has parts of IAU, as well as gold futures contracts, to get a long term forecast of the price of gold so the investor gets exposure to a wider range of gold options.
There are dozens of other ETFs available for investors that cover everything from miners to the finished products. Mining company stocks are another great way to get exposure. As the demand for gold increases, these mining companies should see a rise in their revenues and eventually, their profits as well. These changes will be reflected in their stock prices and we have already seen some of this already this year.
ABX – Barrick Gold: One of the largest gold mining companies in the world, this Canadian company has seen healthy gains in their stock price so far in 2020. Over the last 52 weeks, Barrick investors have enjoyed a 131% increase in stock price. With mining projects ongoing in Canada, America, Australia, South America, and Africa, Barrick has already announced that it is on track to achieve guidance this year despite closures from COVID-19.
FNV – Franco-Nevada Gold: This stock price rose almost 15% in July alone. Franco-Nevada operates as a funding company to gold mining companies, rather than actually doing the mining themselves. Sustainalytics, a guidance and analysis company, rated Franco-Nevada number one amongst 104 precious metal companies.
NEM – Newmont Goldcorp: The largest gold stock by market-cap and the only stock to trade on the S&P 500, Newmont is probably the safest company for gold investors to invest in. On top of steady returns and low volatility in the stock price, the company pays a fairly healthy dividend as well.
With gold at all-time highs, we can begin to question how high the precious metal may go. With a second wave of the coronavirus making its way around some parts of the world, and America, still making its way through their initial wave, the uncertainty that exists in today’s markets may continue into 2021. Some Wall Street analysts have forecast gold to rise as high as $10,000 per ounce, but that seems like a little ambitious. Gold has just recently hit all-time highs at $2000 per ounce and to imagine that it can run up another 500% in the next few years seems far-fetched at this point in time. That would require the markets to enter an extended bear-market, which of course is possible after a decade of a bullish run, but it would also require the American dollar to continue to be further devalued. Gold is pegged to continue to rise for the rest of this year though and well into 2021. That means investors and analysts are foreseeing a further devaluation of the American greenback as well as continued volatility in the markets and economy. Is gold a safe haven? Some people believe it is, but if you are an investor that enjoys high returns over long periods of time, investing in precious metals may not be for you. Investors love the stability of gold but the returns are never astronomical, with the last few months being an exception. It helps to have a portion of your portfolio dedicated to precious metals to diversify and protect you from any sudden market corrections, but investors should not be looking at gold as a short-term way to get wealthy. Silver: The other precious metal that has been flying sky-high of recent months is silver, the eternal younger brother to gold. Mined from silver-ore, it is a highly malleable metal that was once valued higher than gold by the Ancient Egyptians. Today, it is relatively low in price per ounce compared to gold, reaching all-time highs recently of just under $30 per ounce. Silver is another stable alternative to gold, and at lower prices, it may be a little more affordable for the novice investor to jump into. Like with gold, silver has an inverse relationship to the American dollar, and to all currencies in general. Again, this is another reason why silver is hitting all-time highs right now, with silver future contracts predicting a steady rise to mirror gold, well into 2021. There is also something that Wall Street calls the gold silver ratio, which is exactly what it sounds like: the ratio of the price of gold per ounce to the price of silver per ounce. This ratio has historically moved together, which makes logical sense if both precious metals are independently moving inverse to paper currencies. Historically, the gold and silver prices do move together though as the general ratio has been in the range of 17:1 to 20:1. Silver also has numerous ways for investors to get involved in, including silver mining and production companies, as well as the ever popular silver ETFs. These Exchange Traded Funds have gained popularity amongst retail investors in recent years as a way of purchasing a diversified product as a single equity with low costs, and no trading fees if your platform allows it. Here are a few of the better performing silver ETFs that investors can look into adding to their portfolios if they are interested in the precious metal:
SLV – iShares Silver Trust: Probably one of the better known silver ETFs, this is fully backed by silver bullion and coins held in a vault. While usually fairly steady, this ETF has enjoyed a 52-week increase of 152% with much of that coming in the last few months.
SIVR – Aberdeen Standard Physical Silver Shares ETF: Very similar to SLV but with lower fees, this is an ideal fund for novice and experienced investors to get into as they start to diversify their portfolios.
DBS – Invesco DB Silver Fund: Again another stable ETF for investors to get into, and another good performing one as well. Just as with their gold ETF, Invsco focuses on silver futures contracts for this fund, so it is a nice long-term play if investors are bullish on silver.
Just as with gold, investors can get a slice of the silver pie by buying shares of silver mining companies as well. Here are a few of the top silver mining company stocks that investors can look into adding to their portfolios.
PAAS – Pan American Silver Corp.: This Canada based miner is focussed on the exploration, development, extraction, refining, processing, and reclamation of silver. They operate mines in Peru, Mexico, Bolivia, and are developing more as well for the future.
WPM – Wheaton Precious Metals: Another Canadian based company that deals with miners of gold, silver, palladium, and cobalt. Wheaton is not a direct miner, rather they purchase these precious metals from other mining companies.
AG – First Majestic Silver Corp.: Canadian companies seem to be dominating the silver industry, and First Majestic is another of those. This company focuses mainly in Mexico for gold and silver.
Silver may never be as popular as gold for investors to keep track of but the two precious metals move in a synchronized fashion, and both are looked upon by investors as safe havens for their money when the market is in flux. The rest of 2020 seems like a wildcard right now, with many analysts expecting a further correction to the markets at any point. There seems to be an inevitability to a market crash of some sort, whether it is as big as the one that happened back in February and March, remains to be seen. Investors are looking at the precious metal industry to hold their funds to wait out any sort of correction or crash. If this does happen, we may expect a pullback in precious metals too as investors selloff to get back into some stocks at their low levels. Such is the ebb and flow of the economy during turbulent times like the current one we are in. At the same time, what if a market correction does not happen? Will the uncertainty continue or will investors feel relatively secure in the way the markets are progressing? This could cause a reduction in the demand for silver and gold, culminating in lower prices in the future. Of course this also depends on the Federal Reserve diminishing their rate of printing paper currency to bailout the economy, which does not seem like a reality in the short-term at least. Another point of contention for investors is the ongoing economical and political tensions between China and America. The two world powers have been feuding for the past couple of months over various things, but it escalated as China social media app Tik Tok gained popularity in North America. It was alleged that TikTok was sending data and information from mobile phones back to China, though nobody is sure of their intended use of this data. Regardless, the markets have stumbled several times lately because of this. Both sides have threatened economic sanctions and the banning of certain product use in each country. The prices of silver and gold have shot up as the tensions have escalated between the two governments, as investors flock to the precious metals. Many of the biggest companies on the major stock indices rely on China for materials or production, so any sort of breakdown in supply chains could cause an enormous change to their stock prices. An example of this is a sudden 5% correction in the price of Apple (NASDAQ:AAPL), as it was thought that iPhone sales would decline if China’s chat platform WeChat was banned in America. There are other factors that may have an effect on gold and silver prices as well. In this modern economy, many of the retail investors have trended towards younger adults with a sudden influx of income. Popular platforms such as Robinhood combined with increased time at home during the quarantine, have caused retail investor usage to skyrocket during the pandemic. Many of these investors are more lured in by the shiny new objects of cryptocurrencies like Bitcoin. Perhaps we will start thinking of these cryptocurrencies as a modern day version of precious metals one day, as many investors and some analysts, believe that Bitcoin may be a safe haven in the future. Already, the price of Bitcoin has risen above $12,000 in August, mirroring the highs of gold and silver. If the demand for Bitcoin rises higher than the demand for precious metals, we may see an investor migration to cryptocurrencies rather than tangible metals. Conclusion: Gold and silver are staples of our global economy, and will continue to be so as long as the demand for precious metals exists. In times of uncertainty, gold and silver are viewed as safe relative to the volatility of the stock market. Sure, their prices can vary as well, but because they are tied to a less dynamic valuation that is based on an inverse relation to paper currency, their prices will not and can not fluctuate as much as the liquidity of individual stocks. As long as the world remains in flux, there will be a general feeling of instability, especially for global markets. A second wave of COVID-19 in the third or fourth quarter of 2020 could prove to be enough to push the markets over the edge and into another recession. The bull market has been rallying for over a decade now, with astronomical gains over the last few years, especially for sectors like the big tech FAANG stocks. Another factor to consider is what a Biden government could bring to the world if he is elected over President Donald Trump in October. A new government could ease some of the tensions with China, as well as within America itself. These are all big what ifs, and could all have potential impacts on the economy and the world. As long as all of these factors are up in the air, investors will be looking to gold and silver as ways of stabilizing their portfolios and protecting their finances from a potential market crash in the future.
Bitcoin 11 Years - Achievements, Lies, and Bullshit Claims So Far - Tooootally NOT a SCAM !!!!
That's right folks, it's that time again for the annual review of how Bitcoin is going: all of those claims, predictions, promises .... how many have turned out to be true, and how many are completely bogus ??? Please post / link this on Bitcoin (I am banned there for speaking the truth, so I cannot do it) ... because it'a way past time those poor clueless mushrooms were exposed to the truth. Anyway, without further ado, I give you the Bitcoin's Achievements, Lies, and Bullshit Claims So Far ... . Bitcoin Achievements so far:
It has spawned a cesspool of scams (2000+ shit coin scams, plus 100's of other scams, frauds, cons).
Many 1,000's of hacks, thefts, losses.
Illegal Use Cases: illegal drugs, illegal weapons, tax fraud, money laundering, sex trafficking, child pornography, hit men / murder-for-hire, ransomware, blackmail, extortion, and various other kinds of fraud and illicit activity.
Legal Use Cases: Steam Games, Reddit, Expedia, Stripe, Starbucks, 1000's of merchants, cryptocurrency conferences, Ummm ????? The few merchants who "accept Bitcoin" immediately convert it into FIAT after the sale, or require you to sell your coins to BitPay or Coinbase for real money, and will then take that money. Some of the few who actually accept bitcoin haven't seen a customer who needed to pay with bitcoin for the last six months, and their cashiers no longer know how to handle that.
Contributing significantly to Global Warming.
Wastes vasts amounts of electricity on useless, do nothing work.
Exponentially raises electricity prices when big miners move into regions where electricity was cheap.
It’s the first "currency" that is not self-sustainable. It operates at a net loss, and requires continuous outside capital to replace the capital removed by miners to pay their costs. It’s literally a "black hole currency."
It created a new way for people living too far from Vegas to gamble all their life savings away.
Spawned "blockchain technology", a powerful technique that lets incompetent programmers who know almost nothing about databases, finance, programming, or blockchain scam millions out of gullible VC investors, banks, and governments.
Increased China's foreign trade balance by a couple billion dollars per year.
Helped the FBI and other law enforcement agents easily track down hundreds of drug traffickers and drug users.
Wasted thousands if not millions of man-hours of government employees and legislators, in mostly fruitless attempts to understand, legitimize, and regulate the "phenomenon", and to investigate and prosecute its scams.
Rekindled the hopes of anarcho-capitalists and libertarians for a global economic collapse, that would finally bring forth their Mad Max "utopia".
Added another character to Unicode (no, no, not the "poo" 💩 character ... that was my first guess as well 🤣)
Provides an easy way for malware and ransomware criminals to ply their trade and extort hospitals, schools, local councils, businesses, utilities, as well as the general population.
~~Bitcoin is "striking fear into the hearts of bankers, precisely because Bitcoin eliminates the need for banks. ~~, Mark Yusko, billionaire investor and Founder of Morgan Creek Capital, https://www.bitcoinprice.com/predictions/
"A bitcoin miner in every device and in every hand."
"All the indicators are pointing to a huge year and bigger than anything we have seen before."
"Bitcoin is communism and democracy working hand in hand."
"Bitcoin is freedom, and we will soon be free."
"Bitcoin isn't calculated risk, you're right. It's downright and painfully obvious that it will consume global finance."
"Bitcoin most disruptive technology of last 500 years"
"Bitcoin: So easy, your grandma can use it!"
"Creating a 4th Branch of Government - Bitcoin"
"Future generations will cry laughing reading all the negativity and insanity vomited by these permabears."
"Future us will thank us."
"Give Bitcoin two years"
"HODLING is more like being a dutiful guardian of the most powerful economic force this planet has ever seen and getting to have a say about how that force is unleashed."
"Cut out the middleman"
"full control of your own assets"
"reduction in wealth gap"
"cannot print money out of thin air"
"Why that matters? Because blockchain not only cheaper for them, it'll be cheaper for you and everyone as well."
"If you are in this to get rich in Fiat then no. But if you are in this to protect your wealth once the current monetary system collapse then you are protected and you'll be the new rich."
"Theres the 1% and then theres the 99%. You want to be with the rest thats fine. Being different and brave is far more rewarding. No matter your background or education."
"NO COINERS will believe anything they are fed by fake news and paid media."
"I know that feeling (like people looking at you as in seeing a celebrity and then asking things they don't believe until their impressed)."
"I literally walk round everyday looking at other people wondering why they even bother to live if they don't have Bitcoin in their lives."
"I think bitcoin may very well be the best form of money we’ve ever seen in the history of civilization."
"I think Bitcoin will do for mankind what the sun did for life on earth."
"I think the constant scams and illegal activities only show the viability of bitcoin."
"I think we're sitting on the verge of exponential interest in the currency."
"I'm not using hyperbole when I say Satoshi found the elusive key to World Peace."
"If Jesus ever comes back you know he's gonna be using Bitcoin"
"If this idea was implemented with The Blockchain™, it would be completely flawless! Flawless I tell you!"
"If you're the minimum wage guy type, now is a great time to skip food and go full ramadan in order to buy bitcoin instead."
"In a world slipping more and more into chaos and uncertainty, Bitcoin seems to me like the last solid rock defeating all the attacks."
"In this moment, I am euphoric. Not because of any filthy statist's blessing, but because I am enlightened by own intelligence."
"Is Bitcoin at this point, with all the potential that opens up, the most undervalued asset ever?"
"It won't be long until bitcoin is an everyday household term."
"It's the USD that is volatile. Bitcoin is the real neutral currency."
"Just like the early Internet!"
"Just like the Trojan Horse of old, Bitcoin will reveal its full power and nature"
"Ladies if your man doesnt have some bitcoin then he cant handle anything and has no danger sex appeal. He isnt edgy"
"let me be the first to say if you dont have bitcoin you are a pussy and cant really purchase anything worldwide. You have no global reach"
"My conclusion is that I see this a a very good thing for bitcoin and for users"
"No one would do such a thing; it'd be against their self interests."
"Ooh lala, good job on bashing Bitcoin. How to disrespect a great innovation."
"Realistically I think Bitcoin will replace the dollar in the next 10-15 years."
"Seperation of money and state -> states become obsolete -> world peace."
"Some striking similarities between Bitcoin and God"
"THANK YOU. Better for this child to be strangled in its crib as a true weapon for crypto-anarchists than for it to be wielded by toxic individuals who distort the technology and surrender it to government and corporate powers."
"The Blockchain is more encompassing than the internet and is the next phase in human evolution. To avoid its significance is complete ignorance."
"The bull run should begin any day now."
"The free market doesn't permit fraud and theft."
"The free market will clear away the bad actors."
"The only regulation we need is the blockchain."
"We are not your slaves! We are free bodies who will swallow you and puke you out in disgust. Welcome to liberty land or as that genius called it: Bitcoin."
"We do not need the bankers for Satoshi is our saviour!"
"We have never seen something so perfect"
"We must bring freedom and crypto to the masses, to the common man who does not know how to fight for himself."
"We verified that against the blockchain."
"we will see a Rennaisnce over the next few decades, all thanks to Bitcoin."
"Well, since 2006, there has been a infinite% increase in price, so..."
"What doesn't kill cryptocurrency makes it stronger."
"When Bitcoin awake in normally people (real people) ... you will have this result : No War. No Tax. No QE. No Bank."
"When I see news that the price of bitcoin has tanked (and thus the market, more or less) I actually, for-real, have the gut reaction "oh that’s cool, I’ll be buying cheap this week". I never knew I could be so rational."
"Where is your sense of adventure? Bitcoin is the future. Set aside your fears and leave easier at the doorstep."
"Yes Bitcoin will cause the greatest redistribution of wealth this planet has ever seen. FACT from the future."
"You are the true Bitcoin pioneers and with your help we have imprinted Bitcoin in the Canadian conscience."
"You ever try LSD? Perhaps it would help you break free from the box of state-formed thinking you have limited yourself..."
"Your phone or refrigerator might be on the blockchain one day."
The banks can print money whenever they way, out of thin air, so why can't crypto do the same ???
Central Banks can print money whenever they way, out of thin air, without any consequences or accounting, so why can't crypto do the same ???
It's impossible to hide illegal, unsavory material on the blockchain
It's impossible to hide child pornography on the blockchain
All Bitccoins are the same, 100% identical, one Bitcoin cannot be distinguished from any other Bitcoin.
The price of Bitcoin can only go up because of scarcity / 21 million coin limit. (Bitcoin is open source, anyone can create thir own copy, and there are more than 2,000+ Bitcoin copies / clones out there already).
immune to government regulation
"a world-changing technology"
"a long-term store of value, like gold or silver"
"To Complex to Be Audited."
"Old Auditing rules do not apply to Blockchain."
"Old Auditing rules do not apply to Cryptocurrency."
Bitcoin now at $16,600.00. Those of you in the old school who believe this is a bubble simply have not understood the new mathematics of the Blockchain, or you did not cared enough to try. Bubbles are mathematically impossible in this new paradigm. So are corrections and all else", John McAfee, 7 Dec 2017 @ 5:09 PM,https://mobile.twitter.com/officialmcafee/status/938938539282190337
2013-11-27: ""What is a Citadel?" you might wonder. Well, by the time Bitcoin became worth 1,000 dollar [27-Nov-2013], services began to emerge for the "Bitcoin rich" to protect themselves as well as their wealth. It started with expensive safes, then began to include bodyguards, and today, "earlies" (our term for early adapters), as well as those rich whose wealth survived the "transition" live in isolated gated cities called Citadels, where most work is automated. Most such Citadels are born out of the fortification used to protect places where Bitcoin mining machines are located. The company known as ASICminer to you is known to me as a city where Mr. Friedman rules as a king.", u/Luka_Magnotta, aka time traveler from the future, 31-Aug-2013, https://www.reddit.com/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/
2018-12: Listen up you giggling cunts... who wants some?...you? you want some?...huh? Do ya? Here's the deal you fuckin Nerds - Butts are gonna be at30 grandor more by next Christmas  - If they aren't I will publicly administer an electronic dick sucking to every shill on this site and disappear forever - Until then, no more bans or shadow bans - Do we have a deal? If Butts are over 50 grand me and Lammy get to be mods. Deal? Your ole pal - "Skully"u/10GDeathBoner, 3-Feb-2018 https://www.reddit.com/Buttcoin/comments/7ut1ut/listen_up_you_giggling_cunts_who_wants_someyou/
2018-12: "Bitcoin could be at$40,000by the end of 2018, it really easily could", Mike Novogratz, a former Goldman Sachs Group Inc. partner, ex-hedge fund manager of the Fortress Investment Group and a longstanding advocate of cryptocurrency, 21-Sep-2018, https://www.youtube.com/watch?v=6lC1anDg2KU
2018-12: Bitcoin will end 2018 at the price point of$50,000, Ran Neuner, host of CNBC’s show Cryptotrader and the 28th most influential Blockchain insider according to Richtopia,https://www.bitcoinprice.com/predictions/
Dear Friends, Bitcoin halving took place and it was largely uneventful. Except a few large "whale dumps" and "bull pumps" which essentially evened out, the event felt kind of like crossing the singularity of a black hole. You don't feel it when you cross it, but the negative supply shock is irreversible, in both real and "cosmic" terms. With most cryptocurrencies tied to BTC as their primary trading pair, a slight rise in price levels has begun, with small caps (Bronze Index) being most pronounced. Here's the scoop for our three indices... Gold Index - After about 8 weeks of continuous gains, the large caps took a little break, with 1.2% decline which likely signals a short-term correction. The level of the current correction (corresponding to previous well-established resistance/support levels) suggests that we are consolidating for the time being, but the overall longer-term bull trend is as yet unbroken. Silver Index - Although the mid-caps managed to squeeze out a marginal (0.3%) gain for the week, they seem to be following the Gold Index in terms of the general trend. Given this observation, it is likely that we will see a short-term correction (and consolidation) right around the current level. The worst-case scenario is a new base formation right around $17 - just below the current level. After that, the long-term bull case is the most likely outcome. Bronze Index - Currently the small-caps appear to be in an upside breakout position. After 8+ weeks of continuous uptrend and reaching an all-time-high this week, the momentum seems to be pushing strongly to continued new highs. In a way of potential support levels (in case the rally fails) we now have a pretty well defined support right around $90-95, which will take a significant amount of downward pressure to break. Other EWMCI Developments: A new page with useful resources and tools for crypto enthusiasts established at "tools.ewmci.org". Over time, additional links will be added as per community suggestions. I am also pleased to announce that between our fiat-to-crypto bridges and allied exchanges, one does not need to rely on any other external resource to acquire EWMCI index constituent currencies. This is indeed a huge accomplishment and marks an important step toward the EWMCI Ecosystem becoming internally self-reliant and independent of third-party influences. As such, we are perfectly positioned to continue our mission of being a neutral arbiter of quality and value for cryptocurrency end-users. Big shout out to our EWMCI Strategic Partners, the "EWMCI 11," BexCrypto, Auscoi, Crypto Beast, CoinGecko, CoinPaprika, Magnum Wallet (our official multi wallet), MadCatMining, Fides Exchange, NLExch, TheCoin.pw, and Zapple.com. Your efforts, high quality of service, and dedication to transparency, honesty and most importantly crypto end-users are truly appreciated! Also, welcome FeatherLite (eBay crypto merchant) to the Alliance! Till next week! Stan / EWMCI.info Embrace DIY Crypto Index Investing - Your wallet, your keys, your control, your timing, your terms, your decisions!
The Next Recession May be Brutal: That’s a Net Positive for Gold and Bitcoin
Prominent gold bull Peter Schiff predicts that the next recession will be brutal, and owning gold or Bitcoin will be a net positive. The US economy is more robust than it has ever been. With a roaring stock market and decent consumer spending, talk of recession is minimal. However, certain aspects of this growth are cause for investors like Schiff to raise the alarm: “Today’s revisions to Q3 GDP confirm the U.S. economy is a bubble. GDP ‘growth’ is driven completely by excess consumer and government spending, as the real economy contracts. But such spending is a function of debt, much of which can’t be repaid. The coming bust will be brutal!” With the S&P 500 pushing record high after record high, stock market traders are as bullish as ever. Such sentiment could make the next crash particularly devastating. In the 2008 financial crash, stocks in a hallmark Wall Street firm, Bear Stearns, went from over $100 to $2 within a week. Investing in stocks can be great, but when it rains, it pours. Accurately predicting the next recession is often a hit-and-miss game even for the top analysts. Even those who predicted the financial crisis of 2008 couldn’t pinpoint with precision when it would begin. Regardless, this does not discredit anyone who tells investors to be cautious. The issues Schiff raises are pertinent to the macro-economic stability of the American and global economies. Even those who make the right predictions about an upcoming recession have no respite if they do nothing about it. Building a defensive portfolio is one way to absorb such shocks. In recent decades, gold has distinguished itself as the premier safe-haven asset.
Gold Prices During a Recession
Gold has historically performed well during times of financial uncertainty. Naturally, recessions are the extreme end of such turmoil, meaning that gold prices should peak. In the aftermath of the 2008 financial crisis, gold prices rose dramatically and peaked in 2011 at the height of quantitative easing measures from major central banks. If a brutal crisis such as Schiff predicts could happen comes to pass, gold prices should ease past the $2,000 mark. Gold has millennia of reputation and scarcity that makes it the perfect safe-haven asset in such a crisis. Therefore, investors see it as a valuable asset to hedge against recessions. If you are already in one, it can provide cover against further negative slides. This stability is why investors like Schiff advise that traders have anywhere between 10–30% weighting in gold. Whether split between physical gold and mining equities, gold-backed ETFs, or any other arrangement, gold has a track record of weathering the storm.
Bitcoin as a Store of Value Asset
Using the phrase ‘store of value’ for Bitcoin may sound like an oxymoron. After all, Bitcoin and cryptocurrencies are notorious for volatility in their few years of existence. In the 2018 calendar year, Bitcoin went from about $18,000 down to about $3,400 only to rebound to over $10,000 by mid-2019. However, one trait gives Bitcoin a silver lining: decentralization. Bitcoin is a decentralized, pseudonymous network that is independent of central bank control. Accordingly, Bitcoin has the eye of many investors who seek to diversify their holdings. So far, there is little evidence as to whether Bitcoin will trade like a safe-haven asset during a full-blown crisis. The fact that Bitcoin does not have a direct correlation to the mainstream is what drives interest. Bitcoin prices are purely market-driven as no one controls supply like regular fiat. Therefore, some speculate that in the event of a financial crisis, investors will flock to Bitcoin just like gold. Recent history suggests that temporary Bitcoin investors hold the coin for speculative purposes rather than a store of value. Will this change soon? It could be that investors allocate money to risky assets when they feel comfortable about investing generally. Therefore, there is a distinct possibility that investors could shy away from Bitcoin during times of economic turbulence. What will transpire during an actual recession is difficult to predict. Bitcoin may have insulation from mainstream stocks, but bearish sentiment can affect investor sentiment either way. You can have a situation where investors hedge Bitcoin more or avoid high-risk assets in general. It will take time before Bitcoin has the stability and reputation of gold. The maturity of crypto markets between now and when an actual recession hits is also a factor. Bitcoin can be a viable alternative to gold, but a lot of stars have to align.
Based on current economic and policy trends, gold is in the perfect position to have a net positive from a recession. Incredibly, even with the S&P 500 and other stock market indices up by a lot, gold has had a strong bull run in 2019. The macro-economic factors that have fueled gold prices include geopolitical tensions and low interest rates. All through 2020, these factors will still loom large. Gold enjoys a stability that Bitcoin holders can only dream of. Even in the rare event that an institution or person dumps a significant amount of gold in the market, the net price effect will not be as drastic as with other assets. Demand for gold is only getting stronger with the resilience it is showing. Central banks in emerging and struggling economies are adding rapidly to their gold holdings to hedge against currency slides. Accordingly, the likes of Russia, China, Kazakhstan, and Turkey have added significantly to their gold reserves in recent years. Part of this demand stems from an effort to reduce reliance on the U.S. dollar as a reserve currency. Russia and China are dealing with sanctions and a trade war, respectively, while many developing countries have stuttering currencies. Gold provides a useful alternative to store value for such countries. Additionally, Islamic countries like Iran, Malaysia, Turkey, and Qatar are considering a gold barter system among themselves to hedge against future economic sanctions. Iran continues to bear the brunt of punitive sanctions while Qatar almost experienced an economic shutdown after a Saudi orchestrated blockade in 2018. The deliberations began after an economic summit led by Malaysian PM Mahathir Mohamed from the 18th to the 21st of December 2019. Therefore, gold enjoys a universal credibility that Bitcoin and crypto can only dream about. When looking to store value or hedge against a stock crash, gold is still the premier asset to hold.
Gold to Surge in the Coming Decade
Many analysts see the tremendous upside of holding gold now. Paul Schatz, Heritage Capital president, recently touched on this sentiment in comments to Yahoo Finance: “I think gold’s going to $2,500, $3,000 an ounce in the 2020s because the climate — the landscape for gold is so hugely supportive.” Investors see the value of using bullion as a hedge. Even though gold cannot replace government bonds entirely in portfolio diversification, the case for reallocating a portion of normal bond exposure to gold is as strong as ever. Bullion has had a steady decade of growth through the 2010s. It has performed better than most assets, save for outliers like cryptocurrencies. Stocks have rallied in the past decade, but a combination of high debt levels and low interest rates places the value of fiat at a precarious place. These factors have allowed gold to maintain solid prices even through periods of relative economic prosperity. For those who distrust fiat and central bank management of fiat, hedging gold is a no-brainer. Having at least 10% gold in your portfolio is a decent approach to start the next decade. Investing in bullion, gold mining equity, or gold-backed ETFs provides useful diversification to your portfolio. With digital gold-backed tokens now available in the market, you don’t need to worry about the hassle of storing and transporting the gold. Either way, investing in gold now puts you in a great position entering the new decade.
I might be getting ahead of myself but I imagine near the end of the coming precious metals bull market there will be a significant amount of euphoria. The way I see it: Gold/silver and PM stocks will rise astounding levels. Seeing this too late but still wanting in on the action(FOMO) many retail investors buy PMs and mining stocks right as they are at a top thus propelling them to even higher tops well beyond any sound fundamentals. Then this all comes crashing down when the market goes from a voting machine back to a weighing machine. Euphoria is often interpreted as one of many tell tail signs of the end of a bull market. This is good for those of us who get in the stocks sooner rather than later as it offers even more potential gains with ski slope like spikes in price in the twilight hours of the bull market... That is IF we can time the end of the bull market and the euphoria that typically comes with it to therefor profit from it... Easier said than done. But here is an attempt to add one more tool to help identify gold/silver market euphoria. Enter Google Trends. You type in a search term or topic and Google will tell you how many people have been searching it every week since 2004. Many of you have probably heard of crypto investors citing Google Trend data referring to the number of people Google searching "Bitcoin" as a predictor of future strength/weakness in the crypto market. The assumption being that some of the people searching it will turn into buyers. More searchers = more buyers. This same method can be applied to precious metals to identify when large amounts of retail investors are entering and fleeing PMs. This certainly has its limitations however. The big money(hedge funds etc) will hopefully not be caught googling "How to buy gold". That's why this is more so a euphoria indicator rather than a strength indicator. By the time the "average" person has heard of it, its probably too late or darn close to it. One example of how this tool can be used is comparing the price of gold to the number of people Googling the term "How to invest in gold" seen in the graph below... https://preview.redd.it/ibtvmk31uok31.png?width=582&format=png&auto=webp&s=f353a569337eee3658cb946a00826bf1a586efc2 Regarding the Google search data (seen in blue) from 2004-June 2011 there is a significant amount of uninterruptible noise with a barely distinguishable upward trend. However this changes significantly from July to August 2011 where the number of searches sky rocketed with a +50% increase. Then from August to September plummeting with a -40% decrease back down to normal levels. What is significant about this is that although gold had been making yearly all time highs since 2001 it wasn't until the exact month that gold achieved its still standing all time high of over $1,900/oz. that the number of people Googling "How to invest in gold" went ballistic. If you were watching this data in August 2011 and decided to sell upon seeing the euphoria explosion that August then you would have exited right at the tippy top of the last bull run. However as the saying goes if "Ifs and Buts" were candy and nuts then we would all have made a lot of money in gold stocks. Meaning there is no guarantee that we will see the same pattern of behavior in the upcoming bull market. Moreover it is certainly more accurate to use fundamentals or Dow/Gold ratio etc to predict its end rather than the number of people Google searching a term or topic. With that said this is just one example of Google Trend's application and I am sure better predicting search terms and topics can be found with more experimentation. The bottom line: Should you live and die by this metric? Only if you want to die by it. Is it an interesting metric warranting further exploration and possible monitoring? Sure, why not.
I've been in since May 2017, lessons learned, and some real talk.
I've only been in the crypto game since mid 2017. I remember back then when I was assessing the market, BTC was below $1k a few months earlier, LTC was around $4 that January and by the time I finally got in BTC had more than doubled to around $2,500 and LTC was $30. I thought ETH and XRP (and everything else) were just shitcoins because I didn't know shit and I just listened to the herd (Back then the argument was "Bitcoin is digital gold and LTC is digital silver and everything else is a scam.") Now, I'm pretty invested in several coins, because this market is anything but rational. Screw off if you think otherwise. Try to think logically in this market, and you're going to get smacked in the face. After exchanging my first fiat for crypto, in the next couple of months the market "crashed" and I was fearful. By crashed, I mean BTC went from $2,800 to $1,800. I just decided to let my cryptos ride. I pretended that money was gone, but I'd check prices every day for whatever damn reason. I wasn't even putting that much in. Hell, I would spend more eating out and going to the bars every weekend with friends or work colleagues than I was dropping into BTC. It was pretty common that I'd drop $100 a night on sushi, beers, and Sake Bombs. But, when money you could get back loses value, it makes you feel dumb for putting money in. Logic is out the window when I can't get that $100 back from my sushi and drink purchases, but my crypto dropped 30% that week, so I was dumb for investing in crypto but not for my $500+ per month on eating out and drinking with friends. Several weeks later, I was back to even on my crypto investments. Well shit, that was fast. Then I was suddenly up 25%. "Fuck it, I'm just putting money in. I'm not missing out." By the the winter of 2017, I was up over 10x with my crypto speculation. My initial LTC went from $30 to over $350; my BTC went from $2,500 to $20,000. I also just threw $300-$1,000 here and there on random sub-200 market cap coins only to see them 6x in a few weeks. I remember thinking how stupid I was for not buying during that dip down to $1,800, but how good of an investor I was because my gains. What a fucking dope I was. I was sitting there looking at my account on December 10th, 2017. I was about to sell because I could have paid off my car and 50% of my student loans. I wasn't even using my car because I was in another country traveling. "Nah, I can't sell. This is just the beginning; let's wait until I can pay off all my student loans" my delusional self said. I never cashed out. I remember sitting there with a dude who had his GDAX account open after BTC "crashed" from $20k to $13k two weeks later. We just got back from surfing. He was still sitting at $250,000 in his account and was nervous as shit. "What should I do?" he asked rhetorically. Then immediately answered himself, "It will rebound," he said, "it always does." This guy had been through the MTGOX hack and gave me plenty of advice while we surfed. And I listened as if he was prophetic. What a fucking dope I was. When hopium is in the air, we all get irrational. I still wonder about that guy and his cryptos. He went north back home for the Christmas holiday, while I headed south for more traveling, and I've never seen him again. February 2018 was both euphoric and scary as shit. "Holy shit! BTC is under $10k I never thought it would be down here again. But it could keep dropping. But it was just $20k a month ago." I was skeptical that it wouldn't keep dropping so I waited. Then, I didn't want to miss out. BTC was making a run from $6,500 up to testing $10k. "If it breaks $10k, I'm getting back in." A short time later, it did break $10k, only to be hit a wall at $12k, then again...then, the inevitable crash to $6,200 happened where it fluctuated in August - November of 2018 up until, what, November 10th-ish when BCH shitfork shat out and then BTC-Shit-Vision and BTC-LMNOP started paying miners to mine their forked fork of BTC and everyone shat themselves as the market tanked yet again. That was it for me. That was the day I stopped caring. I remember thinking how stupid I was to invest so much time in this. You can't predict this shit. I didn't regret investing in crypto, I regret all the time spent looking at my portfolio, trying to time the market, pretending I was some guru in my head because I threw $300 at POE when it was less than a penny and weeks later it was selling for $0.21 and could buy another trip to whatever country I wanted. Sure, you can use TA to see what support or resistance is there, but it's still a 50-50 chance whether Fake Satoshi is going to spoof trade or some rando is going to drop three 7,000 BTC market buys to break through resistance. So, what did I learn through this whole experience? Other than what I've already stated (You have no way to predict whether it's breaking through resistance or crashing through support). I just remember the main thing that has persisted this last two years. "I wish I could go back in time to when BTC was around $3,000 and LTC was $30." When BTC dropped below, $4k that was heaven. I never thought it would get back to when I was buying when I first got into the market in 2017. So, I bought, and I bought hard. This time around, I have strong buy strategies and sell strategies. They are set; no question. For me, I'm not selling until two weeks before the LTC halving in August. Even then, I'm only selling my LTC for BTC. Then I'll sell 25% of my BTC for fiat 2 weeks before the BTC halving in 2020. I will never have less than my preferred number of BTC's, ETH's, LTC's and a few others. Don't follow my advice here, I'm just saying I know what I want and what my strategy is. You need to have a strategy to buy and strategy to sell. Be reasonable. I previously had a "strategy." It was once I could pay off my student loans with all of my crypto gains minus taxes, I would sell. Yeah, well, looking back if I would have just sold when could pay off my car and 50% of my student loans, I would have been able to invest even more when BTC was down in $3,xxx range and LTC was $22-$35, etc from December 2018 through March 2019. DCAing is the way to go. No question. You don't need to do TA, you don't need to check your portfolio, you don't need to do shit but either 1) setup an automatic buy order with your exchange or 2) login and buy whatever you want. You have your buy strategy (DCA at x interval) and you have your sell strategy. Figure it out. Don't pretend you're gonna time the market. Don't pretend you're some guru. Those people, like me, learn the hard way. No TA, no waiting for google searches of BTC to increase, no waiting for BAKKT, no waiting for Faktoshi to shut the fuck up. Before November 2018, I would only throw money when BTC was on a run. "Oh, we're finally on the way up. It's time to buy!" Like when it went from $2,800 up to $6,200 in the summer 2017, then from $10k to $20k in late 2017. Or when it went from $6,200 back up to $10,000 then to $11,900 in February of 2018. I would think I could time the market. What a pathetic loser, right? Some people grow up in this market like the cable version of themselves only to transition to the directv version. Listen to us dopes that have been there and done that. Learn from our mistakes, but also don't think that we have all the damn answers. Anyone that comes in here acting like the 2nd coming of Craig Wright's dumpster twin, you can be rest assured they are as delusional as Justin Sun. The problem is, even if they are delusional, this market is anything but rational, so they might just be proven right enough for you to think you should follow their advice. This shit is crazy. Stop acting like you've got it figured out. Nobody does, but it feels good to have confidence in this random speculation, right? I'm here to tell you this. My life has drastically improved since November 2018 when I started viewing Crypto investments like a bill. Every two weeks, I would send money from my paycheck to my exchange. Then, I'd buy a certain amount every single week after it had cleared. That money, is all but "gone." It was a "bill" I paid. When the market is going down, I send more fiat and I buy more crypto. When it is rising, I still buy, but not as much; I pull back. You may say I'm trying to catch a falling knife. I just learned that the way I was investing before was bad practice. I'd rather people think I'm trying to catch a falling knife than to feel that FOMO and only buy when the market is up. Right now for example, I'm not buying this week. Not because I think I know what hell is going to happen, but because it's my strategy to not chase a run, and to spend more when it drops. I'll wait until next weekend and see what the market is doing. What happens in between now and next weekend, I don't give a shit. Could I miss out on another run? Sure, but I don't give a shit. Maybe it's because I'm 2 years in and I've seen this shit before, or maybe it's because I've been buying BTC when it was around $3,000 both in 2017 and just about a month ago, so I feel fortunate to have gotten another chance at BTC at $3,xxx. I also learned my lesson that fakeouts happen. I've been burned enough to not give a shit about being BTC going from $3500 to $5,200 in the last, what, 5 weeks? Been here, done it, don't give a shit. I don't know if this helps anyone, but seeing the last two years of this shit, I don't care about some random 30% pump. I also don't care that BCH is up 86%, or ADA is up whatever it is. I'm not into them, but if you made gains, I'm happy for you. I'm serious too. Maybe you're new to this game, or maybe you've only been in since $20k. If so, you're still here, and there are plenty others like you. I'm not a BTC maximalist, I don't think LTC is the truth, I don't think only ETH is the dApp platform. I don't know shit. I'm just some speculator that is speculating on some of this sit. There are also plenty of people that were like me in 2017 that are waiting in the wings, only to buy when the market is on the rise. There are plenty more that buy when it's rising then set stop losses that whales will fish for only to wreck the market in a day then to see a bounce back even stronger while those people FOMO back in. Also, the turd version of satoshi could start shitting in public this week and the media could write about how Satoshi is literally shitting on a physical Bitcoin as we speak and some shitcoin creator then posts a Twitter video that goes viral about how the hashrate and energy consumption of the satoshi shit-pile is not sustainable and then some whale market sells down to below the new TA shit-support level of $4,400 and then all the dopes with stop losses in that range get shit fucked only to see a spoof limit order set at $4,400 of 10,000 BTC and everyone's dick shrinks into their stomach as they hurry to Tether as BTC drops back down to $3,500 before whale #2 shit fucks your emotions with a $1,500 green dildo in a 15 minute span sees the "sell wall" disappear which starts the next FOMO run on up to $6,200 a few weeks later while TAers say "We broke out on great volume" then other TAers agree and the self-fulling prophecy starts another run only to get hit with more whale fuckers. You can't predict this shit. Give it up. Market goes up, market goes down, can't explain that. With the LTC halving in August, the BTC halving in May 2020, I think we are about to get into the 2017 euphoria again though. We are getting closeTM to the point you could just thrown money at any coin and get 10x your investment. What does "close" mean? I have no idea. Eff anyone that thinks they know. Someone could predict it is this week, next month, or after this current fakeout bull run, or in December, or next Spring, and someone will be right. The only advice I have is to do your best to not get emotional about your money or crypto. It's going to do the exact opposite of what you think it will. Even when you try to do the opposite, crypto will shit-fuck you in your sleep. If you believe that the sentiment is changing, and let's be real, we are in speculation phase and this is all based on hopium and belief, then DCA at certain intervals. This isn't some cult. It's all based on sentiment. If you think people are starting to get interested, then that is a sign speculation is about to be in our favor. If you are putting money in that needs to be rent money, do yourself a favor and just walk into a casino and put it all on red. If you win, then put your winnings in crypto. If you lose, I saved you the anguish of checking your portfolio every hour only wish you would have done the opposite of what you did. You're welcome... Or, do the opposite. Check the market every hour for the next 12 months only to look back and realize that you kept buying on the way up, got scared and sold on the way down, and then FUD yourself in your sleep because of your stop loss sells were triggered while whales were fishing for fear. So, there are all of my shit thoughts. What are yours? What are your strategies? There are plenty of people that have been in longer than me, what are your strategies? Are we heading for a the next bull run? Is the bottom in? Do we still have a massive, short-lived capitulation event coming? Let's chat. TL;DR: You can't predict this shit, just DCA, live your life, get a buy strategy, choose a sell point, make this shit as simple as possible. If you try to complicate things by predicting the next run, the next drop, the next consolidation, then you're probably going to be wrong like 99% of people. And don't be that guy that ends up $250,000 in your account in the next bull run only to see it drop down $67,000 literally a week later.
Can Litecoin Halving Really Double Your Investment?
Two big halvings in less than a year. The next Bitcoin halving is less than a year away, and Litecoin’s block rewards are expected to fall within two months. These events are likely to restrict the supply of both cryptocurrencies, leading some speculators to count on the reduced supply for another bull run. In fact, given the recent run-up in price to a 12-month high of $128 at the time of writing, Litecoin halving fever already seems to have struck the market. But, as we’ll see, those returns may not be as inevitable as some traders think. Why Do Mining Rewards Fall? The rate that new coins are created is cut in half every four years, effectively reducing inflation rates and cutting supply in the digital currency. Bitcoin’s current inflation rate is just over 4%, and will become 1.8% after the halving. In comparison, the U.S. Federal Reserve targets a 2% inflation rate each year. Bitcoin inflation rate versus price over time. Via CoinMarketCap Bitcoin has followed the same emission schedule since the genesis block, except for one slip-up: an inflation bug (CVE-2010-5139) created 184 billion bitcoins on August 15, 2010 at block height 74638. Bitcoin supply curve. Source: messario.io What will happen to the price of Bitcoin? It’s risky to use previous halvings to draw a conclusion for the future, because it’s such a small sample size. However, we do know that inflation (and therefore supply) will decrease. ECON101 tells us that a supply decrease coupled with stagnant demand leads to a price increase, and we’ve predicted positive results for the halving before. On the day of the first halving, November 28, 2012, the price of BTC was $12.35, and reached $127 just 150 days later. One year after the halving it was $205. 150 days prior to the halving the price was $5.24. Bitcoin at the first halving. Via BuyBitcoinWorldwide. So, the first halving was clearly a good time to buy BTC. If you had bought five months before the halving and sold it one year afterwards, your investment would have returned forty-fold returns. The second halving was less dramatic, but still profitable. On July 9th, the day of the 2016 halving, the price of BTC was $650.63 and reached $758.81 just 150 days later. One year after the halving it was $2350. 150 days prior to the halving the price was $405. So, during that halving there was nearly a sixfold investment opportunity. Bitcoin at the second halving. Via BuyBitcoinWorldwide. Again, the sample size is small, but the relationship is clear – buying before the halving and holding for a long time afterwards has been very profitable. What About Litecoin? The impending Bitcoin halving has been well covered, but what does this mean for Litecoin – the silver to Bitcoin’s gold? Litecoin was launched as a fork of Bitcoin, which would be “four times as fast with four times the supply.” Litecoin, like Bitcoin, still halves every four years. But its halving schedule has seemingly slipped under the radar. To date, Litecoin has only had one halving, which was on August 26th, 2015, and the next halving is only two months away. This time the sample size is even smaller, since this event has only happened once in history. But the results are interesting given that they don’t really mimic Bitcoin’s. The best metric to use on Litecoin is its price relative to BTC. On the day of the halving LTC was worth 0.01272 BTC. 150 days later the price actually decreased by 35% to 0.008189 BTC. One year after the halving the price was nearly 50% lower at 0.006595 BTC. Looking at the graph below, it’s clear that the price of LTC peaked approximately 6 weeks prior to the halving, as if traders anticipated similar results to the Bitcoin halving but were disappointed. Litecoin price at 2015 halving In the last halving, purchasing 8 weeks prior to the halving would have returned less than a 5% profit to the date of the halving. As of June 6th, we are exactly 8 weeks away from the LTC halving date, but this one may not be easy money. Based on an (admittedly tiny) sample size, history shows that LTC is unlikely to hold its run against Bitcoin.
Bitcoin at $136,000: Can it become the new gold standard?
Over the past year, Bitcoin’s been on a wild ride from a low of $1,183 to a peak of $19,401. With Bitcoin’s skyrocketing prices, detractors from J.P. Morgan chief Jamie Dimon (“[Bitcoin] is a fraud”) to Berkshire Hathaway CEO Warren Buffett (“I can say almost with certainty that [cryptocurrencies] will come to a bad ending”) have been quick to decry the digital currency as a bubble. Predicting a crypto bubble has become the latest trend as Bitcoin and other currencies have risen meteorically. In spite of this, Bitcoin has shown that it is still a new asset with room to grow. Bitcoin’s current market cap of $134 billion, is massive compared to most companies, and even some countries. But this pales in significance compared to traditional assets like gold. If Bitcoin becomes a widely accepted store of value, it may one day replace some of the functions of gold in the market. Today, there is an estimated 190,040 tonnes of gold above ground in the world, with 54,000 known reserves below ground that can be mined. At today’s rate of $1,335 per ounce, that means there’s around $11.5 trillion worth of gold in the world that we know about. Imagine that Bitcoin replaces 25% of today’s gold market. Bitcoin would leapfrog another 17x above today’s current prices. Here’s some (very rough) back-of-the-paper-wallet math: 25% of $11.5 trillion gold reserves = $2.86 trillion $1.975 trillion market cap of bitcoin / 21 million bitcoin = 136,190 price per bitcoin While this scenario may seem extremely far-fetched, it’s not completely out of the realm of reality. In this article, we’ll look at some of the key characteristics that Bitcoin shares with gold that make it useful as a store of value and speculate around how Bitcoin might eat into the dominance of gold. What is a Store of Value? Skeptics like to point out that Bitcoin isn’t that useful as a currency. It can have high fees, long transaction times, and comes with numerous security risks. It’s still much easier to pay for goods and services with a credit card than sending bitcoin to someone’s public address. Yet all these things actually make Bitcoin similar to something people have valued for thousands of years: gold. Gold has certain properties that make it useful. It conducts electricity well, and it looks pretty. But if you compare gold to more common metals such as copper or nickel, it’s actually a lot less useful for making things — it bends too easily. The main utility of gold is that it functions as a store of value. Because gold is extremely scarce and expensive to produce it tends to retain value over time. If you buy gold today, you’ll likely be able to exchange it for a similar amount in the future. To understand how gold functions as a store of value and how Bitcoin might replace it, we have to dig deeper into the history of gold. A Brief Primer on Gold Gold has been valued and used as a store of value for millennia. The first known use of gold as currency began several thousand years ago in Asia. Even with the widespread adoption of paper currency in the form of bank notes in the 19th century, the gold standard remained the most popular financial system in the world. Nations would set a fixed price that they would trade gold for paper money. For centuries, gold was an acceptable form of currency. That’s a big part of why gold is still valuable today — we believe that gold is valuable, and this belief has been culturally ingrained. Gold has a number of properties that make it useful for this purpose. For starters, it lasts a really long time.The chemical half-life of gold is 168 days, compared to 130 days for silver, and a mere 61 hours for copper. Gold is also easy to split up into smaller parts and transport. You can remelt a gold ingot into smaller gold coins, or even smaller pieces of jewelry. It’s also portable: an ounce of gold is worth $1,335 and weighs the same as a slice of bread. It’s estimated that the 190,040 tonnes of gold above ground would fit into a cube with 67 foot sides. Today, we use gold for many different things. Jewelry is the most common use-case representing roughly 48% of all above-ground gold. 21% is used for private investment, whether in the physical form of gold bullion or in financial instruments like exchange-traded funds. Another 17% is used by the official sector by central banks as a reserve currency. The other 14% is used for other purposes, from industrial applications like electronics to dentistry. source: World Gold Council While the gold standard has largely been abandoned, gold remains a useful hedge against currency instability. That’s because gold is inherently scarce, with a limited supply. On average, 1,500–3,000 tonnes of gold is mined each year, adding a mere 1–2% annual increase to the supply of gold. It’s also highly liquid and can be exchanged for money anywhere in the world. Central banks buy gold to avoid currency risks and hedge against inflation. Gold is held in reserve and can be liquidated quickly in times of crises. In 2016, Russia’s central bank purchased 201 tonnes of gold in response to a weakening rouble and international sanctions, making it the largest acquirer of gold. Today, gold continues to retain its significance because it operates as a store of value that’s removed from the financial system. The Bull Case for Bitcoin: Why Bitcoin may replace Gold On the surface, Bitcoin and gold couldn’t be more different. Bitcoin is a digital, peer-to-peer currency created in 2008, and distributed across nodes around the world. Gold is a natural element that is mined from the ground, and which has been used as a store of value for millennia. Despite these differences, Bitcoin and gold both share characteristics that make them useful as a store of value: Just like the supply of gold is constrained to the amount that can be mined, the supply of Bitcoin is written into the code and maxes out at 21 million coins. While gold is relatively portable, can be verified, and divided into smaller units, Bitcoin is cryptographically secured, controlled via private key, and can be divided infinitely. That gives it distinct advantages over gold as a store of value. While gold is useful as a store of value because it’s valuable relative to physical size, this still adds up when you’re operating at scale. For example, when the German central bank wanted to bring home 374 metric tons of gold back to Frankfurt, the gold had to be assessed for purity, be remolded from bullion into bars, then secured and transported. The whole operation cost $ 9 million. There’s a clear argument that a digital currency like Bitcoin would be much better suited to maintain reserves than gold bars. Central banks are already beginning to look at the benefits of digital currencies. The Swedish central bank is investigating the possibility of launching a digital supplement to cash, called the e-krona. Singapore is experimenting with use-cases for cryptocurrency from cross-border payments to creating a digital Singapore dollar. Similar to gold, Bitcoin sees high usage as a store of value in countries with currency controls or instability. In Argentina, for example, people use Bitcoin to circumvent government currency controls mean, saving nearly 40% on foreign currency exchanges. In Venezuela, Bitcoin usage has become widespread to buy everything from food to movie tickets in the face of 2,616% inflation. The Venezuelan government even launched its own contentious cryptocurrency, called the Petro, in an effort to circumvent international sanctions. Like gold, Bitcoin provides a store of value that’s separated from the official financial system. Unlike gold, Bitcoin is far easier to hold onto and exchange. If 25% of the gold that’s used as a store of value in jewelry, private investment, and the official sector moves to Bitcoin, we may see Bitcoin at $136,190. The New Gold Standard Bitcoin rose from the 2008 financial crash, promising a digital currency free from central bank intervention. This is something that we’ve always needed — just look at gold. Gold is useful because it provides a store of value outside of currency and stock markets. Bitcoin, if it’s able to address key technical and scalability challenges, has the potential to do the same. What’s important to remember is that despite the boom-and-bust hype cycle, we’re still in the early innings. https://blog.sfox.com/bitcoin-at-136-000-can-it-become-the-new-gold-standard-ee98b11aacfc
2018 - 2030: The grand battle between bitcoin, precious metals and fiat currency
edit: I like that 30% of you are downvoting this post because you think bitcoin is going to the moon right this year, we'll never have a bear market ever again and the S-curve reigns supreme. Nope, governments were never going to make it that easy. Crypto will have its day in the sun, but that day is not today. I have seen things. Don't ask me how. My dreams can be cryptic. The destruction of fiat has already begun in earnest, but we're only in the 1st inning. The next 10 years will be characterized by the destruction of the USD, and the rise of the Chinese yuan backed by gold. Gold and crypto are the two twin pillars that will destroy fiat. Thanks to crypto we're looking at a resurfacing of a global consciousness and desire for a non-state backed currency, harkening back to the days of a gold-backed money supply. Throughout history, empires have risen and fallen. The strongest empire's currency has always been the choice reserve currency of that era, but as an empire grows complacent and the government officials decadent, so does the temptation to debase their currency. The privilege of being the reserve currency globally gives them a sunset period of 20-40 years as the inevitable decline happens. It all began when Nixon took the USD off the gold standard. Both China and Russia has been quietly accumulating gold over the past 10 years, restricting exports and increasing imports of gold. China is the world's largest oil importer and is in the process of switching over from paying for oil in USD to yuan, and redeemable into gold. The ramifications are massive. Increasingly the world is turning back on the US and its currency. China is clamping down on cryptocurrency heavily as it interferes with their grand plan: they plan to shock the world in 2019 by announcing that they will go back to a partial gold-backed standard. Not fully-backed due to constraints in monetary policy advised by their Chinese economists, but sufficiently so such that the world gains confidence in the yuan and central banks globally begin selling their USD in earnest from the current 60%+ weighting, demoting it to a 30%+ weighting in favour of yuan as it dawns on them the USD might have just lost its reserve currency status. In this chaos, as we see across all regime changes, central banks begin buying gold in earnest. Other countries respond by backing their currency with gold as well. China becomes the new global superpower. Thanks to this, the gold price will move to all-time highs and start trading above $2k in 2019. This will see the beginning of a gold rush we've never seen before. Old and institutional money begins to pour into precious metals; new and speculative money pours into cryptos. Cryptos enter into a final blow-off-top a year later not unlike the 2000 tech top in 2020. Bitcoin crashes 70% from $1m to $300K. As this happens, the whole world goes all-in into gold and yuan as the new safe havens as this is simultaneously accompanied by a major sell-off across both equities and bond markets. The rout will not stop till the mid 2020s. Gold is now trading at $7k/oz and silver at $200/oz. In fact, gold, as is most asset classes, are no longer quoted in USD but yuan. Africa begins to wield significant influence in the global political arena with South Africa leading the charge, due to their massive gold holdings and gold mines. The year is 2025. In the depths of a recession even more severe than the one we saw in 2009, the US government reveals they have been accumulating bitcoin since 2018, and have built a sizeable position of 500,000 BTC (equivalent to $250b with BTC trading at $500k). This sparks the re-birth of a new bitcoin bull run as the other central banks announces they too, now hold some BTC. Many central banks, especially the resource-poor countries who never saw the rebirth of gold coming, begin accumulating BTC as well. Many now fear Russia and China's dominance in the gold market. Despite gold being a decentralized store of wealth, the natural geographical distribution has made many other resource-poor countries bitter, and an unspoken alliance began taking shape as central banks secretly accumulate bitcoin. Countries begin to publicly denounce gold, even as gold ownership is quickly being transferred into the blockchain. Gold prices fall after entering a blow-off top in 2027. Bitcoin begins to climb until it reaches a "demand equilibrium" with gold. By 2030, bitcoin is valued at $2m+ and represents a significant percentage of the global money supply and gold has fallen to $4k/oz. By the 2030s+ the world has transitioned to a fiat system that is completely transparent. All countries' reserves in both bitcoin and gold are publicly trackable on the blockchain. While fiat continues to live on, governments in the aftermath of the early 2020s recession now have learnt fiscal prudence and bond yields actually reflect market-priced default risk depending on a country's money supply vis a vis the value of the bitcoin and gold their central bank holds. The economy never really recovered from the recession in the 2020s. Artificial intelligence had taken over most of the economy's jobs, and the wealth inequality continued to widen as more and more wealth accrued to owners of capital. The crash in the equity markets at the turn of the decade had also wiped out a generation's savings and therefore willingness to spend - the millennial investors who had gleefully piled into FAANGs as everyone turned euphoric into the last days of the stock market bubble. Deflation began to set in as the boomers started dying in record numbers, and consumer spending ground to a halt as nobody except the elites and the crypto-rich had any money to spend. By the late 2020s governments realized that a form of universal basic income was necessary or the economy would never recover, but a redistribution of wealth was not going to be possible. Countries came together and decided that a new UBI cryptocurrency would be created, in direct proportion to the amount of bitcoin and gold each country owned. With every single individual having their own unique identity stored on the blockchain, this was easy and transparent to implement. This ultimately paved the way for a global common cryptocurrency in 2030. Gold began to lose its shine. By the mid 2030s, we entered a golden era for the human race as the wealth inequality came back down to levels unseen in the past 500 years. Productivity reached a new high, assisted by mature technologies that first appeared in the 2010s. Significant life extension, space exploration, nanotechnology, then the uploading of the human consciousness ... In 2040, we encountered the Singularity. edit: pardon the grammatical and language errors, but i wanted to catch all the details before the vision fades. it comes and goes.
[H] Bioshock: The Collection and Other Bundle Extras [W] Assassin's Creed: Origins
So, recently, my friend just gave me some extra games. I'm trying to trade a Bioshock: The Collection key and more if necessary for a AC:O key. Loose Keys - Bioshock: The Collection Deponia: The Complete Collection Bear With Me - Collector's Edition Acceleration of SUGURI 2 Interplanetary: Enhanced Edition Serial Cleaner Cook, Serve, Delicious! 2!! Forged Battalion Pathologic Classic HD Battle Chef Brigade Zombie Night Terror Figment Hard Reset Redux Arma: Gold Edition A Story About My Uncle The Darkside Detective Region of Ruin Teslagrad The Count Lucanor The Last Door Lego: The Lord of the Rings Lego: The Hobbit Sins of a Solar Empire: Rebellion Warhammer 40,000: Space Marine Snail Racer EXTREME 3D Chess Planetary Annihilation Vertical Drop Heroes HD Reveal Bernackels' Shoggoth Fortified Congo Merc Deadlight The Surprising Adventures of Munchausen Majesty 2 Collection The Flame in the Flood Satellite Reign Else Heart.Break() Shadowrun Returns Egyptian Senet Humble Gift Link - Hearts of Iron IV Clustertruck Diaries of a Spaceport Janitor The Final Station Graveyard Keeper Hello Neighbor Party Hard Party Hard 2 Party Hard: High Crimes Punch Club SpeedRunners Streets of Rogue Age of Wonders III Black The Fall Deadbeat Heroes Goetia Octahedron The Turing Test Assassin's Creed® Origins I'm not a Monster The Journey Down: Chapter Three Monster Prom Wandersong 11-11 Memories Retold Impact Winter Little Nightmares PAC-MAN™ Championship Edition DX+ Project CARS Genital Jousting Highway Blossoms Just Deserts Purrfect Date Sunrider Academy Among the Sleep - Enhanced Edition Dream Daddy: A Dad Dating Simulator Getting Over It with Bennett Foddy Tangledeep Tangledeep Soundtrack Tooth and Tail Absolver Dandara MINIT Mutant Year Zero: Road to Eden Northgard She Remembered Caterpillars Steel Rats Tannenberg 12 is Better Than 6 Alone With You BLACKHOLE Cook, Serve, Delicious! Cook, Serve, Delicious! 2!! 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The gold and silver bull market is in its early stages, and it is already looking to be one of the most volatile bull runs, according to Chancery Asset Management founder Thomas Puppendahl. The COVID-19 outbreak was just “one snowflake that let the avalanche come down,” Puppendahl told Kitco News on the sidelines of the Mines and Money Online Connect virtual conference on Thursday. According to Steve St. Angelo of the SRSrocco Report (at $1,300 gold and $20 silver), all the investment gold worldwide is worth $2.93 trillion, all mined bitcoin so far is worth $240 billion, and the total investment silver market is worth $52 billion. My main takeaway is obviously not to pit silver against bitcoin. Rather, it's to point out ... The Barrick Gold investment fuels the bull case of Bitcoin because the perception of BTC as a store of value is improving, especially given the tight correlation between the two since the March 2020 crash. Bitcoin vs gold price. Source: Skew. BTC would “cannibalize” gold in the future, says Winklevoss Gold Stocks (GoldStocks.com) is the top online destination for all things Gold & Mining Stocks. On GoldStocks.com you will find a comprehensive list of Gold Stocks & discover the best Gold Stocks to buy, top gold stock news and mining stock articles. This year is expected to be a huge year for mining stocks. Gold Stocks provide an investment opportunity and we’re happy to be there with you ... “Bitcoin is in an extended period of trading within a range and will eventually break out higher, in our view,” said Mike McGlone, senior commodity strategist at Bloomberg Intelligence. “We see bitcoin as a consolidating bull market with a firming price foundation. The way we see it, the longer Bitcoin stays above $8,000, the firmer the ...
Frank Giustra: Billionaire Investor says Biggest Gold Bull ...
Everyone is worried about Silver, Gold, GDX - GDXJ - SIL - SILJ because of the recent pullback. The most important chart to keep an eye on is the weekly char... Despite the nice jump in price gold, silver and the mining stocks have enjoyed so far this year, we’re still in the early innings (perhaps still the first!) of this new precious metals bull ... Part 1: While the Bitcoin-price still shows no clear direction, Gold is also touching an important support-zone now. This could possibly be a huge chance for... #bitcoin #crypto #cryptocurrencies Check out our sponsor, BitPanda Pro: https://www.bitpanda.com/en/pro Looking to buy crypto and earn interest? 📈 ️ https://... To subscribe to our newsletter and get notified of new shows, please visit http://palisaderadio.com Frank discusses his early career, his experiences in the ...