Gooooooooollllld
Jeez, it's been a wild week
I wonder how long it's been since it's been this volatile
Biiiiiiiiiiitcoin- up 1.71% gold- up 1.49% |
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higher lows, with a huge intraday reversal:  |
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XHB, housing ETF, not looking so good:  |
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stocks still sinking, Vix ramping.
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I wouldn't call SK 3rd world.. But it's the cost of doing business in the current $USD centered world. Wait until they have other options...chickens($) come home to roost. it's always amazed me that foreigners would plow so much back into UST's for such an indebted nation as the US. i understand it at one level since we are the world's largest economy with the largest consumer base and military, but come on. when does it all end? i guess it makes sense to debt enslave America. altho, i'm sure we'll default. how they don't get this is beyond me. imo, the end game is if and when the UST market cracks. that's the big kahuna for the US. |
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moral of the story-"don't fly over Ukraine". |
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Bitcoin Bulls- "we have unlimited amounts of ammunition". |
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beautiful intraday reversal on the VIX:  Do you think buying VIX (via some appropriate ETF) and holding for a few months is a good idea? possibly. if you look at the long term VIX chart i posted above, you'll see a small double bottom formation with a higher low which could be signalling a true bottom on that chart. i say possibly b/c there seems to be no limit to what the Fed will do to prop the stock market up. that's actually been a defined goal of theirs for the last 5 yrs. Yellen even said yesterday that she doesn't think the economy is yet healthy and she's right. that means she stands ready to pump yet more. the trick is if you believe they can forever control markets. the timing of that is hard b/c short term they seem to be able to but long term there is inevitably crashes like in 2001 and 2008. we're over due for one right now. it seems every Chairman has to deal with at least one major asset crash during their tenure and i don't think Yellen will be able to avoid hers. long answer; maybe.  |
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well DFNYS tells us 2 things:
1. Bitcoin will not be made illegal in the US-huge positive
2. large corporations now have clarity if they want to get into Bitcoin-also positive from my perspective
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definitely got a flight to safety going on with UST's, gold, and Bitcoin all rallying with stocks DOWN.
USD down which is interesting.
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beautiful intraday reversal on the VIX: |
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Treasuries rallying.
diving for safety? i'll never understand that...
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stocks diving.
what's concerning is that false breakout on the Russell.
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this could be the big event i've been waiting for. Bull flag:  |
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the epitome of strength:  |
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VIX coming off a long term low with a nice intraday reversal candle today:  High Alert. |
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the good:
1. The license is not required for merchants or consumers that utilize Virtual Currency solely for the purchase or sale of goods or services
2. Controlling, administering, or issuing a Virtual Currency. (Note: This does not refer to virtual currency miners.)
the bad:
Buying and selling Virtual Currency as a customer business (as distinct from personal use)-not good for local traders.
all of the compliance regs surely will drive up costs for MTB firms but they don't seem any different than what current fiat businesses are required to do.
What about the holders? Clearly, they don't hold solely for the purchase of sale of goods or services. That's a big hmmm... it's pretty clear that this legislation doesn't effect holders. it's all about money transmitting and catching launderers. |
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