<<DRD>> ... I do not understand it, and have been shorting May strike-10 puts now that February done, and March coming into the safe-zone. I guess the puts are priced for gold going to 1600s(?)
As gold is cheap (even if should get cheaper), seems a relatively safe play on dividend-paying gold
Re <<sold calls>>, best to sell once in good-enough profit, for they either decay or are not that liquid when one wishes for liquidity
Re <<BTC>>
Bought BTCC.U, the USD version of BTCC.B (denominated in CAD), replacing most of my GBTC. GBTC is not really liquid on the way up, therefore sports a premium, and on the way down, and zero-ing of premium. BTCCs seem very nicely liquid. GBTC shall have to convert, but unclear it can, as the move would extinguish premium that is mistaken for realisable profit. Also, Team USA's eventual imperative to snuff out BTC is stronger than that of Team Canada.
In the meantime, sure would be nice if 'they' have a dependable inter-bank transfer schema that the world can trust, and is not simply an appendage to the USD, and does not listen to anything like a Facebook or any other private company that be its sponsor. Ideally democratic, even if suspected of China China China CCP sympathies :0)
zerohedge.com
Fed Investigating Massive Outage Of Its Interbank Payment SystemThe Federal Reserve’s critical system for interbank payments which serves as the backbone of virtually all money transfers in the US, went down Wednesday afternoon as trillions in payments suddenly ground to a halt. The outage, similar to two significant disruptions suffered by the Fed in 2019, was widespread across all payment systems maintained by the central bank, including the vital automated clearinghouse system known as FedACH, and the Fedwire Funds interbank transfer service.
ACH is a national system that processes batches of electronic funds transfers such as payroll, social security benefits, tax refunds, corporate payments to vendors and utility payments, according to the Fed’s website. The commercial service handled 62.1 million transactions a day on average in 2019 with an average value of $1,802, the latest year for which data are available.
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“A Federal Reserve operational error resulted in disruption of service in several business lines,” Jim Strader, a spokesman for the Richmond Fed, said in an e-mailed statement. “We are restoring services and are communicating with all Federal Reserve Financial Services customers about the status of operations.”
Around 230 pm, FRBservices.org reported that after a roughly hour-long outage, the Fed's central bank services and FedCash were back to normal operations. While the little used FedMail did not suffer a disruption, all other services are still listed as “service disruption.”
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“We are in process of restarting the Fedwire Services and National Settlement Service and expect to resume normal processing this afternoon,” the website says
So... the Great reset, eh?
* * *
Earlier
Update (1400ET): The Fed issued a brief statement:
“The Federal Reserve Bank staff is currently investigating a disruption to multiple services. We will continue to provide updates as soon as they are available."
Is this The Great Reset?
* * *
It appears that The Fed is "down" as all FRB Servcies are currently offline including ACH and FedWire...
Translation: the official establishment-sanctioned method of transferring money in America is currently offline!
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Source
If only there was an alternative method to transfer value over the internet... for free?
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The question is - what is broken at The Fed (and was it the Russians?) |
