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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: carranza2 who wrote (153397)2/20/2020 5:26:54 AM
From: Maurice Winn  Read Replies (3) | Respond to of 217596
 
The good old greater fool theory of zero sum game speculative investing.

As soon as bitcoin appeared I declared it a dud. That applies to other block chain MMT ideas. But silly me didn't consider that there would be many years before the limitations made bitcoin a dud. So I foolishly did not load up on bitcoin at 10c each while I got around to doing it properly.

But those days have long gone.

Mqurice



To: carranza2 who wrote (153397)2/20/2020 5:34:23 AM
From: TobagoJack2 Recommendations

Recommended By
bull_dozer
dsv

  Respond to of 217596
 
re <<A little difficult to explain/understand business model>>

What does that have to do w/ rainfall in the Antarctic :0)

Am sure ETHE shall go up, and am equally certain it would go down. The difficulty is in the detail, of sequence, iteration and level.

In the meantime,








To: carranza2 who wrote (153397)2/20/2020 6:37:50 AM
From: TobagoJack  Respond to of 217596
 
The consultation prize continues to rise, along w/ a bunch of other stuff. I still do not understand the message for it makes little sense given internal contradictions etc etc

Unless literally governments are going to starting force-feed helicopter money to get all over the difficult stretch they see and anticipate coming to lots of places

bloomberg.com

Gold Just Hit a Seven-Year High on Virus Fears

Ranjeetha PakiamFebruary 20, 2020, 9:02 AM GMT+8
Gold traded near a seven-year high on concern that the coronavirus outbreak will retard global growth, coupled with speculation the Federal Reserve will ease monetary policy before the year-end. Palladium held near a record after building on a powerful rally.

Bullion has risen at a time U.S. stocks are at an all-time high even as traders weigh the disease’s impact. While Hubei, the center of the outbreak, reported fewer new cases after another revision, there are signs of deepening economic damage. In addition, two deaths were reported in Iran and two people from a quarantined ship in Japan died, highlighting the threat outside China.



The traditional haven has climbed 6% this year amid mounting concern over the effects of the virus, with companies from Apple Inc. to Burberry Group Plc cutting guidance. While minutes from the latest Fed meeting showed that officials indicated they could leave rates unchanged for many months, futures traders maintained expectations for at least one cut over 2020.

“Support for the yellow metal is driven by economic uncertainty related to the coronavirus – i.e. how long could the pandemic last and what will its ultimate impact be on world economic growth?” Gavin Wendt, senior resource analyst at MineLife Pty in Sydney, said in an email.

“Importantly, we’ve seen gold performing strongly in a range of currencies, hitting new all-time highs during 2019 and 2020,” said Wendt. That reflects not only investor uncertainty, but also a likelihood more stimulus will be required, including lower rates, to boost activity in a post-coronavirus world, he said.

Spot gold traded at $1,607.95 an ounce at 3:02 p.m. in Shanghai, down from Wednesday’s peak of $1,612.98, which was the highest since March 2013. Holdings in global exchange-traded funds backed by bullion have risen to a record, and are on course for a sixth weekly expansion.

Prices may top $1,650 over the coming weeks, according to UBS Group AG’s Global Wealth Management unit, which says it remains long on the precious metal.

“With U.S. equity valuations elevated, any further upsets could see another bout of volatility, a further rally in government bonds and a higher gold price,” analysts Wayne Gordon and Giovanni Staunovo wrote in a report dated Feb. 19.

Palladium climbed 0.3% to $2,725.22 an ounce. The metal used to curb emissions from vehicles touched an all-time high of $2,849.61 on Wednesday on concerns over a widening global deficit, and as the Chinese government pledged to stabilize car demand in the country.

Among other main precious metals, silver fell 0.7%, while platinum fell 1.3%.

— With assistance by Martin Ritchie