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

To: bull_dozer who wrote (167700)	1/27/2021 8:05:37 PM
From: TobagoJack	Respond to of 219931

Re <<“Sound money is central to our market economy, and it is central banks that are uniquely placed to provide this,” Carstens said.>> It apparently should not be Biden's job Just in in-tray Re: GameStop Loser Citron Says White House Should Stay Out Of The Reddit-Fueled Stock Mania Topline After taking a big loss on its short selling of GameStop stock, Citron Research criticized the Biden administration Wednesday for saying that Treasury Secretary Janet Yellen was "monitoring" the dramatic change in the stock due to day traders who have piled onto it in online chatrooms, with Citron saying the "White House should have more pressing issues than to investigate stock forums on Reddit.” NEW YORK, NEW YORK - JANUARY 27: GameStop store signage is seen on January 27, 2021 in New York City. Stock shares of videogame retailer GameStop Corp has increased 700% in the past two weeks due to amateur investors. (Photo by Michael M. Getty Images Key Facts After GameStop’s stock surged more than 1640% in two weeks due largely to online trading communities hyping stocks that were being shorted by Wall Street hedge funds, White House press secretary Jen Psaki said Wednesday that Secretary Janet Yellen and other economic advisers are “monitoring the situation.” Hedge funds like Citron, which have held large short positions in GameStop — meaning they expect the stock to sharply drop in price — have been bloodied as the shares have skyrocketed. Psaki added that the unusual trading activity in GameStop served as “a good reminder” that the stock market “isn’t the only measure of the health of our economy. It doesn't reflect how middle and working-class families are doing." Melvin Capital has closed out of its short position in GameStop, incurring billions of dollars in losses.Citron said by video it has closed out of most of its GameStop short position at a 100% loss. Business Insider reported that online brokerages Vanguard, TD Ameritrade and Charles Schwab experienced trading interruptions on Wednesday due to heavy trading volume in GameStop shares.Citron Research is an investment newsletter owned by Left who also runs the Citron hedge fund. Crucial Quote “The [White House] should have more pressing issues than to investigate stock forums on Reddit,” Citron tweeted. “We are a nation based on free speech and capitalism. Citron has fought globally for 20 years for that right and no one trading phenomenon should eliminate it. Our first political tweet ever.” Key Background GameStop stock jumped on Tuesday after investor Chamath Palihapitiya tweeted he purchased call options on shares with a February 19 expiration date. The stock was also recently buoyed by a tweet mention from Tesla boss Elon Musk. Andrew Left, who runs the Citron hedge fund, said he originally shorted GameStop, which has been bleeding red ink for years, because he expected it would have fallen in price much like another stock he shorted, Canadian pharmaceutical company Tilray which saw its shares fall from as high as $148 in late 2018 to less than $19 currently. Left said nothing has changed at GameStop except the stock price – which appears to have become the beneficiary of a small army of investors on Reddit and elsewhere who seek to thwart Wall Street institutions like Citron.

To: bull_dozer who wrote (167700)

1/27/2021 8:21:27 PM

From: TobagoJack

Respond to of 219931

Bloomberg, somehow someway and always find the time to slam gold or otherwise denigrates it irrespective of what else might be happening

bloomberg.com

Gold Set for Worst Start to Year in a Decade as Dollar Ascends
Ranjeetha Pakiam
28 January 2021, 08:46 GMT+8

Gold fell after the Federal Reserve left its benchmark interest rate unchanged and stuck with the current pace of bond-buying, aiding the dollar and putting bullion on course for the worst start to a year in a decade.

The Fed repeated it would maintain bond-buying at $120 billion per month until “substantial further progress” toward employment and inflation goals has been made. After the Federal Open Market Committee’s first meeting of 2021, Chair Jerome Powell said it would take “some time” to achieve the threshold for altering purchases, making clear the central bank’s not close to tapering them.

Bullion has lost more than 3% this month, its worst January performance since 2011, as traders weighed the strengthening greenback, prospects for more stimulus, and trajectory of the pandemic. Powell said that the widespread availability of vaccines was grounds for optimism, noting that “several developments point to an improved outlook for later this year.”

“Investors focused on the Fed’s optimistic tones on vaccinations, which suggest a strong recovery in the second half,” said Edward Moya, senior market analyst at Oanda Corp. “Gold can’t get its groove back until the dollar rebound is over. Gold’s consolidation phase continues, and the bull case should remain if prices can hold the $1,800 level over the next couple of weeks.”

Spot gold fell 0.3% to $1,839.37 an ounce at 8:45 a.m. in Singapore, after ending 0.4% lower on Wednesday. Silver and platinum dropped, while palladium was steady. The Bloomberg Dollar Spot Index rose 0.1% after surging 0.6% a day earlier.

Related news:

Dollar Rallies Most in a Month as Fed Stays Dovish, Stocks Slump Refiner Heraeus Sees Gold Reaching New Record on Stimulus EU-Astra Feud Escalates: Queensland to Open Border: Virus Update

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To: bull_dozer who wrote (167700)	1/27/2021 8:27:32 PM
From: TobagoJack	Respond to of 219931

'they' are trying to knee-cap or slam or club BTC, but unclear the nature of animal that be BTC, whether a baby seal or maddened gorilla. Let's see ... bloomberg.com Bitcoin (BTC USD) Cryptocurrency Price Back Below $30,000 as Momentum Fades - Bloomberg Bitcoin briefly dropped below $30,000 for the second time in the past week as the largest cryptocurrency struggles to regain momentum after reaching record highs earlier this month. The digital asset fell as much as 8.7% to $29,241 Wednesday, before bouncing back from the lowest levels of the day to around $30,770. The last time it traded below $30,000 was Jan. 22, two weeks after setting a record high of $41,982. The token surged 300% in 2020 amid speculation that institutional investors were piling in with interest rates at rock-bottom lows. Companies such as MicroStrategy Inc., Square Inc., and crypto miner Marathon Patent Group Inc.have all added some of their company’s cash reserves into Bitcoin amid the rally. The drop is a reminder that Bitcoin is still prone to wild swings. According to Matt Maley, chief market strategist at Miller Tabak + Co., a meaningful break below $31,000 on a closing basis would spell technical trouble for the token. The last time Bitcoin ended a trading session below this level was Jan. 1. Additionally, the coin dipped below its 50-day moving average before bouncing back. “A close below Bitcoin’s 50-day moving average of $29,000 would certainly qualify as a meaningful lower-low, thus it would confirm the change in trend.” What to know in techGet insights from reporters around the world in the Fully Charged newsletter. The drop occurs as speculative focus appears to be shifting toward stocks like GameStop Corp. and AMC Entertainment Holdings Inc., and the frenzied retail buying has spilled over into the options market. Some industry participants point to this as a positive for the cryptocurrency, which they longed labeled as anti-establishment. According to SkyBridge Capital’s Anthony Scaramucci, the move is an affirmation of financial decentralization, which has long been the guiding force behind Bitcoin. SkyBridge has around $385 million in overall Bitcoin exposure. Antoni Trenchev, co-founder and managing partner of Nexo, said fundamentally nothing has changed, but he added that the rally was overextended and the pullback is natural. “The long-term prospects remain very bright. Short term, we might continue to see fluctuations and that’s to be expected,” he said. “It’ll be interesting to see whether we establish ourselves below $30,000. If that’s the case, we are going to revisit $25,000 and then $20,000. As long as we are above $20,000, we are still in a bullish market.” — With assistance by Vildana Hajric, and Kenneth Sexton (Adds comment in the fourth paragraph. Updates prices.) Before it's here, it's on the Bloomberg Terminal. LEARN MORE

To: bull_dozer who wrote (167700)	1/27/2021 10:30:09 PM
From: bull_dozer	Read Replies (1) \| Respond to of 219931

Fed's Powell: Don't blame us for GameStop frenzy Those thinking the latest and most glaring evidence of stock market froth - the more than tenfold increase in GameStop Corp shares in two weeks - might draw Federal Reserve Chair Jerome Powell into a “mea culpa” moment may be disappointed. Powell, a former private equity industry attorney who knows a thing or two about a stock price, on Wednesday declined outright to comment on the extraordinary rise in the shares of an unprofitable company that seemed proof positive the market had become detached from reality. In his press conference following the Fed’s latest two-day policy meeting, he pushed back on the suggestion that the Fed’s super-low interest rates and massive bond purchases were creating asset bubbles, such as the one apparently forming in GameStop that has transfixed market mavens and the general public alike. reuters.com