Government bonds look poised for a further drop, but have already reached historic lows. Continued dumping of treasuries will benefit ponzi markets such as stocks, bitcoin, metals etc. Should banks chose to buy (and they will eventually) bonds on mass this will lead to a huge sell-off across markets. A continued parabolic dump on bonds will lead to an associated...
We could have false broken out of the diamond or on the verge of a retracement. either way, im bearish for the short term. ps. diamond patterns are reversals, coincides with the eur/usd massive H&S pattern on the montly currently double topping at the retest of the neckline. yup.
As gold bulls start out their ideas out with today, I will keep the beginning short - yada yada yada fed pumping liquidity, yada yada yada new bear markets, yada safe haven assets, yada global crisis, yada dollar going to zero. Now that we got that out of the way, I want to talk about the medium-term game: I think currently, the whole world economy is in a...
If we dont see some bullish candles soon, this is going to suffer a bit. not a major correction in my opinion. i was predicting eth to hit $32 where it would stagnate and weaken. but i guess it's run out of gas. thats the problem with having a whole 90 million ether available.
Learn And Eearn. P!