After CNBC ran the news story that bitcoins turned $100 into $75 million in just a few years, I began researching how to buy bitcoin like everybody else. Here's my story that I hope can save you from doing what I did.
Trump's big mouth and Twitter account did him in. Court says because campaigner Trump said he would ban Muslims from entering the country, that is the real intent of the travel ban which is unconstitutional. Traders are wondering if Trump can get any part of his agenda done.
China in full propaganda damage control... Claims Moody's overstated China's debt problem. China says that Moody's downgrade isn't fair and that countries in Europe and the United States are treated better. Moody's should have downgraded China years ago after the China-fraud story broke about "Ghost Cities" IMO.
One of the biggest failures of Trump was not labeling China a currency manipulator "on day one" of his Presidency. The Yuan was up +1% to the US dollar in 2017, making US products more competitive against Chinese products. China will hold the peg awhile and then release it which will cause the Yuan to fall harder and faster against the US dollar, effectively giving Chinese products a big advantage over US products.
XAU was the biggest industry gainer today up 1.2%. Rising rates push the US dollar up which pushes gold down. More traders are betting that the pace of rate hikes will slow after June and so gold will move higher.
Instead of doing what's right from a financial point of view, Republicans are primarily interested in preserving their control on power in the 2018 midterms. When both parties are too afraid to do what's financially right for fear of losing power, a country is destined for a bankruptcy.
What about the insider trading that took place recently in the Moody's downgrade of China? MOMO had a great earnings report but fell about -5% hours before the Moody's downgrade of China was announced. I bought MOMO to take advantage of the price and fundamental divergence only to get stopped out for a loss. Will the SEC go after Moody's for leaking the information before it went public? I doubt it. Be careful. There is rampant insider trading going on now.
Algo trading, aka quant trading, now dominates Wall Street. AI programs have been learning that buy the dip and buy the breakout are two strategies that work in this market and so the AIs that dominate trading are learning to do this more and more. The Fed is even basing interest rate hikes on price action in the stock market. What do you think is going to happen when all these AI software programs trigger sell signal sub-routines at the same time when the market moves lower and buy the dip doesn't work?
Gerald Celente totally angry, says globalists create the violent situation with open borders and fighting wars in the name of regime change, and then they cover it up by saying, "We're not going to let this happen again." But they created the problem in the first place. Now their going to listen to every phone conversation, track everything we do online, set up cameras to track you in public, and track everything you buy.
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