The globalists are trying to manipulation public perception in the UK through the use of fake polls. Globalists are willing to do whatever it takes to reverse the UK EU Referendum in which citizens voted to leave the EU.
In a Bloomberg article (link above) a cleverly named polling group called YouGov Plc showed Theresa May's Conservative party will fall short of a majority. The YouGov poll shows that Theresa May will lose about 20 seats and be stripped of her majority in Parliment.
Calling for an Election So Soon After UK EU Referendum
Theresa May opened the door for globalists when she called for an election. That was a bad move by Theresa May IMO, especially after what they did in France to secure a Macron win.
ZeroHedge (link above) published an excellent article about how Federal Reserve rate hikes will be the thing that causes the next stock market crash. Bull markets don't die from new Presidents, they are murdered by the Fed.
Should I use bitcoin is what everyone is asking. I'm not actually using bitcoin but instead am investing in it through OTCBB stock GBTC. I see the digital currency being rapidly adopted around the world and I want to invest in its growth.
Looking at search engine traffic, I see that the search phrase should I use bitcoin is surging higher over the last week. Personally I'm not interested in actually using digital currencies to buy and sell things. It's too hard to convert U.S. dollars into the digital currency right now. However, if a bitcoin bank opened up near me that made the conversion easy, I would consider using it for transactions.
Should I Use Bitcoin… What If It Could Save the World
CNBC (link above) published an article today called Skyrocketing bitcoin is more than just an investment — it could help the world, says investor. A top money manager, Rainer Michael Preiss of Taurus Wealth Advisors thinks that in a world where governments have devalued their currencies so much and debt has exploded higher, bitcoin might be the answer countries have been searching for.
My favorite way to buy bitcoin instantly is in OTCBB ticker GBTC and I hold it in my personal trading account.
I've probably responded to at least a dozen questions recently on if I think bitcoin is in a bubble. My answer is no, bitcoin is not in a bubble.
Just today we have more news coming out that shows growing demand for the cryptocurrency.
BITPoint Japan Co. is planning to give hundreds of thousands of Japanese retail outlets the ability to accept the digital currency according to a report by Bloomberg. I have linked to the Bloomberg article above.
Think about what is happening with this digital currency. In just the last few months we have Japan being the first country to recognize bitcoin as legal tender. We now have a yen bitcoin carry trade where as the Japanese government prints and devalues the yen, Japanese citizens can buy bitcoin to preserve their wealth. We will have more and more retailers in Japan accepting the cryptocurrency. We will be seeing lots of new reports coming out of Japan about how bitcoin is taking an expanded role in the monetary system. I would not be surprised to see bitcoin banks opening up in Japan like the kind we have in Austria. Bitcoin can't be in a bubble because the catalyst is massive growing demand for the digital currency.
The best way to buy bitcoin instantly is to use your online brokerage trading account and to buy OTCBB stock GBTC. You don't need to deal with any risky currency exchange service with a third-party provider that has the right to shut down your account at any time and you don't have to wait days for a bank transfer to show up in your account from so remote bank in Latvia or somewhere. You can buy bitcoin instantly in your own currency using Etrade or whatever online brokerage firm you use.
I think all of this evidence proves that the President has had business and personal relationships with Russia for many years but that doesn't automatically mean that he's guilty of doing anything wrong.
Remember, Hillary Clinton and Democrat's hacked emails showed collusion at the highest levels of government between CNN employees releasing debate questions to Hillary Clinton before the debate, and even their work to put in a left-leaning Pope who then came to the US and campaigned for Hillary Clinton. We even learned that Hillary Clinton's emails that she illegally stored on her own private server were indeed hacked by foreign entities.
Truth be told, most Americans are grateful to Russia if they did in fact help Trump win the presidential election over Hillary Clinton.
The only way the stock market takes a negative hit next week from this fake Russia drama IMO is if Jared Kushner really does turn out to be a Russian spy as in tried in court, found guilty, and goes to jail.
The S&P 500 index has broken resistance at 2400 which signs a possible bullish advance to the next resistance level at 2500. The Twiggs Money Flow has done a breakout of its decline over the last two months, signaling medium-term buying pressure.
S&P 500 Index
If the S&P 500 index pulls back next week, see if 2400 becomes the new support level. If it does, that would strengthen the bullish signal.
The problem with the S&P is the weak Russell 2000 which is not leading the major indices higher.
Everyone wants to know how high can bitcoin will go in 2017 after the internet bubble like appreciation over the last few months. The search phrase how high bitcoin go 2017 has exploded higher over the last week.
So many people are still bashing bitcoin (BTC) today. I use to be a basher. I was proven wrong.
How High Bitcoin Go 2017
Bitcoin (BTC) can go a lot higher by the end of 2017. Most people I talk with our still in a pre-2016 mindset about BTC. You know, BTC is crazy and it's not real money. My favorite is: it's the currency of malware developers and so that makes me too afraid to buy it. With so many people still bearish on BTC, the market can't possibly be in an irrational bubble.
I think BTC will hit $10,000 but not by the end of 2017. I prefer a more conservative guestimate of $4,000 by the end of 2017. My main reason for predicting that BTC will be higher at the end of the year than it is today is that the BTC boom from the mainstream media running stories last week about how $100 turned into $75 million in BTC hasn't even hit the market yet. This is the first long-weekend that Americans will have to research BTC and to get the process started of buying it. The authentication process for websites like Coinbase take days if not a week or more to actually get signed up. Then an additional 2 to 4 days is required to move funds from a US bank account into a BTC wallet.
How High Bitcoin Go 2017 and Japan's Yen-Bitcoin Carry Trade
BTC will keep going higher because the upward move is not being driven by speculators but instead by growing demand. Strong demand for BTC is coming from Japan and South Korea. Demand for BTC is soaring after Japan passed a law to accept BTC as a legal payment method which came in effect on April 1, 2017. Japan's SoftBank is making big BTC investments with tens of millions of dollars in different BTC related companies. Japan is the first economy to adopt BTC at the large corporate level and that's driving demand higher.
Think about what the people of Japan are doing. A major Japanese forex company is now letting people trade BTC and so there is a yen-bitcoin carry trade where you borrow yen at 0% interest rates and buy BTC. With the BOJ devaluing the yen, why would you want to hold yen when you could hold appreciating BTC?
How High Bitcoin Go 2017 and Beyond
Governments are increasingly looking at how to monitor BTC transactions. If governments are successful in their push for regulatory oversight of BTC transactions, we would see rapid mainstream adoption of BTC. Russia is adopting regulations on cryptocurrencies. The Deputy of the Russian Central Bank Olga Skorobogatova has called for virtual currencies to be treated as digital commodities. Russia is calling on its central bank to adopt regulations with a specific focus on tax, controls and accountability. What Russia wants to do is to make BTC transactions capable of being monitored by the government. If there’s a transaction, the people who facilitate it should understand from whom they bought and to whom they were selling, just like with bank operations. If Russia is successful at bringing oversight to BTC, you could see Russia and many other countries adopt BTC. In fact, the reason the SEC did not approve a BTC ETF last month was due to lack of regulatory oversight.
Jeremy Liew, the first investor in Snap Inc., sets a price target on BTC of $500,000 by 2030. The mathematics behind Liew's estimate are that currently there are 20 million BTC wallets provided by service providers like Coinbase and Blockchain. Liew expects the user base of BTC to grow 20 times in the next 13 years. If the user base grows to 400 million by 2030, that would put a price on BTC of about $500,000.
Opec oil prices dropped after the mainstream media reported that OPEC and non-OPEC oil producers had extended their current production cut deal.
My profit thesis was that this was a binary trade setup. Either OPEC approved the production cut deal which would push oil higher, or they wouldn't and oil would drop. In hind-sight that was a faulty thesis as there were many more possible outcomes beyond a binary trade.
OPEC Oil Prices Drop After Production Cut Deal
When the news broke on May 25, 2017, that an oil production cut deal was extended, the oil market still looked bullish for about 2 hours into morning trading. Many traders, myself included, took swing long trades. We all lost money.
Fortunately I set a stop loss and only lost about $800 in about 20 minutes on the trade. Below I break down the trade in real-time as we analyze the chart of USO last week.