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Unpopular Opinion: Bitcoin Does Not Compete With Gold. Stop Comparing the Two

5 Jun 2023 5 minute read 17 comments ssaurel

Bitcoin is often referred to as Digital Gold. In the early days of Bitcoin, it seemed appropriate to explain Bitcoin in this way, so that as many people as possible could understand an approximation of what Bitcoin is. This was a necessity, as Bitcoi...

The gold triad: Gold, Digital gold, Digitized gold

28 Jun 2023 8 minute read 6 comments MikeZillo

1 — Inflation and safe-haven assets. The world economy is undergoing a major crisis for two basic reasons: pandemic Covid 19 and the (presumed) war in Ukraina.In the first case, the shutdown of all production has forced states to run for cover by put...

What do Bitcoin, Iran and Israel have in common?

12 Apr 2024 1 minute read 3 comments Kovichni

Probably not a d*** thing. But you know how we talk about connecting the dots and recognizing patterns? US and Israeli stock dropped after it became clear there is no diplomatic solution and Iran will retaliate against Israel. Bitcoin dropped as well...

Gold Closes Quarter, Month, Week, Day At Record High

31 Mar 2024 3 minute read 0 comments SweptOverNiagara

Gold's Record Quarter! Since March 1, gold has smashed through no less than 18 records including intraday, daily, weekly and monthly close. With Thursday's record close above $2,233 before the markets closed for the Easter holiday, gold breached no...

My Thoughts on Current Markets-111

21 Apr 2024 6 minute read 0 comments Biologist25

On the Dow Jones side, last week, I particularly drew attention to the 37500 - 38000 range. Even though we did not make a sharp downward correction on the way up, the place where we corrected at least a little bit was the 37500 - 38000 range, which w...

My Thoughts on Current Markets-106

8 Apr 2024 2 minute read 0 comments Biologist25

Euro - dollar parity is at 1.0833 level. Here I will be following the 1.0750 - 1.0850 band range for this week. On Thursday this week, the European euro zone will decide on the euro interest rate. Whether or not there will be an interest rate cut her...

Gold Appears To Have A New Bottom Near $2,040

16 Jan 2024 2 minute read 1 comment SweptOverNiagara

The average gold price going back decades reveals a startling pattern, the bottom for gold is on the rise. For the better part of two decades, between 1996 and 2006, gold averaged around $350. The massive spike to over $1,900 (May, 2011) that follows...

My Thoughts on Current Markets-48

10 Dec 2023 3 minute read 3 comments Biologist25

Let's start with Dow Jones. I can say that he made a very fast movement and went into rest mode. It is resting in the 36000 - 36500 region. Currently, especially 36500's are important levels. This can be seen as the most important resistance before t...

Central Bank Gold Buying Spree Not Slowing Down

8 Sep 2023 4 minute read 0 comments SweptOverNiagara

It's not a secret anymore that central banks around the world (except Canada's) have been on a roll for the last couple of years buying up huge amounts of gold. Reports are coming in that the gold buying spree has continued unabated through summer. I...

My Thoughts on Current Markets-119

8 May 2024 9 minute read 0 comments Biologist25

FED convened. Meanwhile, the data coming to the FED caused the economy to stagnate a bit in terms of unemployment, that is, job demands, and I think the declines in gold and other bitcoins suddenly stopped. The downward movement in the indices has ca...