Future demand for the strategic mineral appears strong. Too strong, in fact, for the current supply pipeline. While that may pose a problem for battery producers, their problem is your opportunity.
Because more investors and larger piles of money can access bitcoin futures, chances are we could see bigger price surges in the futures market than in bitcoin itself.
A lower Aussie dollar may benefit the commodity sector and other export-reliant businesses. But it also drives up prices for consumers. Because we import so many goods, a lower currency means that you’ll pay more for goods.
Trading sounds hard to a lot of people. Professionals devise complicated algorithms, computerised models with thousands of inputs, or they work on charts with different indicators feeding into a complex buying or selling processes. Here’s the truth: Markets are actually not hard to understand.
What we are starting to see is a mid-cycle peak. Phil explains that this has happened all throughout history. But most people are likely to mistake it for a market top. When, in reality, it may only be a half-way point.
Amongst the hustle and bustle of the Azraq refugee camp, a blockchain revolution is brewing. For months, aid payments had been delivered to refugees via banking middlemen. Due to the remoteness of the camp, the transaction fees were high, the transfers slow, and the delivery unreliable. But no longer.
Central banks have blown the biggest bubble in history. History shows us that ALL bubbles eventually find a pin. The looming collapse of the financial system will come as a huge surprise to many people. They’ve been conditioned to believe central banks can solve all problems. Nothing could be further from the truth. They are the creators of problems.
The future of money is here. And global markets are getting ready to place their bets. This Sunday, bitcoin’s legitimacy will soar to a new level. The CBOE Group Inc. launches the first cryptocurrency futures contract on Sunday night. The bitcoin market is about to get a whole more interesting.
Don’t think for a moment the banks aren’t prepared. While all the political shenanigans have gone back and forth, the banks have been combing over their records to see what else is out there. When the bank executives front up, there is every chance they’ll know about, and be prepared for, whatever comes their way.
Sunday, 10 December. Make a note of that day in your diary now. Why? Something big is happening on that day. CBOE Global Markets Inc. will become the first exchange in the world to offer futures on cryptocurrencies. The largest futures exchange in the world, the Chicago Mercantile Exchange, will make its debut a week later on 18 December. You know what this tells you? The big money has found its way into cryptos.
Gold has barely reacted to any of the global tensions of late. Bitcoin, on the other hand, has stolen the spotlight. Perhaps it’s become the ‘new’ gold? I doubt it. I’m not concerned about gold’s future. I still believe it will go higher when the time is right. That could happen sooner rather than later.
There is something strange afoot in the markets. I couldn’t tell you what it is. But markets are screaming ahead with no real reason as to why they should be. On the flip side, the crypto market is still only worth US$200 billion. It turns out the ‘big boys in the bubble’ can’t touch it yet. But you can.
Aussie retailers are dropping like flies. Last week, ‘affordable luxury’ retailer OrotonGroup Ltd [ASX:ORL] announced that administrators were taking over operations. Oroton joins an incredibly long list of iconic retailers that have gone under in the past two years. The retail landscape in Australia is bleak, to put it mildly.
You may have heard it referred to as ‘Dr Copper’. That’s because the base metal is so widely utilised that some pundits use it to measure the pulse of the world economy. The copper price has surged to its highest level in six weeks.
The modern system relies on trusting a third-party. That third-party is a central bank or government. Central bankers believe they can engineer asset-price inflation. That is, how much the value of assets goes up. If they control money, they can decide what it’s worth. Cryptocurrencies flip that idea around.