Gold almost clocks $5600

Boy was I wrong. I thought it would retrace and regroup after hitting 5k. DLS said it would be a blow off top but this is amazing. I know that US retail has been buying and central banks. Anyone else? If it’s a blow off top it’s supposed to come down on the other side….but when is that?

BTC range bound. Pattern still seems to be long term holders selling, MSTR buying and traders swinging.

AUD at USD 0.7045 – my impression is that it’ll probably go higher as RBA jacks up interest rates to counter inflation and fed holds due to weakening US consumer.

I was disappointed nobody commented on the links I shared last time so no links this time!

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A Fly In Your Ointment

You’ve come to the wrong place mate for nice topics like this, if you wanted comments on the original post.
Sling some fecal mater in the direction of “you know the list” and see the explosion.

Knowing exact reason why the USD (was?) dipped will probably make predictions easier.
I reckon USD will be disposed in foreseeable future as they decide to shift to a chosen crypto to tectonically slomo default on all the debt they have (by running double currencies).

https://m.youtube.com/watch?v=vjD3EVC1-zU

OzCuck

The original fiat will be the dominant fiat. It’s backed by the biggest military ever.

Russia and China will have to trade with metals there’s no way they’ll trust each other with each others currencies.

A Fly In Your Ointment

Crypto will be the new fiat. Can print them as many as you like, farken Zeros and Ones are abundant. Just not now, not until all the doofuses who bought them lose it all and shift to crypto. It’s a honey trap.
Trading metals always came with stability and earned prosperity.

A Fly In Your Ointment

Crypto will be the new fiat. Can print them as many as you like, farken Zeros and Ones are abundant. Just not now, not until all the doofuses who bought USD lose it all as everyone shift to crypto. It’s a honey trap.Trading metals always came with stability and earned prosperity.

A Fly In Your Ointment

https://www.news.com.au/finance/its-all-gone-man-devastated-as-1bn-superannuation-collapse-wipes-out-savings/news-story/904d8c2f87d31393557671d184321a92

When Llewdo’s Super is wiped out there will be no Lambos to recover. For Lambos one had to have created some real surplus wealth at some stage.

I’ve long time lost faith in super despite it making on average about 8-10%/yr for me. The chances some global event can wipe it out like it did in 2007 are quite high and then there are frauds. It’s just too much of the faith in places which are driven by a different set of values.
Im delving into going SMSF to invest into commercial property which I can lease back legally, thus my commercial rent money goes straight into super and not to some wanker astute investor or a pure fraud like Llewdo. It is probably the most tax beneficial financial vehicle for anyone needing commercial space. I got the idea from a surgeon who parks additional $60k into super every year through rent, on top of the concessional $30k. Good for up to $3mil and even division 296 tax does not spoil it by much.
Finance is harder to get but at 50% deposit it may be easier.
On average, a $1.5mil commercial property rents at about $50k-$70k pa net.

OzCuck

So are wogs gonna take control of their own central banks or what..

What about the Macedonians or the Maltese. They’re all wogs and have some sort of historical context and identity.

I could do with a donor kebab.

A Fly In Your Ointment

😂

LSWCHP

It’s been quite a while since the AUD had a seven handle.

OzCuck

Only took 5-6 years for people to wake up to the crypto fraud. Le pumpy le dumpy.

Miners might be the next to go I got a few dollars in SVL ASX but its been held up by mass immigration voootin nimbys and the approval will or wont happen until later this year I think.

Gold miner etf looking appealing as something safer.

OzCuck

I hope your crypto affords you many more little mousey Christian offspring. But you have to admit you’re not equipped for this war. You’re gay.

A Fly In Your Ointment

Imagination…. you have it…. just use it

robert2013

How things change. Less that 24h later:

  • BTC is at US$82,000 and falling
  • Gold down to US$5100
  • AUD down a bit too

Things l listened to a couple of weeks ago suggested some kind of correction was immanent, but expectation was that it would be temporary. Let’s see.

OzCuck

Much needed correction.

Wasps and jews got yo ass. The rest of you are just visiting.

https://www.youtube.com/watch?v=LbbxQqKXUIk

How true is that now I wonder. Ownership percentages.

A Fly In Your Ointment

@ Roberto

Boy was I wrong. I thought it would retrace and regroup after hitting 5k. DLS said it would be a blow off top but this is amazing.

Gold moved again.
Would one have scored if one followed his brainfart estimation?

robert2013

If I’d bought in at 5k, I don’t think I’d have sold at $5600. I’m not familiar with this sort of market action. I’m waiting to see if it retests 5k.

A Fly In Your Ointment

If I’d bought in at 5k, I don’t think I’d have sold at $5600.

Age old trap. How does one cash out when “it can make much more money”.

Everyone sane (I read) reckons gold will double in USD by the end of Trumpstein regime. Bc USD will be worthless. Trumpstein just exposed the emperor as naked, it was baked in long before him.

It looks like you still pay subscription to EmBee.
Have you made at least $1 more than what the annual EmBee subscription is – by following Llewdo’s advice, ever?

robert2013

I didn’t buy a house in perth in 2013-2020. Good advice from MB, saved me ~$100k. I haven’t had a sub since this site came along though. Today I only read the freebies. Thinking about rejoining. They still do useful work IMO.

A Fly In Your Ointment

Yeah.. broken clock.
Good thing it worked out for you.
At least someone did not miss out on everything on Lewdo and Bleato advice

stagmal

silver got annihilated on friday. starting to feel like things are really getting scary. so much money has been pumped into this ai shit and i still dont know what’s to show for it.

robert2013

The coding abilities are getting good. Single developers now doing the work of several. Lots of developers being laid off in the US. Worth exploring for yourself. Try coming up with a few ideas for apps you’d like and ask an AI to develop it…eg claude cowork. Open source alternatives available. Are you still unemployed?

stagmal

Check out Ed Zitron imo the best critic of AI around today

https://youtu.be/gJ8pa9NiWm4?si=DI6g029P8svC0zSS

A Fly In Your Ointment

Oh, noice, you’re back!

When did you get out of gaol?
😉

A Fly In Your Ointment

Check out Ed Zitron imo the best critic of AI around today

https://youtu.be/gJ8pa9NiWm4?si=DI6g029P8svC0zSS

Check this:
https://thomasrigby.com/posts/edit-your-youtube-links-before-sharing/

stagmal

Works for me get off ya fone Xoomer

robert2013

BTC down below $80k. How far to fall?

Based on nothing rigourous, I reckon it’ll get below $60k this cycle.

I’d like to hear your views.

stagmal

Yeah I wouldn’t touch it until mid this year when the next cycle is probably going to start

OzCuck

Feels like it’s all over. People been looking for a ponzi to counter the boomer ponzi but you can’t beat houses as the obvious choice and banks aren’t gonna lend to the average schmuck for silver or bitcoin and there’s too much competition to be the latest meme investment, whether it be a crypto or a normal stock there’s too many to choose from so at best you’ll get quick pumps and dumps like with doge and hawk tuah.

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