Afternoon everyone…..
Since I’m burning the candle at both ends right now trying to meet my deadline for a kitchen job. I have been catching up on podcasts,
While I’m sure that I don’t need to tell you about all the uncertainty in the world right now. There are numerous countries scrambling trying to figure out how to save themselves from complete destruction.
For many it’s already to late…
Here are some very KEY numbers to watch closely over the next couple weeks….
The United States Dollar Index keeps climbing…. This is bad for pretty much all other countries. Why? Because it is the world reserve currency, which makes each country that imports or exports with the United States make less money.
In listening to several different podcasts, there were several analysts that believe the dollar index will continue to climb over the next several weeks. This is great if you are traveling abroad, your exchange rate will be very nice.
A few of the analysts warned us to watch out for China. They are lying in the weeds waiting to pounce.
Now for Bitcoin…
In one of the podcasts in my playlist the two gentlemen talking named several extremely large holders of Bitcoin playing chicken with the general public. They are trying to buy it all back up at lower prices and monopolize the market. There were two institutions that have joined in on this. Unfortunately at the time I was in the process of a glue up of boards and didn’t write down the peoples names as they mentioned them.
I do remember the ultimate bottom number they would like to see Bitcoin at which was $12,000 a token.
Crude Oil pricing…
Gas is currently just over double the price it was per gallon this time last year. Oil companies are boasting record profits while we all struggle.
There is no one entity that can lower the fuel prices. Not the President, not the Queen no one person has that control.
If fuel prices don’t come down soon, all these interest rate hikes to try and combat inflation will be useless. Companies have already started adding fuel charges to out going freight.
Copper price falls below $4 a pound for the first time in over a year…
Why????
Because global production has slowed down. Less cars being made, less electronics, etc. So the demand lowers, and then the price lowers…..
Gold & Silver….
Th we analysts were all over the place with this. But one thing they all agreed upon was that there is an absolute strangle hold on this market. The powers that be are doing everything they can to beat these numbers into the ground.
But why…
Because just like Bitcoin they want everyone to sell it off so they can control it even more.
All analysts also agree that gold will be under $1,800 shortly and silver will be under $20.