@3PeaksTrading there could be a spike ahead in skew / market correction but this sort of data implies a market bottom is being carved out not a major top imo.
@3PeaksTrading Your post is misleading. High skew occurred BEFORE market turmoil of Feb-March 25’ where investors paid up for insurance. The skew in spring of 25’ -being as low as it is now - marked a major market bottom…. Not a top
Once $DJT really starts squeezing, $GME will squeeze simultaneously and there will be be blood in the streets.
@ryancohen and @TheRoaringKitty are about to exploit the lack of liquidity in the market caused by a MASSIVE $DJT #ShortSqueeze to #GameStop’s advantage.
JUST IN: Chinese gold imports declined by 58% in June, hitting their lowest level since May 2022.
Purchases of gold from 139 tons in May to 59 tons in June, even as gold has been trading in all time high territory.
China is the largest consumer of gold globally and has historically been sensitive to large price swings.
The weakening Chinese economy has also been an important factor driving lower demand, especially for gold jewelry.
In 2022, gold prices dropped by 15% after China rapidly reduced its gold imports in April and May.
Gold prices are overdue for a correction.
@dbleckmann could u please advise why one would not just buy SSNT now ? Will the ticker remain the same after QXO infusion of cash and closing of deal? 67m market cap I feel I am missing something here any details would be appreciated
@jon_langlois4 $ssrt I am unclear on the new ticker post reverse split and cash injection. The market cap is 67m with Jacobs coming in with billions converting to QXO are we just early or entirely wrong? Any clarity u have please advise
$nvda far better business than $csco was but that is a somewhat correct comparison. $csco benefitting $googl $AMZN and then $meta among others same as $nvda to $tsla today. The run nvda is on will pale in comparison to $tsla coming to theater near you eventually
Money markets at 6 trillion. Most powerful force in markets is tidal wave of cash on sidelines. We can debate all day over hundreds of factors that make us a bull or a bear. Remember the most powerful thing of all is sidelined cash. Particularly six trillion.
That could be it for the VIX spike for the 1st week of January.
The RSI indicator on VVIX/VIX should bottom here.
When VVIX/VIX goes up, the VIX goes down.
4 #Bitcoin valuation models: based on time, S2F-ratio, utxo, and difficulty. Crazy how accurate the difficulty-based model is right now! Will BTC price increase to the time- and S2F-based models after 2024 halving?
@APompliano If US dollar gets stronger won’t that hurt $BTC? Strengthening dollar is deflationary and bitcoin needs weakening dollar w inflation to maintain thesis? Thoughts are really appreciated