@notashenone @WatcherGuru Exactly, just like how internet was full of scams when it was newly invented and after government regulations came in, it started to flourish
@johnjhin7@Jhinster1 Yes, CCJ, DNN and UUUU all have reached a pivot point ready to burst. Especially DNN, notice how every top of the triangle hits the fibonacci lines perfectly. And now it has broken out upwards and retested the support/resistance line. Anyone with basics know what happens next.
@GraphFinancials@Jhinster1 I beg to differ, what’s important for near term market behaviour is that the entire market sentiment gets heavily influenced by the fed’s attitude towards inflation, interest rates and employment. Whenever a fed person says something, especially powell, it decides the market tone
@Jhinster1@WileGenius They can actually keep coming up with new toys to pour money into (art, nft art, bitcoins) so that people still dont have money on their hands and inflation get controlled. The other way to combat too much money in circulation, is to invent ‘spaces’/accounts to distribute money
@Jhinster1 I agree that at this point, they are desperate to prevent the economy from failing but at the same time balancing the needs of pacifying the Elites. To be very honest, I dont see how this can go smoothly without problems.
@LestonEric@CryptoP6814694@Fractal_Edge@CosmicIndiffer1@JoeriSchasfoort It is not only about the commodities, it’s the bond yields, with insane interest rates, the largest amounts of money seeks the safest investments option, in this case US bonds. Even if it’s solely due to buying commodities, how does it prove the cause is not money printing? Joke
@LestonEric@JoeriSchasfoort Of course it is related to the abundance of dollars. The insane amount of new money printed? Inflation reduction act, chip act and student loan forgiveness? Insane amount of money diluting the dollar, what are you saying, quote “No think to do with abondance of dollars”?
@derekquick1 If that’s the case, diminishing supplies solely for the western countries, do you think it will push the global commodity price though? How does it work if it will?
@derekquick1 This means that if China gets to secure Uranium from Kazakhstan (I guess large amounts since it’s China and they’re building reactors) how much left for the western countries during this sanction war? Does this means supplies for US, Canadian and Australian miners are less?