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hector

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Everything posted by hector

  1. The main alts (litecoin, Ethereum and bcash) have made a good leg up today. Here's hoping they stay up.
  2. Bitcoin ETF is Coming: Hopeful US SEC Chief Says Approval Only a Matter of Time Buy the rumor...
  3. Seriously nice work here. Showing how it should be done. I will follow in future for oil related trading. ===== TOP of Page charts > added by DrBubb, in edit: OIH / Oil Service ... All-Data : 10yr : 5yr : 2yr : 6mo - 10d / YE'18-update / Last: $14.03 / YrL: $13.13, H: $29.86 ---> vs. components: 6mo Top5 : nxt5 : drlr : oth : bells o uo/ 10d Top5 : nxt5 : drlr : oth : bells o uo : bats : OIH etc ... 10d : Daily from 6.19 : Updated 1/04 $15.19 / prior charts: #1, 2, 3, 4...
  4. Average Joe will start getting in about 3 years from now. It will start with the wealthy first - think institutional.
  5. Perhaps. Or maybe the next shock will come from people en-masse moving their wealth into cryptocurrencies, causing bank runs all over the place.
  6. I may be influenced by my long position, but the fundamentals behind Ethereum are not too bad. In fact, even with Bitcoin there have been announcements around futures and custody such as Baakt and Fidelity. So, not all doom and gloom, but this could be an instance where the market remains irrational longer than you can remain solvent. https://www.ccn.com/final-testing-phase-fidelity-nears-launch-of-cryptocurrency-trading-custody-platform/
  7. Facebook are getting into the blockchain game, not sure what difference that makes to shorting right now.
  8. I agree that the stock doesn't inspire confidence, but at the same time gold looks like it's proving itself so this will be a long term hold.
  9. I lent a hand to this today by buying half of my intended position. If it drops more I will acquire the other half.
  10. Why is this necessary? It is because the establishment have played the same old song of higher house prices and telling people they are better off via wealth effects. Meanwhile the claims of no inflation are contradicted by the increasing inability of first-time buyers to afford housing even with ultra-low mortgage rates to help. In this instance the mortgage is 100% of the loan for the people taking it out but payments are backed for 3 years by a family member or members. The Lloyds deal requires that a member of the family – such as parent, grandparent or close relative – helps out. The bank will only grant the 100% mortgage if the family member puts a sum equal to 10% of the value of the property into a Lloyds savings account. I have looked it up and their liability is limited to the first 3 years. At the end of the 3 years, you will be able to take out your savings plus interest. That’s as long as the buyer hasn’t missed any payments or their home hasn’t been repossessed. Frankly if payments are in danger of being missed it may suit the family member to fund them. But unless things go dreadfully wrong after 3 years we have what it a mortgage with only a little equity as not much is repaid in the first 3 years. But as ever we see something of a round-tripping cycle between the central bank which pushes cheap liquidity to the banks who then pump up the housing market. Vim Maru, group director of Lloyds Banking Group, which also controls Halifax, said: “We are committed to lending £30bn to first-time buyers by 2020 as part of our pledge to help people and communities across Britain prosper – and ‘Lend a Hand’ is one of the ways we will do this. > source: https://www.investmentwatchblog.com/the-banks-continue-to-be-troubletroubletrouble/ Looks like the next banking crisis in the UK is all but a certainty. Exactly what you expect given the psychology of the participants in the system, too big to fail, no criminal prosecution of bankers etc. I still maintain a long term bearish view of sterling and uk stocks and bullish on gold and Ethereum.
  11. Looks like the USD sell-off due to the ongoing shutdown is finally underway. DXY should touch 94 at the very least.
  12. I thought that GBP was weaker than EUR going into 2019 but after UK parliament rejected the Brexit deal the outlook for EU seems a bit more cloudy. Maybe EUR will be weaker than GBP in the medium term. Perhaps we will see another of the EU's cyclical crises soon. Not receiving that £39 billion from the UK has gotta hurt. So I think gold will outperform no matter what EUR does.
  13. I wasn't planning on letting mine go at $4, but might make sense if you have got alot. pg10 / Yr.End 12/31: C$2.82 - at $1281 Gold price (0.22%), C$Gold was C$1715 (0.164%) Update: 1/16/19: C$3.46 +22.7% in 2019 / 1-yr. Vs 200d : 377d.ma : 610d : 987d. : Mkt.Depth : SH-gcm : Date------- : GCM.t: CAD$: $Price: ShOS MktVal : 8%-Debs: Date: Cash: EntVal. / $Gold : OZ's/ Prd. years.: 221wtx12.2M 08/10/18: $2.44 x.761= $1.857 48.2M $89.5M: $98.0M: Est.: $28.0: $159.5M /$1219: 131k/200: 0.660: $0.23=$2.81M 10/02/18: $2.40 x.780= $1.872 48.2M $90.2M: $93.1M: Est.: $28.0: $155.3M /$1204: 129k/212: 0.609: $0.19=$2.31M 12/31/18: $2.82 x.733= $2.067 48.2M $99.6M: $83.4M: 12/31 $29? $154.0M /$1281: 120k/217: 0.554: $0.61=$7.44M 01/03/19: $3.18 x.741= $2.356 48.2M $113.M: $83.4M: 12/31 $29? $167.0M /$1295: 129k/217: 0.594: $0.97=$11.8M 01/04/19: $3.15 x.747= $2.353 48.2M $113.M: $83.4M: 12/31 $29? $167.0M /$1284: 130k/217: 0.599: $0.94=$11.5M =========
  14. I liked this. Made the subject fresh and interesting for a change.
  15. Looks like rocket boosters have engaged on this one Your biggest position DrB, must be absolutely thrilled.
  16. Hope you've had a nice break. I won't have much to say about gold for now as prices seem to be developing as expected. Silver seems to be tagging along for the ride. I think cryptos may still be sluggish but the one I hold, Ether, seems to have a strong v-shaped bottom. I had mentioned of selling some before Christmas but I bought it all back and then some around the 130 level.
  17. Extremely tricky few days around the Christmas break - will be interesting to see where all the pieces end up in 4-5 days time. Gold extremely encouraging. Not as bullish on the cryptos right now. == following section was added in edit by DrBubb == Top of Page Charts (Odd) : Channel-GE : MP : PP : Charts : Acore : Fringe : Ag B E G H : : : : : :: : 3d : ag : au / Btc / 8yr: 12mo : 5m : 2m : 1m : 25 10 5d 2d / spiral Goldstock : HK-2840 : GBS.L : GLD : GDX : NUGT : tza/faz -- HKpeg : DXY : StkX : 10-d : SPX : sjw : img : HK 3081: 2899: 1051: hs / UK: POG / ABX : Sil : IAG : dba-etc. ... lot : PB : CVN : CC2 : BTC 1m 2d : SLV-lv ==========================================
  18. Sold some ETH this afternoon... expecting/hoping for a little bit of a correction
  19. I feel vindicated for cutting my loss on oil. In happier news, I'm glad I bought this dip in crypto (Ethereum specifically). There's a real risk the next bull run has started - I put the odds at 30-40%. Also, gold looks like its ready to continue its raging bull market, FOMC could be the catalyst.
  20. Nice laser beam spotted on bitcoin cash right now. No stopping that train.
  21. hector

    GOLD

    One week later, and we are almost to the £1000 target. Currently £992.
  22. I've been playing around with the new crypto interest rates market Compound (https://compound.finance/). Currently it is paying 15% APR on DAI balances. You can either borrow DAI against ETH using a CDP (https://cdp.makerdao.com/), or convert USD to DAI at an exchange at nearly 1:1 rate (since DAI is supposed to maintain its rate with the USD).
  23. Bitcoin should have a nice short squeeze today Probably back above $4000
  24. hector

    GOLD

    Gold to sterling heading against resistance. May's government is about to fall, gold will not fail this time. £1000 oz by Christmas.
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