speedy1982
voted
Hi, mooers! ![]()
Recently, analysts pointed out that the global market turbulence would see buying in assets like gold and crude, which has quickly been confirmed in the market. According to the report, spot gold climbed 0.4 percent to $1,876.08 per ounce earlier on 13 October, while US gold futures rose 0.3 percent to $1,888.8 an ounce. "Gold is a perfect hedge against global market turbulence," said a market economist.
At the same time, Brent Crude, t...
Recently, analysts pointed out that the global market turbulence would see buying in assets like gold and crude, which has quickly been confirmed in the market. According to the report, spot gold climbed 0.4 percent to $1,876.08 per ounce earlier on 13 October, while US gold futures rose 0.3 percent to $1,888.8 an ounce. "Gold is a perfect hedge against global market turbulence," said a market economist.
At the same time, Brent Crude, t...
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The past week has been a dark period in the history of crypto, with the total market capitalization of this industry dipping as low as $1.2 trillion for the first time since July 2021. ![]()
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The turmoil, in large part, has been due to the real-time disintegration of $Terra (LUNA.CC)$.
Last week, Terra has officially stopped block production as the blockchain's native token hit a low of $0.0003, near zero.![]()
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In a tumble start...
Last week, Terra has officially stopped block production as the blockchain's native token hit a low of $0.0003, near zero.
In a tumble start...
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speedy1982
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$Bitcoin (BTC.CC)$ took a brutal fall recently, briefly dipping below $30,000 for the first time since July 2021.
The world's largest cryptocurrency is now worth less than half of what it was in the fall.
Bitcoin was once called "digital gold", and believed to be a good inflation hedge.
Why didn't things go as they were expected?
The world's largest cryptocurrency is now worth less than half of what it was in the fall.
Bitcoin was once called "digital gold", and believed to be a good inflation hedge.
Why didn't things go as they were expected?
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speedy1982
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According to this article (https://www.marketplace.org/2021/08/04/what-freight-rail-tells-us-about-the-economy/), Warren Buffett was once being asked which economic indicator he would choose if he were stranded on a desert island, and with access to only one set of economic statistics (e.g. consumer confidence, inflation, unemployment, etc.), and he picked freight rail traffic. The reason is that when rail is doing well, it usually means the eco...
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$ContextLogic (WISH.US)$ waiting for buyout 10b,12$/share
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$ContextLogic (WISH.US)$ What the hell, am I about to break a record low again? There's a lot of trash
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