nabullion

nabullion

If my last 2014 vs. 2018 comparison didn't convince you of its predictive power, then by all means stay poor. For the rest of us, here's the play: we're going to retest the previous low in a few months then crawl out of that pit in Q4 as we bump against the long term support. Plan accordingly. The game does not change and neither does human nature. - Edwin Lefèvre

nabullion

- But the basis of banking is credit, is it not? - Not always. That is an evidence of banking, but it is not the money itself. Money is gold, and nothing else. Testimony of J. P. Morgan before Congress, December 1912. Chart says it all. From the printing press to the stock market to precious metals. You know the drill. This post was not sponsored by Peter Schiff.

nabullion Updated 

"Heikin-Ashi Candlesticks filter out some noise in an effort to better capture the trend and represent the average pace of prices." Bitcoin 2018 bear market vs. 2014. Each major trend finds its 2014 counterpart, presaging one last major selloff as whales scramble to the exit door. So long as there is hope, bids will keep stacking up and whales will keep dumping...