AUD is going to drop to 62/64c for a number of reasons
-RBA is going to halt rises
-AUD economy is not good
-25% of Australians are now negative on their home loans
-Retail sales are dropping and spending is decreasing
-Banks are not stable
AUD might head up 1c before dropping 3-4c
or it might drop a few cents in the next month
Retesting 66.8 - Heading south with commodities
Silver its major correlation is down - lowest in years
Iron ore its major correlation is heavily down - lowest in years
It will follow the same trends
As you can see from the first three open ended drill holes the SP has spiked.
We are looking for the next assay results and drill hole results on the 3km open ended find for SP to sky rocket.
This is a massive copper discovery right next door to Sandfires 50Mt copper mine
See below 67.1 is the next point we are heading to on the graph before a swing reversal
Problems
-iron ore has crashed
-wheat has crashed
-China has big Covid problems (CV19 is now back in Wuhan again)
-silver is crashing which AUDUSD follows also
Commodoties heading south as we are heading into a recession
Gas/Oil heading down
Iron Ore is heading south with lower demand in China which is Australias biggest export
Wheat is going back down
Copper is going back down
Wheat Heading back to $700-800 range, supply has now surpassed the demand.
Ukraine is now shipping wheat from Moldova and shipping out via train etc
Russia is supplying Ukraine wheat from Mauripol
Russia is supplying wheat to Bandladesh and a number of African countries
Australia has had 20% bumper record crop being on the top 3 wheat producers
Price will...
Retracing to $23900
Not sure if the whales will take it further up or down afterwards.
Next month on the next CPI data it might crash further but we might get up to $24750-25000 in the next 3 weeks before the next CPI / inflation data out of the US.
Massive problems in Japan
They do not have any inflation problems unlike all the other Western counties
JPY 10 year bonds are 0.24% opposed to 3% in US
2 year bonds are negative still 0.07%
The economy is slowing and no inflation problems.
Why would you keep your money in JPY YEN at such low rates at the moment.
Japan has massive problems and it will...
See by the graph we are approaching 0.001 to 0.002 by July.
Player numbers are down to 580k and losing around half a million per month or approx 100k per week.
There is no money to earn playing the game so it is just for fun now.
Inflation is 20:1 on SLP token which is approx minting 30M to 3M which is 10 to 1 ratio. That ratio of inflation is unsustainable in...
See by the graph we are approaching $5 to $13 by July.
I am worried the APY is 100-500% which is higher than what Luna was offering. Just be careful when APY is very high. When everyone pulls out it can crash quickly.
Player numbers are down to 580k and losing around half a million per month or approx 100k per week.
There is no money to earn playing the game...
The collapse of AXS after $600M hack and all funds stolen. Funds were sent into Tornado Cash. After multiple cycles it is so hard to trace. Most crypto was withdrawn in exchanges in countries the US can not extradite.
People have stopped playing as players can not withdraw funds. Players in PH have stopped coming to work. SLP is worth almost nothing so there is...
-Reasons
1. USD will go up further due to inflation and big interest rate hikes
2. RBA will not raise rates till 2023 as inflation is very low
3. RBA is not happy with wage price index not going up
4. Chinese inflation is declining meaning less buying of Aussie commodities
5. China is controlling iron ore pricing with new structure so they will lower the price...
I posted this chart a month ago and the trend is correct. It is heading to 0.68
Factors
1. Ukraine Russia civil war etc
2. Chinese real estate bubble
3. Fed pull back
4. US interest rate rise with high inflation
5. Aussie inflation is less than 3%
As you can see AUDUSD has peaked from the last drop and is now heading to 0.68 over the next few months
I posted the trend a few weeks ago and it seems like it is following the downward trend from my original post.
Reasons: US Fed raising interest rates in March this year (90% chance) and AUD will not raise rates in Australia until 2024 according to RBA. Iron...
Major factors
1. China slow down
2. Fed interest rates annoucment for 2022
3. Aus interest rates hikes not till 2024
4. Iron ore slow down - biggest export for Australia
5. Evergrande impact on Australia - Australia's biggest iron ore customer
6. AUDUSD correlation with silver which is also declining in the same pattern
Heading to 0.67-0.68 over the next few...
As you can see from each of the waves in the growth of Luna. We are currently at the bottom of the next dip (market crashed approx 20% from the Fed annoucement) and now the trends will head back above $100 heading towards $120.
Total market cap dropped from $2.2T to $2T so the market will gradually rebuild and may hit $85-87 over the next few days as the market...
