At $7,000 per coin, BTC's price remains 600% higher than 12 months prior.
Traditional fiat money is doomed - the host coins a new crypto-battle cry: "Bitcoin is an unstoppable fiat money, computer virus."
Arch Crawford, head of Crawford Perspectives, outlines his technical perspective on US shares, gold, silver indexes.
Our guest continues to monitor the technical condition of the PMs sector, noting the positive inverse golden cross.
Given the sharp advance in the gold, silver, commodities, XAU and WTIC , Arch Crawford is anticipating a new bull market, music to the ears of PMs aficionados.
Regarding US equities indexes, volatility was too low for too long - he expects a return to the mean resulting in a capitulation moment.
His account remains short equities since January 15th without margin. After the 3 day Easter / Passover weekend, stocks could rebound from lows.
The new $60 billion trade tariffs imposed by the Administration on China, suggests increased tensions between the US and China / N.K.
Should relations continue to deteriorate, the potential for military conflict may add a new twist to the geopolitical / financial arenas.
On the domestic economic front, the discussion veers to the hawkish FOMC rate hike strategy.
The current Fed Funds Futures (FFF) at the St. Louis FRED website indicates low odds of another rate hike at the upcoming May meeting.
Odds are high for June rate increase to 150-200 basis points (80% odds); about even odds of a final 2018 increase at the December meeting.
The threat of higher rates has rattled some perspective home buyers, resulting in higher SFH default rates and potentially ending the echo housing bubble (figure 1.1.).
Road to Root-A
Bix Weir has 30 years' experience in the financial industry with various fortune 500 companies. He is the creator of the "Road to Roota Theory" and his commentary is published at www.RoadtoRoota.com. Bix has dedicated his efforts over the last 15 years to exposing the long term manipulation of the gold and silver markets. He has worked closely with the Gold Anti-Trust Action Committee helping to pull the curtain away from the Cabal of International Bankers that has taken control of our free market system.
At RoadtoRoota.com Bix deals with the conspiracy and manipulation side of the gold, silver and financial markets and is not constrained by conventional thinking of how market prices fluctuate. Bix has developed this website to aid in the discovery of the truth behind our massively manipulated markets and to help expose those who threaten our free market system.
Arch Crawford cut his technical analysis teeth as first assistant to top Wall Street technician Robert Farrell at Merrill Lynch in the early 1960s. In 1977, following Arch’s extensive research into astrophysical phenomenon, astrology and its correlation to market performance, he edited and published the premiere issue of Crawford Perspectives market timing newsletter.
Today, nearly 40 years later, Crawford Perspectives continues to bring readers one of the most highly regarded and consistently accurate market timing newsletters available.
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