Best of the Week
Most Popular
1. US Housing Market House Prices Bull Market Trend Current State - Nadeem_Walayat
2.Gold and Silver End of Week Technical, CoT and Fundamental Status - Gary_Tanashian
3.Stock Market Dow Trend Forecast - April Update - Nadeem_Walayat
4.When Will the Stock Market’s Rally Stop? - Troy_Bombardia
5.Russia and China Intend to Drain the West of Its Gold - MoneyMetals
6.BAIDU (BIDU) - Top 10 Artificial Intelligence Stocks Investing To Profit from AI Mega-trend - Nadeem_Walayat
7.Stop Feeding the Chinese Empire - ‘Belt and Road’ Trojan Horse - Richard_Mills
8.Stock Market US China Trade War Panic! Trend Forecast May 2019 Update - Nadeem_Walayat
9.US China Trade Impasse Threatens US Lithium, Rare Earth Imports - Richard_Mills
10.How to Invest in AI Stocks to Profit from the Machine Intelligence Mega-trend - Nadeem_Walayat
Last 7 days
Gold Golden 'Moment of Truth' Is Upon Us: $1,400-Plus or Not? - 18th June 19
Exceptional Times for Gold Warrant Special Attention - 18th June 19
The Stock Market Has Gone Nowhere and Volume is Low. What’s Next - 18th June 19
Silver Long-Term Trend Analysis - 18th June 19
IBM - Watson Deep Learning - AI Stocks Investing - Video - 18th June 19
Investors are Confident, Bullish and Buying Stocks, but… - 18th June 19
Gold and Silver Reversals – Impossible Not to Notice - 18th June 19
S&P 500 Stuck at 2,900, Still No Clear Direction - 17th June 19
Is Boris set to be the next Conservation leader? - 17th June 19
Clock’s Ticking on Your Chance to Profit from the Yield Curve Inversion - 17th June 19
Stock Market Rally Faltering? - 17th June 19
Johnson Vs Gove Tory Leadership Contest Grudge Match Betfair Betting - 17th June 19
Nasdaq Stock Index Prediction System Is Telling Us A Very Different Story - 17th June 19
King Dollar Rides Higher Creating Pressures On Foreign Economies - 17th June 19
Land Rover Discovery Sport Tailgate Not Working Problems Fix (70) - 17th June 19
Stock Market Outlook: is the S&P today just like 2007 or 2016? - 17th June 19
US China War - Thucydides Trap and gold - 16th June 19
Gold Stocks Bull Upleg Mounting - 16th June 19
Gold Price Seasonal Trend Analysis - Video - 16th June 19
Fethiye Market Fruit, Veg, Spices and Turkish Delight Tourist Shopping - 16th June 19
US Dollar Gold Trend Analysis - 15th June 19
Gold Stocks “Launch” is in Line With Fundamentals - 15th June 19
The Rise of Silver and Major Economic Decline - 15th June 19
Fire Insurance Claims: What Are the Things a Fire Claim Adjuster Does? - 15th June 19
How To Find A Trustworthy Casino? - 15th June 19
Boris Johnson Vs Michael Gove Tory Leadership Grudge Match - Video - 14th June 19
Gold and Silver, Precious Metals: T-Minus 3 Seconds To Liftoff! - 14th June 19
Silver Investing Trend Analysis - Video - 14th June 19
The American Dream Is Alive and Well - in China - 14th June 19
Keeping the Online Gaming Industry in Line - 14th June 19
How Acquisitions Affect Global Stocks - 14th June 19
Please Don’t Buy the Dip in Nvidia or Other Chip Stocks - 14th June 19
A Big Thing in Investor Education is Explainer Videos - 14th June 19
IRAN - The Next American War - 13th June 19
Boris Johnson Vs Michael Gove Tory Leadership Grudge Match Contest - 13th June 19
Top Best VPN Services You Can Choose For Your iPhone - 13th June 19
Tory Leadership Contest Betting Markets Forecast - Betfair - 13th June 19
US Stock Market Setting Up A Pennant Formation - 13th June 19
Which Stocks Will Lead The Cannabis Rebound? - 13th June 19
The Privatization of US Indo-Pacific Vision - Project 2049, Armitage, Budget Ploys and Taiwan Nexus - 12th June 19
Gold Price Breaks to the Upside - 12th June 19
Top Publicly Traded Casino Company Stocks for 2019 - 12th June 19
Silver Investing Trend Analysis - 12th June 19
Why Blue-Chip Dividend Stocks Aren’t as Safe as You Think - 12th June 19
Technical Analysis Shows Aug/Sept Stock Market Top Pattern Should Form - 12th June 19
FTSE 100: A Top European Index - 12th June 19
Gold Surprise! - 11th June 19
How Forex Indicators are Getting Even More Attention in the Market? - 11th June 19
Stock Market Storm Clouds on the Horizon - 11th June 19
Is Your Financial Security Based On A Double Aberration? - 11th June 19
What If Stocks Are Wrong About Interest Rate Cuts? - 11th June 19
US House Prices Yield Curve, Debt, QE4EVER! - 11th June 19
Natural Gas Moves Into Basing Zone - 11th June 19
U.S. Dollar Stall is Good for Commodities - 11th June 19
Fed Running Out of Time and Conventional Weapons - 11th June 19
Trade Wars Propelling Stock Markets to New Highs - 11th June 19
Best Travel Bags for Summer Holidays 2019, Back Sling packs, water proof, money belt, tactical - 11th June 19

Market Oracle FREE Newsletter

Gold Price Trend Forecast Summer 2019

Bitcoin Hits All-Time High and Smashes Through $5,000 As Gold Shows Continued Strength

Currencies / Bitcoin Sep 02, 2017 - 02:21 PM GMT

By: Jeff_Berwick

Currencies

It feels like I am having financial Déjà vu as I write yet another blog about bitcoin hitting another all-time high! This one is kind of special though!

Our favorite currency just hit $5000 USD!


And Bitcoin Cash continues to trade above $600.

Meaning, if you owned bitcoin on August 1st and haven’t sold it yet, you now have a total value of over $5,600 of bitcoin and Bitcoin Cash!

And, 82.8% of people who own Bitcoin Cash after the August 1st fork have yet to sell their BCH.

On August 28th we wrote an article entitled “Cryptocurrencies Hit All-Time Highs, Gold Spikes Higher As Investors Flee The Stock Market” and in it we mentioned how the last ten weeks of US equity capital outflows which equated to roughly $30 billion coincided with a $47 billion capital inflow into the cryptocurrency markets.

And the precious metals continue to show strength with gold currently sitting at $1324 USD per ounce and $17.73 for gold and silver respectively.

In light of that fact, we got to thinking, what kind of capital movement is going on outside of the US stock market? It turns out, quite a bit in fact.

From Bloomberg:

“European equity funds suffered their biggest outflows in 26 weeks as a continuing rally in the euro heightened investor concerns over the region’s exporters.

Investors pulled $1.4 billion from the region’s stock funds, Bank of America Merrill Lynch said in a research report, citing EPFR Global data. That was the second consecutive week of outflows.”

It was just as we had suspected, investors are moving out of international stocks as well, which makes us wonder what they are expecting to happen? Do they foresee a large correction?

That the total market cap of cryptocurrencies sits at all-time highs around $178,134,988,499 gives us a clue that people are likely losing confidence in the fiat system and at the same time recognizing the crypto space as a great opportunity to both profit and protect themselves in the event of a crisis in fiat paper.

Getting back to the capital flight from the US specifically, we thought it was quite interesting to watch the moves the Rothschilds have been making of late.

They have begun moving out of US denominated assets as well. Specifically, RIT Capital Partners (The Rothschild Investment Trust) who sold off a significant portion of their S&P Global Inc. holdings - roughly $23 million worth to be more precise.

You can view RIT Capital Holdings here as well.

Another factor which is also likely to be adding to the increase in cryptocurrency investment is the fact that Treasury Secretary Steve Mnuchin and the US government are under pressure to raise the US debt ceiling, which really, they have little choice in the matter. They need to raise the ceiling if they want to fulfill all their fiscal obligations and continue to pay themselves.

Unless they want to put themselves out of work on purpose. HAHAHAHAHA.

Yeah, that isn’t going to happen… So...

Most investors believe that government will, of course, raise the debt ceiling which will then equate to more money printing which also translates to more debasement of the dollar and subsequent inflation - all of which is quite positive for the crypto bull since cryptocurrency is one of many ways to protect yourself from inflation.

Another contributing factor is that there is also renewed hope for the acceptance of a new bitcoin ETF.

Dalia Blass, a lawyer at Ropes & Gray - the firm who is representing the Winklevoss twins Bitcoin ETF case, is about to head up the SEC Division of Investment Management - which regulates, among other financial instruments, ETFs. What’s noteworthy, is that she has prompted excitement that a ‘proper’ (rather than GBTC) Bitcoin ETF may be coming sooner than anticipated.

Considering bitcoin has risen by more than 300% since the SEC turned down the last batch of bitcoin ETFs, that means that the SEC successfully ensured that Americans missed out on about $40 billion in capital gains.

Par for the course for the criminal SEC whose only job is to ensure the elite stay elite and the poor stay poor.

Luckily, though, you don’t need the approval of the SEC to buy bitcoin directly.

If you still haven’t done so and are still unsure of why this is such a big revolution in money and banking, check out my free four video webinarwhere I even offer to send you your first $50 in bitcoin at the end of the video series.

And if you are just wondering if you should be buying or selling bitcoin or Bitcoin Cash here at these levels, the next issue of The Dollar Vigilante newsletter is going out to subscribers this weekend. You can subscribe HERE to get access to that.

You’ll want to make sure you get the best advice at this moment in time as something big appears to be on the horizon. Investors, including Rothschild, are fleeing the stock market while gold rises and cryptocurrencies soar.

It seems a lot of people are expecting something quite ominous to happen soon. The Jubilee Year ends on September 20th so stay vigilant!

Anarcho-Capitalist.  Libertarian.  Freedom fighter against mankind’s two biggest enemies, the State and the Central Banks.  Jeff Berwick is the founder of The Dollar Vigilante, CEO of TDV Media & Services and host of the popular video podcast, Anarchast.  Jeff is a prominent speaker at many of the world’s freedom, investment and gold conferences as well as regularly in the media.

© 2017 Copyright Jeff Berwick - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Jeff Berwick Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules