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Tuesday, July 21, 2020

smooth sailing ahead.

Hi readers
By now you can see what we stated previously that the market will go one way and that is up.
Sure you'll get the odd day down but the majority of the time the markets will rise.
Please don't listen to the bullshit analysts who come your TV sets and talk about excuses as to why the market will fall.
Over the next 4-6 week they will all line up to spin there shit.
Bottom line is they simply missed the boat and need a correction to jump back in.
The fact that so many hedge fund managers have missed the present move up that there looking for a way in.
I saw that both George Soros and Warren Buffet are sitting in cash, should we be concerned .
No because the fed is backstopping the market till November.
After October planets turn and the trouble starts.
In regards to the crypto currencies as of the 18th pressure will start building , as there being artificially held back the development that's occurring in the sector is quiet incredible.
A lot of the main coins have been left behind while the alt coins are developing new technologies to improve the way we communicate and live .
Yes Bitcoin like gold is a storage of wealth.
What does that really mean?
Storage of wealth means if it's worth a dollar today it will be a dollar tomorrow. That's it .
It doesn't gain any value regardless of what you might think.
It's investment that gains or looses value.
Yes something only increases in value if there is another party prepared to pay a higher price for it.
Please understand this as many think buy gold is safe.
It's not it's the same as buying a share or a crypto currencies.
Another thing I'd like to point out to many of you all these forks that have been created by Bitcoin are nothing more than a dividend for holders.
There isn't anything behind it.
Yes I do own Bitcoin and lots of it but I can assure you I will be selling it all in the coming months.
As there has been no development in it.
Other coins that's are worth just dollars have seen huge development and partnerships.
Yes I do research on the dark web and there is information which turns up regarding this sector. The amount of active partnerships between both mainstream tech companies and crypto currencies is unbelievable yet we don't hear or see anything through the media channels which is so sad.

Today we saw a nice pop on ABR.ax
As your all aware it won't be until next year when production will commence.
For those who have invested in it the project its almost been totally deleveaged so the only way is a slow grind up.
Should it have traded in the low 50 cent area the answer to that is no! but that was a magical buying opportunity for those who did buy it.
I haven't sold any shares and have just been accumulating to the point that money ran out.
I wouldn't be buying at these levels as there is still 11 months away before money can be made by the company.
Bub.ax is supplying its local market and busy with that. The export side of things is still there but slowing down.local side has picked up the slack.

KZA and DXB are slowly drifting with news soon expected.

KFE.Ax I don't trust management

FRM.AX has started selling and exporting eggs to Singapore and Japan.
This will show up in there numbers and hopefully we might see a pop in August .

As always use the above as an indicator to your own research.
I'm not a financial advisor.
I'm a financial astrologer and all the above is based on astrology .