Hi readers
Weekend has passed and while we saw a small move down it was bought back up in the crypto market.
The time for a crash has now passed and yes while we saw a nice aggressive correction we didn't see the levels I was hoping for.
In the crypto market my astrology is showing a slow drift down now into May before any type of bounce with substance. Also the volatility we have seen will fade away but we will have a couple more days of nasty falls it wont be a daily thing as was the case last week.I am not going to be buying any crypto coins just yet.
We are seeing some what a huge bet by bond traders against the central banks and while they wont win in the end its the unwinding that the market doesn't understand which has played right into the bond traders hands.
Who cares if you loose a couple of billion at the front end when you triple your winnings at the back end.
This has started in America and has spread to the commodity countries and now into Europe.
We saw the Reserve Bank of Australia Step in and buy $3 billion worth of 3 year bonds to keep the yeilds down to no avail. Yields still held up.
Bond auction of 7 year notes by US treasury was the worst on record, as overseas buyers refused to buy.
Putting the Fed at a very difficult position to pick up the slack.
Just so you understand if the market keeps selling the short end of the yield curb and sucking out liquidity out of the system then the fixed rates will go up.
If they go up in America then you can bet that they will go up everywhere as traders will know how to squeeze the central banks all around the world.
What does this all mean for stock traders, borrowing costs for companies go up, which in turn costs money/profits, people will spend less as they need to service the debts credit cards, home loan or small business loans.
To the Australia readers if you want to see the ramifications of QE Australia is 3 years behind the US on it.
To the Gold lovers seriously guys if by some chance rate do pop up even a little gold will be dropping like a stone in water.
I saw how much of a safe heaven buy it was over the last fortnight as its being sliding down.Again Gold is not a inflationary hedge, never has been and never will be.
Gold is guide to deflation only, that's it and at the present time we don't have that.
Sure second half of the year there might a scope but until then lets see what plays out.
Use the above as an indicator to your own research.
The above is purely based on astrological aspects.
I am a financial astrologer, I am not a Financial Advisor
Please seek professional advise on the above
