Market Update: Bitcoin, Crude Oil, Gold

Bitcoin:

CNBC is so excited about Bitcoin's rise back above $32,000. When Bitcoin is falling

CNBC barely talks about it. But when it makes a big move up they can't stop talking about it. 

Crude Oil:

Crude Oil just hit $117 per barrel. It looks like the market is poised to finally reflect a Russian sanctions premium that should send the price to $150 per barrel by year-end. Next year the price could easily hit $200. But don't worry. America's super strong economy can handle it.

Gold:

Gold's failure to rise despite mounting evidence that inflation is getting worse doesn't mean gold is no longer an inflation hedge. It reflects investor's expectations that higher inflation means the Fed will fight harder to contain it. Investors are in for a rude awakening.

Bitcoin: The Big Money Is Selling

Everything went perfectly for Bitcoin over the past year. Non-stop positive media coverage, unprecedented advertising blitz, mega conferences, growing political support, celebrity endorsements, mainstream adoption, institutional investment, ETFs, NFTs, El Salvador, inflation, war, economic sanctions, etc. 

Yet despite all the hype and good news the price of Bitcoin is down 38% Year on Year (YOY). If none of this was sufficient to send the price of Bitcoin higher, what will? Wake up HODLers. You're being played. The big money is selling. It's a classic pump and dump!

Inflation: The Genie Has Never Been Further From The Bottle!

The saying "don't let the inflation genie out of the bottle didn't evolve for no reason. The Federal Reserve has never waited so long to fight inflation, nor perused a more inflationary monetary policy before picking the fight. As a result the genie has never been further from the bottle!