Bitcoin: "Bag Holders"

Because Bitcoin whales succeeded in pumping Bitcoin close to $70,000, it's much easier for them to unload more worthless Bitcoin at $20,000, as those suckers who are buying think they're getting a bargain. These "bargain" hunters averaging down will eventually be known as bag holders.

German Inflation At A 60-Year High!

With official year-on-year (YoY) German inflation at 8.7%, a 60-year high and headed higher, the Euro experiment is clearly a failure. It's not the new Deutsch Mark, it's the new Italian Lira. Germany needs to leave the Euro Zone and really build back better by returning to a gold-backed mark. Gexit!

"German Inflation Hits 60-Year-High, 'Worse To Come', Says Allianz" - in ZeroHedge

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.