With bitcoin (BTC) reaching $68,000, hopes have been raised in the market that the “uptober” phenomenon will be repeated. The price of the digital currency rose more than 6% yesterday, its best daily performance in almost two months. And, since then, it has remained trading mostly around USD 66,000, exhibiting resistance in this area just … Read more
In October, inflation expectations among US consumers for the next 5 to 10 years reached 7.1%, the highest level in more than 40 years. This figure is has duplicated in a few months, reflecting the University of Michigan Consumer Survey. Historically, inflation expectations have hovered around 3% over the past three years, marking a significant … Read more
In Kiyosaki’s opinion, prices in the stock market have been high for a long time. Those who are prepared (investing in bitcoin) will be able to prosper, he said. For the investor and author of best sellers Robert Kiyosaki, there are currently many economic indicators that are not giving good signals about the future, one … Read more
Rickards believes that the purchase of gold by the US would restore confidence in the dollar Gold would also prevent bitcoin from ending up replacing the dollar. The diversification of investments towards tangible assets such as gold is the recommendation made by economist Jim Rickards as a way to face the de-dollarization process currently underway. … Read more
The negotiations with the IMF are based on the preliminary agreements approved in August. The government is not considering increasing or creating new taxes, as the agency suggests. After having announced the amount of the approved budget for 2025, which according to President Nayib Bukele’s statements will be completely self-financed, negotiations with the National Monetary … Read more
“Global money printing is back,” The Kobeissi Letter analysts observe as they draw attention to the fact that the total global money supply has reached $89.7 trillion. The increase is notable in the United States, the eurozone, Japan and China, notes the publication’s most recent report, highlighting that the increase has been about 7.3 trillion … Read more
They hope that the cut of interest rates and the fears of fiscal deficit weaken the dollar. Geopolitical tensions could spread far beyond this fourth quarter. UBS, a leader in global financial services, is recommending to investors to reduce their exposure to the dollar, opting for diversification with other coins in G10 countries, as well … Read more
The price of gold has had a huge rise in 2024. According to technical analysis metrics interpreted by specialists from ‘The Kobeissi Letter’, this has taken gold to an “extreme” level that has been rarely seen in the history of gold trading. this precious metal. The aforementioned analysts they explain that The price of gold … Read more
The hegemony of the US dollar as the global reserve currency has been a pillar of the global financial system since the Bretton Woods agreement in 1944. However, the current trend suggests that its dominance could be at a crossroads, facing increasing pressure that, although still far from a definitive collapse, it points towards progressive … Read more
In a context in which economic uncertainty predominates, investments in gold have reached unusual levels in recent months, to the point of leading the precious metal to set new historical highs and become the star of the market. In this way, rumors of a possible recession seem to be pulling hidden strings, despite the optimism … Read more