See the latest Australian dollar analysis here:
Another mixed day of trading in Asia with most stock markets putting in scratch sessions as confidence was lost on Wall Street overnight. Bitcoin volatility remains relatively high, putting in another $2000 roundtrip expedition and currently on a downleg below the $31000 level while gold looks a bit toppy as it runs out of puff from its way overbought move overnight, currently just on the $1940USD per ounce level:

The Shanghai Composite is floating along, up only 0.3% or so to remain just above the 3500 point level, while in Hong Kong the Hang Seng Index is slipping, down 0.1% to 27437 points. Japanese stock markets are still falling in the wake of a stronger Yen, the Nikkei 225 losing another 0.35% to finish at 27162 points while the USDJPY pair was unable to hold on to its swing roundtrip move above the 103 handle as it again threatens key support at the December lows:

After gapping down at the open by over 0.5% the ASX200 eventually finished with a scratch session, closing only 0.1% lower at 6681 points while the Australian dollar was able to recover most of its losses from the night before on the back of the solid ANZ job ad figures, currently hovering just above the 77 handle as it remains supported at the mid 76 level:

Eurostoxx and S&P futures are relatively weak going into the European open with the four hourly chart of the S&P500 hovering just below the 3700 point level after Wall Street lost its way overnight going into the Georgian elections:

The economic calendar includes the latest German unemployment figures, then the ISM Manufacturing print in the US.
- Macro Afternoon - January 15, 2021
- Macro Morning - January 15, 2021
- Daily iron ore price update (record imports) - January 15, 2021
I think gold will hit $3k this year if the recovery continues and money stays cheap.
Yes – especially if the the Net Stable Ratio Update goes ahead.
– It will clamp down on all the games the crooks play on the London Bullion Market.
– Shorting the gold futures has been a big racket for a long-time:
http://www.lbma.org.uk/lbma_media_centre/net-stable-funding-ratio-update
https://www.youtube.com/watch?v=CGlcWsmaprE&ab_channel=HeresyFinancial
👍😁
You mean – if the US dollar / US economy continues to collapse. Yes.
Americans are very resilient people. They aren’t disappearing billionaires and taking their assets at least.
https://www.smh.com.au/world/asia/indonesia-to-release-suspected-bali-bombings-mastermind-abu-bakar-bashir-20210105-p56rqd.html
Couldn’t we invite him to Oz to show him a little hospitality of our own? So many would be delighted to get up close and personal with the holy man.
If he buys a house, we’ll fly him here…
+1
If he leverages the equity in that into 20 IP’s we’ll make him PM
Will he qualify as a FHB and receive all the subsidies? Allah Akbar of course.
Inshallah (god willing)
Stuart Littlemore calling out the IPA and Murdoch press for going after the ABC back in 2001.
How little things have changed.
Worth a retweet I reckon
https://twitter.com/IrishBitch9/status/1329552961664475137?s=20
why do righties downplay / and can’t manage covid?
Not because they are “tough” (they tear up, panic and are helicoptered to hospital when they get it).
It’s because they enjoy seeing people suffer.
Lesson of 2020.
good sum up.
– Good to see some strong intellectual input!
– This is why I subscribe.
You sound like a 15 year old with attitude. Go, guy!
Taken as a compliment. A 15 yr olds judgement isn’t as clouded by embedded prejudice and ideology. How many do you hear teeing off on talkback radio.
And who can?
Who can what?
Manage covid
Dan
Soy and Mung Bean Eating Lefties.
“It’s because they enjoy seeing people suffer.”
The LNP must get a lot of enjoyment out of what they have done to Social wealfare.
https://amp.theguardian.com/australia-news/2021/jan/05/centrelink-denied-payments-to-family-violence-survivor-caring-for-daughter-with-cancer?__twitter_impression=true
Meh, little insight and little difference between rabid lefties calling conservatives racists and conservatives calling progressives hippies and communists – just mud slinging.
Right wingers in Australia managed it better than left wingers, or at least equally well – and this plays out around the world. People just selectively pick examples that suit their internal narrative and exclude all contrary examples.
South Australia – Tasmania have both been exceptional. Plenty of global examples as well.
Lol
it was definitely a bad year for righties wasn’t it?
ideology collided with reality.
Reality collided with hubris and narcissistic personality disorders something fierce.
Narcissists lack empathy but enjoy inflicting suffering. This is why they don’t manage covid well. Not all LNP are narcissists, but are a significant proportion are.
A generalisation, of course.
‘…judgement isn’t as clouded by embedded prejudice and ideology’.
LMAO. The projection is as strong as it is hilarious. But I won’t demonise, like demonising talk back radio which no one listens to, lock down does some strange things to people.
tough year wasn’t it.
Getting hammered by hail.
Is that a listed company you’ve bought into? 😉
🙄
All hail!
How’s ya BTC investment going?
He’s got Polkadot.
Sounds nasty.
sold before it really took off. But it was only a small fraction of 1 BTC.
I have 400 carry free Polkadot as I sold more than half when they doubled. Took small profit all my money bakc and free 400 Dots.
Bought 400 Ocean Protocol today.
I get the words and then I get to thinkin’
But I don’t want to think I want to feel!
How do I feel? And how do I…
Italy
Covid-19 sparks unprecedented north-south exodus of remote workers in Italy … Focus
https://www.france24.com/en/tv-shows/focus/20210104-covid-19-sparks-unprecedented-north-south-exodus-of-remote-workers-in-italy
Nice post – short and punchy.
Donald … You may not be quite so happy with the New Zealand ready to blow up housing bubble post further down thread.
Thank you for your valued comment though !
Bit like Jeff Fenech?
I love youse all !
🥊
Lol gold toppy and overbought with a few minor 1-2% moves. Meanwhile Bitcoin …………
Might be because it’s risk on at the moment, and gold is not a risk asset,but BTC is…and BTC is not a currency, really, yet…?
Totally safe.
https://www.rt.com/news/511524-portuguese-nurse-dies-pfizer-vaccine/
Not saying that is wasn’t the vaccine, or that the vaccines are any good, but… There’s gonna be a lot of folks (especially the elderly) that are being vaccinated that are gonna, statistically speaking, would be dying the following week/months of a heart attack or some malady anyway.
I imagine the vaccine(s) will be made the target in a lot of cases, even if the stats don’t bear out that vaccines are unsafe. I don’t suppose the masses are going to be checking their cognitive biases against the stats after watching 7news.
Like I have consistently said before I ain’t going to be no lab rat and will keep tabs on how many go down due to the vaccines
My mum was on TV back in Scotland a few weeks ago as she was one of the first nurses there to get the vaccine. She’s still alive and kicking with absolutely no side effects.
Borrowing some logic – did she die from the vaccination, or die with the vaccination?
Did you see this post from Nexus 789?
https://video.wakkeren.nl/videos/watch/9bd9f602-e5e9-47e0-b35d-8f1bfd78f0f4
Itll only take another one or two and it’s game over as the US needs 90% inoculated to achieve herd immunity
Statistically speaking, going forward, it shouldn’t be hard to tell whether the various vaccines are causing problems.
Who is interested in finding out about Crypto and DeFi blockchain products?
I’m feeling generous at the moment so willing to send up to 10 people $20 USD in BSV equivalent, with the aim of getting genuine feedback around a DeFi exchange TDXP and the whole experience of integrated wallets:
https://tdxp.app/market/BTC-USD
All you have to do is open a MoneyButton Wallet and send me your base address, something like [email protected] (just reply below):
https://www.moneybutton.com/register
All you need to open a money button wallet is an email address.
To work as an intergrated system you will need to adjust the security settings of your browser. I would recommend using an alternative other than your main. I would suggest Brave, which can be down loaded here:
https://brave.com/
This would probably of most interest to the crypto trader set or anyone who is curious as to what I’ve been yammering on about.
If you are interested respond below, all I want is genuine feedback on the user experience.
The more I think about it the more I think blockchains and GST type taxes are a natural fit. Hopefully in the future there will be an international system in conjunction with taxing outputs at the point of production which will take all the guesswork out of taxing supra-national capital.
So was that a yes?.
https://www.moneybutton.com/register
Invitation is open to all – just the first 10 though.
As an aside to my original comment, yes I 100% agree with your beliefs in regards to where crypto is headed. The US Treasury OCC, which is the largest US banking regulator just released a paper providing guidance that allows US banks to use public blockchains and dollar stablecoins as a settlement infrastructure in the US financial system. The new interpretive letter establishes that banks can treat public chains as infrastructure similar to SWIFT, ACH and FedWire, and stablecoins like USDC as electronic stored value:
https://www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-2.html
In my opinion the importance of this development cannot be understated – Blockchain technology WILL BE ADOPTED.
The consequences of this are going to be far reaching – expect massive regulation in this space, at least until it is equalised with the existing financial system. The efficiencies that blockchain tech delivers are coveted – the crypto cowboy free for all is not.
At a minimum I would expect stable coins to be subject to the same criteria as the old US Money Market Funds, which were closely monitored, regulated in order to ensure that they ‘never break the buck’. They will be audited and be strictly limited in what they will be able to hold as collateral. Imho these stable coins will then also be shortly followed by CBDC issued onto them as well.
It is also, imho, the end of Tether. That company is the most toxic feature in Crypto and the main reason why over 20 attempts at creating a Bitcoin ETF being knocked back due to it operating in ‘a manipulated market’.
It simply WILL NOT be allowed to exist in the future state and imho its days are number in double digits.
Speaking of Tether, they printed another $800m today.
https://twitter.com/usdcoinprinter/status/1346128042905792513
missposted
on hold with Commsec International but I already looking at TDXP from the link you provided.
If I have any questions, how do I reach out?
Also, any view on XRP?
oh.. also, bought some Ocean Protocol. Very, very few.
IMHO Tether is doomed. It was pre-mined. It is centralised. It is a security.
Proof of Stake (Pos) IS a security. ETH 2.0 is equally doomed imho.
If you have questions on TDXP follow me here and DM me:
https://twitter.com/StewyGripes
Boooo!!
It’s now tomorrow morning and no one could be arsed to even check it out – I’m gunna call chicken ‘Bok! Bok! Bok!’
$20 USD is 0.121212 in BSV, which if it ever gets to BTC would equate to $4k.
TDXP is still only the first iteration – it has been up for less than a month and is doing around $5k in transactions a day.
https://twitter.com/coinline/status/1346581767809949696
Stewie, I’m in. [email protected]
Yay! Finally some interest – it is 1:14pm I just sent you $50 since there were no other takers.
It should arrive in your wallet instantly.
Then once it has arrived, check out the TDXP App from the above link. Login is in the top right corner – you simply log in by selecting the MoneyButton tab (you have to remain logged in to your MoneyButton wallet while doing so).
Have a play around and see if you can put any bets on… depending on your browser settings you may need to adjust your security for MoneyButton and TDXP. If so just refer to the Twetch link.
Let me know how you go.
Yep, arrived. Will play around and let you know. Thanks!
You may need to provide KYC before you trade – which I did with a photo of me holding my drivers licence. I’m not sure, I did the KYC before I put on a trade. I try to be very straight up the line when I use these things, but I have a bit more crypto than $50, so you may not need to bother.
Have a play around – it is a DeFi product, which means it is a little different to a regular exchange. In this case the liquidity is provided by stakeholders. People stake some BSV to a liquidity pool and individual traders then trade against it. You can read up about that on the liquidity section. Basically stakeholders underwrite trading pools, after the pool ends surpluses are distributed.
The daily return for my investment in the liquidity pool so far has varied between 10c and 92c, so it is quite volatile. However annualising the daily compounding return it comes in at 14%. I’m still only testing it out myself – but while I’ve been yammering on about the potential of blockchain tech for a while, this is the first time that I’ve actually had an application worth the time to look at and provide as an example.
From a trading perspective the spreads appear a little wide to me atm, but as the liquidity pool grows those spreads should tighten.
I’m not sure if all the price data is encoded to the BSV blockchain, so the prices of BTC, Gold, or even Tesla if you want to take a punt on that, may be being encoded onto the BSV blockchain or they may not. Eventually the goal is to have that data streamed onto the blockchain and these DeFi products interact with it there, rather than through the TDXP servers (if they do actually externally source it). Regardless your trade, which is essentially a smart contract, then completes and the full results are encoded onto the blockchain so you can verify..
If you make a bundle using *20 leverage on TDXP feel free to send that original $50 back to my MoneyButton Address:
[email protected]
However, if you enjoy the product and experience I’d much prefer it if you passed it on and help someone else into understanding what blockchain, intergrated wallets and smart contracts are all about.
Cheers
He’s so stoopid! “I won Georgia by 205,000 votes. Totally rigged!! But I’m OK if you just find 11,790”
King Kane has taken the number one spot and scored his second double of the summer.
https://www.espncricinfo.com/series/new-zealand-v-pakistan-2020-21-1233950/new-zealand-vs-pakistan-2nd-test-1233963/match-report-3
NZ on a greentop in England for the Test championship final will be good. The Lords groundkeepers might even favour the Kiwis over Australia or India. All the bowling attacks look strong but I’d have to favour the NZ batting line up right now.
I enjoyed seeing Nicholls running backwards between wickets today to protect his dodgy calf muscle. Added interest to a run fest, although the Paki bowlers did bowl well early on. Afridi was desperately unlucky.
Oh c’mon, what is it that makes it go to moderation?
Paki. Nope
Afridi. Nope.
Nicholls. Nope.
Fest. Nope.
Meanwhile, I’ve only got tickets to Day 1 of the SCG Test.
And I thought 2020 was a crappy year.
At least you’ll see all of straya’s first innings and India one down.
https://www.crictracker.com/new-zealand-fan-brutally-trolls-steve-smith-and-joe-burns-after-their-struggles-against-india/?amp=&utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
bit hard to understand every word but yeah, we have brid flue in India.
https://twitter.com/EconomicTimes/status/1346354494741704705
For anyone with time to sit through a reasonable presentation/podcast
Someone put me onto this Zeihan dude on the weekend and he has put this up on youtube within the last few weeks
It covers a lot of issues worth thinking about. His style may irritate a few but it isnt bad coverage
https://www.youtube.com/watch?v=_LgO-W-JGjM
‘Geopoliticist Peter Zeihan looks at the economic trends for the dairy industry and his predictions for the future the Wednesday, December 9, 2020’
Circa 25.50
‘Of the world’s top twenty consumption led systems only Australia is not facing a health collapse, and Australia is under lockdown, so it really doesnt matter from an economic point of view. Consumption led economies of the world are all off line, and they are desperately bringing their manufacturing needs in house for reasons of health national security, populism and jobs. Which means that if you are an export led system you have nobody to sell to. And this is going to last for at least the rest of this calendar year. I’m sorry, the next calendar year. And in the case of the developing world into 2022.
Which means this is it. It’s over. Most coutnries will never return to where they were in calendar year 2019, and the export led systems that were hoping to make the adjustment before 2022, when the bottom falls out. They have lost all the time. Globalisation is done.
Good.
Fingers Crossed he is correct and Globalization really is “done”
I hope so too, I am happy to pay more for goods if it supports local Aussies. Although I’m a fan of the Japanese too. Since they care about their craft.
Indeed, remember when we were horribly racialist and wouldn’t buy inferior imported goods? We would buy quality imported goods, but only if there wasn’t a quality locally manufactured option.
Now garages are full of inferior imported goods and the mediocre imported car is in the driveway,
RedHeads!
A lot of “globalisation” was really just an invented excuse used by the first generation of professional unionists and Keating to justify garbage policies.
Why are my wages being cut? globalisation
Why are my savings being stolen by finance types? globalisatiom
why is my boss paying no tax? globalisation
wasn’t the country impacted by “globalisation” under imperial preference?
I remember a heap of debates along those lines. With people who knew every single subtlety when it came to the history wars and the urgent need to become a republic.
Then you ask why labour had to hand 10% of GDP to capital under a notionally Labor government? globalisation.
Zero analysis,required because its all down to some subjective noun
This
NAIRU
Australia, US and many others have seen an explosion in imports from China – their local industries have collapsed, but people are shopping online (from China) like crazy.
Soooo – yeah, nah, but thanks.
Dont tell me. That is pure Weeaproinah, Arkins Creek, La Nina Heads you are smoking, yeah?
Try the Mushrooms while you are at it mate.
A big plate full with an ice cold Murphy will get you there brother.
…..and just imagine a chunk of those online sales coming back home …
We can start by blocking Alibaba, if the CCP can block Facebook and what not, we can do the same and block all their E-commerce outlets. We could also stop Chinese seller’s listing on EvilBay. Job done.
Now that those nice Chinamans have tortured and murdered* Jack Ma shouldn’t we be boycotting it anyway?
*may not have actually happened.
Good call Gunna – was well worth a watch. Who’d of thought dairy would get so deep into geopolitics!
“A Brisbane teenager has been ordered to stay away from the Prime Minister, after being accused of taking part in a protest that saw Scott Morrison’s car vandalised.
19 year old Tyler Michelle Hingst fronted court today, charged with public nuisance. @rachbaxter9 #9News https://t.co/LAYdrBKSm3”
https://twitter.com/9NewsQueensland/status/1346374119684796417?s=19
Few twitter links in these arvo comments, decided to read some (don’t usually bother with the social media links), far out, what a cesspool of knobs that place is, from all points of the spectrum
Edit: the stories are interesting but scroll down the slightest bit and the crud starts. I’ve been accused by a few here of being a/posting brain farts but I think I’m nowhere near twitter level lol
Shoulda seen it last night after the Assange decision…
Loons from both sides? I haven’t done much digging yet but can’t believe how much hectic open racism and right wing bulldust there is, I’m assuming there is just as many “loony lefties”?
The most twitter observation I’ve done recently is Mig’s profile and I thought what he posted would be extreme by twitter standards but that looks completely normal after viewing some other stuff lol.
It was all over the shop, but the best was the line of logic used to prove that our Julian was responsible for the 350k deaths from WuFlu in the US. Not anywhere else in the world mind you, just the US.
It’s amazing what can be achieved with a limited number of characters. I don’t Twitter myself. A complete waste of time.
Unlike MB comments of course.
https://youtu.be/CZlIl74b0Ss
Show us ya Tweets, Gav!
The best thing about twitter is seeing journalists complain about being criticised when they say something stupid.
7 Journo Robert Ovadia is the latest to lose the plot completely.
https://twitter.com/RobertOvadia/status/1346202832945385472
the stupid self important bluetick turds are captured by the place.
Australian blueticks. The rest are fine, I loves me my Fintwit blueticks…
NEW ZEALAND: Skyrocketing house prices: ‘Outright unaffordability’ predicted in late 2021
There’s no end in sight to the relentless rise of house prices, with new CoreLogic data painting gloomy picture for first home buyers.
Action needed to halt rocketing house prices – CoreLogic … Miriam Bell … Stuff NZ
https://www.stuff.co.nz/life-style/homed/real-estate/123874073/action-needed-to-halt-rocketing-house-prices–corelogic
There’s no end in sight to the relentless rise of house prices, with new CoreLogic data showing near-record growth nationwide in December – and that has prompted renewed calls for action. … read more via hyperlink above …
.
.
David Chaston points out that the new 39% income tax rate won’t work as intended. It will just re-incentivise the housing distortion, sad because the real answer has been in plain sight for a decade … Interest Co NZ
https://www.interest.co.nz/opinion/108539/david-chaston-points-out-new-39-income-tax-rate-wont-work-intended-it-will-just-re
… extract …
… The solution is “Christchurch”… (actually Greater Christchurch … led and ‘saved’ by the adjoining smaller and therefore functional territorial authorities of Waimakariri and Selwyn … refer ‘consent rate per 1000 population per annum’ history via Statistics NZ Monthly Building Consents data … note Dale Smith comment on article thread incorporating this important link https://www.stats.govt.nz/news/46-year-high-for-new-home-consents . Access detailed ‘consents rate per 1000 population per annum’ data via link at bottom of page) … read more via hyperlink above …
.
.
REINZ – Oct 2020 Residential Property Data
https://www.reinz.co.nz/residential-property-data-gallery
For those who are about to rock.
https://www.guitarworld.com/news/conspiracy-theorists-share-schematic-for-5g-chip-they-claim-is-implanted-in-covid-19-vaccines-only-its-actually-for-the-boss-metal-zone
“Conspiracy theorists share schematic for “5G chip” they claim is implanted in COVID-19 vaccines – only it’s actually for the Boss Metal Zone”
Can you request Russian Shoegaze flavour?
https://www.youtube.com/watch?v=VuDscQBInyA
I wonder if this will annoy veterans………
https://www.dailymail.co.uk/news/article-9113953/A-father-three-bashed-thugs-stepped-help-young-female-Pakenham-Melbourne.html
I like her more than you.
https://twitter.com/MarkHubbard33/status/1346376045071532034
there is a video so they can be identified. Arrest them and put them behind bars for 20 years each.
I hope so Harry enough is enough of this rubbish and I hope the perpetrators get caught and the key thrown away.
me too.
https://twitter.com/ExtremeTech/status/1346433950181371904