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Gold Booms after Crypto Crash 2022

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OK, so I get the feeling you might be really into Crypto / Blockchain stuff.

I am open minded and happy to expand my horizons. In fact I/fellow speculators rode the Bitcoin mania 1.0 with the little known digital currency stock at the time Digitalx Ltd (DCC) for multi bags, as documented in Speculative Stock Portfolio. It didn't work as well with trying to piggyback Bitcoin mania 2.0, so ended up taking a small loss. Looked at it recently and as far as I can see they just hold some crypto but can't really see a business that's doing / inventing / developing / creating anything so decided to pass.

Although I don't hold any crypto / blockchain related stocks at the moment, willing to look at stocks that are pioneers in this space that really have the signs of future success.

Let me know if anyone's got amazing prospects of future potential that they are looking at or hold in the crypto/blockchain space.

Same goes for Gold related stuff as always, I'll be happy to find the best ways to play in that space as well, some of you might be specialised in the area of finding incredibly undervalued gold stocks for example.
 
Dona Ferentes said:
As to gold and crypto. Part of the Geist der Zeiten. Some say the decline of one and the emergence of the other is causal. Jury is still out.
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Who'd have thought the first half of 2022 would herald so many surprises. Mainly bad ones. Shock and awful.
  • 10-year US Treasury bonds – the benchmark of global borrowing markets and traditional safe haven asset in times of volatility and stress – have had their worst 6 months since 1788.
  • US 10-year Treasury yields leapt from less than 1.5% to 1.8% in January, knocking 5% off world shares in that month. The yield is now at 3.1% and has been as high as 3.48%.
  • S&P 500 fell 20.6% in the first six months of 2022. The Nasdaq Composite slumped almost 30%, and more than 22% in the June quarter alone, and the Dow was down nearly 16%.
  • MSCI’s 47-country world stocks index has suffered its biggest June half drop since its creation in 1990 – some 20.6%.
  • In Europe, the Stoxx 600 index has lost 17%, while in Asia MSCI’s Asia-Pacific index is off around 18% (in US dollar terms).
  • Oil prices jumped (Brent is up 40% so far this year, US crude just over 40%, natural gas is up 63%),
  • Thermal coal prices more than trebled according to the Newcastle ICE thermal index – from just over $US113 a tonne at the end of last December to $US380 a tonne – and a peak around $US410 a tonne in late March.
  • Copper is down more than 17% for the first half of the year, and down nearly 20% since March.
  • Nickel and zinc have slid 20% and 25% respectively.
  • Iron ore was mixed – up, down, sideways and ending June around $US117 a tonne for 62% Fe fines. Started at $118, with a 12-month high above $US143 a tonne on 08 June and a low of $US107 a tonne on 22 June.
  • Crypto markets saw the collapse of some leading operators, confusion about others and a 61% plunge in the value of bitcoin
  • And right at the end, in the last hours of June it fell under $US19,000 – a fall of more than 6% in an hour or so.
  • And gold in USD lost just over 1% for the half but nearly 7% for the three months to June.

So that inverse relationship hasn't come through, so far. Everything's crap
 
so the question is does all that translate into a rush to liquidity ( mainly $US ) to lower debt burdens OR to stock-pile dry powder .

not so terrible for cautious buyers ( especially non-leveraged ones )
 
This looks like a good place to put this video about the non substance - bitcoin. The description of the origin of NFTs (Non Fungible Tokens) is interesting too. It was a digital painting that sold for ~U$65m nominally but in reality the payment was made in cryptocurrency. This transaction set off a craze in NFTs exploited by predators like Jack Dorsey of twitter and Paris Hilton (sl*t). Dorsey sold his first tweet for a few million.
Bitcoin still utterly eludes my comprehension - but the statement about it being the biggest Ponzi scheme of all time lit up a light bulb.

 
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