What will the Fed do next?
This was a very strange week in the markets, gold, silver, and crypto's got recked!
I like to watch the gold SPDR chart to get a feeling of the way the market is headed. This is usually a good indicator of the actions the Fed is taking in the markets.
If you care to watch the bond market you will see that rates have been creeping up at a fairly good pace in anticipation of the Fed's next moves. I believe they are getting boxed in and have no choice but to do more QE or another operation twist.
The term gets its name from the simultaneous buying of long-term bonds and selling short-term bonds, suggests a "twisting" of the yield curve and creating less curvature in the rates term structure. source
Whatever they do I don't think they can stall the destruction of the dollar for too much longer. In fact, I think the market will force the fed to act this week and print more money to buy everything that isn't nailed down.
In my opinion, we will have a full reversal this week and the metals, Bitcoin, and cryptos will shoot higher with the general market.
On the bright side, Hive is still looking strong at .32 cents and Leo in the upper .50's for now. We are all waiting for the official airdrop announcement which was just talked about in the last Leo Finance post.
This post still left me wondering whether I should power up my liquid Leo's or save them for another DEFI scheme that is coming up this week. I think I speak for all of us when I say thank god the wait is almost over, @khal has been a big tease this month and knows we forgive him because we all benefit from his actions.
If you want to join the warm up party for project blank please join us over @leomarkettalk and drop some comments or do a microblog. Memes are also welcome for you Meme lovers.
I'm sorry for being all over the place with this post, in my defense I don't post too often and just wanted to check in and see what you all think about the markets and where we are going from here.
Thank you for reading my blog and have a great day!
Posted Using LeoFinance Beta
