Since the start of the corona panic, I've been keeping tabs on which asset is weathering the storm the best.
And not surprisingly, crypto is doing the best by far - at least for now.
After a 16% jump in less than 24 hours last Thursday, crypto is now 31% up year to date (YTD).
• The S&P 500 is now down 11%.
• The JSE All Share is now down aroun... ››› more
Over the last seven days, the crypto market shed around half of its value.
With the entire market cap dropping from $220 billion to $120 billion in less than 24 hours.
Most of the major crypto-currencies dropped 20%, 30% or even more
And surprising enough, these massive price swings weren't crypto related at all.
Here are the real reasons why most crypto-currencies crashed last week... ››› more
Let's be honest…
The kind of crypto price mania that happened in 2017 and 2018 was driven by people.
Ordinary investors and speculators trying to make fast money from any crypto that they could get their hands on.
But that's all changed since the boom and crash of the crypto market…
The market and technology behind cryptos has matured and rapidly gained acceptance globally. An... ››› more
If you're new to forex trading, you'll come across a number of terms and definitions that you may be unfamiliar with.
So what are the key terms you need to know?
Read on to find out…
Bank fast gains of 389%, 52%, 32.89%, 37% and 135%... Whether the market goes – DOWN or UP!
Join a select group of private South Afric... ››› more
2020 is set to be a big year for cryptos.
Not only will we experience the upcoming third Bitcoin “halving” - notoriously known for sparking a bitcoin bull run…
But the second largest crypto by market cap, Ethereum will launch “Ethereum 2.0”.
If you’re not familiar with what this entails, you can read about it here.
For today, however, I want to share one... ››› more
Bitcoin has once again surpassed the psychological $10,000 level, which has been making headlines…
And now, investors, analysts and traders world-wide, don't know whether to buy more of it or just sell it…
Some are calling it a bubble, others are waiting for a pull back and some are waiting for a major crash.
But I'm going to put all of those emotional driven articles to bed... ››› more
Q. “Hi Timon, do you use the MATI Trader System when you look for trading signals that you send to your Red Hot Storm Trader members?
If so, would you recommend we own the MATI Trader System Programme to better our chances at maximising our profits from the Red Hot Storm Trader service?”
A. Great question. In short - yes - the MATI Trader System is the trading strategy I use to... ››› more
Can you guess the best performing asset over the past decade?
If you said stocks, you'd be wrong.
The actual answer may surprise you.
Bank of America analysed the returns of different asset classes over the past decade and this is what they found…
$1 invested in…
• Gold would be worth around $1.35
• US bonds would be worth just over $2
• US Stocks would be worth aro... ››› more
The Rand has strengthened against the majors over the past few weeks, but it has lost momentum and can't break below a key support level.
We have our third quarter GDP numbers out at 11h30.
With trade war uncertainty that hasn't abated and the VIX (aka the fear gauge) climbing from below 12 to above 14, we should see the Rand weaken against the majors over the next week or two.
When the ... ››› more
If you, or your business, receive regular payments from abroad, you have to be pretty annoyed with the rand. After all, it's one of the most volatile currencies in the world.
Which is pretty frustrating when you consider the South African Reserve Bank (SARB) forces you to convert any money you receive from abroad into rand within 30 days of you getting it - or sends your money back.
But he... ››› more
I don't know if you noticed, but last weekend, bitcoin's price soared from around $7,500 to over $9,600 - a +28% gain!
Many cryptocurrency market analysts pointed to comments made by China's president President Xi Jinping that the country should "seize the opportunity" of bitcoin's blockchain technology, as the reason behind bitcoin's sudden rally.
You see, China banned bitcoin and cryptoc... ››› more
In what was one of the largest 24-hour market sell-offs this year, over $30 billion was dumped from crypto assets.
At one stage, the largest crypto, bitcoin, was down around 20% as its price crashed to a three-month low of just over $7,800.
While, many predicted a huge drop to around $8,000, it was still quite a shock to see it happen.
So what caused the crash and what should crypto in... ››› more
The quote above is what Jehan Chu, managing partner at blockchain investment and advisory firm Kenetic Capital in Hong Kong, recently said about Bitcoin.
What made him say this?
Well, last week Donald Trump continued his ‘tariff tantrum' by adding 10% tariffs on another $300 billion in Chinese imports, starting 1 September.
China retaliated by asking state buyers to halt American ag... ››› more
Early on Tuesday last week, Finance Minister Tito Mboweni announced that Eskom will be receiving an additional R59 billion over the next two years, to help Eskom service its debt.
There are mixed reviews about the bill and how it will help South Africa.
Some people say this could be the light at the end of the tunnel and others say it's just another wait for an oncoming train…
As ... ››› more
Tether is a name that comes up again and again in crypto.
It's been called negative things like a ‘scam' and ‘fraudulent'.
On the other hand, as a stablecoin, it’s also been called ‘the most useful cryptocurrency in existence’, since its price is pegged to the dollar.
But today I’m not here to join in on this debate.
Instead, I’m going to sh... ››› more
The G20 summit in Osaka, Japan has just finished.
Who would have thought this two-day conference could have such an impact on our stocks, economy and even our currency.
And even the bullish sentiment towards the world markets and the US dollar, has left South Africa in a troubled state for the rand for rest of 2019.
Today I'm going to discuss two reasons why I expect the rand to we... ››› more
Last week we discussed how I'm expecting a huge price rally with the crypto-currency - Bitcoin.
If you missed the article, catch up here...
Today I'm going to follow up and show you why Ethereum, the second most popular crypto-currency, is nearly ready to become the next world computer, why I expect a rally and how you can profit from the price rally.
Recomm... ››› more
It's been a big month for Bitcoin.
You see, investors and traders from all over the world have been waiting eagerly for the SEC to either accept or reject the Bitcoin ETF (VanEck SolidX bitcoin-exchange-traded-fund) proposal.
However, on 22 May 2019 Wednesday, last week the decision was once again delayed to 19 August 2019 for the final deadline.
This gives us the perfect opportunity ... ››› more
If you have a JSE portfolio, you know the markets have been bad for the last few years.
From the start of January 2015 until the end of February 2019, the JSE top 40 is up less than 15%, which is less than 5% per year. This is much less than the “normal” return of about 15% per year.
The recent underperformance of the JSE is a key reason many retirees are now experiencing a shortfall i... ››› more
So far we've already made two big predictions on Gold and the South African rand and where your money should be.
Today I'm going to let you in on my 3rd prediction for the year – The Euro (EUR/USD).
It seems like Europe is out of the limelight when it comes to the debt crisis with the PIGS (Portugal, Italy, Greece an... ››› more
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