Strange Markets: Comedian Bloggers, Bitcoin & Precious Metals
Strange times are upon us. In Italy, a famous comedian blogger who was found guilty of manslaughter in a car accident, killing three people, has led his party, The Five Star Movement, to international headlines as the underdog in Italy. Where fore? In a nation where Communism was once bred in the 1950s by The Agency, people are just sick of seeing the same damned faces. Sound familiar?
Strange markets are upon us, as international indices hand Wall Street its worst losses of the year. Last week, the folly began, affecting even the safehaven play precious metals across the board. Red is the story of the day.
I mean, for God’s sake, even Bitcoin is starting to take a turn for the worse! Up over 50% in February, Bitcoin spent the weekend “consolidating” if one can call it that. Up over $30, Bitcoin could hold as the truest safehaven asset amidst all this bad trip Kafka-Orwell-Yevgeny Zamyatin weirdness.
Wait, was that a comedian blogger whose party captured 25% of the vote as of Monday evening? The Republicans and Democrats over in the US are getting dressed up in tuxedos and un-working together. Mighty fine job they’re doing at it. Like an insomniac, numb to the urgency of deadline, they’ll get to it later.
So, comedian bloggers, precious metals and Bitcoin. That is the scene. With the paper markets uncertain and the political scene totally absurd, one can expect a roller coaster of some sort. Even Asia’s trading was affected by the uncertainty, and I think almost people will be determined to play their role looking in on the absurdity of the Euro Zone. The member-states are just hanging around draining the technocrats since the technocrats offered a carrot stick. Who wouldn’t hang around the punchbowl while they still could? With Bitcoin, individuals can truly become black holes to statism, draining them.
Gold and silver trade roughly the same about 84% of the time. With gold this evening above $1600, and silver below $30 will there be a divorce between the two prices? Platinum and palladium aren’t looking so hot. Of course, eventually, these commodities will have to rise, but the amount of easing in the ether of piggy bank relationships really doesn’t seem to leave much room for the metals at the dance…or does it?
Times are strange indeed. Even Jeff Berwick of the Dollar Vigilante is coming back to the US in April. I am not so sure he knows exactly what he is doing, as he will be in New York on April 20….with Adam Kokesh. That’s 4/20. At Anarchy in NY, he will be joined by many others who will, most likely, medical marijuana him under the table. So, maybe after all it is Bitcoins’ time to shine.
But, let’s not forget the devil’s metal either.
Things are upside down all around. In this day and age, things many people don’t even think of are possible. There are at any given time for you many different realities, and all you have to do is think to pick. If you don’t think, you won’t have a pick of the many different imaginings of which you can conceive. And thus, they won’t exist.