Gold Shows a Nice Upwards Pattern :-) #gold #gann Gold is now showing a nice upwards trend with regular pull-backs providing buying opportunities. Next buy in should be around spot of USD 3,350 - 3,375 t/oz (or AUD 5,150 - 5,200) plus bullion dealer commission of say USD 35 (AUD 50).

Bitcoin indecisive! Medium to long term trends indicate #bitcoin continuing to rise, albeit with some pull backs. The present trend indicates a weak move to USD 107,500 range but on balance I expect a pull back at least to the USD 100k range. At present I think many are hedging their bets and moving to historic safe havens like #gold which could see some liquidations in BTC - another buying opportunity for the less well-heeled individuals.

Bitcoin double top called??? Noticed someone calling a double top for #bitcoin today but can’t find the post again. For those who use #gann #gann Swing Charts a double top occurs when a followed item hits a high, turns down then comes back to the same high as before and then turns down. In the #stocks and #commodities markets this generally indicates the traded item will fall in price by twice the previous fall, eg. If the stock had fallen $10 before going up again expect the price to fall around $20 from the high recently achieved. Double tops (and bottoms) can be determined for any trading interval - including intra-day. Personally, I do daily analyses and the present analysis does not show a double top - if that had occurred we would be looking to BTC pull back to USD 90k. Presently BTC is doing what’s called an inside day where the highs and lows of each day are within the high and low of the previous day - basically the direction is sideways and indeterminate - other factors outside of technical trading are likely to determine the next move. I do note that at a stretch the 28 May and 7 Jun Highs would indicate on a ten-day cycle (uncommon) a double top may occur leading to a pull back to USD 90k over the next 10 days. Notably this does bring the timing close to the end of some fiscal years in a number of countries - which tends to lead to some market pull back as people choose to realise their losses and offset some gains. This would mean realising gains in BTC by exiting and then re-entering very quickly. IMHO this is a remote possibility. Latest daily Gann Swing below ..

Good buying opportunity in #gold As much as I like #bitcoin it is important to balance out your portfolio with other assets - although many traditional assets are losing value daily (at least in fiat terms). As indicated in my last post #gold is offering a good entry point for physical stackers as the updated daily Gann Swing show below. There is a remote possibility of of hitting a spot of USD 3,275 (AUD 5,030) giving a physical buy in the low USD 3,300 (AUD 5,080) … be prepared to pay up to USD 3,340 (AUD 5,130). #gold #money #bitcoin #economy

#bitcoin buying opportunities opening! As indicated yesterday and confirmed today #bitcoin is pulling back and, IMHO, is providing the first of maybe several buying opportunities (USD99,000 to USD 101,000 range). Expect a climb back to USD 104,000. Personally, I am expecting two more stops going down at USD 93k to 95k, then USD 83k to $85k. If you are planning to buy hedge your bets maybe 20%, then 30%, then 50% of your available fiat pot. Or keep a little bit aside for a fall lower than USD 83k. Be patient and spread your allocations appropriately. Updated daily Gann swing below. #bitcoin #money #economy

Gold eases!! Markets are reacting to international news as US/China trade discussions proceed and Russia/Ukraine “agree” on a reduction of maritime conflicts. In addition, as we move into the weekend closure of the metals market expect to see a slight pull back. Gann swing presently indicates a spot of around USD 3325 (or about AUD 5,115 for Aussie readers)- although the chart is now presenting higher lows and higher highs this is never a smooth ride up. Bullion from good dealers should be running around USD 3,360 (AUD 5,165 - 5,170) over the weekend and into early Monday. We may see a lift in price as we move into next week. Again - be patient - FOMO will cost you!! #gold #money #economy

#bitcoin shows a slow but steady decline in price as of 4 Jun 25. Bitcoin is now making lower highs and lower bottoms (per Gann Swing). So if you are waiting for a buy in point be patient.

Worldwide adoption of Bitcoin leads to closure of FOREX Markets!! As people and businesses worldwide adopt Bitcoin as their chosen “medium of exchange” a whole industry centred around Foreign Exchange will gradually (and maybe later quickly) die. The IMF, BIS, Central Banks, Foreign Exchange traders, futures in FOREX down to the corners shops in Airports and cities worldwide will either close or have no function in this area. Imagine a world where you can travel without worrying about foreign currency controls and capital restraints implying by having access to your Bitcoin wallet/s. Imagine a world where you can make simply pricing decisions. If you live in an area where a dozen eggs cost 5,000 sats and you go to live in another country for a while and they are 10,000 sats due to supply issues. You can make the simple decision don’t buy or buy less. Imagine a world where a common (Bitcoin) currency is used and the respective competitive advantages of each country or geographic area can easily be determined, oil is cheaper in the Middle East, iron is cheaper in Australia, technology is cheaper from India - even after allowing for shipping. Imagine a world where accounting and financial systems all work on a common money system. The cost of development and overall cost to the consumer would be lower. The challenge of accounting for multiple currencies, even standard setting would be far easier and economical. I may not see the day but I hope many younger than me will enjoy the day when Bitcoin is the only money the world uses. #bitcoin #money #trade #forex #economy

Australia reports latest “broad money” supply for period ended 30 April 25. Broad money over the 12 months ended 30 April 2025 grew by nearly 6.0% (5.84%). This jumped from the previous month report of YoY of 4.96%. It also compares to the reported March 25 12 month Consumer Price Index (CPI) move of 2.4% - Reserve Bank of Australia’s preferred measure of inflation. Not that many Australians took notice or even understand what these figures mean for them - choosing to vote in an inflationary (Labor) government that presented a budget showing a string of deficit budgets into the next decade before the election!!! So Australia your purchasing power of your fiat money has dropped by at least 5.84% across the board since April 2023 - and significantly more against “real money”. In this regard if we measure inflation against the movement in gold prices over the last twelve months we are looking at 35.2% inflation and against Bitcoin significantly more!!! Interestingly, the Australian Bureau of Statistics (responsible for measuring CPI states on its website … "The CPI weights are regularly updated to ensure the weights used in the CPI basket reflect contemporary household spending patterns” They conveniently ignore that price drives the market and affects spending patterns. If price goes up then people will gradually find an alternative or curtail expenditure to the extent possible”. Generally, people will look for cheaper alternatives or not spend at all. This means that by regularly adjusting the CPI basket it is highly likely that the CPI is reflecting the lower end of price movements, in arrears. Each adjustment also means that the previous figures unless completely rebased (Which I understand the ABS endeavours to do) are like comparing apples with oranges. What’s the takeaway … 1. Increased money supply is inflationary 2. CPI, on which monetary policy is partially based, gives the wrong signal 3. The election of a deficit budget (debt-driven) Australian Government will result in more inflation 4. The desire to reduce interest rates cannot be reasonably achieved. 5. Capital flight from the country or to alternatives that are not fiat money based is highly likely. Sadly Australia voted for this as many have a high time preference, ie. I want it now and stuff the future. Some call it short term thinking; however, it is more related to greed and immediate gratification. #money #economy #australia #bitcoin #gold #election #government

Inflation is solely caused by the growth in money supply irrespective of what a group of people consider to be money, eg. Shells, camels, gold, fiat currency and crypto-currency. Inflation reduces the value (and purchasing power) of the money you earned through personal effort or the application of your capital (assets) in the past. The inflation of fiat currency, both issued and sponsored by most governments of the world (and monetary unions), irrespective of political ideology is one of the greatest crimes against humanity. The actions of governments, in this respect, is also one of the major contributors to poverty in the world leading to the concentration of “perceived” wealth in the few. Gold is a form of money. Gold’s worldwide supply has over thousands of years increased at a rate of around 2%; however, its availability to many people of the world is limited, to maybe owning a piece of jewellery. Thus its limited worldwide supply results in it being a reliable store of value. In the future, should we find an abundance of gold that is relatively easy to extract and process, its store of value would be affected. Crypto-currencies, in the main have excessively large supplies that can be added to by a decision of a few people, albeit they are universally available to the masses. Bitcoin, is a crypto-currency found upon work, being the energy consumed in mining, its total future supply is limited to 21 million BTC. Technically and practically it is available to everyone in the world. Its present inflation rate is 0.84% per annum and this will decrease into the future. Bitcoin is the money of the future, it is the money of the people and will ultimately be deflationary. Deflation in contrast to inflation adds value to the money you hold, increasing your purchasing power. Roll on the Bitcoin revolution and introduction as a standard for money!

The currency of most countries is not money. Money needs to meet three criteria: 1. A store of value 2. A medium of exchange 3. A unit of account The currencies of most debt-ridden countries fail to meet the first criteria although they may meet the remaining two. Only Bitcoin has shown that it can meet all three criteria!

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