Crypto Prices Heat Up in the Face of the Global Meltdown

14.08.2017 • Switzerland

Henry Bonner – Strategy and Council Letter (Switzerland) –

Yesterday we took a train ride – passing through the mountains of Switzerland … climbing the slope towards the Alps, then rushing down slowly on the way back …

You have an immensity recalling the deserts of Nevada … or the foothills of the Andes …

Travel picture below …

An unparalleled day to go to the mountains …!

On the other hand, on the stock market side these days, the sky is overlapping …

We continue to down the slope here in France – with a CAC 40 down since early May – although the situation in the US gives more hope … On the
other hand, even Wall Street has declined this weekend – the S & P 500 Has lost 1.4% since Wednesday … under the weight of the rhetoric of North Korea, and the fear of a future conflict with the United States …

Our CAC40 followed Wall Street down – losing 1.6% from Wednesday to Friday, before resuming a few colors this morning …

Meanwhile, analysts are pointing to weaknesses in the “tech” sector, which has been leading the market for more than a year …

MarketWatch:

“Apart from issues of geopolitics, the stock market decline of two shares in the tech has sowed doubt on the market.

“Snap Inc., the parent company of the [smartphone video messaging] application, lost 14% as a result of lower-than-expected earnings releases, and in particular the decline in sales prices of ad-spaces.

“Meanwhile, Nvidia Corp. Lost 5.3% despite the publication on Thursday of rising results. According to some, the markets would have overestimated the growth prospects of the smartphone circuit manufacturing group – with a 160% growth in the stock market over 12 months. “

As a reminder, Wall Street has hit highs after rising stock prices for 8 years – with a rise in the S & P 500 of 257% since the bottom of the crisis in March 2009 …

Here in France, our CAC 40 has been retreating since early May … but, widening the prospect, we nevertheless experienced an increase of the order of that of Wall Street … with a gain of 81% since the background of the crisis Euro, in September 2011 …

Today, on Monday, August 14, the CAC 40 climbed 0.88%, as did the S & P 500, while the rhetoric about the risk of conflict with North Korea changes …

Reuters:

“Suh Choo-suk, Deputy Minister of Defense for South Korea, said he did not anticipate a potential conflict with the North, challenging the North’s strike capabilities, Provocations, including missile tests …
“He said,” Both the US and South Korea doubt North Korea’s ability to get a missile to a target. “

For the market, perhaps with the change of tone in the media, fear seems to dissipate …

Meanwhile, bitcoin breaks its records, especially thanks to the Japanese …

CNBC:

“Bitcoin reached a record above $ 4,000 per coin on Sunday to hit $ 4,225.40, thanks to demand from Japan, pushing the asset to four times its January 2017 price.

“Just in August, bitcoin climbed 40% – and its stock market valuation rose by $ 10 billion in the space of a week, reaching $ 64 billion.

“46% of the volume of trade of bitcoin occurred in yen [currency of Japan] on Sunday, against one third a day before.

“Meanwhile, 25% of trade is in dollars, and 12% each in yuan [for China] and won [for South Korea].”

With such a craze for the bitcoin, hundreds of crypto-currencies hover around 10 times, 100 times, or see 1000 times their January value per coin – pieces like Monero, Dash, or others.

NEO, for example, the work of a group of crypto-coiners in China, traded at $ 0.14 on January 1, 2017 – to reach $ 49.6 today … ie gains of 35.329% …

We published a presentation Thursday on the opportunity in crypto-currencies, and how to participate –  check it out here …

What to do…?

For the media, the craze for bitcoin occurs due to fears for the future – prospects of war or inflation …

In Japan, despite the release of figures showing a 4% growth in the quarter, people worry about the value of their money …

For gold, the price of ounce has risen by 5% since July, and 12% over the year … also taking advantage of fears for the value of currencies – especially in Japan where inflation is heading towards 3% …

Gold, Silver, Gold, Gold and Silver Currencies

Meanwhile, you can go here for the details of “revolution” going on in crypto-currencies .

More to follow …

Truly,

Henri Bonner

-Read more at www.lettre-strategie-conseil.com (French)-

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