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For the first time in 20 years, the euro and the dollar have equalised, indicating that the market believes that the Russian invasion of Ukraine will cause a severe downturn in the European economy. Currently, 1 euro is equal to 1 US dollar.
Sorry to see the PI's getting wiped out, had looked here as a play if the war had any chance of ending soon but I didn't think it had then or has now. Genuinely sorry for all pi's holding whom as usual are at the bottom of the pile for any capital return.
Analysing the cey sp over this past few year's I'm more convinced than ever that algobots are playing a big part in the sp magnifying any trends, mostly down obviously this year. Note I am not a robot not a robot not a robot.....
My take before I go out to play is vast amounts of money is flowing out of risky funds into the $ but only temporarily as a safe haven but lots of those $'s are going to get to PM's etc as an inflation hedge before long . Bye..
Right now defence is the name of the game it's the best strategy right now, because in a recession a lot of things fall out of bed. Once the Fed whimps out pog will fly but we also are hopeful for good inbound company news which can land at anytime.
Gold price decline reflecting other non $ currency basket decline NO other reason short sighted knee jerk reaction of those that cannot comprehend that all money is loosing value including the $ hand over fist fast due to inflation.