Cryptocurrencies Hit All-Time Highs, Gold Spikes Higher As Investors Flee The Stock Market
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Bank of America Merrill Lynch reported this week that investors had pulled $30 billion from US stock funds over the last ten weeks. And, the latest week of outflows marks the 10th straight week of withdrawals, the longest in more than a decade.
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Investors pulling $30 billion from the stock market in the last ten weeks is very interesting as the value of all cryptocurrencies has simultaneously surged by $47 billion in the last ten weeks.
Could it be that investors are, smartly, getting out of the stock market and into cryptocurrencies?
It’s possible. The Dollar Vigilante’s Senior Analyst, Ed Bugos, has sensed as much, noting in a personal post last week that while he does not, “see much competition between gold and the cryptocurrencies, [he] definitely [sees] some between the NASDAQ and the crypto space.”
By that, Ed means that there is competition over increasingly scarce investment capital.
And, Ed had already figured that a fair amount of the capital coming into cryptocurrencies was coming from the stock market.
Ed warns, most notably to subscribers, that a lot of investment has come from Wall Street and the establishment, which to him merely emphasizes the vulnerability of the crypto bull to the Federal Reserve’s monetary policy and the wider boom created by the record interest rate suppression.
In other words, during the next stock market crash, we could see a serious drop in the cryptocurrencies. TDV subscribers (subscribe HERE) will be fine though because we are prepared for the crash in other financial assets by hiding out in the precious metals, which have sat out most of the boom, as well as by shorting the US dollar and the stock market.
Certainly, someone is investing heavily into the cryptocurrencies as they continue to hit all-time highs. The value of all cryptocurrencies now sits at the cusp of $160 billion.
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Bitcoin has been the biggest driver of the overall crypto gains since the beginning of the month and the Forkening.
Bitcoin itself has just hit a new all-time high $4448 on August 25th.
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And Bitcoin Cash continues to trade above $600 for a market capitalization of nearly $10 billion.
![](https://steemitimages.com/640x0/https://dollarvigilante.com/wp-content/uploads/2017/08/btccash3month.jpg)
Combined, bitcoin and Bitcoin Cash trade near $5,000 total and a total market capitalization of nearly $80 billion.
And, gold finally caught some wind under its sails after lagging the cryptocurrencies badly for years. It rose to over $1,320 today; its highest level in nearly a year.
![](https://steemitimages.com/640x0/https://dollarvigilante.com/wp-content/uploads/2017/08/gold1monthfinal.jpg)
At The Dollar Vigilante we have been heavily long cryptocurrencies and gold… and everything is currently going our way.
In the next few days we’ll release our next issue of the TDV newsletter where I’ll speculate that what we are seeing are the pre shocks to a fall crash… And, unbeknownst to many, this September may be the end of the Jubilee year, not last year.
We’ll have our eyes focused closely on all that as we enter into an interesting autumn period. What’s another word for autumn? Fall. And we may see the US stock market do just that in September and October.
Still not prepared? Make sure to subscribe to get all of our latest analysis and advice HERE.
And if you are still behind on learning about cryptocurrencies, check out our free four-video webinar HERE. If you accept our offer at the end of the webinar, we’ll even send you your first $50 in bitcoin directly from me, personally.
In the meantime, here at TDV, we are enjoying the end of summer with more spectacular gains to add to our already ridiculously spectacular gains.
Who would have thought that watching the whole system burn to the ground could be so much fun?
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I have been killing it trading BTC with leverage on Bitmex. Where was this money making game when I was a kid?!
BTC trading is risky enough... without leverage :P
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Wow, I just checked and you're right. Bitcoin is higher then ever before. :) I didn't know it went up today. Woohoo! Im also glad to see gold headed in the right direction.
![](https://steemitimages.com/640x0/http://i67.tinypic.com/zxjzt5.png)
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http://www.FlippyCoin.com is the #1 Cryptocurrency Exchange!![](https://steemitimages.com/640x0/http://i65.tinypic.com/r2ur9d.jpg)
Haha! What a cute little angel :)
lol
Hahaha
idk your generation was too busy selling out to the military industrial complex and ruining America's global image I guess. Stay off kraken.
What is wrong with Kraken?
uh nothing. sry shouldn't post mad. Totally confusing.
They were waiting to order 2 pizzas from Papa John's :D Cryptocurrency Trading is awesome
look my post about waves. I think is interesing currency. It have LPOS , you can earn tokens leasing your waves
https://steemit.com/cryptocurrency/@superpako/waves-plataform-and-lease-cryptocurrency
#spam
Let's get some opinions on physical silver:
![IMG_5137.png](https://steemitimages.com/640x0/https://s26.postimg.org/clxtg63p5/IMG_5137.png)
How high do YOU think it's going?
Weigh in with a reply!
The gold silver ratio is still way off, when silver plays catch up we will both be very happy!
I hope so! :-)
HEHEHEHEHEHETETETETE
A very worthy read!
I think gold is only as good as bitcoin death.
Crypto world is making money while I sleep
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Can you feel the freedom coming?
Feed the government!
Or was I looking for a different f word?
https://dtube.video/#!/v/ragetester/6xicf9st
Truth revealed on old tv show, people still ignorant...
LOL 😂
Do you believe crypto prices will fall just like the stock market during a depression?
great question! will be interesting to see, I bet everything will fall, but safe havens will rise after the shock, and I think cryptos will be in that boat
Exactly my concern! Will the ones with a huge following from Asian countries (BTC, EOS, etc.) really be as affected by an American stock market crash?
Well it could be a self fulfilling prophecy ... in that the rush to cryptos crashes first the NASDAQ then the DOW and as momentum builds with fear being a stronger driver than greed - and the dominoes do fall.
Gold is joining the party
"Who would have thought that watching the whole system burn to the ground could be so much fun?"
It's all fun and games until people start starving. Then I hope everyone is ready for what comes next. Got physical security?
Edit: I self upvoted to raise past spammers.
Best market of all markets