pepex
1.8K posts



“Exotic dancer” “Sex worker” … when did we just stop calling them whores?



Market is so offside for this move Cash balances high, downsides hedged and sentiment was in the gutter coming into this week Past quarter end too so liquidity to flow back into the market and we continue to rip higher Think pull backs from here quite shallow (sure they’ll be some negative headlines along the way for a dip but it’s clear the Iran war is now concluding and with a US withdrawal, oil will flow) Rates markets completely mis-priced and should revert to pricing cuts, certainly in the UK and US If oil can start to flow, sovereign reserve balances can build which means we see reserve flows coming back into gold As for Bitcoin, still really need to get a Clean break above 74k - short term costs basis in the low 70’s might make it a grind - the Quantum stuff not helpful. Break above 74k and the test more meaningful levels into 85k Still, Bitcoin closed small green on the month of March and outperformed all assets (except oil) - it continues to be battle hardened, surviving another major test The Iran war was the positive narrative catalyst Bitcoin needed and a reminder of its unique properties as a non-sovereign, borderless hard asset Pain in this market is higher. Let the chase begin


