Milo
@milocredit
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Milo, the pioneering and leading Crypto Mortgage company. Building lending solutions for people who never want to sell their Bitcoin. Not advice.
Miami, FL
Joined January 2019
ALERT: Bank of Japan might have just intervened in currency markets Overnight, following the Bank of Japan press conference, the Japanese Yen dramatically strengthened against the dollar BoJ officials aren't officially commenting yet. This might have been a 'rate check'
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A 'rate check' is when a large player like a central bank's trading desk, calls up banks/dealers and asks for a quote for a large amount (i.e. on JPY) It signals intention to intervene, allowing the market to do the work for them (without having to actually intervene)
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BREAKING: As reported by the Financial Times, it appears that the NY Federal Reserve desk conducted rate check(s) on Friday in an effort to weaken the dollar/strengthen the Yen This is incredibly rare, and signals that a LOT more dollar weakness might be ahead of us
ALERT: Bank of Japan might have just intervened in currency markets Overnight, following the Bank of Japan press conference, the Japanese Yen dramatically strengthened against the dollar BoJ officials aren't officially commenting yet. This might have been a 'rate check'
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Making another sharp leg lower (stronger Yen) We might be seeing the early stage of a currency intervention
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A 'rate check' is when the Bank of Japan officials make an informal inquiry to banks/market makers and ask for a quote on the Yen This is often seen as a subtle warning of a coming intervention
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Ounces of silver needed to buy 1 BTC: Jan 2016 - 31 ounces Jan 2018 - 825 ounces Jan 2020 - 400 ounces Jan 2022 - 2,008 ounces Jan 2024 - 1,763 ounces Jan 2026 - 895 ounces
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Dollar's Reserve Currency Status = Finished? A disturbing trend is emerging for the dollar: Despite the fact that US bonds offer relatively more and more yield since April, the dollar has weakened substantially versus the Swiss Franc A new safe haven.
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Just a reminder that in his interview with Bloomberg Surveillance, Rick Reider said that 3% inflation wasn't concerning When asked what would be concerning, he said "4% or above that" They're going to run it VERY hot. Bullish. 🔥
JUST IN: 🇺🇸 Odds of BlackRock's Rick Rieder becoming the next Fed Chair to replace Jerome Powell hit new all-time high.
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Absolutely incredible things are happening in the gold and silver market Silver looks primed for $100 per ounce
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BREAKING: 3rd quarter GDP just got revised upward to 4.4%, the highest in 2 years
The Fed's G.17 Industrial Production report is out: Month-over-month, the index rose 0.4%, significantly above the market's expectation The move higher in industrials appears to be durable, with the index continuing to rise to the highest level since September 2019 Bullish🚀
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Yields up, stocks (and BTC) down Yields down, stocks (and BTC) up The S&P 500 has been trading inverse to the US 10yr yield, almost tick for tick
After yesterday's historic move in Japanese government bond yields, JGB's are getting a strong bid today 30-year JGB yields down 18bps today
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After yesterday's historic move in Japanese government bond yields, JGB's are getting a strong bid today 30-year JGB yields down 18bps today
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Project Caracas? When they tell you who they are, best to believe them They're going to run it hot, the release valve will be the dollar. When fiat is overbundant, the price of assets goes up The more scarce the asset, the more the price appreciation.
PRESIDENT TRUMP: "Our stock market dip is peanuts, that stock market is going to be doubled." Trump says the Dow is "going to hit 50,000" and double to 100,000 "in a relatively short period of time."
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Good volume coming in on Bitcoin here after it failed to make a new low Did it find its bottom?
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Since early December, bitcoin has traded quite strangely: Generally, an asset like gold or bitcoin should *rally* when the dollar is weakening, and faces headwinds when the dollar is appreciating We've seen the opposite - a strong, positive correlation Very strange
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Not only is the dollar DOWN on increased geopolitical tensions... SO ARE TREASURY BONDS & STOCKS The 'Sell America' trade is back, and it indicates capital flight out of the USA
Tariff threat and the dollar goes LOWER? With the renewed trade war, one would expect the USD to rip higher (ie. Balance of Payments improvement, reduced dollar exports and a bid via 'safety trade') But yet, we saw the EXACT OPPOSITE Bullish for short USD assets like BTC
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What the president is saying is absolutely HUGE: The export of dollars to the rest of the world is about to stop (the trade deficit is the mechanism by which the US gets dollars to the rest of the world) They're telling you the USD's global reserve currency status is no more
TRUMP: THE US WON'T HAVE A TRADE DEFICIT NEXT YEAR
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