Outlook Commodity Prices – BMO Capital

Iron ore is about to crash according to BMO Capital. I would take profits in Vale.

 

Biden Capital Gains Tax

A 7% capital gains tax on stocks could hit the market if it is approved. This tax will lower GDP and lower bond yields and make stocks less attractive. This will be wildly bullish gold of course.

Chinese Yuan Vs. China Errors and Omissions in Balance of Payments

To keep track of China capital outflows, we need to look at China’s “errors and omissions” line in its balance of payments. This number represents the residual of the main BOP accounts registering trade and investment flows—in other words, capital that has moved across China’s borders without being documented. The capital outflows accelerated in 2015 and that is when the Yuan started depreciating. So these two are correlated.

 

Alphabit (ABC) soars 3000%, BITCF could be ten bagger

I’m interested to know what this surge in Alphabit (ABC) means.
I really have no idea. Just recently, First Bitcoin Capital (BITCF) was halted because it soared too fast. We know that BITCF owns 95% of Alphabit and a day ago, Alphabit was valued at around $5 billion. However, one day later it is valued at $50 billion, with a peak of $80 billion.

Either my calculation is completely wrong, or BITCF should soar 50 times when the suspension is lifted on 7 September.