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Japan inflation came down to 2.9%. This gives the Bank of Japan less pressure but inflation is still above comfort.
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Gold hit a new ATH Silver pumped hard. So 👀 Do you expect a big green $BTC candle this Christmas? New ATH or still waiting? Just a thought.
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Foreign holdings of US Treasuries fell slightly in October, down $5.8B to $9.2T. Even after the drop, this is still the 2nd highest level ever. China reduced its holdings by $11.8B to $688.7B, the lowest level since 2008. At the same time, holdings linked to Belgium rose $1.6B to a record $468.4B, which often reflects custodial accounts. Japan, the largest foreign holder, added $10.7B, taking its total to $1.2T, the highest since mid 2022. The UK also increased holdings by $13.2B to $877.9B, the 3rd highest on record. Canada was the outlier, cutting $56.7B, dropping to $419.1B, the lowest since July. Big picture Despite some shifts, global demand for US Treasuries is still strong.
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As i told you After GOLD and SILVER Next $BTC 😉 United Arab Emirates now owns over $900M worth of Bitcoin. Big money is not panicking. Oil money is buying the dip.
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Silver has surged to $69 for the first time ever. A historic move.
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Americans now say current economic conditions are the worst in history.
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