Due to my joining GCIC as of today, we’re going to suspend all trading on the CPA Fund through August. Commentary will be extremely limited as well.
Wish you all a great summer!
Bloomberg Snaps as of EOD 04/30/2013
Vol over the last few days has been notable, however when our cycles peak, they tend to linger for a while. At this point I think we still have to wait for someone to shoot the archduke before everyone scrams. Interesting action in the futures markets where the slope of e-minis is out over the year is beginning to appreciably steepen to the down side. More on this and gold soon. (I’m seeing a bit of BTC overload on the front page–just have to mix it up a bit)
Every once in a while, some giant, paradigm-shifting idea emerges from the ether. Google changed the way we seek and retrieve information, Facebook changed the way we connect and now, I believe Bitcoin will change the way we exchange. Though I’ve been following and using BTC for a while, I believe we are now on the precipice of a major inflection point in both the sheer number of people who use it, are aware of it, or will try to regulate it. Over the next little while, we’ll be discussing its potential and their ramifications–suffice it to say, my imagination might be getting ahead of me but this just might save the US Post and concomitantly reduce gang-related violence in one fell swoop. At present, this is really a currency to get people around the modern-day version of a speakeasy; Tor–the encrypted, anonymous, seedy underbelly of the internet–pretty much the digital equivalent of Mos Eisley.
#bitcoin is here