Originally posted by errolanderson
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Confirms crypto will crash. Insane amounts of money to spend on AI and data centers. Companies are finding AI more expensive than real workers. What do you do with abandoned data center? They will either run out of money or resources. Tech does not stand still. . Obsolescence will consume them in5 years. -
I heard an interesting take on this topic recently.Originally posted by agstar77 View Post
Successive US government supporting the build out of LNG export facilities, pipelines, and all the upstream production and infrastructure to support an export market which did not exist, not even on paper.
Fast forward till now, the US has started wars against Russia and iran. Blew up the pipelines that connect Russia to Europe. Destroying infrastructure in both Russia and Iran. Plus all the other collateral damage throughout the Middle East.
Now expensive US LNG is filling the void worldwide. Probably just a coincidence.
It could be that government has long-term plans for all the data they have been collecting from their citizens that they can analyze with the as yet unjustified data centers.Comment
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The CDN big 6 bank share prices are on one hell of a tear this past year.Originally posted by errolanderson View Post
Huge profits, secure, and pay good dividends.
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Precious metals caught in-the crossfire. Silver breaking $70 per oz. Gold chart support seen approaching $4,200 per oz should follow-through selling persist.
The race for cash is-on as margin calls intensify. Dominos.
Leverage thrills on the way up, but leverage kills on the way down . . . .Comment
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NASDAQ down 1,121 points today, June 05th. This is is largest one-day drop in the NASDAQ in-history . . . . Monday, Monday?Comment
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South Korea KOSPI stock index halted this Monday morning as index plunged 8% at the opening bell. This could be a wild week . . . .Comment
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Friday was bad.
The elevator on the way down?Comment
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AUGUST GOLD — An incoming test of $4,000 per oz key technical chart support nearing. What’s the problem with precious metals?
1. The bond market has been warning. Rising bond yields continue. The cost of debt is rising. Treasuries a direct competitor for investor funds.
2. U.S. dollar remains strong as war drags on.
These factors also contributing to selloff in cryptos. Bitcoin approaching $60,000, off more than 50% from 2026 highs.
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U.S. dollar index breaking above heavy resistance @ 100.00. Cdn dollar taking pounding this week. U.S. Fed hinting at hiking rates in July. Gold and silver caught in-the-crosshairs, precious metal selloff continues.
U.S. / Iran MoU peace deal ripe to fall apart (IMO). Rebound in oil prices. Insane politics at-it’s-best . . . . Stock market, a ticking time bomb. SpaceX IPO . . . enter at your own risk.Last edited by errolanderson; Jun 18, 2026, 21:19.Comment
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SpaceX collapse. Memory chip collapse. Stock market manipulation days for the chosen few may be finally over . . . .Comment
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