News and Forum: http://Bitcoin.com
BTC: 11gKTMYCxeXqfCexBL1zPFqdKGYkiwhzr
Todays Guests:
George Samman
http://sammantics.com/
https://twitter.com/sammantic
And your host Theo Goodman
https://twitter.com/theog__
http://haasonline.com
WCN Episode Summary: "The Trade 04" (2016-03-17)
This episode featured George Sammon, providing an analysis of current market movements heavily influenced by central bank policy. The discussion focused on the significant impact of the Federal Reserve (Fed) and the Bank of Japan (BOJ) actions on various asset classes.
Key Topics:
- Central Bank Influence: Analysis centered on the Fed's downgraded assessment of the US economy (reducing rate hike expectations) and the BOJ's continued inactivity.
- Macro Trends: The analysis highlighted a major downtrend for the US Dollar and noted that commodities, such as oil, were in a significant uptrend.
- Asset Analysis:
- Bitcoin & Litecoin: Both were observed to be consolidating in sideways patterns.
- Gold: Despite recent volatility following Fed announcements, the bounce off daily support suggested bullish momentum.
- Crypto/Equities: Ether (ETH) was noted finding support at the 100-day moving average, while the S&P 500 (SPX) remained cautious near resistance.
Key Quotes/Claims:
* "The US Dollar is in a major downtrend and is oversold."
* "Central bank actions (specifically the Fed) are highly significant drivers for all mentioned assets."
* "The bounce off daily support [for gold] suggests bullish momentum."
People Mentioned: George Sammon, Fed (The Federal Reserve).
Bitcoin Price: Not mentioned.