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Talking about stuff you can actually polish, the yellow metal seems to be breaking out. I wonder if crypto might face some competition for investment $ over the coming months.

UK TV ad.

No, only exchange traded stuff like ETFs and stocks. There are 2x and 3x nat gas ETFs if you want leverage. Also short as well as long.

BOIL and UNG are fine if you only intend to hold for up to a few months. Just not a good idea holding them for years.

By the way, I see what some of you mean about $2. Click on 25Y https://tradingeconomics.com/commodity/natural-gas

Yes, I don't know of any ETFs which track the spot price. Certainly none of the ones I've checked have a chart which looks anything like this (click on 10Y, and compare with UNG and BOIL over the same timeframe). https://tradingeconomics.com/commodity/natural-gas

Re. UNG Clicking on Max on this simple chart, it looks like a wasting asset to me. https://www.google.co.uk/search?q=ung Even if you nail the low of the current cycle, I'm not sure how much potential there is to be made. ----------------------- PS. ditto BOIL, another wasting asset...

Because markets (ie. people) never change.

And now the BoE are saying inflation is just a temporary phenomenon. I suppose they could be right. :D

Back in 2008/9, the BoE said that reducing interest rates to near-zero was just a temporary measure. I remember scrabbling around to get our savings on to a decent fixed rate before they disappeared. I thought 3 years ought to be long enough for things go back to normal. How wrong that proved...

After 13 years of near-ZIRP, when interest rates suddenly go up almost 10-fold, it's not surprising some stuff starts to break or unravel. ZIRP will have led to a lot of "clever financial wizardry"; stuff which may no longer work with high interest rates. In the UK, the pensions industry...

Economies don't tend to do very well without some inflation. If everyone had their money in a deflationary "currency" like BTC, then there would be a propensity to HODL and defer purchases, which would create a major drag on the economy.

I've a small amount invested in an ETF (NASDAQ: DAPP) which tracks a bunch of crypto stocks including COIN, RIOT, MSTR, MARA. https://www.vaneck.com/us/en/investments/digital-transformation-etf-dapp/holdings

https://thereformedbroker.com/2013/08/03/nine-surprising-things-jesse-livermore-said 1. “Money is made by sitting, not trading.”

For what it's worth... After the last 2 bear markets, a cross above the 200-dma signalled the worst was over. You wouldn't have got in at the bottom but you would have avoided virtually all the drawdown. Had you then held for a couple of years or so, you would have come out well ahead. I...

A question for anyone who's had this latest "obvious" revealed to them... Are you persuaded that it is the obvious that @nysestocks was alluding to?

For what it's worth... BTC has broken above the 200-dma. (It's been below the dma since the start of Jan 2022.) In previous bear markets this has signalled that the bear market was exhausted. Of course, this time could be different.

I'm a cynical old bastard, who no longer believes in anything. I've fallen for investment stories (hype) in the past, and got burned. Now I treat everything as a calculated gamble. And, you know what, I'm inclined to agree with you. :)

None of that holds much interest for me personally. I'm quite happy having most of my money, to live off, in FIAT. The only question that interests me is: Over the next 5 years, does BTC have better NGU potential than SPY, QQQ, gold, silver etc.

Here's another example. You're relocating to a different part of the country. You sell your home and decide to rent for a year or so, while you look for a new house. You put the proceeds in BTC. Had you done this 12 months ago, you might now be a long-term renter. :D