Trading Futures TV show, FOMC, Gold and Bitcoin (Libra)

Thanks everyone for joining us for this week’s Econemotion brought to you by Mike Agne of Magnelibra Capital Advisors. You can find our blog page at www.econemotions.comwhere we write our weekly thoughts in hopes that we can provide you with unique insights upon markets, trading and risk.

I am the manager of Magnelibra Capital Advisors which is an NFA registered CTA, that manages individual accounts and executes the Blue Dragon Discretionary Program, a long/short relative value futures and options trading program. Feel free to visit our website at www.magnelibra.com and follow me on Linkedin as well.

“Our mission is to be a significant portion of your portfolio’s alternative asset allocation”

Thanks to Trading Futures with Anthony Crudele for inviting me onto the show to talk about the latest FOMC and the market technical's in Gold, Dollar, US Govt 10yr and of course the SP500. The link to the show can be found by clicking this, Trading Futures with Anthony Crudele On the show Anthony put up a meme I did 4 years ago, basically outlining my expected path of interest rates into the future:

I think this is pretty dead on and I truly think the FED is on a dangerous path of no return. I firmly believe given the massive growth in global debt coupled with the massive negative interest rate bearing debt around the globe which hit a staggering $13 trillion last week is a major head wind. In the show I told AC that I suppose the economy is so good we have to cut rates and the economy is so bad we have to cut rates. I hope you get the gist of this absurdity.

This next chart shows just how well the US Bond Future has performed this year and in direct comparison to the SP500. We often hear novice investors speak of bonds as boring and offer no interest or upside, for how could they when the coupon is just 3%! Well we hope this next data chart puts this absurdity to rest:

Finally we hope you are catching on to the wizardry that these global central banks continue to employ. The reality is the mechanisms of monetary policy are virtually impotent at creating true organic economic growth, so the only thing they know is debt and debt is money and money is debt, or so they tell us. Well to all you savers out there, good luck, they just gave you all the big middle finger and said, if you want to beat inflation, put your money at risk, or else get nothing...or in fact pay us to hold your money with negative interest rates. It's no wonder Bitcoin is over $11000 again, in fact the mathematically defined construct should continue to destroy fiat by factors. We have spoken highly of this technology for 5 years, investors continue to balk and continue to fight and we will continue to throw it in your face until you realize one very important thing. FIAT CURRENCIES ARE DESIGNED TO LOSE VALUE OVER TIME and BITCOIN IS DESIGNED TO BE THE EXACT OPPOSITE. So continue to deny, continue to disbelieve and continue to watch as time decides who or what truly has value! Also realize as rates go real negative, the confiscation, tracking and control of monetary velocity will have to be under strict watch and guard and as such he who holds the keys to your cash has the final say, let's just say when its parked in a bank, it ain't you!

Oh on that note, here is our last meme of the day...this one involves the pseudo-crypto Libra by Facebook. One thing we do like about it, is the massive reach Facebook has, at least it puts into the minds of many the thought that a technological based barter system can indeed have influence...except this one, well let's just say we know better, we know its not decentralized and we know that it is not permissionless, but Bitcoin welcomes the free advertising:

DISCLAIMER: For Educational purposes only. This is not a solicitation to buy or sell commodity futures or options on neither commodity futures nor an endorsement for the purchase and sale of an ICO, Cryptocurrency or any digital asset and should not be construed as such. The risk of trading securities, futures and options can be substantial and is not for everyone. Such investments may not be appropriate for the recipient. The valuation of futures and options may fluctuate, and, as a result, clients may lose more than their original investment. Nothing contained in this message may be construed as an express or an implied promise, guarantee or implication by, of, or from the author Mike Agne owner of Magnelibra Capital Advisors LLC (MCA) and the website blog, which can be found at www.econemotions.com. All rights are reserved. We will never claim that you will profit or that losses can or will be limited in any manner whatsoever. Past performance is not necessarily indicative of future results. Although care has been taken to assure the accuracy, completeness and reliability of the information contained herein, (MCA) makes no warranty, express or implied, or assumes any legal liability or responsibility for the accuracy, completeness, reliability or usefulness of any information, product, service or process disclosed.