Course I don’t know how we can believe any numbers that come out given they’ve lied about everything. Regardless, every number is bad for pm’s so it’s just another day. For some reason every number is good for crypto.
So, another brutal Christmas for pm’s but especially for the miners. I’m not sure this time of year has been good for the sector since the early 2000’s. What a crap show.
Rate cut tomorrow should be especially brutal once Powell starts talking hawkish. It will be great for crypto though.
We’ll be lucky to hold $2500 by year end