This morning’s trading in the bitcoin and gold markets has been absolutely insane! Just like NIA predicted, Bitcoin exploded this morning past its previous record high of $1,151 and reached a new all-time high of $1,155.49, up 117.4% since NIA suggested Bitcoin on May 30, 2016 at $531.56. Afterwards, we saw major profit taking as investors prepare to rotate into new Bitcoin-like digital currency plays that are next to explode for massive short-term gains of 50%-100%!
Currently, Bitcoin is trading for $941.20 – down a shocking 18.5% from the new record high it reached a few short hours ago – and this illustrates perfectly why GoldMoney (TSX: XAU) is superior to Bitcoin and will be next to explode for massive gains over the next 3-4 weeks!
Imagine if you operated a business and you just completed a project for a client that you invoiced this morning for payment. Instead of wasting time and money going to the bank and sending a money wire, they immediately paid you the balance owed in Bitcoin and you thanked them for the prompt payment. What would you do if a few hours later, you log onto your computer to pay your employees, subcontractors, and suppliers for their work on the project, but suddenly you’re shocked to see that the Bitcoin price has collapsed 18.5% from the time you received payment this morning!? After paying your employees, subcontractors, and suppliers in Bitcoin – your normal 20% profit margin got cut to only 1.5% and your projected profit was reduced by 92.5%!
This extreme Bitcoin volatility is going to hold back most businesses from adopting the cryptocurrency, but will strongly motivate them to seek a Bitcoin-like alternative that allows for easy, fast, secure, and cost-effective digital cross-border payment transactions with real-time processing, instant settlements, and the ability to immediately redeem funds. XAU’s GoldMoney digital payment platform provides the perfect combination of the latest technology-driven innovation together with the unique attributes of gold as a store of value!
Gold today is up for the eighth straight day, gaining $14 to $1,178.20 per oz! On December 27th with gold at $1,131.90 per oz, NIA published an important gold update featuring its proprietary system for analyzing the fundamentals of gold to determine its short-term fair value. NIA announced that gold had a short-term fundamental fair value of $1,210 per oz – making it due for an explosive short-term rally of $78 per oz! Since December 27th when NIA published its gold report predicting that a short-term $78 per oz upward explosion was imminent, gold has gone practically straight up for a gain so far of $46.30 per oz!
XAU has just surpassed its key breakout point of $3.42 per share and we are now 100% certain that a massive upward explosion for XAU is imminent! Based on the last two times XAU surpassed its key breakout point, we should expect a minimum rally of 52% to $5.19 per share over the next 3-4 weeks – but realistically it could explode by much more due to the company’s massive share buyback program that just commenced along with Peter Schiff beginning to aggressively market the GoldMoney platform as the #1 way to buy gold now that GoldMoney has acquired his Euro Pacific Precious Metals business! Last quarter, XAU’s revenues were up 112.25% to $141.17 million – making it one of the world’s fastest growing technology companies!