Boxming-Huobi-Tether; Gold2020-Stock Market Crash


Boxming

Huobi launched its own stable coin HUSD which allows exchange between 4 different stablecoins:  PAX, TUSD, USDC and GUSD.   Its CEO said HUSD is really not a stablecoin but a medium that facilitates exchange of stable coins.  How it works is that any stable coins deposited in Huobi will be automatically converted to HUSD and then can be withdrawn as the stablecoin specified by the user.   The timing of the rollout is peculiar – it was at the height of last week’s Tether FUD.    According to Boxming’s  source in China, the USDT FUD was a lot worse in China.  The conspiracy theory was that Huobi might be purposely spreading FUD against USDT to encourage people to switch over to its new coins.   Notably, USDT is not included into exchange pool.   Huobi said it’s due to concerns that USDT is currently unregulated and is subject to a lower regulatory standard.   

Some expected that USDH will allow USDH to make large arbitrage profits by swapping stablecoins.


Gold2020 Forecast:

Nathan read about the coming stock market crash on my blog yesterday.  He asked me how that prediction came about?    Sometimes I think the pictures say a thousand words.

The “Rising Wedge” is a bearish pattern with lines sloping up with a narrowing channel UP trend.  People are complacent as the immediate UP trend continues to grind but they don’t notice the narrowing channel.   As the tread lines get closer to meet, a violent sell-off forms collapsing the price thru the lower trend line triggering longs to panic sell as the downtrend forms.












  

In the last 2008 crash, China stock market crashed 6 months earlier than the US stock market.






With all the rising wedges patterns occurring in other major markets and some of them already broke the lower support line such as Germany and China, do you think the US stock market is far behind?

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