U.S Dollar Collapse Imminent – Everything Else Goes Up

The U.S Dollar has “once again” made an ugly turn lower….suggesting a much larger fall if not “full on crisis” in the not so distant future. This will keep cryptos flying higher.

Cryptos Going Up

Cryptos Going Up

This will essentially drive everything else ( including all crypto currencies ) significantly higher, as well the precious metals ( if you can believe ) as investors begin ditching U.S.D in droves – seeking to place their money in “anything else” they can find. I feel the crypto currencies will benefit greatly…so for all you “ya it’s a bubble / cryptos are a fad” type thinkers….open your mind and see about starting an account / getting a wallet set up soon.

Lite coin pop…..lite coin pullback and excellent place to buy coming very soon.

Get “Monero” on your watch lists as well watch Ripple and Cardano ( some very serious technology behind this one! )

Here’s a nice place to keep an eye on Cryptos: https://coinmarketcap.com/

Short USD at will.

Bitcoin Profit Taking – Looking At 10,000K

I’m making a gradual shift here at Kong as……..I am far more interested in the exciting future of Cryptocurrency, than the continued demise of fiat. We’ve seen this coming for a very long time here at Kong, and as much as it seems like things have already moved considerably…..we’ve really only just gotten started.

Forex looking to take a back seat here soon, and I hope you all don’t mind. My thoughts are…..for those “young bucks” lurking here looking for a tip – crypto likely even more exciting….and for you “‘ol dogs” much like myself ( or at least somewhere there in the middle ) I imagine you’re pretty sick and tired of asking some punk at a bar or restaurant – What the hell is Bitcoin…and how do I invest?

I will soon be your source for crypto currency news and trade suggestions as I look to take profits on my recent trade ( Sept 20-22nd ) back when Bitcoin was less than half its current value. A full on double in 60 days? Bam – I’m taking it as I expect a pullback here soon.

Forex_Kong_Bitcoin

Forex_Kong_Bitcoin

$10,000 U.S looks like a very nice number to cash out / HOPE the pullback is pronounced but….this train is moving full steam ahead, and I’ll tell you why. Just not tonight.

You need to strongly consider the wide and sweeping implications of these crypto currencies and “re frame” your view and understanding. This is not a fad. It will not be stopped ( only further adopted ) and the train is leaving the station…..just not overnight.

Charts to follow as well my ramblings…….moving towards crypto with my trading and Kongdicator.

Would you expect anything less from a spacefaring entity disguised as a primate?

Thought not.

 

 

 

Evitrade Health ( EVA )- A Company I Am Buying

This press release gets the ball rolling, as I’ve been following these guys for some time now.

The appointment of Brendan Purdy just icing on the cake as……this guy has raised “serious capital” in the space.

Evitrade trades as EVA and is significantly undervalued in my view…..blockchain for medical services?? Hello!?

I’m watching for more news and much higher stock prices as early as Wednesday.

EVITRADE HEALTH SYSTEMS to Develop Medical Blockchain Technologies, appoints Mr. Brendan Purdy as COO to Division, and to Seek Opportunity to Up-List on Senior Exchange

VANCOUVER, BC, Monday November 20th, 2017 – EVITRADE Health Systems Corp. (CSE: EVA, OTCQB: AXHLF) (the “Company” or “EVITRADE”) is pleased to announce that it intends to focus its efforts on developing the medical blockchain services and applications aspects of its healthcare software system.  The company is also pleased to announce that Mr. Brendan Purdy, JD has been appointed as Interim COO of the medical blockchain & data security division, and to be a member of the business advisory committee The company expects to also seek an opportunity to list on a senior exchange subject to meeting any and all financing, regulatory, and listing requirements.

Mr. Purdy currently serves on the board of Global Blockchain Technologies Inc, Enforcer Gold Corp, and is also CEO and Director of High Hampton Holdings Corp.  Additionally, Mr. Purdy has previously acted as CEO of Enforcer Gold Corp. (formerly Natan Resources Ltd.) and Seaway Energy Services Inc., both TSX-V listed mining issuers. 

In addition, Mr. Purdy is an active practicing securities lawyer focused on technology, medical, and resource issuers. In his private practice, he has developed domestic and international experience with respect to public companies, reverse takeovers, mergers and acquisitions (M&A) and many facets fundamental to successful transactions at all levels of capital market transactions.  Prior to receiving his J.D. from the common-law section at the University of Ottawa, Mr. Purdy completed a bachelor of management and organizational studies degree from the University of Western Ontario, majoring in finance and administration.

“I am glad to finally be able to bring Brendan on board in a more formal capacity; his breath of experience in the blockchain technology, medical cannabis, and capital markets sector will be instrumental to both business and corporate development” said Syd Au, Chairman and CEO.

Management believes that there is significant value to be realized from developing the medical blockchain aspects from its digital healthcare software application as well as from seeking and potentially up-listing on a senior non-Canadian exchange.  Both these events may provide better opportunities for financing, visibility and increasing shareholder value and management looks forward to providing updates as soon as possible.

On behalf of the Company:

EVITRADE Health Systems Corporation

About EVITRADE Health Systems Corporation

EVITRADE Health Systems Corporation (formerly Auxellence Health Corp.), (CSE: EVA, OTCQB: AXHLF), was founded in 2013 to provide online “digital healthcare” services for resolving common health problems.

 

Forex_Kong

                         Forex_Kong

Disclaimers – Forward Looking Statements

This news release contains forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The company disclaims any intention or obligation to revise or update such statements. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company’s Management’s Discussion and Analysis and other disclosure filings with Canadian securities regulators and on the OTC Markets website which is posted on www.sedar.com, http://thecse.com/en/listings/technology/evitrade-health-systems-corp, and http://www.otcmarkets.com/stock/AXHLF/filings. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither the Canadian Securities Exchange (CSE or CNSX Markets), nor its Regulation Services Provider (as that term is defined in policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in the United States. The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities law and may not be offered or sold in the “United States”, as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration requirements is available.

Crypto Kong – Killing It On Cryptos And Weed

The purchase of both Bitcoin and Ethereum back on Sept 22nd has been incredible.

All about the same time most “financial gurus” where suggesting crypto currencies were finished – low and behold….a dip and only a dip as Bitcoin is set for higher highs….then higher highs again.

In Canada I use QuadrigaCX for my crypto trading and they are great.

I highly recommend starting an account as it only takes a minute / is so easy and connects directly to your bank account for deposits and withdrawals.

USD has floundered / not “crashed” to the degree that I imagined but…the trade there as well, having held for 3-4 weeks short = Killer.

Shall I go on?

How bout the Canadian Marijuana Stocks??

I bought Aurora at 2.15! ACB

I bought Canopy Growth at $7.50! WEED

And recently picked up THC BioMed ( a friends company in Canada ) at .40 cents. It was .99 cents yesterday!

You know I’ve got the newsletter, and you know how bullish I am on Canadian Marijuana companies. The last 6 weeks have been unreal, as I seriously doubt we will ever see these price levels again.

Jump on the mailer and you might just catch the next wave.

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Kong's Got Weed

                                                         Kong’s Got Weed

 

 

 

You Nitwits – Stop Trading – Sell USD And Hold

Unreal…….you really are a bunch of nitwits ( short of those valued followers I love and hold dear to my heart – you know who you are! ).

Why can’t you just “sell and hold”? I know…I know….its so absolutely counter intuitive that you just can’t get your mind wrapped around it but seriously…..

The U.S Dollar is gonna tank “even further” than it already has as Bitcoin and Cryptos pound higher..and the EUR shoots for the moon.

Bloodbath in USD coming soon to a theatre near you.

Why you ask? How can this possibly make sense? Damn……how come you never asked about the endless printing of phony baloney “funny money” over the past 7 years? Does that make sense?

You can’t get away with that scale of “dilution” forever…..and with cryptos (crypto currencies such as Bitcoin and Etherium )  taking centre stage –  USD is being taken to the wood shed as  it well should be.

You doubt the validity of Cryptos? You think it’s a bubble? You think it’s a fad?

Tuck that head back into the sand.

Paper money is old school….bread will soon cost $100 a loaf.

Stay short / add short USD…..like I said – mid October….I start building the time machine – as my spacecraft is now complete.

 

 

 

 

MAJOR TRADE ALERT! – U.S.D Bear Market Confirmed

The U.S Dollar has now confirmed what I’ve been suggesting for literally “years”.

The latest fall has USD generating “yet another” failed daily cycle, confirming that the United States Dollar is headed for the basement. Cryptocurrencies have now taken centre stage, along side The Euro, as the second most widely held reserve currency on the planet.

The U.S Dollar will be sold “even more aggressively” than in recent weeks / months and the trade is now “more than safe” to enter.

You get short USD – NOW…..and you stay that way until mid October. This is major, major, major serious news but not likely front and centre on your local news ( In the United States I wonder if it will be mentioned at all!) as you know my thoughts about that. We’ve only got one small support zone left to break, and it’s literally…..a loooooong way down after that.

USD - Bear Market Begins

USD – Bear Market Begins

Gold, Cryptocurrencies ( such as Bitcoin ) and The Euro will explode higher, as USD takes a serious nose dive over coming weeks. I’m even considering a target as low as the 85 area by mid October when “once again” the U.S Debt Ceiling is reached…then extended – as always!

We’ll get into specific trades here starting Monday, but in all…….( and I rarely say this in trading Forex ) this is going to be easy money / a very straight forward trade.

Get short USD now…..get long Gold, The EURO and most any cryptocurrency you can manage – then we’ll see how you feel come mid October.

Think about buying yourself some “weed” for more than a few reasons in wake of this USD Bear Market…now confirmed.

I am heavily immersed in the Canadian Marijuana biz ( more on that later ) and am currently spouting off everything I know – “and will know” as Canada moves towards federal legalization spring of 2018. Hit the newsletter sign up – you won’t be disappointed.

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What If…..Kong Plays Devils Advocate

It never hurts to consider the “what if’s” – right?

Playing the devil’s advocate here, I fully understand the complete and total “retail euphoria” currently playing out in markets. Don’t get me wrong either….I’ve missed a couple trades here and there. Fair enough.

Shit happens.

Stepping back and taking a wider view…the SP 500 hasn’t “really” gone anywhere for a full month ( some 20 odd trading days ) as much as the general media hype would still have you think you’ve missed the boat.

“This” isn’t exactly what I call missing a large scale move:

SP 500 - 20 days flat

SP 500 – 20 days flat

Now the “what if”.

You all know I watch the Japanese Nikkei much closer than I generally do the SP so….

The weekly Nikkei is still suggestive of a considerable pullback on the horizon OR…..(and this is still quite possible) a major top / market reversal spanning several weeks.

Nikkei Looks Tough To Me

Nikkei Looks Tough To Me

There is tonnes of room below – on route towards both the 50 day MA as well the 200 ( and we all know I love that 200! ) but more than that…..the previous high back there in Nov/Dec has yet again proven to be a very strong area of resistance.

What if……the Nikkei does still lead? What if….this retail “blow up” turns dramatically dark / sinister on some kind of “nuke news” out of Korea? What if your newly financed car ends up back on the lot since you recently dumped your life savings into the market?

Personally…..and I’ll say it again….I don’t like it.

I’m looking for a good reason to jump off the fence so….. your comments and opinions more than welcome.

If it’s all just rainbows and butterflies…..why am I not buying stocks?

 

 

 

USD Update – Pot Stocks As Well

For those of you who’ve so “intelligently subscribed” to “Kong’s Pot Stock Watch” – I commend you.

Aurora Cannabis has shot up some 15-20% ( don’t quote me here ) over recent days…and is holding / looking good! I’m well into it / averaged in around 2.25 and Canada is still on track to get this stuff legal in coming months. The trade alert come out over the weekend….so don’t be a fool. Get signed up and catch the next one.

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In other news…

The U.S Dollar is a dog. You know my longer term thoughts / views on the money printing and the chaos that will one day ensue. Regardless….still looking for a near term bottom here ( as seen in previous charts of USD/CAD ) and a likely move to the upside.

Today we see a “swing low” on day 17-18 of the daily cycle so…..don’t get out the red panties but I assume USD will take a bounce here.

That’s it – I gotta run. It’s summer and I’m busy doing things that make sense….not staring at charts / watching paint dry, but don’t think for a minute I’ve taken my eye off the ball.

I know everything. I see everything. I am thousands of years old……

I just can’t remember most it.

Forex_Kong_Hungry

Forex_Kong_Hungry

 

 

 

Canada Tough Times – Headlines Suggest Otherwise

I’ve recently come to understand “just how complacent” the general investment community is up in Canada. Now don’t get me wrong –  I am an extremely proud Canadian. I love Canada as anyone so fortunate to have been born in Canada “should” love Canada. However…….

A recent article outlining the current “debt to income situation” in Canada, coupled with the recent “decline in housing sales” and recent rise in interest rates juuuuust might confirm what I’ve been fearing for some time.

The headlines continue to suggest an improving economy, and it appears that the vast majority of Canadians are still living under the guise that “nothing could possibly go wrong in the Great White North”.

I’m looking ahead to Canadian Dollar weakness….as well offer you some “additional reading” below the chart. Interest rates on the rise with the ratio of debt to income – not looking so great.

USD/CAD

The US dollar has fallen vs CAD for the past 2.5 months! I’m watching the 1.2458 number ( a double bottom / area of support looking back to the big green candle there in April ) for the fall to stop – USD to move back to the upside.

Expecting Double Bottom in USD/CAD

Expecting Double Bottom in USD/CAD

Some time ago, Deutsche Bank’s chief international economist, Torsten Slok, presented several charts which showed that “Canada is in serious trouble” mostly as a result of its over reliance on its frothy, bubbly housing sector, but also due to the fact that unlike the US, the average household had failed to reduce its debt load in time. Read more below….and take it for what it is. Canada “reality check” most certainly on the horizon.

http://www.zerohedge.com/news/2017-07-12/canada-serious-trouble-again-and-time-its-real

Trading Patience – Summer Doldrums Almost Over

Anyone who hasn’t already learned their lesson “this summer” can simply file it away for next year. You’ve learned something right? You’ve learned that you just can’t “make” markets move…no matter how badly you are scratching to hit those buttons! Markets suck during the summer, and I don’t care what anyone else has to say about. I know. I continue to survive – picking my shots when most likely to see reward….staying out of trouble when volume is low.

Summer is no time for big moves / big trades or big expectations. Take it. Learn from it…and consider yourself a better trader.Done deal.

Looking ahead….as much as it pains me to admit it…..this thing continues to pull in retailers at an incredible clip, and has every likelihood of blowing expectations “TO THE UPSIDE”.

All the pieces are in place really….as I receive more and more inquiries from old friends across the planet asking me for investment assistance “scared shitless” that they’re gonna miss out – as their broker just called with another hot deal.

All the makings of one incredible “blow off top / blast for the stars rip” as the last of the retail gang get’s off the couch with their 2k nest eggs. Sad in a sense as……these poor folk are very often buying the top and unable to act quickly enough to book profits before the fall. Seeing it s many times in the past…..it’s a cycle and it ALWAYS repeats.

I got bumped ( obviously ) on the last lil trade with The U.S Dollar ‘s continued fall. Certainly didn’t expect another daily cycle down, but that should be the last before both USD and U.S Stocks pop to the upside.

Charts? I got nothin……short of wishing I could chart my continued boredom / lack of participation vs some idiot out there pushing buttons all summer. Profits dick-head? I think not.

I will plow you in the face – the next dumb ass giving me a hard time in the comments section believe me. I’ve gotten on planes to “make things right” for a lot less.

Cool your jets kiddies….I’m back, and will be lighting it up again here shortly.

Chill.