Another dip to be bought as the weekend's pump'n'dump in Bitcoin has led to yet another new record high this morning at $11,850.
Bitcoin's market cap is now $200 billion...
This resurgence comes after a week of considerably more active propagandizing from the establishment.
The US trade balance surprisingly blew out in October, increasing from $44.9 billion to $48.7 billion, as unexpectedly exports decreased and imports increased despite the ongoing dollar weakness, missing estimates of $47.5 billion. October's number was tied for the widest deficit going back to early 2012...
... and marks a stark divergence with the recent dollar weakness which would suggest an improvement in US trade data.
Authored by Lance Roberts via RealInvestmentAdvice.com,
Since the election, markets have accelerated the pace of the advance as shown in the chart below.
The advance has had two main story lines to support the bullish narrative.
Bailins Coming In EU - 114 Italian Banks Have NP Loans Exceeding Tangible Assets
Special Counsel Robert Mueller has subpoenaed Deutsche Bank, demanding that it disclose details of transactions and documents on accounts help by President Trump and members of his family as the "Russian collusion" probe now turns its attention to Trump's bank accounts. According to Handelsblatt, which first reported the news, the bank received the subpoena several weeks ago.