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Forward with Bitcoin; Oil Settles and Gold Down

MicroStrategy plans to move forward and add more Bitcoin. Oil settles lower in volatile trade on worries about Delta variant. Gold down as investors gauge Fed’s next move.

P: 39, 258
A: 38262 -1138.9 -278

Currently holding 120m worth of BTC and planning to add more to their digital asset.

The company has always been there to pledge support for the cryptocurrency, and Saylor has no plans of stopping now. He believes in bitcoin, and he’s practically betting his whole company on it.

We continue to be pleased by the results of the implementation of our digital asset strategy. Going forward, we intend to continue to deploy additional capital into our digital asset strategy.

Oil settles lower in volatile trade on worries about Delta variant


WTI
P:72.13
A:70.43
BRENT
P:74.15
A:72.74


-Concerns over the spread of Delta variant in the United States and China, the top oil consumers
-Expectations of a return of Iranian crude to the markets also pressured prices.

GOLD DOWN, INVESTORS GAUGE FED’S NEXT MOVE AHEAD OF U.S. JOBS DATA


P: 1814.10 – 0.25
A: 1813.85 – 0.01%


Investors had been somewhat appeased by Fed Chairman Jerome Powell’s insistence that interest rate hikes were a “ways away”
Investors are waiting for the job report this coming Friday


Analysts foresaw that gold will go up until 3 weeks because the dollar still going down due to COVID 19 new variant. The economy is not back on track as of now


NFP forecast (August 6, 2021):
P: 850K
A: 880K

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