You clipped the most important part out: "Do you understand why it's a problem to have a Manhattan toilet be worth the entire economy of UK?"
I mean, hypothetically speaking, do you think that would be a problem? Or no problems with it under your economic model?
At any rate, I will sound like a broken record at this point, but you really, truly dont understand what I'm talking about.
You insist I'm for equality of outcome, even after I said I am not. I am not.
You think I'm approaching this from the perspective of individual. I am discussing everything at macro level.
You think I'm appealing to fairness. I am not. I am appealing to economic reality.
You think I believe it's unfair that people make money based on merit. I do not.
You think I want to destroy bitcoin. I do not.
You think I'm bringing up the island example to illustrate intrinsic value. I am not.
You think I'm bringing up the Manhattan toilet because I think it's equivalent to bitcoin. I am not. I am making a point in relation to what you said about intrinsic function giving bitcoin its value.
Without you understanding my stance at all, while insisting that you do, I find it difficult to have this conversation.
What do you guys think about investing in Rare Earth Metals ie ETFs. I just read something from the “Daily Upside”. Rare Earths are important to EVs, catalytic converters in vehicles, LCD screens, MRI scanners, fighter jets, and the Department of Defense for various reasons. U.S. is attempting to transfer supply chain here since major exporter China (since 1992) has tightened tariffs. It has been said: Middle East has oil; China has rare earths..
“”
When President Donald Trump and Chinese President Xi Jinping agreed late last month on a one-year trade truce, a vital component was Beijing reopening its near-monopoly on rare earth minerals to US markets that it had shut out for months.
Now, the US is moving rapidly to avert similar crises in the future. Officials want to turn Beijing’s rare earths ace card into a weakling deuce.
@Med.
I would have to look into it. I got a guy who invested in minerals and it's been experiencing a bit of a pullback., though he's still up from where he got it.
The US has been buying all their minerals from Canada since forever, but you see we have a jackass Liberal anti Maga government in power, so Trump wants to make a statement by cutting deals with China for minerals. But only for 1 year, as it's wiser to buy from Canada.
That could be a mistake, cause the second a Conservative comes into power, and trust me, a lot of Canadians want a Conservative Government plus Carney already put us in 1 Trillion dollars debt and Canadians are pissed. The second a conservative gomes into power, we'll start making use of our own minerals and the US might get stuck with China, while the US is in debt to China and Canada.
All of your cars and advanced technologies, military included is made from Canadian minerals.
I would have to do research if the cost is the same, including the more expensive shipping involved with transporting the materials.
A mineral stock would have liabilities like oil storage costs, plus transportation. During the pandemic oil crashed below 0, but it was still impossible to obtain it for free cause oil has storage fees.
Trump would want the mineral stocks to soar as it should. I'm looking at the max chart and this is something you'd want to sell in about 2 years. Been going up and down going sideways. Very volatile in long terms. The trend has changed so it'll probably start behaving differently.
Minerals Technologies Inc
NYSE: MTX $57.23 = At the time of this post.
Looking at a year to date chart. It hasn't performed well in 2025, but it's still close to it's bottom.
The last best buy was October 6 2025, at $35. Now it's $57.23 and that is on it's way down from... $81.40
It's in a buy zone and can be profitable. Will have to also read about it and find out if the fear and greed index is in the greed zone.
You're making me work here.
MTX gets it minerals from around the globe, including China.
That is a 1 day candle chart. ( I make mine white and yellow, Yellow represents up uo, and white represents down, hard to see I know -__- but this is my chart ! )
The red line represents support. In trading we wait for 3 retests of a support. in this case I would wait to see if the green line ( currently resistance ) becomes a support if it breaks above that line. The top purple line is a potential resistance .
Looking at the very top ( which I forgot to draw, you can see the 2 highest highs, are at the same level, so when you get a break to the upside, try to sell it at that price $90. Those 2 tops are also 4 years apart, ( crypto is faster, which is one attribute that makes it speculative. Speculative investments are either better or worse. A good cryptocurrency is better historically. )
If it breaks below the red line, it will retest the bottom purple line. So your 2 entry points is around $60 and $30 give or take.
This is only 1 Mineral stock. You have to do them all and also read the business news to see what the hell is going on in that world. Then you'll be able to smell money incoming, or not and make an educated play.
I did more.
Fibonacci retracement. ( When the golden mean gets real. Again. )
Bare in mind the retracement is in reverse since we're measuring a downtrend. from previous high to previous low.
The 0.618 you can see around March it bounced in between there before breaking to the downside.
The new red line with the Golden Pocket Resistance label is pointing out resistance,
The 1.618 ( The golden number ) is in reverse, so if you break below our bottom red line, the next entry will be 24-30 bucks.
For this reason I'd wait a few weeks before getting in on this. You will need to babysit your live chart daily, until it either breaks above the green which would signal a turn around, or wait till it hits the bottom red to determine.
But wait, there's more....
MACD indicator and RSI indicator at the bottom there.
MACD crossed lines at the bottom, while it's histogram is climbing red to green
RSI is low. past the bottom dotted line is oversold and it will bounce up. It was close to the dotted line last time, so it looks like it's going to retest the green resistance line soon.
If it doesn't break out it's coming back down. Plus it's not worth investing that much for a couple of of bucks. In this case a more certain play is worth it at a slightly higher price.
Gimmie some candy.
@Med.
Another thing. There are people anticipating a market crash. I never bothered to read past headlines cause I'm not interested in stocks. Though last time Bitcoin crashed so did the market.
The masses are broke these days. Inflation makes living expensive. Minerals are a long term hold. 2 year cycle between entry and exit points.
Strong hands can hold, weak hands, should sell on my signal. Better to wait to see how it plays out between the green and purple line.
A break above the green is a buy signal.
A break below the first purple would be a sell. So don't buy until it touches the fib line and very bottom purple that is the best buy zone.
If it crashes, that's actually better in the long run, You'll at least get a 2x for sure.
