BLS is going to release their CPI report on 13th of July (This may affect the markets)

Guys, the BLS (Bureau of labor statistics) of the United States is going to release their CPI (Consumer Price Index) report for the first half of the year on 13th of July (Monday) at 08:30 Eastern Time (one hour before the opening of the NY trading session).

The rumor is (source: dude trust me) the report will be terrible and this may affect the market hard.

If this is true the apes might react in one of these two ways:

1. Buy food and gas like maniacs while selling risk assets (including crypto, but maybe not BTC and Gold)

- Bearish for alts and stocks and probably neutral for Gold and BTC

2. Start buying houses, gold and BTC like maniacs in desperate attempt to save their money.

- Short term extremely bullish for Gold, BTC and housing markets, then extremely bearish few weeks later.

Anyway if anyone has a friend or relative who is working at the US BLS, please ask them "for a friend" if they know what % the CPI will be in the Monday report and tell us if you are kind enough

P.S. Take this info with a pinch of salt, because it's pretty underground and it may be not real and the BLS is going to fabricate a low CPI rate (as they always do), but the date and time of the release is pretty real, you can check it in their website.

This sounds like modern version of the movie Trading Places, where they are wanting early access to the Crop Reports.

Let's see what the outcome of this is though.

MisterF said:

This sounds like modern version of the movie Trading Places, where they are wanting early access to the Crop Reports.

Let's see what the outcome of this is though.

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If this shit is real we better be prepared to make some money from it instead of ending on the losing side tho

alus1onZ said:

The rumor is (source: dude trust me) the report will be terrible and this may affect the market hard.

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What if it's better than expected? That would suck for this plan

alurosu said:

What if it's better than expected? That would suck for this plan

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It will also lead to reaction in the markets, so no matter it's true or not, there will be a reaction and money can be made when volatility hits in

Guys, I can't edit the OP, but 13th is Tuesday, I repeat Tuesday . I've made a mistake in the OP.

alus1onZ said:

If this shit is real we better be prepared to make some money from it instead of ending on the losing side tho

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But how ?

achiever2011 said:

But how ?

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I literally gave you 2 case scenarios in the OP lol

alus1onZ said:

I literally gave you 2 case scenarios in the OP lol

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I read it again. But could not understand how to make profit ?

Well shit ... inflation was declared higher and crypto dropped. RIP

alurosu said:

Well shit ... inflation was declared higher and crypto dropped. RIP

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Did it? It seems like only the alts (yeah ETH is alt) took the bigger hit in the nuts .

It seems like the apes are going with scenario one from my OP for now while the smart money is accumulating Gold, BTC.

Don't get me wrong. BTC and Gold may go few more percent lower just to shake off some more people, but they won't crash as other assets will do in such market conditions.

When shit hits the fan, the apes are going to start panic buying Gold and BTC while they are rising. Apes who bought BTC and Gold will have some happy days after that and when they are most bullish than ever, the smart money will dump to reset and bring back some "juice" to fiat money while inducing the apes BTC and Gold are riskier assets than fiat while actually they share the same amount of risk. Rinse and repeat