Robinhood posts record profit as post-election trading frenzy lifts volumes
Trading platform Robinhood HOOD reported a surge in fourth-quarter profit on Wednesday, fueled by frenetic activity in equity and crypto markets following Donald Trump’s presidential election victory.
Robinhood’s transaction-based revenue, or income generated from fees for facilitating trading in options, cryptocurrency and equities, in the quarter jumped 236% to $672 million from a year earlier.
Nearly half of those gains came from a 700% rise in revenue related to crypto trading as bitcoin continued its rapid march towards the $100,000 mark during the quarter on hopes of favorable policies under the new Trump administration.
Even the blind chicken would see that BTC has found a support above 95.000 and now only question that remains is if/when it is going to start rallying again.
Next 48h it should happen if nothing unexpected happens ( like someone talks in his sleep, someone else wants a world peace suddenly and so on – however it is not the news, but how the market will digest it…)
GME: GameStop Stock Pops 10% as Traders Jump to Conclusions Again—This Time It’s Bitcoin
Retail traders rushed to GME shares after CEO Ryan Cohen posted a picture of him and the world’s biggest Bitcoin maxi Michael Saylor.
🚀 GME Shares Pump 10%
·        GameStop stock GME rallied 10% Monday as retail traders scooped up the shares after speculations that the video game retailer might be venturing into Bitcoin. The reason? GameStop chief executive Ryan Cohen posted a picture with the co-founder of Strategy (former MicroStrategy) Michael Saylor.
·        And there you have it — GameStop’s market value soared more than a billion dollars on a photo posted on social media. It’s not unusual — the stock is highly sensitive to social-media posts, especially those from Keith Gill, a.k.a. Roaring Kitty.
XAUUSD: I checked out gold and the targets are wayyyy out… I don’t wanna post them and cause wild global panic… There may be some corrections along the way but the trend on gold is simply just too strong…
2025 is a geopolitical year. Hence all I can say for now is hang on to your gold… It’s pretty likely that we can range at this level, which is a good opportunity to keep adding like as in a SIP…
However on a global long term outlook the targets are way wayyyy out and higher than the markets can imagine… And I just won’t say it simply out of concern that it might cause markets to go cowabunga.
And believe me when I say BTC is a mouse when compared to Gold, as Gold will surpass the wildest Bitcoin prediction with lot more room left for it to soar…. wayyy out like I say…
In the PF in the early years I had a discussion with BC and my call on gold was 5000 (from those early days) when gold was at USD$200, before that I called 1000+,… now 20 years later gold is closer to USD$3000, and in those days I was told that I was talking my book… lol…