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The judge does not revoke the preventive detention that weighs on Jacobo Bucaram Pulley, but due to a health problem he ordered his house arrest in Guayaquil
Judge dictates preventive detention against three of the 4 detainees in the Isspol case
Low in oil production in Ecuador makes it difficult to take advantage of the so-called ‘super cycle’ of crude prices
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‘Jorge Chérrez’s companies owe $ 20 million in interest to Isspol’
Ecuador entered the bid for vaccines against covid-19 since July 2020
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Ecuador, the first country in America that together with Europe will fight against the counterfeiting of medical products

Bitcoin undermines the gold ground

Posted On 17 Jul 2017

Ecuadornews:

 

 

The “yellow metal” exceeded the level of $ 1,300 per ounce in April and June. Its price has risen by about 5.5% so far this year, even though the Federal Reserve has persisted on the normalization of interest rates.
But bad times are yet to come. Renowned agency Citi says that gold must find resistance levels close to $ 1,121 until the end of the year.
Potentially, the limitation of the precious metal has been caused by the increase in cryptocurrencies, such as Bitcoin, according to a report from Plan A Consulting.
According to Tom Lee, Managing Partner and Head of Research at Fundstrat Global Advisors, Bitcoin and Ethereum are “cannibalizing the demand for gold.”
A cryptographic currency is a digital asset designed to function as an exchange medium using cryptography to secure transactions and control the creation of additional currency units. Cryptoconversions are a subset of alternative currencies or specifically digital currencies.
According to CitiFX Technicals, led by Tom Fitzpatrick, a gold fall is looming. Yesterday, August’s future deliveries of the metal in the United States gained 0.84 percent, reaching $ 1,227.50 per ounce. The rest of the year will give answers. (I)

 

Source: http://www.expreso.ec/economia/el-bitcoin-mina-el-terreno-donde-se-mueve-el-oro-XX1550909

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The judge does not revoke the preventive detention that weighs on Jacobo Bucaram Pulley, but due to a health problem he ordered his house arrest in Guayaquil

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