Not only can Elon Musk wipe value from investors digital currency wallets with one of his tweets, but the FTC is reporting that impersonators of Elon Musk have skimmed $2M in crypto from retail victims since October.

Impersonators, often using the same avatar images as Musk’s own twitter account but slightly misspelling his username, pretend to be Musk and messages followers to send currency to a specific wallet address in exchange for receiving a larger payment in return.

The scams violate Twitter’s policy against deceptive accounts. However, moderators have struggled to rein in the activity, and it remains prevalent on the platform.

Above is the real Elon Musk.  Below are fake Elon Musks.

The same thing happens to my twitter account.  I got this heads up last year.   Instead of @gregmikeFX, the impersonators used @_gregmikeFX (with an underscore).  They will then  look to send a friend request, and then direct message with a deal the victims can’t refuse that involves sending money.

Don’t fall for it……

For medium term gold traders this is the key trend line.

If you believe that high inflation is coming there will be a drive for hard assets like gold and gold alongside gold mining stocks could be about to break out higher. For those who are hyper gold bulls then go with the break of this trend line and stay long as long as price closes above this trend line is the trade. The bearish question marks being asked about Bitcoin and its environmental impact will only help gold.

Any signs of bond tapering from the Fed. In 2013 when the Fed announced bond tapering Gold fell sharply by around 20%. See chart above.

As long as inflationary fears are high and the Fed is sticking to their bearish script then gold longs make sense and use this trend line to manage risk.

The TAIEX fell hard to start the week as concerns rise over increasing COVID-19 cases. In a light data week, risk tone will be important and these rising COVID-19 cases has soured the risk tone to start the week. Risk still in the balance now, but no major moves as yet.

The 1.50% -1.60% level is key in the US 10 year yields and has been significant for the last couple of weeks. Last week the strong US CPI data caused the US 10 year yields to break out of the 1.60% level.

This in turn sent the USD higher as investors speculated that the Fed would be forced into tapering bonds early. The Fed repeated, and have continued to repeat, that they will not be moved by one data point. This allowed the yields to drift back lower.

So now we have the basic battle. Inflation will spur concerns over an early bond taper. Weak US data will keep yields lower(and support gold higher).

PLEASE do your own diligence on this, posting it as information NOT as a recommendation or anything. Not even going to provide a link. But yeah, F***Elon coin is a thing.