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Weekly Update Report #36

February 22, 2019

 

From The Fund Manager

 

Dear Investors

 

Big spikes in the major pairs started off this week off with a bang. The markets then found a space to make a range. Overall, there were lots of movement -- just what the doctor ordered! All that market movement has given us a high yield week and good mid quarter boost. We are excited to see what next week holds as the markets look to have a lot of movement in them still.

 

The new office is a hustle and bustle with tradespeople and labourers coming in and out. The electronics are almost fully set up by our partners at Wisper Connect and the carpets are being laid. It almost feels like it’s getting near ready but still probably a month or so to go.

 

We are starting to slowly bring in the structural changes to CHT to make it more governed and regulated. As part of these changes we have established an Accounts Team, it will be responsible for fiat investor wallet management, some bookkeeping and the processing of buybacks. We will have more information on this and other changes as time goes on and the changes are fully implemented.

 

Ripple (XRP/USD) tests are still looking positive with some interesting trades showing that there should be more trading opportunities once we have that pair up to full risk in the new quarter. Again, we will keep investors posted on any further developments and tests.

 

My apologies for the shorter than usual letter, lots of other work to get on top of!

 

Thank you for taking the time to peruse this week’s report. The Countinghouse team would like to wish you all a safe and happy weekend.

 

 

Tim Dawson

Fund Manager
Countinghouse Fund

 

 

 

Weekly Performance

 

 

Market Activity Summary

 

Market Data Source: Thanks to @BazzWatkins

 

Photo Credit: Sharon McCutcheon on Unsplash

 

 

 

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