Josh Crumb 🆔++ @JoshCrumb Twitter profile

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Josh Crumb 🆔++

3 months

Abaxx Q2: 🔸Launched one of the first global commodity-futures clearinghouses in a decade+ 🔸Abaxx now part of markets history with the first print of a physical- #LNG price: Nov GOM FOB $9.09 mmbtu first close 🔸Growing Abaxx commercial & product team, working on 10+ new

Josh Crumb 🆔++

@JoshCrumb

6 months

Abaxx Q1: 🔸All major market opening milestones completed Q1 🔸Closed final placement of +$55mm total for Exchange & 🆔++ (Canoe, Cboe, Blackrock, Wellington, Tom Ward, R. Friedland, Traxys, K2, Rothschild +more) 🔸3 FCMs approved (now 5 incl. indirect) 🔸Board attestation for 🚀

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Josh Crumb 🆔++

@JoshCrumb

2 years

Heard something disconcerting this eve from a good source. Apparently G7 morality police about to rein the propaganda down hard on #gold — owning gold and gold mining companies in name of ESG & energy use. Apparently the message from on high already working into Blackrock et al

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Josh Crumb 🆔++

@JoshCrumb

4 years

I have a joke about #gold outperforming government bonds, but there’s no interest

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Josh Crumb 🆔++

@JoshCrumb

5 years

This has to be one of the greatest cons in all of history. Tens of thousands of economists & pundits tell the world w/straight face that prices aren’t going up, while pumping financial “everything bubbles” & trashing society w/farcical paper-wealth inequality & crony financialism

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Josh Crumb 🆔++

@JoshCrumb

4 years

We’ve now passed 100 barrels of #oil per ounce of #gold . Typically this tops out at ~30, in a long term range of ~10 to 20, 30 @ extremes. Even in 1930s we topped out in 30 range. As seen in the real time labour market stats & others, we’ve never seen economic damage like this.

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Josh Crumb 🆔++

@JoshCrumb

2 years

Nearly 6 months into epic energy crisis & these lunatics still calling LNG “stranded assets”, talking about a world without fossils fuels. A world without German industry is the real situation now on the table. 🇨🇦 & 🇩🇪 still leading the G7 SuicideSquad

Canada says hydrogen better than LNG for German needs

Providing clean hydrogen to Germany and the rest of Europe is a better opportunity for Canada than trying to build liquefied natural gas (LNG) terminals as the world moves away from fossil fuels,...

www.reuters.com

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Josh Crumb 🆔++

@JoshCrumb

4 years

Remember when suspending gold window was temporary, then the fiat-dollar infected whole world’s wage & capital systems? Remember when QE was temporary, then moral hazard & wealth inequality infected whole world’s political systems? What’s the next “temporary” lie we’ll be told?

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Josh Crumb 🆔++

@JoshCrumb

4 years

#Oil : all time epic collapse. #Stocks : flat year over year. Difference? Can’t print more storage capacity &working capital in real economy. #Gold is the hedge against this forward looking debasement, oil will soon be best hedge against #inflation Dow/gold & oil/gold best signals

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Josh Crumb 🆔++

@JoshCrumb

2 years

To these IYIs: there’s not another product on earth with the recycle rate & reusability of gold. Not a single one. It’s circular economy literally defined the technology of money and economic/industrial efficiency

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Josh Crumb 🆔++

@JoshCrumb

4 years

Lots of people asking me about #Silver today There will be lots of misinformation & coin dealers pumping their inventory & spreads this week The only signals that matters IMHO, to see if theres real market disruption, is the EFP market & Spot-COMEX spreads. I’ll report tomorrow

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Josh Crumb 🆔++

@JoshCrumb

3 years

I have a friend that just texted me that she’s finally selling her Doge ahead of SNL tomorrow. ...she’s selling it to pay off her mortgage, her entire mortgage. She’s a beautiful free spirited artist, it wasn’t about finance or trading. The scale of this all is simply incredible

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Josh Crumb 🆔++

@JoshCrumb

1 year

ABS recently told my friend that Xi asked him/the KSA to consider pricing oil in a Digital Yaun backed by gold “and other metals”. IMO China’s supply chain grip over industrial metals was always going to be their lever for de-dollarization #BrettonWoodsIII

What Are Gallium and Germanium? Niche Metals Hit by China Curbs

China is clamping down on exports of two obscure yet crucial metals in an escalation of the trade war on technology with the US and Europe.

www.bloomberg.com

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Josh Crumb 🆔++

@JoshCrumb

4 years

“It’s..TOTALLY..BROKEN”. Last 30 seconds of the clip are a 🎤 drop. Well done. #Financialism

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Josh Crumb 🆔++

@JoshCrumb

1 year

Helped Jeff Currie celebrate the retirement news with friends in London. Great long conversation on LNG, copper, oil, Chinese demand, alternative to LME, the future of commodity trading (on whose balance sheet?), cowboy boots in Mayfair… …getting Jeff on Twitter (soon)! #OOTT

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Josh Crumb 🆔++

@JoshCrumb

5 years

This might be the most spot on, not blinded-by-narrative article that I’ve read in a long time. I agree with nearly every point. Great work Vice (&Finland)! QE, Energy, debt, has it all right Gov Agency Warns Global Oil Industry on the Brink of Meltdown

Government Agency Warns Global Oil Industry Is on the Brink of a Meltdown

We are not running out of oil, but it's becoming uneconomical to exploit it—another reason we need to move to renewables as quickly as possible.

www.vice.com

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Josh Crumb 🆔++

@JoshCrumb

3 months

The Abaxx Commodity Futures Exchange & Clearinghouse is now open. #LNG #GlobalUnifiedGasMarket #BatteryMetals #VCM #SmartCommodities #FDT #BuyerAndSellerofLastResort #SmarterMarkets #29ers

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Josh Crumb 🆔++

@JoshCrumb

3 years

Can anyone make a serious argument why #gold won’t be building a new floor above $2,000 over coming months? Who in the world is selling? [spare me any religious takes from idiots that never tried to understand it] The Dec/Jan bank reports,“gold to 1500 post hikes” were terrible

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Josh Crumb 🆔++

@JoshCrumb

2 years

Oh, and I can tell you that having physical kilo bars in Sing, working orders with physical trading desk, China is buying gold hand over fist. Everything being bought up right now is headed to China (even more in March than in Dec/Jan) ~hearing 3 tonnes per day in March so far

Josh Crumb 🆔++

@JoshCrumb

2 years

A few shareholders asked me over past year why we “speculated on #gold ”. My answer was that we were lowering counterparty risk. We owned gold in a Singapore vault. I saw risks in the banks & clearing system (most still don’t know about). Didn’t want to lose our startup capital

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Josh Crumb 🆔++

@JoshCrumb

3 months

That’s a wrap on the first ever trading day of Abaxx Futures. Important front month price: Gulf of Mexico Oct24 #LNG settled at $9.09/mmbtu

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Josh Crumb 🆔++

@JoshCrumb

2 years

$28 trillion -> global #QE since ‘08 (still growing) Basically 0 net-new sovereign debt sold to public (or priced by supply/demand) since “debt crisis”. 👌 Soon public will demand real liabilities from Governments. Everything will change #BrettonWoodsIII #MMT #AccountabilityMyth

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Josh Crumb 🆔++

@JoshCrumb

5 years

Why do I get the feeling in the next few days, week perhaps, we’re going to learn something new that really changes everything? ..perhaps another angle on the virus origin, or some new Orwellian response plan..both..IDK. Time to rest, but I think we have another big week ahead

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Josh Crumb 🆔++

@JoshCrumb

7 years

@pdacosta @RudyHavenstein @Sebastopol94 Wrote this to my former Goldman econ chief in '13, 3yrs before Brexit,Trump,etc..Its why I got off my ass to help people off ths train wreck

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Josh Crumb 🆔++

@JoshCrumb

7 years

Amazing, every asset goes up year after year! ..or maybe the ruler we measure by ($USD) is increasingly total garbage. Which isn’t bad if you’re in levered finance.. ..but kinda sucks for majority of population using faulty ruler in wage contract & (negative real) bank savings

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Josh Crumb 🆔++

@JoshCrumb

1 year

I’ve had some interesting conversations in Singapore this week. This MAS news is consistent. #gold

Krishan Gopaul

@KrishanGopaul

1 year

Latest data from the Monetary Authority of Singapore shows their #gold reserves increased by 17.3 tonnes in March. This means they have bought 68.7 tonnes of gold in Q1'23, lifting gold reserves to 222.4 tonnes (45% higher than at the end of December).

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Josh Crumb 🆔++

@JoshCrumb

2 years

Yesterday the world lost one of the great mineral explorers & developers, Lukas Lundin. His family shared the news today. I’m forever grateful — at 26 Lukas gave me the opportunity of a lifetime, to share an office right next to him…and an inside glimpse of how the world works.

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Josh Crumb 🆔++

@JoshCrumb

2 years

@DoombergT Had dinner with D. Yergin in DC during Biden first 100 days. Everyone shocked, wasn’t a single person with traditional energy experience near the administration. Kerry had given them all the Heisman stiff arm & wasn’t expected to last. Before ‘21 crisis & ‘22 disaster. Insanity

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Josh Crumb 🆔++

@JoshCrumb

4 months

‘Singapore is set to lead the gold market as ‘center of gravity’ shifts east, World Gold Council says’ …what’s not said, Singapore is also tracking to have the most advanced spot #gold & futures clearing before the end of the year with @abaxx_exchange

Singapore is set to lead the gold market as 'center of gravity' shifts east, World Gold Council says

Singapore is set to become a leading gold hub as trading shifts east, said the World Gold Council.

www.cnbc.com

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Josh Crumb 🆔++

@JoshCrumb

3 years

#Gold = noble metal element basically immune to entropy in natural atmospheric conditions (ie immortal) Remind me which part of #Bitcoin is “immortal”; “moving at speed of light”; SHA-256? secp256k1 elliptic curve? I like the protocol, but chill on the rhetoric! @DanielaCambone

Michael Saylor⚡️

@saylor

3 years

The #Bitcoin Dragon has risen to challenge the Knight of #Gold . How do you defeat a creature that is immortal, indestructible, incorruptible, & indomitable? See the debate:

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Josh Crumb 🆔++

@JoshCrumb

4 years

I spoke too soon. #Silver EFP markets may be reacting to $SLV buying. I was sceptical it would effect the potential spot - futures spreads, but here we are... @GoldTelegraph_

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Josh Crumb 🆔++

@JoshCrumb

6 months

J.Currie & I arrived at the conclusion independently, didn’t coordinate our commodity views before @Hedgeye call #Gold is +$250 above where our rate of change model would have predicted based on factors like energy & real rates A large buyer is avoiding London, likely via Dubai

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@PKThomahawk

6 months

@Hedgeye @JoshCrumb @KeithMcCullough "A very large mysterious buyer operating through the OTC market who is price insensitive." $GOLD

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Josh Crumb 🆔++

@JoshCrumb

4 years

Education is not the primary business of a university, their primary business is social credentialing.

Anthony Pompliano 🌪

@APompliano

4 years

The virus revealed the fact that people can get a better education from YouTube than most colleges.

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Josh Crumb 🆔++

@JoshCrumb

8 months

Abaxx Q4/Q1: 🔸 First new commodity clearinghouse licence in decade+ 🔸 Closed +$30mm from Canoe, Blackrock, Wellington & K2 funds 🔸 Closed strategic investors Cboe global exchange group, battery metal trading leader Traxys, NatGas titan T.L.W. 🔸 🚀 ready 🔸 GenAI + 🆔++ = ?

Josh Crumb 🆔++

@JoshCrumb

1 year

Abaxx Q3: 🔸 Filed Nickel Sulfate futures — our first battery metal contract 🔸 BHP discloses work with Abaxx 🔸 Jeff Currie joins board 🔸 Add’l R.Friedland backing 🔸 Signed global exchange as strategic investor Near term roadmap: Close strategics. RMO Licence. Plan launch

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Josh Crumb 🆔++

@JoshCrumb

8 years

Clarity for those still confused about history: Gold never stopped being money; Money stopped being #GOLD #Goldmoney #SavingsTech #Fintech

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Josh Crumb 🆔++

@JoshCrumb

7 months

Long road to the starting line as we built the first new commodity futures clearinghouse in a major financial center in over a decade, but our timing couldn’t be better. Best commodity exchange team on the 🌍, ready to rock ‘n roll.

Abaxx Technologies Inc.

@abaxx_tech

7 months

#NEWS Abaxx Prepares Exchange Opening Sequence and Final Notices Today Abaxx announces initiation of final exchange trading launch sequence for @Abaxx_Exchange to open the market in each of its commodity futures contracts including #LNG #Carbon & #Nickel

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Josh Crumb 🆔++

@JoshCrumb

7 months

Smarter Markets. “Coming soon to a theatre near you.” - @robert_ivanhoe #BMOMetals #29ers

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Josh Crumb 🆔++

@JoshCrumb

4 years

As we reflect on labour day & the 99% who trade their precious, irreversible time for a wage.. ..remember that others conjure 10 BILLION HOURS of minimum wage out of thin air to bail out hedge fund trades..then belittle us on #Bloomberg for calling it #inequality @RudyHavenstein

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Josh Crumb 🆔++

@JoshCrumb

3 years

#Inflation you say, Cooper?

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Josh Crumb 🆔++

@JoshCrumb

3 years

Clearly a lot of nervousness in Abaxx stock right now. Lots of questions around exchange launch timing updates, & questions about valuation etc. First & foremost, I’d state that swings in small-cap illiquid stock price doesn’t drive business, doesn’t always reflect business 🧵👇

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Josh Crumb 🆔++

@JoshCrumb

2 years

It’s not Silicon Valley v Wall Street It’s not Red v Blue It’s financial industrial complex vs the real wage Every bailout is another subsidy from someone earning a wage, to someone protecting funding for their finance schemes with negative real deposit costs. End #MoralHazard

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Josh Crumb 🆔++

@JoshCrumb

4 years

Having lived in early post-soviet Russia,I’ve been thinking a lot about conditions for societal #collapse . Pondering the extreme here, but worried a collapse of our Dutch Disease (USD-debt export) could be as devastating as commodity price collapse was for USSR Where am I wrong?

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Josh Crumb 🆔++

@JoshCrumb

5 years

Gold in ‘73 ~$110 22/1.6 * 110 = 1,513 Gold & tuition moving the same more or less (as do most things w/scarcity value through cycles) When we killed real value of dollar & wage contract we killed democratic distribution of economy. Replaced it w/debt slavery & games of access

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Josh Crumb 🆔++

@JoshCrumb

2 years

Many years in the making, we’ve finalized our #LNG benchmark futures contracts & submitted to the Monetary Authority of Singapore. The result of engaging nearly every firm active in physical LNG trade,100+ market participants ⁦ @abaxx_exchange ⁩ $ABXX

Abaxx submits LNG futures contracts specifications and publishes whitepaper on physical commodities...

TORONTO, Jan. 23, 2023 (GLOBE NEWSWIRE) -- Abaxx Technologies Inc. (NEO:ABXX)(OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial software company,...

www.globenewswire.com

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Josh Crumb 🆔++

@JoshCrumb

3 years

Yes, proud to announce that after years of hard work and many (stressful) incremental milestone-financings (we refused to ever take too large a dilution just to “sleep easy” for 18 months), I can finally tweet that @abaxx_tech has: #FundingSecured 😉

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Josh Crumb 🆔++

@JoshCrumb

3 years

@chigrl The fact that $FB won’t drop 20% on Monday because of this news means that we’re doing this wrong. That they have no real consequences for this negligence is a failure of both policy & capital market allocation IMHO. ...good news is, in the long run this business model is dead

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Josh Crumb 🆔++

@JoshCrumb

2 years

2000: Dow — 10,800 US Debt — $5.5T 2022: Dow — 33,300 (3x) US Debt — $31T (6x) In current financial system, core collateral (US treasuries) for capital leverage grows faster than labour or production in real economy; less & less efficiency, more & more inequality #financialism

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Josh Crumb 🆔++

@JoshCrumb

4 years

“Why is the price of meat in stores rising while the price of livestock is plummeting?” It’s the volatility in the supply chain, and we’re just getting started. #inflation in things you need to buy, #deflation in things you want to sell. @CoveringDelta

GOP Rep. Massie Warns US is 'Weeks Away, Not Months,' From Food Shortages | The Gateway Pundit | by...

Kentucky Rep.

www.thegatewaypundit.com

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Josh Crumb 🆔++

@JoshCrumb

4 years

A third & final act from cocktail napkin to pubco list’s tomorrow 🇨🇦 $ABXX.CN ⁦ @abaxx_tech ⁩ An audacious full-stack challenger to the way we discover, price & trade commodities. We ready to price externalities? #EnergyTransition #PreRev #HighRisk

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Josh Crumb 🆔++

@JoshCrumb

4 years

Goldman Sachs on negative yielding bonds “...a security whose appreciation is primarily dependent on whether someone else is willing to [print and monetize currency and] pay a higher price for it is not a suitable investment for our clients." ..oh wait, that was about #bitcoin

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Josh Crumb 🆔++

@JoshCrumb

8 months

This is a big one. KGI is one of the largest futures brokering and clearing firms in Asia. Great work Joe, Nancy and the whole Abaxx Singapore team.

Abaxx Exchange

@abaxx_exchange

8 months

KGI Securities Receives Membership Approval, Joins Abaxx Exchange as Clearing & Trading Member KGI’s clients to be among the first to access Abaxx’s first-of-their-kind futures contracts, including #LNG , #nickel & #carbon , on track to begin trading in Q1

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Josh Crumb 🆔++

@JoshCrumb

1 year

Met with Jeff Currie & Robert Friedland today. China 🇨🇳 on the mind. But US 🇺🇸 gov ramping up awareness/priority on global mineral infrastructure is a first in our careers (it’s been many decades). Investment cycle only just begun Check @Smarter_Markets tomorrow #OOTT #Cu #Fe

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Josh Crumb 🆔++

@JoshCrumb

4 years

This spread (&monthly roll as %), western Canadian select going negative, the true beginning of the beginning of unconscionable economic damage. We never would have ended up here if not for the decade+ long separation from reality managed by central banks #unintendedconsequences

Stefan Wieler

@stefan_wieler

4 years

The expiry of the WTI may-june 20 spread is something we will tell generations of future oil traders about. Unless, june-july will be worse. Chances are good.

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Josh Crumb 🆔++

@JoshCrumb

5 years

..just like that, #Comex premium for April #Gold delivery (April-June) crushed. Can’t find a bar in North America, now pay premium to take it away ..the market equivalent of store paying you to take empty racks of toilet paper away @roysebag #financialism breaks real business

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Josh Crumb 🆔++

@JoshCrumb

9 months

Takes a [global] village🙏 Angels: K.Bass, Lundins, N.Holmes, Fulford grp, Beals, Herson grp, Burbank/Passport, Adrian/K2, Friedland,Towndsand, Neil/I3, Wilson grp, Grit, Duade,29ers, AnilG Institutions: Canoe, Blackrock, Wellington, K2, Rothschild Strategic: Cboe, TLW, Traxys..

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Josh Crumb 🆔++

@JoshCrumb

4 years

Remember back in ‘08-‘12 when we had this candidate that didn’t “talk presidential” named @RonPaul that was anti-war, anti-bailout, with radical ideas like limiting the power of big corporations& money printers, & following the constitution? ..boy we dodged a bullet on that one!

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Josh Crumb 🆔++

@JoshCrumb

4 years

I had to unfollow @APompliano & 6 others. Imagine hero worshiping such fools at this stage of an everything bubble. ...no, I’m not worried in the least that “this time is different”, it never is. There is 👌chance #Bitcoin changes #gold ’s long term role in markets. Zero

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Josh Crumb 🆔++

@JoshCrumb

6 months

Enjoying a beautiful Friday afternoon in Colorado, a favourite time of the year here in the homeland. The final “build-stage” weekend toward opening a market we’ve been building for +half a decade (stage 1). As of Monday AM, will be fully mentally engaged on next build stage #FDT

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Josh Crumb 🆔++

@JoshCrumb

5 years

There’s another way to translate Neel: “your wage, your time is meaningless” Instead of paying more for your savings, your wage, your stored time,they get to conjure infinite time & energy tokens out of thin air, more control of the means of protection #financialism #MoralHazard

Marty Bent

@MartyBent

5 years

Our money is officially broken. This is pure insanity.

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Josh Crumb 🆔++

@JoshCrumb

1 year

Abaxx Q3: 🔸 Filed Nickel Sulfate futures — our first battery metal contract 🔸 BHP discloses work with Abaxx 🔸 Jeff Currie joins board 🔸 Add’l R.Friedland backing 🔸 Signed global exchange as strategic investor Near term roadmap: Close strategics. RMO Licence. Plan launch

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Josh Crumb 🆔++

@JoshCrumb

5 years

This is still the BEGINNING of this stage in the cycle, yet #Gold already made all time highs today in: GBP 🇬🇧 JPY 🇯🇵 INR 🇮🇳 CAD 🇨🇦 AUD 🇦🇺 ZAR 🇿🇦 BRL 🇧🇷 SEK 🇸🇪 MXN 🇲🇽 ..and that’s just the major currencies.. #GoldAlwaysWins

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Josh Crumb 🆔++

@JoshCrumb

3 years

After one year of all out sprint from an amazing team, I couldn't be more excited to announce the spinout & initial public listing of #BaseCarbon Abaxx shareholders as of March 1st will receive shares (with improved ratio!) for a March listing debut $ABXX

Abaxx announces Special Distribution and Record Date of Base Carbon share spin out

financialpost.com

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Josh Crumb 🆔++

@JoshCrumb

4 years

Perhaps they lent it to HSBC, who forward sold it on COMEX to collect a few pennies, and then they lent it to someone else...oops

Willem Middelkoop

@wmiddelkoop

4 years

Never Trust The Bank of England

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@JoshCrumb

10 months

We’ve been building for this day for a long time. Nice quote & congratulations from a former Chief Regulatory Officer of the CME Group. Nice to be welcomed into such an esteemed circle of market builders & operators. @abaxx_exchange #SmarterMarkets #29ers #LNG #BatteryMetals

Abaxx Technologies Inc.

@abaxx_tech

10 months

#NEWS : Abaxx Granted Approved Clearinghouse and Recognised Market Operator Licenses from Monetary Authority of Singapore Read Full Release 🔗⬇️

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@JoshCrumb

1 year

An investor sent me the print version in Canada 🇨🇦 yesterday. Good spread. @the_Jeff_Jones did a great job describing Abaxx as well. Jeff C. also received good feedback — but not that many heard it yet

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Josh Crumb 🆔++

@JoshCrumb

4 years

Remember when we all used **** and now we don’t? Let’s do that with Whats @pp . Soon. *BBM *MSN Messenger *Yahoo! Chat *AIM *ICQ ..then let’s get P2P encrypted messaging into a secure open protocol, freed from application lock & identity fashion cycles 🆔++

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@JoshCrumb

8 months

Nice to be back in Qatar 🇶🇦 ahead of the launch of @abaxx_exchange #LNG #SmarterMarkets #29ers

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Josh Crumb 🆔++

@JoshCrumb

4 years

Epic! ...warning, this video produces level 10 danger of getting stoked.

Ian Miles Cheong

@stillgray

4 years

When you defeat the final boss of Karens.

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@JoshCrumb

8 months

Go ‘niners… ... #29ers @abaxx_exchange Smarter Physical Benchmarks Smarter Technology Smarter Collateral Smarter Risk Management #SmarterMarkets #LNG #BatteryMetals #Nickel #Carbon #Gold #SmartGoldPool #SmartCommodities #SmartEnviro #OOTT #Commodities $ABXX #SuperBowlAds

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Josh Crumb 🆔++

@JoshCrumb

9 months

Strategic investors Cboe, Traxys & TLW (Tom Ward) closed $27mm in @abaxx_exchange (with Canoe, Blackrock, Wellington & K2 from the institutional round closing). Proud to have a top global exchange group, top battery metal trader & a titan of US natgas backing our upcoming launch

Abaxx Technologies Inc.

@abaxx_tech

9 months

#NEWS : Abaxx Announces Closing of Strategic Financing in Abaxx Singapore Partners include Abaxx’s first group of globally recognized strategic participants in the market infrastructure and #commodity ecosystems and include @CBOE , TLW and Traxys. 🔗

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Josh Crumb 🆔++

@JoshCrumb

3 years

Maybe biggest call not priced in market: Nearly every material good in economy will dramatically rise in price over next 8yrs with CO2/GHG abatement cost I’m talking min10x nominal price increase baked into forward real rate expectation Which CPI basket deflations offset this?

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Josh Crumb 🆔++

@JoshCrumb

3 years

BTC having a Michael Lewis “has everyone gone financially insane” moment IMO. Promoters of “sound money” bash gold, put despots & degenerates on pedestal, cry that a trolling promoter liquidated aspiring “savers” (buying on Saylor-margin w/highest centralization risk in market)😂

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Josh Crumb 🆔++

@JoshCrumb

2 years

You realize we can incentivize democratic, free markets to move the world in the right direction without suicidal top down policy activism? Right?

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@JoshCrumb

6 months

BlackRock-Backed Commodities Exchange Startup Abaxx Raises Cash • Canadian firm is led by former Goldman strategist Josh Crumb • It’s planning to launch contracts for LNG, battery metals

BlackRock-Backed Commodities Exchange Startup Abaxx Raises Cash

Abaxx Technologies Inc., a financial technology startup founded by a former Goldman Sachs Group Inc. commodity strategist, is raising fresh equity as it prepares to launch trading in commodities...

www.bloomberg.com

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Josh Crumb 🆔++

@JoshCrumb

4 years

Unpopular take: I don’t really enjoy/care about #gold price ATH, don’t even own much relatively. Interestingly, the move (that I’ve analyzed as inevitable since ‘15) stirs neither fomo or satisfaction I care about how we fix increasingly corrupt #financialism political economy

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Josh Crumb 🆔++

@JoshCrumb

1 year

The Goldman partner exodus is a canary in the coal mine of #financialism IMO A top dog weakening, not against any particular competition,but against it’s own business models/outlook. The phase shift to inflation, incremental #dedollarization & real assets is generational change

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Josh Crumb 🆔++

@JoshCrumb

7 years

Incredible to watch #Fed governors jumping ship before hard part of the storm(they sailed us into). History will not be kind to these people

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@JoshCrumb

10 months

Good write up. We didn’t actually give these backers names in the PR, so quite the headline surprise. But big shout out to the Canadian 🇨🇦 fund managers at Canoe & K2 that made it all happen while we’ve also been working with corporate strategics investors on the Singapore side

The Globe and Mail

@globeandmail

10 months

Abaxx raises $30.7-million from BlackRock, Wellington to advance its futures market

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Josh Crumb 🆔++

@JoshCrumb

5 years

With crazy moves in #gold past month, reposting “fundamentals risk rage” last summer (when gold ~1300) What changed? A) Range window moves down 1 row, right 1 row (ie today’s price still dead center) B) fundamental window uncertainty expands to 4x4 (1200-2100!) What’s next?...

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Josh Crumb 🆔++

@JoshCrumb

3 years

We’re approaching 4yrs since founding @abaxx_tech , words don’t describe how exiting the past month has been as so many long term pieces come together. Guiding a super complex project to convergence on a micro scale, with macro-thesis wind in the sails is why we #entrepreneur !

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Josh Crumb 🆔++

@JoshCrumb

1 year

The new 60/40 portfolio diversification for this phase in the long cycles: 60% Energy, copper, gold and real things 40% other financial assets

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Josh Crumb 🆔++

@JoshCrumb

6 years

Tell me again why we trade & contract our time, immutable & irreversible, for a #wage thats arbitrarily manipulated & inflated post performance, encumbered/restricted in use, monitored for revocation? (Time=money; but fiat is not immutable & irreversible) Bad contract! $BTC #GOLD

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@JoshCrumb

3 years

Had another interesting conversation with Jeff Currie. He’s in the same camp as me, street seems unprepared & under positioned for next #gold run. Maybe even the face melting type moves lie ahead (Q2?) Good year to prioritize our Abaxx gold market structure initiatives as well

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@JoshCrumb

3 years

Imo #gold (the immortal metal asset, not Olympic token) could have unassuming break out while markets are half asleep in August, move back towards all time highs later this year, and perhaps a new paradigm altogether in ‘22 (even with USD/Fed ceteris paribus; all about energy)

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@JoshCrumb

3 years

The time to own gold is during negative economic phase transitions, particularly where low energy spare capacity & high energy price volatility are key factors dragging the system. #Gold is your low entropy streamline. Cc @Hedgeye @KeithMcCullough

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@JoshCrumb

4 years

He’s either completely out of touch with the market and how “wealth effects” work in monetary policy, or its a flat out lie to deflect blame to other political/social institutions. There is no middle ground when saying something so absurdly untrue in that position of power.

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@JoshCrumb

3 years

Very cool to see #GoldmanSachs publish my #Bitcoin & #Gold entropy-resistance-store-of-value framework in their Top Of Mind Crypto primer. CC @Frank_Giustra @DanielaCambone @GoldTelegraph_

Josh Crumb 🆔++

@JoshCrumb

3 years

Just had really cool conversation. Summary: even though crypto has commodity-like unit properties, their entropy-risk is at network level, not unit level #Gold is fully entropy resistant at unit level; #Bitcoin must be fully entropy resistant at network level to be digital gold

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@JoshCrumb

5 years

My 2010s •started @ Goldman in jeans & beard •called big commodity run, sold top •started 1st company (boom&bust) •started 2nd company (slow grind) •started 3rd company, IPO •started 4th company, IPO •started 5th..& final 🤘 •working on a new economic theory of everything

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@JoshCrumb

4 years

Anyone else think we should enact even basic revolving door laws while policy printing is “temporarily” our entire market economy? How’s it fathomable we allow ex-money printers to lead fiscal policy & ex-regulators in asset managment firms while government is lead bid in market?

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@JoshCrumb

4 years

The market is a long term weighing machine, just check the scales against #gold . The Fed is just stuffing endless paper in the ballot box of the short term voting machine, nothing more.

Ed van der Walt

@EdVanDerWalt

4 years

Fundamentals are dead.

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@JoshCrumb

10 months

Yes, we’ve been spending time with Evy & Blackrock, @robert_ivanhoe & Jeff Currie on green premiums. This will be our core theme in ‘24. Our roadmap, our technology to execute this differentiates us from any other exchange & clearinghouse (CME, ICE, LME, SGX etc) #29ers $ABXX

Green Investing

@grn_investing

10 months

"BlackRock says green premium is coming in mining" Evy Hambro, Global Head and team leader of natural resources for BlackRock, validates the exact thesis $ABXX has in commodities Commodities will receive a "green premium" based on how they were produced

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@JoshCrumb

4 years

Update: bullion banks are back to calling retail/wholesale dealers & bidding up #silver large-bar inventories at crazy premium for eligible metal. I’m sure the ‘20 EFP pain still fresh & preparing for anything this week. Heard one bank (Sunday!) offering spot +50c @GoldTelegraph_

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@JoshCrumb

3 years

We welcomed a special new tech-team member at Abaxx today, a talented Ukrainian software designer from Kiev who had to leave her homeland just as we were onboarding her. Thanks to the magic of modern workflow, she’s now logged on via @Zoom today from Poland as a wartime refugee

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@JoshCrumb

2 months

Fun hanging with Robert Friedland in London yesterday. Always inspired by the child-like wonder in his passion for innovation & discovery. Abaxx might still be priced & traded like a Canadian sh*tco, “your piss ant little company that people aren’t [smart] enough to understand

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@JoshCrumb

9 months

Merry Christmas #29ers ! 🎄 ..it’s been a busy Q4 run (and still sprinting with more before YE), but didn’t get this post this before. Was great to meet @CarbonLedgerCap , knock back a few [not]BLs, cruise in the [not a Lucid]electric car. One of my fav days in this fall sprint!

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@JoshCrumb

2 months

With the aggressive short 🩳 selling that’s been happening in $ABXX stock, and today’s announcement of institutional IR events, I just wanted to confirm that these are all exchange launch-related IR updates & non-deal road show events. I repeat: we are NOT planning to raise

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@JoshCrumb

2 years

A few shareholders asked me over past year why we “speculated on #gold ”. My answer was that we were lowering counterparty risk. We owned gold in a Singapore vault. I saw risks in the banks & clearing system (most still don’t know about). Didn’t want to lose our startup capital

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Josh Crumb 🆔++

@JoshCrumb

10 months

World’s best individual, strategic, and institutional shareholders. I’ve been a part of a number of unique companies, legendary groups and ventures; nothing even comes close to this share register…and more come.

Newcomer Investor

@NewcomerInvest

10 months

I’ve held shares of this business for over 3 years (since before the New Millenium RTO!) Many gave up hope along the way. Glad I stayed to finally witness this day! Congratulations to @JoshCrumb , the whole $ABXX team, and all fellow shareholders who stayed the course. 🥂

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@JoshCrumb

5 years

A quick personal note in memorium for my grandfather, Dale Fimple, died today at 95. Boxed his foster brothers for nickels in the streets of the depression, Pacific Tour, a career in cryptography & statistical routines for Sandia Labs (wayyy before cool!) #GreatestGeneration

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@JoshCrumb

6 months

Abaxx Q1: 🔸All major market opening milestones completed Q1 🔸Closed final placement of +$55mm total for Exchange & 🆔++ (Canoe, Cboe, Blackrock, Wellington, Tom Ward, R. Friedland, Traxys, K2, Rothschild +more) 🔸3 FCMs approved (now 5 incl. indirect) 🔸Board attestation for 🚀

Josh Crumb 🆔++

@JoshCrumb

8 months

Abaxx Q4/Q1: 🔸 First new commodity clearinghouse licence in decade+ 🔸 Closed +$30mm from Canoe, Blackrock, Wellington & K2 funds 🔸 Closed strategic investors Cboe global exchange group, battery metal trading leader Traxys, NatGas titan T.L.W. 🔸 🚀 ready 🔸 GenAI + 🆔++ = ?

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@JoshCrumb

4 years

Just think of all the digital advertising & manipulation it will take to rebuild society. #FAANG

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@JoshCrumb

2 years

Through consultation with #LNG market participants over the course of many years, @abaxx_exchange has developed a European LNG benchmark contract 🇪🇺 The most trusted benchmark prices have convergence with the physical market through transparency, increased access & competition..

Ursula von der Leyen

@vonderleyen

2 years

Taming gas price volatility and spikes: The current pricing benchmark is no longer adapted to a market that is shifting from pipeline gas to LNG. We will develop a new benchmark and put in place a mechanism to limit excessive gas prices in the meantime.

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