- MARA Holdings – formerly Marathon Digital (MARA) $15.15 – This flies on a Trump win
- Gold/Silver ratio says buy silver.
MARA Holdings – formerly Marathon Digital (MARA $15.15
Interesting headlines of note on Mara
I like the company as a business venture plus as a way of gaining exposure to their bitcoin as a reserve asset decision. MARA owns about 27,000 bitcoin. A related account to LOTM owns MARA with call options sold against the position. The premiums are high when the stock rallies as short sellers buy call options to hedge their short position. MARA is not a big position for us but with the high premium on the short duration expiration dates, it is a great way to generate cash.
If Trump wins the election, Bitcoin could explode. After all Trump, from his first tour as President in 2016, had a to do list. Trump checked off the tasks to do better than any president in my life time. On his list now is making Bitcoin a US Treasury reserve asset. Mara Holdings is close to crossing above 50-day moving average which would trigger algo buying.
If I could only make one trade on a Trump win, with minimal downside risk, tt would be on bitcoin and companies related to bitcoin, crypto and blockchain. MARA is looking like it is ready to rally. Throw on some fuel from a Trump win and away we go.
How many ounces of silver does it take to buy one ounce of gold?
Today that number is 84.40. A reading above 80 ounces of silver, to buy one ounce of gold is a bench mark to sell gold and buy silver. I‘m not here to tell you to sell your gold. BUT, it might be time to buy silver instead of gold.
Good fortune to us all!
