Unloved and over-sold, XBI the S&P Biotech ETF, is attractive for a short-term over-sold bounce and a long-term accumulation perspective. Continue reading →

LOTM: Ten Under $10 comment Jan 29, 2022
GATOS Silver: Lots of price drama this week. The share price dropped from about $10 to Fridays close of $3.06. We are impressed by the drop mainly because we not that impressed by the news. Yes, it was a shock. And yes, we are uncertain of the ultimate outcome. The company stated that reserves were overstated – possibly by 50%. The adjustment will not be known for six to eight months. In addition to the reserve downgrade, a number of brokers downgraded the shares from out-perform to under-perform. The fall in price triggered margin selling. At $3.00 all margin related to the shares has to be 100% paid off. That tough situation and acts like a magnet drawing the share price to the $3.00 area where the stock needs to be fully paid for. Continue reading →

Last week, LOTM shared the relationship between the S&P 500 and Gold as shown in the SPY divided by GLD. The chart above provides a visual on whether more focus can be applied to one or the other. Currently we would use a rally in this chart to sell the S&P 500 and buy Gold. Continue reading →

Technical Comment on the Chart below.

• Notice the “Flat Line” price action in the share price from the late November period until today.

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This video linked below on Bitcoin and its current price decline worthy of sharing. Continue reading →

Sourced from Finviz.com
Soluna Holdings updated its December 2021 results for its Soluna Computing 100% owned subsidiary. Continue reading →

• You can see by the CMF (Chaikin Money Flow), money is leaving the S&P 500.

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LOTM: Comments on:

• Soluna Holdings (SLNH)*
• Galaxy Digital (BRPHF)*
• StoneCo (STNE)*
• PagSerguro (PAGS)*
• Karora Resources (KRRGF)*
• PolyMet (PLM)

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