Bitcoin has no fundamental value “at this time” as a measure of its price. That makes it perfect for trading technically with one exception. It is a thinly traded and some big coin players do manipulate the action, so technicals only work part of the time. We must always be alert to sudden price shocks if working Bitcoin. For this reason, I prefer using Osprey Bitcoin Trust (OBTC)* as a surrogate for directly trading Bitcoin. It gives a slightly delayed reaction to directly trading Bitcoin. A type Continue reading →
Posted inTom's Blog|Comments Off on LOTM: Bitcoin- Is it Starting to Separate its Correlation with Equity Market Risk
Too Rapidly a Rising US Dollar – The Milkshake Theory
Rapidly Rising Dollar increases Inflation outside the United States
Rapidly Rising Inflation Causes Civil Unrest from food and energy shortages.
This is still the decade Commodities until it is not.
Nat Gas favorites – EQT & VET
A rapidly rising US Dollar is shaking up financial markets around the world. It causes problems in other countries through a shortage of US dollars to make payments on US Dollar denominated debt, for the purchase Continue reading →
Posted inTom's Blog|Comments Off on LOTM: An Emerging Problem – The Dollar Milkshake
The Ten Under $10 portfolio has been trashed in this sell off in the first half of 2022.
Never-the-less, we are very comfortable with the positions held in the Ten Under $10 portfolio.
Natural Resources, mineral and fossil fuels, are still within the theme of “Commodities will rule in this decade”. They are volatile yes and the miners are crushed at this moment.
Keep in mind that in my opinion, is very little risk of these companies going out of business. Personally, I have been or would be dollar-cost-averaging (DCA) into all miners listed in the portfolio below. I like Uranium as well which is not in the portfolio except for some royalty positions held by GoldSpot. Continue reading →
Posted inTom's Blog|Comments Off on LOTM: Ten Under $10 For The Double
First of all – I have no clue if the metal miners are going lower in price or if this is the bottom. What I do know is that at today’s ratio of the Gold Miners to the price of Physical Gold, they are very cheap. Very Cheap! Too cheap to wait to buy. Of course, use your preferred strategy to buy. Dollar-cost-average (DCA) into a position or just add some at today’s prices. DCA is a well-known strategy.
In the chart below we have the GDX (Gold ETF) divided by the GLD (physical Gold price) to show the relationship. Continue reading →
Posted inTom's Blog|Comments Off on LOTM: Metal Miners are too Cheap!