Gold / Ten-year Treasury / The Dollar – What’s the Deal?

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Strategies & Tactics: Excellent Technical Trading Suggestions for Traders

These two Videos popped up in my daily search for Strategies & Tactics in the market. They are worth watching. They are both related to the MACD indicator but used in different ways. We suggest you listen to both in the order presented. Video #II builds on video #I. Enjoy. They are really good and can help your trading success.

MACD

I: Best MACD Trading Strategy – 86% success rate

The MACD indicator. Probably one of the most well-known / widely used indicators in the trading world. By itself, not that powerful. When paired with other indicators, easily one of the highest win rate strategies you can choose from. In this video I show you exactly how to pair the MACD trading strategy with others to get an insanely easy to use trading strategy that profits extremely wellContinue reading

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LOTM: Ten Under $10 Update – September 10, 2023

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Is BlackRock pushing the Price of Bitcoin Lower?

The article below accuses BlackRock of pushing the price of Bitcoin lower in a process of accumulation shares prior to a Bitcoin ETF approval. We find the claim credible and even normal process of large players when accumulating shares of an illiquid investment. There is nothing illegal in this. It is even normal procedure in the markets. Lets say I a Big Investor and want to accumulate a position in illiquid stock. I would call my broker/ market maker and place the order. The broker/market maker would check the street for other bids and offers. This is a pretty close group who is talking and dealing with each other frequently. One or more of these market makers might pull their normal bid from the group. This removes some support from the position. This pulling of the bid allows a vacuum to form in which the share price falls allowing the price to drift or fall lower. In the old days a well-known market journalist would write a negative article for pay to “help” the share price fall. This is called “Yellow Journalism”. This journalist was fined for such writing and though not often enforced, is illegal. Continue reading

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Score one for the Everyday Person: Grayscale wins Vs SEC

By this title, LOTM is saying that the SEC never intended to stop Blockchain or crypto movement but rather is throwing up road blocks to allow the Traditional Financial (TradFi) industry time to try and catch up.

To allow a Futures ETF in Bitcoin (leveraged) while saying a cash owned “Spot” Bitcoin ETF is dangerous to the public is the height of misinformation, outright lying, and hypocrisy. The courts recognized this and said exactly that in siding with Grayscale. Now the SEC could still not approve a Spot Bitcoin ETF. That is its right. But lets be clear on why – it is not to protect the public. Continue reading

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First Leg Up is completed in New Crypto Bull Market

I’m more comfortable being long bitcoin today more than 6 months ago:

Galaxy Digital CEO Novogratz – six minute Video. 7/20/23

Gold, Silver, Bitcoin, I put them all in the same basket. Mike Novogratz, paraphrased from above interview.

Bitcoin one-year chart:

Chart

“Instead of investing in gold as a hedge against inflation … or the devaluation of your currency … [bitcoin] can represent an asset that people can play as an alternative,” Fink stated. The description reinforces the perception of bitcoin as a store of value, akin to the role gold has traditionally played in investment portfolios. Continue reading

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LOTM Fintech Alert – Industry stocks are moving.

LOTM Has been vocal on the Fintech Industry as benefiting from change coming due to Blockchain technology. Blockchain is changing how money transfers are made. This is a distinct challenge and risk to TradFi (traditional Finance). The short version is Blockchain is very secure way to transfer currency and documents (read title companies) that eliminates the middle men – TradFi. It is estimated that the global revenue generated by TradFi industry is $7 Trillion (source Morgan Creek Capital’s Mark Yusko) a year globally. Therefore, it is very clear why the Banking, Insurance, finance and title companies don’t want Crypto and Blockchain to progress or progress rapidly.

Favorite names to LOTM in no particular order, the symbols COIN, SHOP, STNE, PAGS, SQ, MQ and GLBE. Do your own due diligence from the list below. Long time readers know where we stand on this list. Some of these names have doubled or more from their two year-low price. We suggest that if interested in this group, you buy a package of five stocks or more, equal dollars invested in each name. Dollar cost average in the same way with three to four group purchases over your allocated time-line for buying. Once you are fully invested, use a trailing stop loss on the entire package at your predetermined percent loss. 10% or 15% are common stops. Your risk tolerance might be less or more than these common stop-loss numbers. Continue reading

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Central banks move gold back home after freeze on Russian assets

Sovereign investors, concerned about the precedent of sanctions,
prefer the physical metal to derivatives or ETFs

https://www.ft.com/content/76bddb74-4ddb-4e36-b70c-c0e26d8bf557 – July 10, 2023
A growing number of countries are bringing their physical gold reserves back home to avoid Russian-style sanctions on their foreign assets, while increasing their purchases of the precious metal as a hedge against high levels of inflation. Central banks globally made record purchases of gold in 2022 and into the first quarter of this year, as they hunted for safe havens from high inflation and volatile bond prices, according to a survey of sovereign investors by asset manager Invesco. China and Turkey together accounted for almost one-fifth of these purchases. Concerned by the decision by the US and others to freeze Russian assets, central banks opted to buy physical gold rather than derivatives or exchange traded funds that track the metal’s price. They also preferred to hold it in their own country as global tensions increased. Invesco’s survey found that 68 per cent of central banks held part of their gold reserves domestically, up from 50 per cent in 2020. In five years, that figure is expected to rise to 74 per cent, the survey showed. “Up until this year, central banks were willing to buy or sell gold through ETFs and gold swaps,” said Invesco’s head of official institutions Rod Ringrow. Continue reading

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