Grayscale Bitcoin Trust (GBTC*) $14.22.

Galaxy Digital (BRPHF*) $4.08

MicroStrategy (MSTR) $299.88

Bitcoin vs. Gold: Which is Best? The Ultimate Showdown!! (linked here) May 30, 2023 – Presented by Guy at Coin Bureau. An excellent assessment, presented in a short video (19 minutes) concerning Gold Vs Bitcoin (BTC). LOTM likes both. Each has benefits and risks. I will not summarize the video as it is short and covers a broad swath of information and in detail. The one comment we will contribute as to our opinion, is that gold is more stable, recognized as a store of value for 5,000 years, recognized as the same as cash by the global banking systems, and is less trackable than bitcoin by governments. This makes Gold the better store of value to preserve wealth. Continue reading →

Why Invest in Space?

We approach this from two perspectives.

The first is the fact that we are already in World War III. Funding is being poured into industries engaged in this into this area. Pippa Malmgren states the we are engaged in World War III with Russia and China. This war is being played out in outer space, under the ocean and in cyber space, right now. Pippa is connected, experienced, credible and someone worth listening to. A couple of her talks on WW III are linked here #1 and here #2.

The second is that Aliens are already here. The US Government and perhaps others have reverse engineered crashed alien technology and are applying our next generation technology. Far out, right! Well, there seems to be a low key effort by the government to introduce acceptance of “alien” concept to the public. This, after decades of calling UFO’s a “conspiracy theory,” and down playing alien contact Continue reading →

Grayscale Bitcoin Trust (GBTC is the largest holder of Bitcoin in a accessible public vehicle in the world. GBTC today trades at a discount to it Net Asset Value (NAV) of 41.68%. The number of Bitcoins owned by GBTC is approximately 633,000.

Source (Y-Chart)

There is another Trust that trades in the USA the only owns Bitcoin. That trust is Osprey Bitcoin Trust (OBTC). It also trades at a discount though not as large a discount as GBTC. The OBTC discount to NAV is 36.46%. Continue reading →

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Soluna 9% preferred is an interesting speculation. It is very difficult to suggest buying the shares as there could be events beyond the company’s control that cause Soluna, the company, to go through bankrupcy. Personally I still hold a cup half full view for Soluna Holdings.

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The market rotates between rally phases and correction phases. Normally the rally phase is longer in time while corrections are shorter in duration. This can also be called Risk-on trades and Risk-off trades.

Risk-on trades would include Growth stocks, Crypto, most equity sectors like Bio-tech, Genomis, Semiconductors, and Emerging technologies suce as Cathie Wood’s ARK mutual finces. Risk-off trades would incorporate Precious metals (miners and physical metals) Consumer staples, Value stocks and high quality dividend paying stocks like Utilities and Pipeline companies. Ten-year and shorter Treasuries are also considered Risk-off trades.

If we select a Risk-off asset like Physical gold or Large Cap Gold miners, we can divide that ETF into any number of Risk-on vehicles (like the NASDAQ 100) and come up with a ratio as to which ETF is outperforming the other. This is important to track as “The Market” is likely to be more volatile and shift from rally to correction phases for shorter periods of time (three to six month cycles) than it has in the past. Each phase can be very volatile in its moves within short time periods. Currently Risk-on is in favor, see chart below, for the NASDAQ 100 and Biotech/Genomic areas, and risk-off in areas, like gold and silver, are out of favor. The ratio above the moving averages is positive for Risk-on vehicles (numerator) and a ratio print below the moving averages is positive to Risk-off vehicles (denominator). Continue reading →

Free Enterprise has given way to Crony Capitalism in the USA

Crony Capitalism – an economic system in which businesses thrive not as a result of free enterprise, but rather as a return on money amassed through collusion between a business class and the political class. This is often achieved by the manipulation of relationships with state power by business interests rather than unfettered competition in obtaining permits, government grants, tax breaks, or other forms of state intervention over resources where business interests exercise undue influence over the state’s deployment of public goods, for example, mining concessions for primary commodities or contracts for public works. Money is then made not merely by making a profit in the market, but through profiteering by rent seeking  using this monopoly or oligopoly. Entrepreneurship and innovative practices which seek to reward risk are stifled since the value-added is little by crony businesses, as hardly anything of significant value is created by them, with transactions taking the form of trading. Continue reading →

“Hard times create strong men. Strong men create good times. Good times create weak men, and, weak men create hard times.”
― G. Michael Hopf, “Those Who Remain”

Cynical:

1. Believing that people are motivated purely by self-interest; distrustful of human sincerity or integrity.

2. Concerned only with one’s own interests and typically disregarding accepted or appropriate standards in order to achieve them.

Inconvenient Truths:

Are you a diversified investor when you own the S&P 500?

• Apple (AAPL) and Microsoft (MSFT) are 14% of the price movement out of 500 stocks in the index. So goes Apple and Microsoft, so goes the S&P 500.

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