Galaxy Digital is a global leading company offering Investment Banking, Venture Capital and Asset management services to Institutional Clients in the area of Crypto Currency and Blockchain. They currently have more than 900 Institutional Clients. Galaxy partners with four different asset managers in four countries to develop and manage Crypto related products. This includes four Bitcoin Spot ETFs that are currently approved.

Should the price decline again, the six dollar area should be support. The added analyst comments would help hold the price. Galaxy is still reactive to the price of Bitcoin, so factor this into your personal approach to the market be you a trader or a dollar-cost-averaging investor. Continue reading →

There are four items to look at in selecting a Bitcoin Spot ETF for ownership:

1. Management Experience and Credibility
2. Management fees
3. How close does the ETF track the Price of Bitcoin
4. Liquidity – The ability to sell when you want to sell.

Let’s take # 4 above, first – Liquidity.

As the title below states, Blackrock and Fidelity dominate in daily volume. Numbers three and four in volume of shares trading are Ark’s ETF’s Continue reading →

It’s nice to get various points of views of themes for the next year. Knowing these themes can be used as bench marks to follow or adjust to get on track. Below, I’ve put together comments from different experts with different perspectives on what they expect in 2024. Each of these people could be right but different on the timing of the “when.”

In this summary we have,

I: Felix Zulauf with Julia La Rouch produced about mid-December 2023. Felix is a macro investor / long-term trader who lives and works out of Switzerland.

II: Larry Williams, a pure cyclical / technical Trader. News, be it company, economic or Geo-political news is not a consideration in Larry’s decision making process. Larry is a shorter-term trader. Continue reading →

Account Summary:
Starting Date August 1, 2020
Cost of current investments: $45,084.70
Unrealized current holdings gain: $17,923.50
Realized gains from start date: $23,259.33
Total Realized and Unrealized Gain: $41,183.00

Continue reading →

Physical gold has had a Golden Cross moment. A Golden Cross is a very bullish long-term indicator. A Golden Cross is when the 50-day moving average (MA) crosses above its 150-day or its 200-day moving average. Physical gold, 50-day MA, has crossed above both its 150-day and 200-day MA. It will not take much to have gold march into new all time highs.

Continue reading →

VersaBank (VBNK)* $10.06 – See Stats below. Other than the price pop this week the company looks perfect for a long term positioning to own. Trading might be a bit difficult due to the low float, wide spread in the bid/ask and daily trading volume below 10,000 shares.

VBNK is closing on the purchase of a small Minnesota Bank in the USA that will give them status as a US Bank licensed in all 50 states. The USA market is significantly larger than the Canadian market for what VersaBank does. Management believes the profit margin will be greater for VBNK in the USA than what they have in Canada. Future plans expressed, is expansion into Europe.  Continue reading →

In this post are multiple ideas from within the Fintech movement. FinTech is the one the first applications of Crypto and Blockchain used in real world situations. These uses are different from buying crypto directly. Real world applications are what give Crypto currencies and Blockchains their value. Some of the companies listed below own crypto assets or safekeep crypto assets. They also use the blockchain applications that crypto allows. Continue reading →

Technical and Quantitative Market Readings

The prior published update was November 20, 2023. The Plus minus sign in the graphic above is the direction change from 11/20 to today.

Biggest gains in the market are made when one catches a money rotation from one asset class to another asset class. The biggest shift I see coming is a rotation into precious metals. In 2023, we have had a massive rally in crypto. GBTC* (above) has rallied from December 2, 2022 price of $8.98 to its current price of $31.02. Some of the smaller coins are up even more. Continue reading →