LOTM: Comment on Soluna, Galaxy Digital and more…
The price of Soluna went below $4.00 today – trading as low as $3.72. Continue reading
Trading an ETF, we are more focused on the technical readings and the industry performance as it relates to the flow of funds more so than having concerns about company risk. As an industry, the fall has been from February 2021 to May 2022. Enough time to go from very over bought to very over-sold. The RSI has crossed above its 505 line. This indicates that ARKG is now performing better than 53% of the market. This is a plus. It shows money is being attracted to the industry. Price crossing the 50 Continue reading
Here are some facts.
This addresses holding physical gold. For a period of time the price of gold was “fixed” and in the 1930’s, owning physical gold was outlawed in the USA. Continue reading
The Chinese started World War 3 (Three) as far back as Richard Nixon’s USA opening up to China (1972). While the USA looked at this as an opportunity to draw China into the USA way of thinking, for China it was the beginning of a 100 year plan, to control the USA and the world. Fifty years later, the USA is “starting” to waken to the fact that China has been at war with the USA for 50 years.
You can plan on China invading Taiwan prior to the 2024 elections. If it does not happen, consider it a gift but, not the end of our war with China. Russia combined with China is a geo-political nightmare Continue reading
There were a number of Timely Interviews worth sharing on current market condition. I am presenting two of these interviews with you that I believe are important to the next few weeks and months. These interviews are from Hedge fund Managers. There are well thought out and shared or in the case of Blockworks Macro Interview discussed with agreement but differences on driving factors behind the similar conclusions. Continue reading
This chart pattern with the constant bumping against the support line (about $13.00) with declining highs is a descending triangle. This is generally considered a bearish chart pattern. Short-term, pressure appears to be building leading to a downward move. Continue reading
Rick Rule, former CEO of Sprott Inc, now retired and founder of Rule Media, has presented an interesting theory that relates to the conundrum of life at the present time. Perhaps there is a lesson we can benefit from, more importantly a way to profit from it.
His theory goes something like this Continue reading
Sprott Inc was originally founded by Eric Sprott and Rick Rule as an investment banker / broker focused on Mining companies. Both Sprott and rule have retired from active management at Sprot in but remain shareholders. In the case of Rick Rule, he is the largest shareholder in Sprott Inc. Continue reading
