Picking a market top or a market bottom is really tough, yet here I am say or maybe suggesting a market bottom has been made in the last two weeks.

Something Broke – Terra Luna broke last week. People close to Terra Luna are trying to fix it, but a lot of psychological damage has been done. Bitcoin saw 2.4 Billion US Dollars’ worth of coin trade a week ago Thursday. That is certainly a panic sell by someone. Terra Luna. More importantly is the question – who bought. The price of Bitcoin dropped from around $30,000 to $25,000 and came back to $30,000 in about 24 hours. This week Bitcoin sold down to just under $29000 and seems to be holding. No bottom is complete until we can look backwards and see the price moving higher and out of the low price area. We will need to see the price cross above $31,000 and $32,000 for that. Continue reading →

The market is under intense selling pressure as witnessed by the 1,100 point drop in the Dow Jones average on Wednesday.

A logical and systematic approach to the lower stock prices would be to dollar-cost-average (DCA) when “the market” is in a correction phase for prices – if you believe the companies will survive and prosper in the future. Bear markets are opportunities to downsize the number of positions and add to the smaller number of held positions that are healthy enough to be the survivors of the bear and leaders in the next bull market. This is a foundational opportunity to set the stage for the next big advance. The key – “Know Your Company” so you can judge the risk/reward they present. Continue reading →

Important Points to Valuation: Continue reading →

• Morgan Stanley is calling for a rally in a bear market for the S&P 500 – 3,400 ultimate target.
• Goldman Sachs down-side Target for S&P 500 3,600

Five-month daily chart of SPY (1/10 S&P 500)

Continue reading →

Companies:

Bakkt (BKKT)* $2.94 – Slower revenue growth than expected but a relevant company for the future.
Global Payments (GPN) $122.20 – Back to March 2020 pricing and modest forward P/E of 11.
Galaxy Digital (BRPHF)* $6.79 – Price target from analyst BTIG, is still $28.00

Continue reading →

Galaxy Digital (BRPHF)* issued a press release Continue reading →

Is a liquidity crunch at hand? The way money is being sucked out of the junior miners a liquidity crunch is already upon us.

• Discover Silver (DSVSF)* is below $0.94 – 52 week high: $2.23
• Sassy Resources (SSYRF)* $0.24 – 52 week high: $0.82
• GoldSpot Discovery (SPOFF)* $0.35 – 52 week high: $1.25
• Vizsla Silver (VZLA)* $1.29 – 52 week high: $2.87
• Silver One (SLVRF)* $0.24 – 52 week high: $0.67
• Gatos Silver (GATO)* $2.87 – 52 week high: $20.26

Continue reading →

It is a very brutal day today Monday May 9^th.

Things that can help mentally: Continue reading →