In One Chart
Why trouble may loom for stock market if Cathie Wood’s ARK Innovation ETF fails to bounce (story Link)
Last Updated: May 5, 2021 at 4:41 p.m. ET First Published: May 5, 2021 at 1:17 p.m. ET
By William Watts
If high-growth funds falter, it could force a test of 3,980-4,000 level for S&P 500 index: Analyst Continue reading
Linked below is an excellent interview with Robert Kientz of Gold Silver Pros. The interview is hosted by Tom Bodrovics, co-founder of Palisades Gold Radio. Tom is a great host in that he allows the guests express their views while guiding the conversation in a quiet way. Tom is a private investor with a background in oil & gas. Continue reading
Our focus remains intact. Commodities and Blockchain / Crypto is our “hunting” ground for Ideas. We are beginning to look into some of Cathie Wood of ARK ETF Family of funds for fallen momentum stocks. The addition of Nano Dimensions, (NNDM) is from her list. Continue reading
New Number One Gainer since we conceived this Ten Under $10 for the Double list is – Recon Africa Continue reading
Buying MoneyGram (MGI)* $6.70 for the Ten Under $10 holdings. In related accounts we bought early on Friday at $7.07. We will continue to buy into shares of MoneyGram. See email LOTM April #42 for our MGI comments. I have a working relationship with a charity in Uganda and do business in Vietnam and use international currency transfers weekly. I have a familiarity with the process and believe MoneyGram has an excellent long-term future in the real-time money transfer business. Link to Finviz news charts and stats. TipRanks Target (linked) is $7.75. We are guessing there will be upgrades in analyst’s perspective. Continue reading
MoneyGram (MGI) $7.27
In February 2021, MoneyGram dropped from above $11.50 to nearly $6 on news that Ripple Labs (XRP) was being sued by the SEC. MGI had been using Ripple Labs (XRP) crypto currency exchange to transfer money overseas. MoneyGram announced they would not use Ripple to facilitate the transfer of funds globally. This was due to the SEC lawsuit. Ripple has now settled with the SEC. Continue reading
About seven weeks ago, gold miners starting a rising chart pattern (see GDX below) at the same time interest rates (see TBT –below in same chart) began weakening and the US Dollar started lower (not shown). No question all are interrelated. Continue reading
CLSK traded as high as $42.60 in January of 2021 has now corrected more than 50%. The news however, (below) keeps getting better and better. Continue reading
