There are four items to look at in selecting a Bitcoin Spot ETF for ownership:
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
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.
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
Vehicle: ProShares Short QQQ ETF
Price: $10.10
Purpose: Short-term trade in anticipation of a market correction or longer-term hedge
Dividend: This short position on the Nasdaq 100 (QQQ) pays a quarterly that presently is about 4% annually.
How can it pay a dividend? The ETF does not short the QQQ directly but rather through various duratives. The balance of the ETF, is in short-term Treasuries. The return on short term treasuries is high enough at this time to pay the current dividend.
History: Since the history of the Nasdaq 100 (QQQ) has been in a decade long uptrend, the long-term performance of the PSQ has been negative. This appears to be a vehicle to use on a shorter-term hedging basis when you believe Continue reading
