Announcing My New Hedge Fund

January 30, 2021

No, I’m not actually going to start a Hedge Fund, but I should, eh?  I’ll buy nothing but Gamestop. For those of you hiding under a rock for the last week, a bunch of dudes on Reddit decided to crush the short selling hedge funds, and Gamestop was one of their targets.  Gamestop owns retail […]

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That Was Boring

January 23, 2021

Last week I predicted we were in for a week that would change the world.  Well, not so much. The Inauguration was a non-event.  The stock market didn’t do much.  Gold is trading about where it started the year, which is strange for the month of January. Bitcoin, on the other hand, went on something […]

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The Week That Will Change The World

January 16, 2021

Wednesday, January 20, 2021, is Presidential Inauguration Day in the United States.  It appears that tens of thousands of National Guard troops and other military are already in Washington D.C., preparing for the Big Day.  It also appears that the public is not invited.  Large gatherings are not permitted during the COVID-19 pandemic, so the […]

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Bitcoin: The Runaway Train

January 9, 2021

Interesting week, eh?  I don’t mean politics.  I don’t care about that.  I assume it’s all theatre.  I mean the crypto world. I won’t bother showing you the charts, because they change every minute, 24-7, but I can tell you that on January 1, 2021 Bitcoin traded at $28,572, and it peaked on January 8 […]

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QBTC, QETH, Bitcoin, and How to Invest

January 2, 2021

As I write this on Saturday morning, January 2, Bitcoin has just reached yet another all-time high of just shy of $31,000 USD.  Ether, the cryptocurrency based on the Ethereum blockchain, traded over $750, so while not an all-time high, it is getting close to its all-time high achieved three years ago. I am not […]

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Will Bitcoin Replace Gold as a Safe Haven in 2021?

December 26, 2020

No. No, Bitcoin will not replace gold as a safe haven in 2021. There, I just saved you from having to read my disjointed ramblings on that subject.  For those who have time to kill on this Boxing Day weekend, here is a more detailed answer: Yes, 2021 will be the year that Bitcoin enters […]

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Bitcoin, Ethereum and Gold

December 19, 2020

Three charts for your viewing pleasure:  all three are one-month charts, as of the morning of December 19, 2020, with a red horizontal line drawn from the short term high that occurred early in December.  First, gold: As you can see, gold is back to about where it started the month, around the $1,880 level, […]

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Gold – An Update

December 12, 2020

Not a great last four weeks for gold, eh? On November 9 gold peaked at $1,965, and then crashed to $1,849 later that same day.  November 30 saw a further low of $1,763, before recovering to the close on Friday at $1,839. The gold chart shows an obvious wedge formation.  Which trend will prevail?  The […]

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My Most Bizarre Successful Investment: Canadian Bank Stocks

December 5, 2020

Given that the world is in lock down, unemployment is high, borrowers were granted up to six months in interest deferrals due to the pandemic, and businesses are going out of business, how do you think bank stocks are doing? Very well, it turns out. How is that possible? Government stimulus, I assume, in many […]

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Bitcoin – What’s Really Going On

November 28, 2020

Bitcoin was trading at $3,825 on march 13.  On November 25 it traded at just under $19,500.  It then “crashed” to $16,225 the next day.  And so it is with Bitcoin. Is Bitcoin a scam?  A Ponzi Scheme? Perhaps. Is the US Dollar a Ponzi Scheme? Perhaps. But that’s not the point.  If people believe […]

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