Two weeks ago, I bought 20,000 shares of Satori Resources (TSXv-BUD, OTCQB-STRRF) at 15 cents. It’s currently trading at 13 cents on very little volume. It’s been my best trade this month which tells you what kind of month it’s been. Satori is a gold exploration punt out of Flin Flon Manitoba. I met the CEO, Jennifer Boyle at the Planet Microcap Showcase in… Read More »
Contagion. Last week the Luna token traded as high as $85 USD. As I write this, it’s trading under 2 cents. The Terra blockchain has been halted. That means you can’t even get your 2 cents out. The Luna token went from a market cap of $25 billion to nothing, in a space of a week. But wait, it… Read More »
In my six years of crypto-investing, I’ve learned to walk either on one side of the road or the other. But don’t walk down the middle. For me, there are two types of trades. The first kind of trade has a payoff but most importantly, there is absolutely no way I’m going to lose my initial outlay. The second… Read More »
With inflation running at eight percent (at least!) everybody wants – needs – yield on their assets. But Nasdaq has been flat since last April. Even bitcoin is in the red. Keeping your money in the bank means you are guaranteed to lose eight percent in purchasing power this year. In a recession, it’s only the people who… Read More »
Tens of trillions of dollars are locked away in accounts in the financial banking system that don’t pay any interest rate. That’s according to the latest report on the global payment systems by McKinsey. I make a habit of reading this yearly report, as boring as the title may suggest. I first wrote up the findings back in 2017. If you… Read More »
This story is the last in a series on stock market crashes. Part I is here, Part II is here Part III is here. You may think that the pandemic did enormous damage to the US (and world) economy, but the NASDAQ index says otherwise. Shutdowns of service industries for months because of lockdowns? Nothing to worry about. Disruptions in the… Read More »
