Both Europe and Japan are now solidly in negative interest rate territory. The US is almost there. The Fed has lowered its reserve rate to 0%. We will see if the US can hold the line. Don’t count on it. Negative interest rates make for very weird economic behavior. For example, the quanto contract moves from being an… Read More »
I wrote this in my last post of 2020“I now like cash. I’m putting more of that in my portfolio. Commodities like gold and oil look attractive as well.” Well, two out of three isn’t bad. By the way, I sold all my oil stocks. I also wrote this: “The levee will break sometime in 2020. I will… Read More »
Bitcoin was born out of the financial crisis of 2008, when a group of libertarian coders wanted to build a currency that couldn’t be manipulated or inflated by a national government. That means, of course, we don’t how it will react under a world financial crisis. But we are going to find out very soon. So far, so… Read More »
At close of trading today, the Dow Jones was down 4.4% for the day and down 11% since Monday. For the TSX Venture, (the Canadian small cap exchange home to many penny stocks), it was slightly worse. It was down 4.5% for the day and down 12% for the year. It’s approaching all-time lows (again): https://web.tmxmoney.com/quote.php?qm_symbol=%5EJXMeanwhile, in the… Read More »
Gold stocks. Again. This week, I bought a small amount of Prime Mining Corp (PRYM-TSXv, PRMNF-OTC) on the back on a big promotional campaign put out by our sister newsletter, Investing Whisperer.Eclipse Gold Mining (EGLD-TSXv) went public on Tuesday, holding at around 80 cents. K92 mining (KNT-TSXv) is still in the portfolio. A free report from Investing Whisperer since the summer, I’m up 50%.… Read More »
Volatility has returned to the crypto-markets, as indicated by the funding rate of bitcoin perpetual futures. It has been a while since my last article on crypto-hedging, so let’s take it from the top: The chart you are looking at is the funding rate for the most liquid bitcoin futures contract on the planet, the Bitmex XBTUSD perpetual contract.… Read More »
