Cryptoassets are an emerging class of assets with a lot significant potential for wealth generation and preservation. Involvement in the “Cryptocurrency Ecosystem” requires a fair amount of knowledge about underlying block-chain technology, but it also requires significant understanding of monetary theory. $BTC, $LTC, $ETH, and many other cryptoassets have a hard cap. Once reached, no […]
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I am still concerned about the financial sector in the long run. As I mentioned in “Breaking Down Bank Earnings,” a lot of the movement in the S&P 500 has come from the financial sector (XLF), and profits for the financial sector have been coming from this inflated bull market. This, along with the interconnectedness […]
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I have been keeping an eye on BTC price and volume action. I already noted that we should be wary of trading volume. I do not trust this rally. I can see BTC going a fair amount lower before it starts to grow again. Consider the following chart, which you can click on to take […]
ContinueOver the past year, the price of bitcoin and other cryptocurrencies, with respect to the US dollar, have skyrocketed. For the most part, the increase in price has coincided with an increase in trading volume. However, since the peak in late may, trading volume for bitcoin has actually declined somewhat, even as the price has […]
ContinueIn “Gold: Reasons Why it is a Good Form of Money,” I wrote about why gold is a good form of money. However, I wrote that gold does not have intrinsic value. While this is true, what it has in value comes very close to being intrinsic. And it is for that reason that it is […]
ContinueAfter the round one loss by Marine Le Pen, investors moved back to a risk-on psychology. The Yen and gold dropped considerably, even against the declining dollar. NASDAQ reached a new high of 6,000. The Russell 2000 also reached a new high, breaking out of its long term sideways trading channel. The S&P 500 also […]
ContinueI did not have a chance to finish my wrap-up last week, as I was waiting on another pending article to go live. So instead I am making sure to get a launchpad completed. Also, I have decided to move the wrap-up and launchpad posts to my page rather than have them as exclusive articles […]
Continue“The risk free rate of return determines the values of all assets…” Every once in a while someone makes a comment which is quite intelligent, and then follows it up with something equally silly. That is the case with this statement.
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The VIX futures curve (F1-F2) was in backwardation unitl the April contract expired on the 18th. However, backwardation has continued to try to creep into the futures curve, and the current F1-F2 terms have already found themselves in backwardation, although not consistently. Again, this does not mean pile money into VIXY, but it does raise concerns […]
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VIXY topped out on Friday, in after hours trading. However, VIX and VIXY have not seen the large drop which we are accustomed to seeing after a bump. Certainly they have fallen, but they are still seeing a lot of support.
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