From where I see it

I haven’t posted in a while, so I figured I would make a few comments about the markets, given the context of what I see around me.

Bitcoin and crypto

There’s a lot of attention being devoted to bitcoin and its price action. I’m sure there’s a fair amount of schadenfreude as observers gather around the diggers digging its grave.

But, I’ve been around long enough already to see that this, too, shall pass. I do note that  much of the venture capital that flooded into the crypto sector over the past five or six years has been steadily exiting. So many people are finally throwing in the towel on their quixotic blockchain ventures. The blockchain technology just doesn’t seem to be bearing fruit the way its promoters have envisioned.

However, this doesn’t mean that Bitcoin is going to a grave. Unless otherwise stated, we will once again see a resurgence in the future. It may be a few years. It may be a few months. But once again, the real survivor of blockchain, BTC, Will rise from the ashes and make new highs.

I’ve always recommended my readers to stick with Bitcoin, if we are to remain invested in the sector. It’s kind of that set-it-and-forget-it proposition.

Despite the continual Cassandra calls, it truly seems that Bitcoin will be the real blockchain survivor. We just need to see a complete washout with all those companies who announced Bitcoin treasuries. All of those crappy stocks who desperately tried to reinvent themselves by announcing the formation of Bitcoin treasuries became leveraged speculators overnight.

The blockchain bulls who have staked their lives on rebuilding entire industries have been swinging and missing for years. Perhaps, they will decide to work with the existing economy, rather than rebuilding it.

Stocks

I stated sometime ago to stay away from the likes of Oracle, as it seemed like it had become a financial reporting dumpster fire. That still seems to be the case. Too much ego going around, but the other companies clearing a path in AI, like Google and Nvidia, and even Apple, do have legitimacy. They’re all above 4 trillion dollars in market cap and I’m not going to bet against them. At least not now.

To be honest, if someone were asking me 10 years ago what I thought about the movement in the S&P 500, I didn’t envision 7000. I do recall making predictions last decade in a prior post on a prior blog to be prepared for DOW 40,000. However, when theory does eventually meet reality, it’s still mind-blowing.

But then again, I never thought I would have seen corporations with market values above $4 trillion. It also seems that Elon musk may become the first trillion dollar man; at least, the first publicly stated one. For those conspiracists out there, we know that there are other trillionaires already.

We might think that stock valuations are extremely rich, and they may be, but in a world of quantitative easing, I prepare my readers to continually be surprised. Don’t bet against $40 billion a month.

Will the Democrats retake?

It seems the establishment media are hell bent on making certain the Democrats retake the House and Senate this November. If the Democrats gain, it will only be because of the voters contempt of trump. It won’t be because of anything the Democrats promote. Like I’ve always said, don’t get involved in a false binary. Don’t be like the other 90% out there who are completely hypnotized by the system.

I suspect that some of this volatility is also a result of the fears on Wall Street that the party might be winding up if the Democrats retake the House and Senate. I think it’s certainly affecting the crypto community.

Gold and silver

I find it peculiar how gold and silver had been allowed to take off the way it did this past year. I get that silver is in short supply, but it’s been in short supply for decades.

I’ve been following the silver market for about 30 years now and I always have to be suspect when we have parabolic blow off tops. We never really know when these big moves come, which is why I always like holding physical gold and silver (gold over silver), but it seems that the upward chart action can always surprise and amaze.

Now, we see silver “tanking” down into the ’70s, but we must remember that it is up 2 to 3 times it was just since 2024. So, when I see the price of silver drop from $110 an ounce to $70 I don’t get my knickers in a knot.

I recall buying silver eagles for $7.50 in 2005 when “physical” was $5.75. I remember purchasing Gold eagles for $495. Yes, the game remains the same, but the price levels are much different. Trees don’t grow to the sky, and we may see prices here level off for a spell, but we must keep things in perspective. Gold and silver prices are a heck of a lot higher than they were five or 20 years ago.

The countdown clock 

For those longer-term readers, they see the countdown clock on my front page. I don’t see anything changing. While most just view the world is going insane, we few know better. There is a method to the madness and it seems the tumblers in the lock are all lining up. I tell my readers to keep preparing.

President Trump’s art of the deal might work when proposing a new skyscraper in New York City, but when it comes to geopolitics, he’s ruffling too many feathers trying to get his point across. Whether or not Trump provides the catalyst for the upcoming War remains to be seen. But he is the first president in many decades that at least on the surface, hasn’t been selling out the country. Time will tell.

Godspeed to my people.