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Thoughts on Bitcoin
The dollar price of Bitcoin is down almost 50% from the all-time highs reached just a few months ago. The Bitcoin haters are busy declaring victory (and ignoring that many of them have been negative on the digital asset when it was trading at $1,000). Some of the defenders are saying it’s a great time … Read more
Looking at the Downside
It’s been a volatile few days. Let’s recap: The Federal Reserve: I continue to believe the market is overestimating the impact Fed Chair nominee, Warsh, could have on the economy and the markets. Last week, there was reasonable fear that Warsh would be hawkish (favoring higher interest rates). I’m skeptical of that take, despite … Read more
Thursday and Friday Volatility
Hi All, Thursday and Friday were incredibly volatile for gold and silver. Despite the immense drawdowns, both precious metals were higher for the month. For an explanation of what happened, please see this post: Here’s What Just Happened in Gold, Silver, and Bitcoin. This week’s Five Things will be available to DKI Premium subscribers early … Read more