Category: Finance
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Bitcoin heat meets strawberries? Affinor’s (AFI.C) latest idea sounds green – But is it ripe?
Long time readers (and I mean loooonnng time readers) will recall the tale of Affinor Growers Inc. (AFI.C), a former weed company from the green rush days whose story went from: ‘We’re going to grow weed in vertical indoor systems, send us all your monies’ To: ‘That didn’t work because weed is tall – who knew…
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Short seller Andrew Left fights fraud charges, cites Namaste short as a market service
Andrew Left, the infamous short-seller behind Citron Research, is asking a California judge to throw out criminal charges accusing him of manipulating U.S. and Canadian stocks for personal profit. In a motion filed July 2, Left argues that his conduct—issuing negative reports on overhyped companies and shorting their stock—has long been seen as legal and…
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Digital Commodities (RIPP.C) emerges as a currency safe haven in troubled times
Look, I’m no fan of Donald Trump. This will hardly come as a surprise to anyone who has followed me on social media. I think he’s a scumbag, a Russian asset, an abuser of women, and is bringing about the darkest days of the great American democracy experiment. But while he’s undoing everything I think…
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Pubcos extending warrants as summer drags on, hoping for cash injection in months ahead
Canadian-listed, German-based bioscience accelerator BioNxt (BNXT.C) has announced it plans to give warrant holders an additional year to exercise 2022-purchased $0.50 warrants of the company, as its stock steadily climbs up from a low of $0.20 to $0.305 over the past week. BioNxt is going through an FDA trial process on a new oral film…
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Bitcoin break sounds alarm for stock markets
In mid June, I wrote an article highlighting the important zones of play for Bitcoin. The major zones being $71,466 to the upside, and $61,832 to the downside. The chart above shows the price action of Bitcoin at that time. It was Fed week, and Bitcoin was bouncing at the interim support zone. In that…
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Japanese $62 billion currency intervention FAILS
After months of speculation from currency traders, the Bank of Japan confirmed that they did a currency intervention to strengthen the falling Japanese Yen. The Bank of Japan confirmed its first currency intervention since 2022 with $62 billion being used to prop the Yen between April 26th 2024 and May 29th 2024. Here was the…
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Bitcoin bounces at key support ahead of Fed decision.
This article will provide an update on the current technical set up on Bitcoin. Before we jump into the charts, let’s talk about some headlines making their way around mainstream financial media. The world’s largest cryptocurrency dropped to a one week low as traders and investors awaited CPI and the Fed decision. CPI for the…
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Stock Markets and Gold shaky as bond yields rise
Besides Nvidia carrying the Nasdaq, the other major US indices have been a bit shaky. We will jump into the charts below. And as usual, the prime suspect is the action in the bond markets. Of course this has a lot to do with the Federal Reserve and interest rate cuts. At time of writing,…
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Stock Markets rise after weaker employment data
It was eventful last week with the FOMC rate decision and US NFP (employment data). And I apologize, but once again this is all about the most important question and narrative driving financial markets: will the Fed cut rates soon? Let’s start off with the FOMC meeting. On May 1st 2024, the Fed kept rates…
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Are stock markets about to crash hard?
At time of writing the US stock markets are green for the day in an attempt to end four red days in a row. However, the green is slowly dissipating with a sell off. In fact, the Nasdaq has already gone red. My readers know that I like to rely on technicals. We will get…
