Nasdaq

It’s Saturday, January 30, 2021, and this your Market report. What a crazy week! Stocks had an up and down week, Metals were mixed, and Bitcoin is acting like a rabid lemming looking for a rocket or a cliff. Let’s start with… Gamestop. This week the WallStreetBets Reddit group (r/WSB) came out in force to crush Melvin Capital, a hedge fund that had heavily shorted GME shares. The r/WSB folks decided that this was wrong and created a short squeeze on Melvin’s position. This caused ALL kinds of insane price moves, which I wrote about in my “Short Squeezing Gamestop (GME)” Medium post. ...

It’s Saturday, January 23, 2021, and this your Gold, Silver, Bitcoin, and Stock Market report. What a week! Stock market indices close near all time highs, Bitcoin got clobbered earlier in the week, and Gold and Silver market rebound slightly. Stock markets rallied last week, buoyed by the incoming Biden Administration and its shift to taking the Covid19 pandemic seriously. Gold and Silver had price gains but the charts continue to show a slow slide to the downside. Bitcoin sold off in the week amid comments made by incoming Sectary of the Treasury Janet Yellen on limiting the use of Bitcoin. ...

It’s Saturday, January 16, 2021, and this your Gold, Silver, Bitcoin, and Stock Market report. The markets take a pause this week to catch their breath! Gold and Silver drop this week, Bitcoin sells off from record highs, and the Dow Jones / Nasdaq / S&P500 pull back from recent highs. The markets are entering a consolidation phase with profit-taking happening in the stock markets and possibly Bitcoin. We expect more of this in the coming week as Biden Administration takes over. That said, the threat of violence from alt-right terrorists is quite possible for next week which could generate volatility in the highly speculative markets of Bitcoin and Silver. ...

It’s Saturday, January 9, 2021, and this your Gold, Silver, Bitcoin, and Stock Market report. What a week! With the Capitol riots in DC - incited by the outgoing Trump administration - many anticipated the markets to fall. Instead, they all charged higher closing at all-time highs! The Stock Market likes the incoming Biden administration because more stimulus is coming. Bitcoin rallied to another record this week breaking and closing above $40,000 a coin. ...