Daily Boost 07.30.2021 Hello Crypto?

As of this writing, bitcoin is trading at $41,745 – is it headed higher or a head fake? We don’t know for sure. We do know that our Riot Blockchain ($RIOT) calls made a late stage comeback this week and busted through strike… a sign of things to come?

Daily Boost 07.28.2021 Fed Speaks Edition

So you’re telling me its not transitory?

Commodities are back in vogue – well at least for now.

Uranium is starting to glow again. Sold more Energy Fuels $UUUU Sept $6 Calls today. Bought some Energy Fuels $UUUU Oct $6 Calls today. Need a play on Dennys ($DNN) but its in no mans land. Tried writing some Sept puts @ $1 but not a lot of meat on that bone. C’mon Dennys.

Gold and Silver looking good here. Still love royalty cos like Metalla – $MTA – gonna listen to http://www.kereport.com/2021/07/27/metalla-royalty-streaming-a-shareholder-update-on-a-wide-range-of-topics/

Crypto seems to be headed higher but might be a head fake – who knows? Canaan ($CAN) was up like 15% today so there’s that.

We’re buying some Biotech cause why not. New position in IMV Inc. ($IMV) – they are battling Cancer and Covid – so thats awesome.

Oil looking slick. Pun intended. $RIG holding strong.

Elon pumps crypto, uranium remains nuclear.

Elon Musk sent crypto soaring today with his announcement that Tesla bought $1.5 billion in bitcoin. Also, uranium continues to catch a bid with stocks trending much higher today on the back of gains on Friday.

Our crypto kinetic rocket Canaan ($CAN) was up big today, along with our uranium kinetic rockets Energy Fuels ($UUUU) and Denison Mines ($DNN).

Finally, Denison did announce some ramp-up of its Wheeler River evaluation plans today here.

Canaan feel the noise.

Crypto is surging today as Bitcoin has risen to $38,176. Our favorite way to play the crypto market is with Canaan, Inc. ($CAN) – a maker of super computers like the AvalonMiner 1246. Canaan, Inc. is one of our new kinetic rockets because from Bitcoin to Dogecoin they all need to be mined and what better way to do it than with a supercomputer.

Silver and Uranium back to earth, crypto catching a bid.

After yesterdays craziness with the #silversqueeze things are settling back to normal in the silver and uranium markets. Ho-hum. And what have we here? Is crypto catching a bid? Bitcoin is at $34,964 as I type this – interesting… we did see Canaan ($CAN) one of our new kinetic rockets and our crypto play move higher.

Hello Crypto.

Well, we did it. We finally entered the crypto space by purchasing a small amount of Canaan Inc. ($CAN) on the Nasdaq) today – a new kinetic rocket! Canaan Inc. is a Chinese company that builds crypto mining rigs – theirs is called the Avalon Immersion Cooling Miner.

The price of bitcoin has rocketed lately and this has caused a lot of buzz around blockchain / cryptocurrencies. On Saturday I was listening to The Market Huddle and Lynn Alden who I believe is one of the most knowledgeable experts on bitcoin right now. The demand for cryptocurrencies is increasing due to macroeconomic forces like the dollar’s perceived value decreasing and slowly losing its status as the word’s reserve currency.

Due to the nature of the hash behind bitcoin, mining the coins becomes more energy intensive with each coin mined. So, as bitcoin and other blockchain applications continue to grow in popularity, so will the demand for these sorts of mining tools.