Stuff That Interests Me

Good morning to you,I am going to be sending out two pieces in fairly quick succession: first, today’s, some commentary on the latest bitcoin price action, and then another, tomorrow hopefully, about gold mining.It looks like bitcoin (currently $67,000, down from highs of $73,500) is now “enjoying” a correction. Microstrategy (NDX:MSTR) has 5xd, since we covered it in the summer, and some profit-taking is inevitable. My own strategy though is to HODL. I don’t think this is the end of the cycle. Longer term I think bitcoin goes higher, even if it is short-term overbought and over-heated. I know of no strategy that has consistently beaten HODL, so that is what I am going to continue to doThere is an expression you will have heard me use from time to time: “from false moves come fast moves in the opposite direction”. Sometimes you will see a move above an old high, a “false breakout”, before a market reverses. At the moment the breakout above the old high to $73,500 then the reversal looks like it could be one o