Crypto crash? Not really…

Photo by Kammeran Gonzalez-Keola on Pexels.com

Crypto is down; is it out?

In context, over 800 stocks just hit 52-week lows, so this is global, not just crypto.

The following stocks created new 52-week lows on Wednesday:

• Home Depot HD shares hit a yearly low of $286.25. The stock was down 0.49% on the session.
• Starbucks SBUX shares set a new 52-week low of $70.07. The stock traded down 1.2%.
• Airbnb ABNB shares fell to $112.37 on Wednesday, setting a new 52-week low with a shift of up 3.26%.
• Uber Technologies UBER stock achieved a new 52-week low on Wednesday morning, hitting $22.67 and moving down 1.08%.
• Honda Motor Co HMC stock set a new 52-week low of $24.98 on Wednesday, moving down 1.05%.
• Shopify SHOP stock hit $315.25 on Wednesday morning, setting a new 52-week low for a change of down 4.76%.
• Illumina ILMN shares made a new 52-week low of $208.35 on Wednesday. The stock was down 0.2% for the day.
• Sea SE shares set a new 52-week low of $60.57. The stock traded down 5.34%.
• Yum Brands YUM shares reached a new 52-week low of $108.92 on Wednesday morning, moving down 1.04%.
• IDEXX Laboratories IDXX shares hit a yearly low of $332.00. The stock was up 0.26% on the session.
• T. Rowe Price Gr TROW shares reached a new 52-week low of $117.27 on Wednesday morning, moving down 4.26%.
• Lucid Gr LCID shares fell to $15.07 on Wednesday, setting a new 52-week low with a shift of down 4.77%.
• Rivian Automotive RIVN shares were down 7.37% for the day, having made a 52-week low of $20.93.
• Icon ICLR stock achieved a new 52-week low on Wednesday morning, hitting $203.06 and moving up 0.53%.
• Warner Music Group WMG stock broke to a new 52-week low of $24.62 on Wednesday. Shares of the company traded down 4.27%.
• Coinbase Global COIN stock hit a new 52-week low of $52.80. The stock was down 23.88% on the session.
• Franklin Resources BEN stock set a new 52-week low of $24.01 on Wednesday, moving down 1.02%.
• Nomura Holdings NMR stock broke to a new 52-week low of $3.59 on Wednesday. Shares of the company traded down 1.23%.
• Elanco Animal Health ELAN stock set a new 52-week low of $21.32 on Wednesday, moving up 0.46%.
• Etsy ETSY stock drifted down 2.47% on Wednesday morning to hit a new 52-week low of $80.52.
• DiDi Global DIDI shares set a new yearly low of $1.50 this morning. The stock was down 2.63% on the session.
• Apartment Income REIT AIRC stock drifted up 2.76% on Wednesday morning to hit a new 52-week low of $42.30.
• RingCentral RNG stock hit a new 52-week low of $65.80. The stock was down 3.56% on the session.
• DLocal DLO shares made a new 52-week low of $16.14 on Wednesday. The stock was down 2.02% for the day.
• Under Armour UAA shares were down 1.35% for the day, having made a 52-week low of $10.12.
• New Relic NEWR stock dropped to a yearly low on Wednesday of $48.83. Shares traded down 1.72%.
• ACI Worldwide ACIW shares made a new 52-week low of $25.31 on Wednesday. The stock was down 1.66% for the day.
• Global E Online GLBE shares made a new 52-week low of $16.97 on Wednesday. The stock was down 0.99% for the day.
• Silvergate Capital SI stock dropped to a yearly low on Wednesday of $75.29. Shares traded down 6.28%.
• Herbalife Nutrition HLF shares hit a yearly low of $22.25. The stock was down 2.1% on the session.
• Digital Turbine APPS shares moved down 1.66% on Wednesday to hit a new 52-week low of $24.01, drifting down 1.66%.
• Nikola NKLA stock achieved a new 52-week low on Wednesday morning, hitting $5.32 and moving down 3.14%.
• MicroStrategy MSTR shares moved down 12.69% on Wednesday to hit a new 52-week low of $195.26, drifting down 12.69%.
• Upwork UPWK stock achieved a new 52-week low on Wednesday morning, hitting $16.59 and moving down 7.68%.
• Hercules Capital HTGC stock dropped to a yearly low on Wednesday of $15.75. Shares traded down 1.38%.
• BlackRock Innovation BIGZ shares were down 0.48% for the day, having made a 52-week low of $8.04.
• National Vision Holdings EYE stock dropped to a yearly low on Wednesday of $23.78. Shares traded down 3.95%.
• Beyond Meat BYND shares fell to $27.88 on Wednesday, setting a new 52-week low with a shift of down 7.28%.
• Shake Shack SHAK stock hit a new 52-week low of $45.16. The stock was down 5.55% on the session.
• BlackRock Enhanced Equity BDJ shares were up 1.33% for the day, having made a 52-week low of $8.98.
• BlackRock Capital BCAT stock hit a new 52-week low of $14.97. The stock was up 0.4% on the session.
• BioCryst Pharmaceuticals BCRX shares set a new yearly low of $8.23 this morning. The stock was down 3.55% on the session.
• Paymentus Holdings PAY stock hit $12.29 on Wednesday morning, setting a new 52-week low for a change of down 3.37%.
• Emergent BioSolutions EBS shares reached a new 52-week low of $29.38 on Wednesday morning, moving down 2.5%.
• Wolverine World Wide WWW shares hit a yearly low of $16.65. The stock was down 2.63% on the session.
• CS Disco LAW shares moved down 2.77% on Wednesday to hit a new 52-week low of $21.90, drifting down 2.77%.
• Valneva VALN stock hit a new 52-week low of $24.00. The stock was down 2.55% on the session.
• Core Scientific CORZ shares reached a new 52-week low of $3.91 on Wednesday morning, moving down 4.79%.
• iRobot IRBT stock hit $45.47 on Wednesday morning, setting a new 52-week low for a change of down 3.7%.
• Fiverr International FVRR shares set a new 52-week low of $29.04. The stock traded down 20.32%.
• Vacasa VCSA shares hit a yearly low of $5.38. The stock was down 3.81% on the session.
• Remitly Global RELY shares set a new 52-week low of $6.92. The stock traded down 2.12%.
• MeridianLink MLNK shares hit a yearly low of $14.31. The stock was down 4.73% on the session.
• Virtus Dividend NFJ shares set a new yearly low of $12.08 this morning. The stock was up 0.9% on the session.
• Array Technologies ARRY stock hit a yearly low of $6.17. The stock was down 2.43% for the day.
• Avid Technology AVID shares made a new 52-week low of $22.22 on Wednesday. The stock was down 3.93% for the day.
• IonQ IONQ stock drifted down 5.64% on Wednesday morning to hit a new 52-week low of $4.54.
• Kymera Therapeutics KYMR shares made a new 52-week low of $17.08 on Wednesday. The stock was down 4.39% for the day.
• Calamos Convertible CHY shares fell to $11.71 on Wednesday, setting a new 52-week low with a shift of down 0.23%.
• ContextLogic WISH stock broke to a new 52-week low of $1.29 on Wednesday. Shares of the company traded down 5.07%.
• Standard Motor Products SMP shares hit a yearly low of $39.47. The stock was up 0.3% on the session.
• Agora API shares reached a new 52-week low of $6.05 on Wednesday morning, moving down 0.48%.
• Sharecare SHCR stock achieved a new 52-week low on Wednesday morning, hitting $1.93 and moving down 1.93%.
• PIMCO Income Strategy PFN stock set a new 52-week low of $7.99 on Wednesday, moving down 0.25%.
• Blackrock Core Bond Tr BHK stock hit a new 52-week low of $11.60. The stock was down 0.6% on the session.
• Centessa Pharmaceuticals CNTA stock set a new 52-week low of $6.63 on Wednesday, moving down 8.62%.
• Loma Negra Cia Industria LOMA shares set a new yearly low of $5.11 this morning. The stock was up 2.6% on the session.
• United States Lime USLM shares made a new 52-week low of $104.25 on Wednesday. The stock was up 4.22% for the day.
• Torrid Holdings CURV shares set a new yearly low of $5.49 this morning. The stock was down 2.1% on the session.
• Design Therapeutics DSGN shares set a new 52-week low of $10.23. The stock traded down 5.26%.
• Vivid Seats SEAT stock hit $7.25 on Wednesday morning, setting a new 52-week low for a change of down 3.88%.
• Blackstone Strategic BGB stock set a new 52-week low of $11.88 on Wednesday, moving down 0.46%.
• Tucows TCX shares made a new 52-week low of $48.41 on Wednesday. The stock was down 2.33% for the day.
• Butterfly Network BFLY stock dropped to a yearly low on Wednesday of $2.60. Shares traded down 4.69%.
• Groupon GRPN shares fell to $12.96 on Wednesday, setting a new 52-week low with a shift of up 0.95%.
• Nautilus Biotechnology NAUT shares fell to $3.21 on Wednesday, setting a new 52-week low with a shift of up 0.3%.
• Solo Brands DTC stock hit a new 52-week low of $5.37. The stock was down 8.61% on the session.
• Conn’s CONN shares moved down 0.21% on Wednesday to hit a new 52-week low of $13.99, drifting down 0.21%.
• Pardes Biosciences PRDS stock broke to a new 52-week low of $5.43 on Wednesday. Shares of the company traded down 5.84%.
• PIMCO Income Strategy PFL shares hit a yearly low of $9.35. The stock was down 0.58% on the session.
• Akero Therapeutics AKRO stock achieved a new 52-week low on Wednesday morning, hitting $9.10 and moving down 8.3%.
• Infrastructure and Energy IEA shares moved down 3.19% on Wednesday to hit a new 52-week low of $6.43, drifting down 3.19%.
• CURO Group Holdings CURO stock hit $7.82 on Wednesday morning, setting a new 52-week low for a change of down 1.5%.
• Veritone VERI shares hit a yearly low of $7.52. The stock was up 0.89% on the session.
• Adagio Therapeutics ADGI shares hit a yearly low of $2.57. The stock was down 7.86% on the session.
• American Public Education APEI stock broke to a new 52-week low of $14.55 on Wednesday. Shares of the company traded down 16.09%.
• Templeton Emerging Market TEI stock set a new 52-week low of $5.65 on Wednesday, moving up 0.39%.
• Bird Glb BRDS shares were down 2.53% for the day, having made a 52-week low of $0.94.
• Benefitfocus BNFT stock hit a new 52-week low of $7.99. The stock was down 5.12% on the session.
• Eaton Vance National EOT shares were down 0.23% for the day, having made a 52-week low of $17.38.
• Lightning eMotors ZEV shares made a new 52-week low of $3.27 on Wednesday. The stock was up 3.43% for the day.
• ReneSola SOL shares set a new yearly low of $3.86 this morning. The stock was down 5.04% on the session.
• ATI Physical Therapy ATIP stock achieved a new 52-week low on Wednesday morning, hitting $1.25 and moving down 10.64%.
• PepGen PEPG shares reached a new 52-week low of $10.09 on Wednesday morning, moving up 3.14%.
• Aadi Bioscience AADI shares hit a yearly low of $12.01. The stock was down 2.42% on the session.
• Nuveen AMT-Free Municipal NUW shares made a new 52-week low of $13.81 on Wednesday. The stock was up 0.14% for the day.
• SuRo Capital SSSS stock set a new 52-week low of $7.80 on Wednesday, moving up 4.46%.
• GrowGeneration GRWG stock hit a yearly low of $3.75. The stock was down 17.91% for the day.
• Doubleline Opportunistic DBL shares set a new yearly low of $15.65 this morning. The stock was down 0.89% on the session.
• KalVista Pharmaceuticals KALV shares fell to $9.69 on Wednesday, setting a new 52-week low with a shift of down 11.66%.
• 1stdibs.com DIBS stock dropped to a yearly low on Wednesday of $6.22. Shares traded down 3.36%.
• IronNet IRNT stock hit a yearly low of $2.23. The stock was up 2.14% for the day.
• AlloVir ALVR shares set a new yearly low of $3.50 this morning. The stock was down 6.9% on the session.
• Kaleyra KLR stock drifted down 9.26% on Wednesday morning to hit a new 52-week low of $2.74.
• Cue Biopharma CUE shares set a new 52-week low of $3.48. The stock traded down 16.67%.
• View VIEW stock achieved a new 52-week low on Wednesday morning, hitting $0.55 and moving down 59.15%.
• Western Asset Investment PAI stock hit $12.33 on Wednesday morning, setting a new 52-week low for a change of down 0.24%.
• BNY Mellon Alcentra Glb DCF stock achieved a new 52-week low on Wednesday morning, hitting $7.80 and moving 0.0% (flat).
• Clovis Oncology CLVS shares moved down 5.26% on Wednesday to hit a new 52-week low of $0.80, drifting down 5.26%.
• So-Young Intl SY shares set a new 52-week low of $1.04. The stock traded down 5.8%.
• Calamos Global Total CGO shares hit a yearly low of $12.00. The stock was down 0.41% on the session.
• GDL Fund GDL shares set a new 52-week low of $8.13. The stock traded down 0.85%.
• Apyx Medical APYX shares moved down 4.96% on Wednesday to hit a new 52-week low of $3.08, drifting down 4.96%.
• Mogo MOGO shares hit a yearly low of $1.41. The stock was down 1.35% on the session.
• Bancroft Fund BCV shares made a new 52-week low of $18.82 on Wednesday. The stock was up 0.31% for the day.
• SOS SOS shares were down 3.68% for the day, having made a 52-week low of $0.38.
• Lee Enterprises LEE stock hit a new 52-week low of $18.16. The stock was up 2.37% on the session.
• Charah Solns CHRA stock broke to a new 52-week low of $3.24 on Wednesday. Shares of the company traded down 1.21%.
• Cinedigm CIDM stock hit $0.60 on Wednesday morning, setting a new 52-week low for a change of down 2.04%.
• TFF Pharmaceuticals TFFP shares set a new yearly low of $4.01 this morning. The stock was down 1.43% on the session.
• GreenPower Motor Co GP shares set a new yearly low of $4.17 this morning. The stock was up 1.58% on the session.
• Silverback Therapeutics SBTX stock hit $2.88 on Wednesday morning, setting a new 52-week low for a change of down 0.67%.
• RiverNorth Flexible RFM shares fell to $16.97 on Wednesday, setting a new 52-week low with a shift of down 1.16%.
• Checkpoint Therapeutics CKPT stock hit $1.10 on Wednesday morning, setting a new 52-week low for a change of down 5.42%.
• Summit Therapeutics SMMT stock drifted down 7.59% on Wednesday morning to hit a new 52-week low of $1.03.
• Eaton Vance Senior Income EVF shares set a new yearly low of $5.72 this morning. The stock was down 1.72% on the session.
• Brainstorm Cell BCLI stock dropped to a yearly low on Wednesday of $2.67. Shares traded down 1.08%.
• Lucira Health LHDX stock broke to a new 52-week low of $2.42 on Wednesday. Shares of the company traded down 6.02%.
• Virtus Global VGI stock hit $8.58 on Wednesday morning, setting a new 52-week low for a change of down 0.09%.
• BrainsWay BWAY shares hit a yearly low of $6.03. The stock was down 7.09% on the session.
• Farmer Bros FARM shares were up 5.33% for the day, having made a 52-week low of $4.94.
• Kopin KOPN shares moved down 9.32% on Wednesday to hit a new 52-week low of $1.05, drifting down 9.32%.
• Passage Bio PASG stock set a new 52-week low of $1.79 on Wednesday, moving down 9.75%.
• Fortress Biotech FBIO shares hit a yearly low of $0.88. The stock was down 2.95% on the session.
• NextCure NXTC stock hit $3.34 on Wednesday morning, setting a new 52-week low for a change of up 2.07%.
• CuriosityStream CURI stock broke to a new 52-week low of $1.77 on Wednesday. Shares of the company traded down 6.28%.
• Epizyme EPZM stock set a new 52-week low of $0.55 on Wednesday, moving down 6.91%.
• Finch Therapeutics Group FNCH shares set a new 52-week low of $1.88. The stock traded down 9.48%.
• Arlington Asset Inv AAIC shares hit a yearly low of $2.96. The stock was up 0.99% on the session.
• Gabelli Global Utility GLU shares were down 3.41% for the day, having made a 52-week low of $16.69.
• VirnetX Holding VHC stock set a new 52-week low of $1.11 on Wednesday, moving up 9.29%.
• AgroFresh Solutions AGFS shares fell to $1.56 on Wednesday, setting a new 52-week low with a shift of down 3.49%.
• Electric Last Mile Solns ELMS shares hit a yearly low of $0.68. The stock was down 2.3% on the session.
• PowerFleet PWFL stock hit a new 52-week low of $2.31. The stock was up 1.71% on the session.
• SRAX SRAX stock set a new 52-week low of $3.27 on Wednesday, moving down 2.95%.
• BIT Mining BTCM stock drifted up 1.79% on Wednesday morning to hit a new 52-week low of $1.09.
• NRX Pharmaceuticals NRXP stock hit $1.21 on Wednesday morning, setting a new 52-week low for a change of down 4.58%.
• Galectin Therapeutics GALT stock broke to a new 52-week low of $1.30 on Wednesday. Shares of the company traded down 1.44%.
• Flora Growth FLGC shares made a new 52-week low of $1.22 on Wednesday. The stock was down 2.92% for the day.
• BM Technologies BMTX shares moved 0.0% (flat) on Wednesday to hit a new 52-week low of $6.42, drifting 0.0% (flat).
• CollPlant Biotechnologies CLGN shares fell to $7.50 on Wednesday, setting a new 52-week low with a shift of up 0.45%.
• Carrols Restaurant Group TAST shares set a new 52-week low of $1.47. The stock traded down 0.99%.
• Tanzanian Gold TRX stock broke to a new 52-week low of $0.28 on Wednesday. Shares of the company traded up 0.38%.
• Eos Energy Enterprises EOSE shares reached a new 52-week low of $1.40 on Wednesday morning, moving down 9.82%.
• Sharps Compliance SMED shares hit a yearly low of $4.04. The stock was down 5.59% on the session.
• Nautilus NLS shares moved down 4.6% on Wednesday to hit a new 52-week low of $2.46, drifting down 4.6%.
• Vapotherm VAPO shares made a new 52-week low of $2.88 on Wednesday. The stock was down 8.23% for the day.
• Puma Biotechnology PBYI shares moved down 8.79% on Wednesday to hit a new 52-week low of $1.64, drifting down 8.79%.
• RiverNorth Specialty RSF stock achieved a new 52-week low on Wednesday morning, hitting $17.35 and moving 0.0% (flat).
• Kazia Therapeutics KZIA shares reached a new 52-week low of $5.32 on Wednesday morning, moving down 1.0%.
• BitNile Hldgs NILE stock set a new 52-week low of $0.25 on Wednesday, moving down 6.46%.
• Conformis CFMS shares set a new 52-week low of $0.39. The stock traded down 2.87%.
• Pyxis Oncology PYXS stock dropped to a yearly low on Wednesday of $2.00. Shares traded up 0.23%.
• Sphere 3D ANY shares reached a new 52-week low of $1.06 on Wednesday morning, moving down 6.21%.
• Nemaura Medical NMRD shares moved up 5.45% on Wednesday to hit a new 52-week low of $2.59, drifting up 5.45%.
• BurgerFi International BFI stock dropped to a yearly low on Wednesday of $3.03. Shares traded up 1.93%.
• Eargo EAR stock broke to a new 52-week low of $1.71 on Wednesday. Shares of the company traded down 0.57%.
• Assembly Biosciences ASMB shares set a new 52-week low of $1.37. The stock traded 0.0% (flat).
• Oriental Culture Holding OCG stock hit a yearly low of $3.16. The stock was down 2.01% for the day.
• Magenta Therapeutics MGTA stock broke to a new 52-week low of $0.98 on Wednesday. Shares of the company traded down 7.41%.
• AgEagle Aerial Sys UAVS stock hit a new 52-week low of $0.70. The stock was down 3.87% on the session.
• Nuveen Multi-Market JMM stock set a new 52-week low of $6.08 on Wednesday, moving down 0.49%.
• Comstock Mining LODE shares reached a new 52-week low of $0.78 on Wednesday morning, moving 0.0% (flat).
• Biotricity BTCY stock drifted down 3.51% on Wednesday morning to hit a new 52-week low of $1.07.
• PARTS iD ID shares moved down 8.0% on Wednesday to hit a new 52-week low of $1.43, drifting down 8.0%.
• BeyondSpring BYSI stock drifted down 4.69% on Wednesday morning to hit a new 52-week low of $1.36.
• Solid Biosciences SLDB shares reached a new 52-week low of $0.47 on Wednesday morning, moving down 3.35%.
• Redhill Biopharma RDHL stock broke to a new 52-week low of $0.99 on Wednesday. Shares of the company traded down 5.61%.
• Cardiff Oncology CRDF shares were down 2.38% for the day, having made a 52-week low of $1.20.
• Transact Technologies TACT shares set a new 52-week low of $5.01. The stock traded down 10.02%.
• Accelerate Diagnostics AXDX shares fell to $0.70 on Wednesday, setting a new 52-week low with a shift of down 0.44%.
• Brooklyn BTX shares moved down 4.85% on Wednesday to hit a new 52-week low of $0.82, drifting down 4.85%.
• Sunworks SUNW shares hit a yearly low of $1.47. The stock was down 5.7% on the session.
• Alkaline Water Co WTER shares made a new 52-week low of $0.43 on Wednesday. The stock was down 6.6% for the day.
• Infinity Pharmaceuticals INFI shares set a new 52-week low of $0.54. The stock traded down 19.54%.
• Aspira Womens Health AWH shares set a new 52-week low of $0.37. The stock traded down 27.37%.
• Fast Radius FSRD shares reached a new 52-week low of $0.65 on Wednesday morning, moving down 4.57%.
• Super League Gaming SLGG shares made a new 52-week low of $1.14 on Wednesday. The stock was down 3.99% for the day.
• SELLAS Life Sciences Gr SLS shares moved down 2.15% on Wednesday to hit a new 52-week low of $2.22, drifting down 2.15%.
• SPI Energy SPI shares reached a new 52-week low of $1.70 on Wednesday morning, moving down 1.12%.
• MIND C.T.I. MNDO shares fell to $2.27 on Wednesday, setting a new 52-week low with a shift of up 0.32%.
• Venus Concept VERO shares reached a new 52-week low of $0.70 on Wednesday morning, moving down 2.19%.
• Zynerba Pharmaceuticals ZYNE stock hit a new 52-week low of $1.04. The stock was down 3.42% on the session.
• Neoleukin Therapeutics NLTX shares set a new 52-week low of $1.06. The stock traded down 6.16%.
• Glimpse Group VRAR stock set a new 52-week low of $3.24 on Wednesday, moving up 6.95%.
• Quotient QTNT shares were down 8.53% for the day, having made a 52-week low of $0.42.
• Stronghold Digital Mining SDIG stock drifted down 4.82% on Wednesday morning to hit a new 52-week low of $2.14.
• AudioEye AEYE shares fell to $3.68 on Wednesday, setting a new 52-week low with a shift of down 3.37%.
• Leju Hldgs LEJU shares reached a new 52-week low of $0.30 on Wednesday morning, moving down 11.03%.
• Delcath Systems DCTH shares reached a new 52-week low of $5.02 on Wednesday morning, moving up 1.7%.
• Verb Tech VERB stock hit a yearly low of $0.40. The stock was down 17.01% for the day.
• Society Pass SOPA stock hit $1.75 on Wednesday morning, setting a new 52-week low for a change of down 6.32%.
• ProQR Therapeutics PRQR shares fell to $0.55 on Wednesday, setting a new 52-week low with a shift of down 0.85%.
• vTv Therapeutics VTVT shares set a new yearly low of $0.44 this morning. The stock was down 0.86% on the session.
• Willamette Valley WVVI shares hit a yearly low of $8.01. The stock was down 0.52% on the session.
• T2 Biosystems TTOO stock dropped to a yearly low on Wednesday of $0.23. Shares traded down 3.56%.
• Capstone Green Energy CGRN shares reached a new 52-week low of $2.51 on Wednesday morning, moving up 0.38%.
• Foresight Autonomous FRSX stock hit a new 52-week low of $0.60. The stock was down 8.7% on the session.
• cbdMD YCBD stock hit $0.59 on Wednesday morning, setting a new 52-week low for a change of up 4.32%.
• Rafael Holdings RFL stock drifted down 0.56% on Wednesday morning to hit a new 52-week low of $1.76.
• Midwest Holding MDWT shares were down 5.38% for the day, having made a 52-week low of $9.60.
• Peraso PRSO shares reached a new 52-week low of $1.52 on Wednesday morning, moving up 3.09%.
• Akanda AKAN shares fell to $1.09 on Wednesday, setting a new 52-week low with a shift of down 10.79%.
• CorEnergy Infr Trust CORR stock hit a yearly low of $2.18. The stock was up 1.79% for the day.
• LightPath Technologies LPTH stock broke to a new 52-week low of $1.28 on Wednesday. Shares of the company traded down 2.24%.
• Greenlane Hldgs GNLN stock hit a yearly low of $0.31. The stock was down 1.69% for the day.
• Cumberland CPIX shares set a new 52-week low of $2.17. The stock traded down 10.08%.
• Avrobio AVRO stock hit a yearly low of $0.76. The stock was down 5.39% for the day.
• Inpixon INPX stock hit a new 52-week low of $0.20. The stock was up 8.24% on the session.
• Applied Genetic AGTC stock broke to a new 52-week low of $0.64 on Wednesday. Shares of the company traded down 6.29%.
• Ostin Technology Group OST shares set a new 52-week low of $2.21. The stock traded down 1.59%.
• Immunome IMNM shares fell to $2.50 on Wednesday, setting a new 52-week low with a shift of down 5.54%.
• Good Times Restaurants GTIM shares set a new yearly low of $2.44 this morning. The stock was up 1.4% on the session.
• Protara Therapeutics TARA shares set a new yearly low of $2.82 this morning. The stock was down 1.41% on the session.
• Trevena TRVN shares moved down 32.63% on Wednesday to hit a new 52-week low of $0.18, drifting down 32.63%.
• NuCana NCNA shares set a new yearly low of $0.58 this morning. The stock was up 0.08% on the session.
• ASLAN Pharma ASLN stock set a new 52-week low of $0.44 on Wednesday, moving down 4.89%.
• The9 NCTY shares reached a new 52-week low of $1.30 on Wednesday morning, moving down 9.46%.
• AYRO AYRO shares were down 4.22% for the day, having made a 52-week low of $0.81.
• Herzfeld Caribbean Basin CUBA shares moved up 1.1% on Wednesday to hit a new 52-week low of $4.75, drifting up 1.1%.
• Austin Gold AUST shares made a new 52-week low of $2.12 on Wednesday. The stock was down 5.11% for the day.
• ZK International Gr Co ZKIN shares made a new 52-week low of $0.90 on Wednesday. The stock was down 2.53% for the day.
• Dolphin Entertainment DLPN stock broke to a new 52-week low of $3.29 on Wednesday. Shares of the company traded down 0.57%.
• AcelRx Pharmaceuticals ACRX shares reached a new 52-week low of $0.18 on Wednesday morning, moving down 11.01%.
• Phoenix New Media FENG shares set a new 52-week low of $0.35. The stock traded down 16.05%.
• Polar Power POLA shares set a new 52-week low of $2.02. The stock traded down 0.95%.
• Alterity Therapeutics ATHE shares hit a yearly low of $0.65. The stock was down 4.3% on the session.
• Sidus Space SIDU stock hit a new 52-week low of $1.52. The stock was down 3.44% on the session.
• Addex Therapeutics ADXN shares moved up 1.79% on Wednesday to hit a new 52-week low of $3.76, drifting up 1.79%.
• India Globalization Cap IGC stock hit a new 52-week low of $0.45. The stock was down 6.51% on the session.
• Eloxx Pharmaceuticals ELOX shares moved down 2.9% on Wednesday to hit a new 52-week low of $0.27, drifting down 2.9%.
• Astrotech ASTC stock hit $0.48 on Wednesday morning, setting a new 52-week low for a change of down 1.74%.
• Ontrak OTRK shares hit a yearly low of $1.15. The stock was down 7.2% on the session.
• Paramount Gold Nevada PZG shares hit a yearly low of $0.50. The stock was down 5.26% on the session.
• Jiuzi Hldgs JZXN shares made a new 52-week low of $1.03 on Wednesday. The stock was down 4.35% for the day.
• SPAR Group SGRP shares made a new 52-week low of $1.00 on Wednesday. The stock was down 1.6% for the day.
• Abeona Therapeutics ABEO shares hit a yearly low of $0.15. The stock was down 4.94% on the session.
• Reviva Pharmaceuticals RVPH shares fell to $1.43 on Wednesday, setting a new 52-week low with a shift of down 3.31%.
• Akso Health Group AHG shares reached a new 52-week low of $0.83 on Wednesday morning, moving up 2.34%.
• iSpecimen ISPC stock achieved a new 52-week low on Wednesday morning, hitting $2.26 and moving down 2.79%.
• Vivopower International VVPR stock achieved a new 52-week low on Wednesday morning, hitting $1.03 and moving down 4.75%.
• Recon Technology RCON shares moved down 5.38% on Wednesday to hit a new 52-week low of $0.62, drifting down 5.38%.
• Idera Pharmaceuticals IDRA shares hit a yearly low of $0.37. The stock was down 1.32% on the session.
• Petros Pharmaceuticals PTPI stock drifted up 5.05% on Wednesday morning to hit a new 52-week low of $0.91.
• Smart for Life SMFL shares reached a new 52-week low of $0.60 on Wednesday morning, moving down 28.5%.
• ALFI ALF stock achieved a new 52-week low on Wednesday morning, hitting $1.21 and moving down 3.91%.
• Genetic Technologies GENE shares set a new yearly low of $1.26 this morning. The stock was down 1.56% on the session.
• Soligenix SNGX stock achieved a new 52-week low on Wednesday morning, hitting $0.45 and moving down 4.82%.
• Calithera Biosciences CALA shares moved down 15.78% on Wednesday to hit a new 52-week low of $0.16, drifting down 15.78%.
• Paltalk PALT stock hit $1.76 on Wednesday morning, setting a new 52-week low for a change of down 1.51%.
• AmpliTech Gr AMPG shares fell to $1.98 on Wednesday, setting a new 52-week low with a shift of down 2.9%.
• Conifer Holdings CNFR shares set a new yearly low of $1.98 this morning. The stock was down 0.37% on the session.
• Edible Garden EDBL stock broke to a new 52-week low of $2.20 on Wednesday. Shares of the company traded down 13.19%.
• Rail Vision RVSN stock broke to a new 52-week low of $1.16 on Wednesday. Shares of the company traded down 5.56%.
• Lixte Biotech Hldgs LIXT shares fell to $1.03 on Wednesday, setting a new 52-week low with a shift of down 5.09%.
• Graybug Vision GRAY shares reached a new 52-week low of $0.79 on Wednesday morning, moving up 4.29%.
• LM Funding America LMFA shares set a new yearly low of $1.30 this morning. The stock was down 15.95% on the session.
• Aridis Pharmaceuticals ARDS stock achieved a new 52-week low on Wednesday morning, hitting $0.97 and moving up 2.02%.
• Fangdd Network Group DUO stock hit a new 52-week low of $0.20. The stock was 0.0% (flat) on the session.
• Pineapple Energy PEGY stock broke to a new 52-week low of $2.15 on Wednesday. Shares of the company traded up 0.44%.
• OpGen OPGN stock drifted down 4.55% on Wednesday morning to hit a new 52-week low of $0.36.
• Windtree Therapeutics WINT shares made a new 52-week low of $0.56 on Wednesday. The stock was down 7.46% for the day.
• Virpax Pharmaceuticals VRPX stock hit a yearly low of $1.40. The stock was down 1.36% for the day.
• InspireMD NSPR shares reached a new 52-week low of $2.01 on Wednesday morning, moving down 3.99%.
• CohBar CWBR shares set a new yearly low of $0.18 this morning. The stock was down 2.59% on the session.
• Recruiter.Com Group RCRT stock broke to a new 52-week low of $1.06 on Wednesday. Shares of the company traded down 9.24%.
• Akerna KERN stock broke to a new 52-week low of $0.42 on Wednesday. Shares of the company traded down 6.93%.
• Hoth Therapeutics HOTH stock hit a yearly low of $0.46. The stock was down 2.08% for the day.
• Chembio Diagnostics CEMI shares hit a yearly low of $0.50. The stock was down 3.77% on the session.
• Blue Hat Interactive BHAT stock broke to a new 52-week low of $0.24 on Wednesday. Shares of the company traded down 7.43%.
• Creatd CRTD stock hit a yearly low of $0.71. The stock was down 4.98% for the day.
• Molecular Data MKD shares moved down 0.63% on Wednesday to hit a new 52-week low of $0.07, drifting down 0.63%.
• Cosmos Holdings COSM shares reached a new 52-week low of $0.78 on Wednesday morning, moving down 0.96%.
• Cyclacel Pharmaceuticals CYCC shares reached a new 52-week low of $1.35 on Wednesday morning, moving down 6.04%.
• Nanoviricides NNVC shares moved down 6.85% on Wednesday to hit a new 52-week low of $1.16, drifting down 6.85%.
• RenovoRx RNXT stock dropped to a yearly low on Wednesday of $1.52. Shares traded down 1.94%.
• Calyxt CLXT stock hit a yearly low of $0.29. The stock was down 6.59% for the day.
• Applied UV AUVI stock set a new 52-week low of $0.87 on Wednesday, moving down 5.99%.
• TOMI Environmental Solns TOMZ shares hit a yearly low of $0.60. The stock was down 8.48% on the session.
• Bridgeline Digital BLIN shares moved down 3.2% on Wednesday to hit a new 52-week low of $1.18, drifting down 3.2%.
• Cuentas CUEN shares were up 3.19% for the day, having made a 52-week low of $0.77.
• Yield10 Bioscience YTEN shares set a new 52-week low of $2.30. The stock traded up 0.21%.
• Protagenic Therapeutics PTIX shares fell to $0.63 on Wednesday, setting a new 52-week low with a shift of down 6.03%.
• Trxade Health MEDS shares were up 0.01% for the day, having made a 52-week low of $1.38.
• Allarity Therapeutics ALLR stock drifted down 1.55% on Wednesday morning to hit a new 52-week low of $1.25.
• Hillstream BioPharma HILS shares fell to $0.91 on Wednesday, setting a new 52-week low with a shift of down 6.54%.
• Art’s-Way Manufacturing ARTW shares were down 1.23% for the day, having made a 52-week low of $2.32.
• China Pharma Holding CPHI shares hit a yearly low of $0.22. The stock was down 11.16% on the session.
• Kintara Therapeutics KTRA stock broke to a new 52-week low of $0.16 on Wednesday. Shares of the company traded down 3.0%.
• ION Geophysical IO stock set a new 52-week low of $0.34 on Wednesday, moving down 2.65%.
• NovaBay Pharmaceuticals NBY stock hit $0.19 on Wednesday morning, setting a new 52-week low for a change of up 2.35%.
• Dynatronics DYNT stock drifted up 0.74% on Wednesday morning to hit a new 52-week low of $0.57.
• Applied DNA Sciences APDN stock achieved a new 52-week low on Wednesday morning, hitting $1.24 and moving down 3.88%.
• Genocea Biosciences GNCA shares reached a new 52-week low of $0.16 on Wednesday morning, moving down 10.13%.
• Guardion Health Sciences GHSI shares reached a new 52-week low of $0.14 on Wednesday morning, moving down 5.66%.
• Evoke Pharma EVOK shares set a new 52-week low of $0.26. The stock traded down 17.88%.
• Antelope Enterprise Hldgs AEHL shares set a new 52-week low of $0.73. The stock traded down 14.13%.

[source: Benzinga]

As you can see, if you skipped to the end, not just a boatload but an ocean full of stocks bottomed out for a variety of reasons. There may be panic, there may be blood in the water, but isn’t that always a good time to buy?

Do your research: a cheap stock or crypto that doesn’t do anything is still a waste of money. Only invest into something with a solid use case and good fundamentals.

How you can profit from “true conspiracies”

Sometimes the reality is bigger than the conspiracy. It’s NOT true that Bill Gates wants to microchip the COVID vaccine (why bother? We all carry tracking devices in our pockets anyway!)

However, Gates and many others are planning for the elimination of cash and the introduction of a digital dollar. It’s true that in the past, the USA took citizens’ gold, replaced it with paper and then revalued gold over 150% higher. This was to protect the government from going broke in 1933, and it worked (but citizens lost 70% of their savings).

There is potential for the government to issue a new digital currency, which can be limited, throttled, taxed, deflated or inflated, instantaneously.

Nancy Pelosi’s 23rd March 2020 “Take Responsibility for Workers and Families Act” included sections on a “digital dollar” and “digital wallets” issued by the Fed. Sweden already has its digital currency, the ‘e-krona’. China has created a digital yuan, which human rights proponents already oppose, as funds could be instantly frozen if someone is suspected of a crime or minor infraction. India is working on digital cash prototypes to rival China.

Visa International filed US patent “US 2020/0151682 A1” which calls for a cashless system, including “the removal of physical currency including the physical destruction of physical currency”. It’s true that Microsoft has a US patent “WO 2020/060606 A1” which proposes implanting a digital chip into the human body so that payments and verifications are easier than with cards, which can potentially be stolen.

Whilst Microsoft’s ‘digital dollar chip’ will not have GPS-tracking capability (it’s not powered like a phone), there is potential to track people’s general geographic location via their spending habits (much like Visa already does), or limit the spending of certain people.

There may be some merit in limiting certain types of shopping, so that convicted felons can buy food and clothing but not purchase guns, but where does it stop? Do we stop cancer survivors from buying cigarettes, or prevent obese people from buying junk food? If the government can literally control your spending, do they think they will always do it “for your own good” or perhaps will they sometimes limit you in ways that best advantage themselves?

China has already experimented with “self-destructing currency”, so that funds must be spent before they expire. This can be useful to give the economy a kick-start during recessionary periods, but what if you don’t like to be told where you can spend your money, and when? What if other countries decide to try the same experiments? Expiring currency could potentially increase expenditure and alleviate recessions even faster than adjusting interest rates, so it’s good for governments, but is it good for you?

Microsoft and Visa already have their patents in the USA. They are positioned to take advantage of the upcoming changes, and profit from them. What about you?

*** This is NOT financial advice 😉 Just speculatin’… ***

There is potential for banks to slash expenses, as there will be less need for printing, guarding, collecting, counting and transporting physical currency. ATM’s could disappear, just as phone booths did. It’s possible that banks could increase profits dramatically.

Investments into cashless solutions such as Visa, Microsoft, Paypal and *some* cryptocurrencies could increase in value exponentially.

We may see major corporations issue their own currencies, such as Amazon dollar, Apple bucks and so on.

In areas where digital currency is less popular, or where internet signal is unstable, some citizens could revert to using gold and silver as payment.

You can google the above patents and do your own research (DYOR) if you wish. Ignore the baseless conspiracy theories, follow the money and see how you could position yourself to take advantage of the proposed changes. (Tinfoil hat not required)

#greatreset #GFC2 #GFC2021 #24hourwealthcoach

Warren Buffett’s warning on banks & bonds, and BRK’s secret crypto play

Warren Buffett, Chairman of Berkshire Hathway and Trustee of Bill and Melinda Gates Foundation (Photo by Ankit Agrawal/Mint via Getty Images)

Investment legend Warren Buffett stated in his 2021 shareholder letter that the future is “bleak” for retirees and fixed income investors. He compared Sept 1981, when retirees could earn 15.8% on deposits, to the c.1% available now.

Admittedly, inflation was higher in the 1980’s, but even allowing for inflation, the net return to investors was a healthy 5.7%.

Today, US 10-year bonds yield 1.4%, and the official (conservative) US inflation rate is 1.4%. Retirees and fixed income investors now receive 0% returns (negative returns, if allowing for taxes or higher inflation).

Publicly available reports indicate that safety nets such as US Social Security funds may run out as early as 2029.

Buffett lamented that some investors seeking higher yields would look to more risky fixed income streams, from higher risk bonds, or overinflated stocks, which could result in large capital losses.

One of Buffett’s largest holdings, Coca-Cola stock, has seen its earnings slashed by 30% in the past decade, whilst at the same time, its debt has tripled.

One would expect Coke’s stock to have dropped by around 30% along with earnings, but the price has doubled to unsustainable levels, and could easily drop by half in the near future. Buying many stocks now could be unacceptable risk for poor returns.

Hinting at some breakouts, Buffett indicated that farms, property and some businesses may do well in future.

Buffett remains bullish on gold, and claims to not like bitcoin, but… Despite decreasing his stake in many large banks, Buffett has increased his ownership in Bank of America Corp (BAC). BAC happens to have almost 100 blockchain patents, more than MasterCard or Paypal, which both allow crypto for their customers.

Hmmmm… is this a sneaky way for Buffett to gain a backdoor investment into crypto, without admitting he was wrong, and without getting his traditional investors offside? We will have to wait and see.

The monster in de-basement part 2

The infamous monster in the basement. Image © Joshua Hoffine

It’s OK: the image of the monster in the basement is supposed to scare you. But it is not supposed to scare you into inaction. If you know the moster is there, you would be better to take some serious weaponry or powertools, not just a flashlight. “Be prepared”, as the boy scouts used to say.

We first warned you of the monster back in October 2020, with some earlier warnings in February 2020 and May 2020. For those who paid attention to the warnings, and took appropriate action, you are most probably in a good position already. Feel free to pass this article onto others.

The COVID19 bogeyman is slowly being wiped out, but the cleanup will take a long time. Stimulus funds and rampant dollar-printing by central banks has seen outcomes which would have seemed incredible just one year ago.

M2 money supply shows that 25% of all US dollars were created in the past year. For every four dollars you used to have, they just printed one more. Guess what will happen to your purchasing power? If money supply has increased by 25%, guess how much the cost of your groceries will rise?

The Federal Reserve continues to add $120 billion per month to its balance sheet. US government spending recently hit $32 Trillion. There is no end in sight to this reckless printing and wanton spending.

After languishing for months, oil, copper, silver and coin have taken off; scarce commodities are now up around 50% in price for the year. Prices for bread have seen Real World Inflation increases of 14.4%; milk is up 6.6%, ground beef is up 5.1% and the cost of a base model bicycle is up over 39%. Have you noticed the prices rising around you? If not, just wait…

The banks are paying neglible (or negative) interest. Ten year US government bonds pay a miniscule 1%, with two year bonds paying 0.11%. Despite a perceived inflation rate over 4-6%, the government only admits that “official” inflation is around 2%. But even with 2% inflation and 1% on earnings, your money is going backwards. That is assuming zero tax, which further erodes your already miniscule (or negative) earnings.

If you have read the previous articles on de-basement, you would know that a government debasing their currency is not a new thing. We saw it 1000 years ago in China, a few centuries ago in England, a hundred years ago in Germany, and several times in the past few decades (Venezuela, Chile, Argentina, Zimbabwe). In the vast majority of cases, anyone who earned, owned or stored paper currency saw their wealth wiped out. Those who earned, owned or stored scarce commodities became wealthier.

Learn the lessons of history and be prepared. Recently we have seen many billionaires and billion-dollar companies putting large chunks of their “cash reserves” into scarce commodities such as gold and bitcoin. The writing is on the wall, and has been for some time. Dollars are dying. Debasement has a monster. If you are earning, holding or hoarding paper dollars, it is time to “get out”.

Pennies from Heaven

(Why I LOVE checking my credit card balance)

These days I check my credit card balance every day; sometimes several times a day. It always makes me smile.

There was a time, many years ago, when I feared the arrival of my credit card statement. It represented, in black and white, my past sins and my future fate. It showed me how much money I had spent, on which frivolous items I had frittered away my earnings, and how I would be penalised. It showed me how much money I did NOT have.

If I did not pay off the card amount in full, interest was accrued on a daily basis, often up to 18% compounding. The figures did not even give the extent of the horrible truth, until banking regulators forced the fine print into existence. Often I would see a line such as “if you pay the minimum monthly balance, this card will be paid off in 37 years…” The financial millstone was worse than a so-called “life sentence”.

Things changed, and with persistence I managed to become free of the burden. Vowing never again to accumulate debt on consumer items which depreciate in value, I have not held a credit card for many years. Until things changed again.

By now, most people have heard of cryptocurrency and the blockchain. It is many things, including a new asset class, an alternative investment, an evolution of the internet, an inalterable record-keeping system and more.

Even if you never invested into cryptocurrencies and do not care what a blockchain does, there are some things you need to know.

In the early days of the internet, not many paid attention. OK, so someone from some university sent a document to another nerd and it only took 60 seconds, instead of 90 seconds for a fax; big deal. It was a few years before more customer adoption and faster speeds meant that people could actually surf the internet ‘for fun’ as well as for academic purposes.

With the first wave of internet mainstream adoption, people began to ask “OK, it’s a faster fax, with pictures. What’s in it for me?” You should be asking the same question of blockchain and crypto.

Nowadays it is hard to imagine the world without the internet. We use it for work, schooling, playing games, watching movies or TV shows, keeping in touch, sharing information and researching the heck out of things. Now that you have it, you would find it difficult, or almost impossible to go back to the old ways. If you had to buy a postage stamp for every email you sent, and wait a week for a response, what do you think would happen?

The important thing to understand is that blockchain and crypto is not just Bitcoin going up by $1000 and down by $5000. Like the internet itself, blockchain is a global connection for not only finance, but insurance, news, music, art and a plethora of other materials. It enables faster speeds of communication and calculation. But, I hear you ask, “I don’t want to buy bitcoin. What’s in it for me?”

Back to the banks. Many traditional bank credit cards have reward systems. For every dollar you spend, you may receive an airline mile or some similar token of non-monetary value. This was all well and good in the year 1 BC (before covid) when you were actually allowed to fly, and no airlines had gone broke.

Those old cards often came with an annual card fee, cash advance fees and other costs, in addition to the exorbitant rate of interest if you did not pay them off in full every month. The banks charged undisciplined cardholders 18% interest, kept a huge profit, paid bank investors 4% and for the most part, everyone was happy.

Until we were not. With new advances in technology, a telco no longer charges you ridiculous long-distance or international call rates; you just use the internet and make a call for peanuts. The internet disrupted telco’s, postal services, video rentals and more. Now the blockchain has come to disrupt the banks.

The CRO rewards card from Crypto.com: this little piece of solid metal card weighs a lot more than a traditional plastic card, and there is good reason. Forget the rewards of flier miles or bonuses which you accumulate and have trouble spending: this card, accepted anywhere Visa is used, pays you cash-back^* in an instant.

This is one of the reasons why I check my balance several times a day and smile. For every purchase, you receive a “*cash-back equivalent” which is paid in cryptocurrency. (I know, you did not want to buy or invest into crypto, but this is free crypto, so it’s better.)

The cash-back rewards can be held on for the longer term growth, or used instantly to purchase other cryptocurrencies such as bitcoin, or even exchanged for free US dollars (Tether).

How much cash do you get back? The majority of Visa card purchases will give you a bonus of 1% or 3% cashback, if you start with the lower-level cards. There is no annual fee, no monthly fee, no ATM fee (free cash withdrawals under $800) and no nasty surprises.

The base level card attracts 1% cash back on all purchases, and is totally free to apply for, with no commitments.

The Ruby level card gives 2% cash back on all purchases, with 100% back on Spotify. This streaming service bonus alone saved me $12 every month. It requires you to invest or ‘stake’ 2500 CRO tokens (worth around $0.10 at time of writing). Whilst looking like a quasi-card-fee, this approximately $300 investment is yours, and will earn up to 16% whilst it sits in your account, until you want it back. Investing around $300 to save $140 per year on streaming is a great deal, plus you get the other cashback rewards.

The Jade Green or Indigo cards give you 3% back on all purchases, with 100% cashback on Netflix and Spotify. This is where you save around $30 per month by not paying for these services. This level requires a staking investment of 25 000 CRO (approx. $2500 at time of writing), but, you will most likely earn this investment back within a few months on streaming service rebates and cashbacks on other purchases. Plus, unlike most card application fees, you can get your stake back, if you ever want to stop getting rewarded.

Using your Crypto.com account, it is also possible to invest into other cryptocurrencies, and even earn interest on a bitcoin deposit, but that is a lesson for another day. For starters, just get the card, do your normal shopping, and get cashback rewards.

There are a couple of higher card levels, which require additional CRO staking and pay additional rewards: up to 8% cashback on all purchases and 10% cashback on AirBnB, plus free airport lounge access and much more. I would suggest that these higher levels may be handy for customers who have corporate cards or those who use their Visa card for business purposes.

If you are new to crypto rewards cards, it may be wise to start with one of the bottom four CRO cards, and upgrade after you have been comfortable using it for a few months.

Just as most internet users do not understand HTTP or Java, blockchain and crypto can seem confusing or weird. You know that you do not need to be a programmer to benefit from social media or email, and you do not need to be a nerd or crypto trader to benefit financially from blockchain technology.

You can apply for a crypto rewards card such as CRO. If you don’t like it after six months, feel free to go back to your old bank where they make you pay for a cheap plastic card and keep 90% of the profits away from you. Personally, I like to carry a metal card and be highly rewarded.

JB

The Monster in “de-basement”

The Killer in De-basement

De-basement is not just the place where Americans store their junk. It’s also silent robbery, a killer of your wealth, and usually sanctioned by your government.

Starting from the day before the pyramids were built (commonly known as Keith Richard’s birthday) around 10 000 BC, gold and silver have been used by humankind as money.

Yes, the Chinese created paper money WAY before it was used in Europe (and the Chinese also led the world in hyperinflation, when the rulers of the Song Dynasty printed too much paper in the 1100’s and collapsed the economy).

Despite occasional paper, fiat or full economic crashes throughout history (more frequently than every century), gold and silver have ruled supreme for millennia. Back when the USA was on the Gold Standard (and the British used silver, hence “pounds sterling”), the economy was stable, predictable and functional.

Paper money could be redeemed for its equivalent value in precious metals without question at any time. As some may be aware, the USA moved from a full gold standard to a partial gold standard after World War Two, and then abandoned the gold-backing altogether in 1971.

Since then, the paper dollar has increased in volume and decreased in value. When someone takes pure precious metal and adds some junk filler, it is called debasement, literally a lowering of the actual value, even though the face value may increase. You feel like you are holding a fortune if you are given a $100 bill, until you try to redeem it for the “eternal money” of precious metal.

One US$100 note would now get you around TWO GRAMS of gold. Back in the Great Depression of 1933, $100 would have gained you around 100 grams of gold. After WW1, in 1919, you could have held 150 grams of gold for the same $100.

As paper money has been debased slowly over time, most people do not notice. It’s a robbery by stealth.

Prior to 1964, the USA minted coins which were solid silver. Was it the silver price rising, or the devaluing of the dollar which made the government start debasing the coins? There is the same amount of silver on planet earth which existed 10 000 years ago, but the amount of paper money just increases exponentially.

In 1965, the USA coins were 90% silver, and went down over time to 40% and then 0% by 1971. A 1964 USA Kennedy silver half dollar (face value $0.50) can easily sell for US$12 or more now, due to its silver content. In Australia, a 1966 silver 50-cent coin (face value $AU0.50) can sell for $AU15 or more, due again to its silver content.

Be warned that if you take the coins to the local bank, they are obliged to only give you the face value (the government agreed value), not the value of the underlying asset. How many people have made the mistake of emptying grandpa’s old piggy bank and being given a tiny fraction of the coin’s actual intrinsic price? Note that it is against the (government) law to melt down your old coins into precious metal, however, it is definitely legal to sell them to collectors, buy them from reputable sources or trade them for goods and services.

As many governments around the world initiate “cash bans” where it is illegal for citizens to hold more than $5000 or $10 000 in ‘cash’, consider that you may be able to legally hold coins of say, 10 000 silver half dollars (face value $5000, but tradeable value of over $150 000.

This could be a useful idea for someone who knows that bank interest rates are barely keeping up with government inflation (another “robbery by stealth”), or anyone who has been watching government bonds in many nations hitting negative rates of return. (It’s true, buy a government bond in many countries for $100 000 and in ten years you will have around $90 000. If hyperinflation kicks in, you’ll need that $90k to buy a loaf of bread in 2030. Not kidding: refer to 1920’s Germany, 2008 Zimbabwe, Venezuela, Argentina and more).

The rules of the investment and wealth game have changed. It’s time to change the way you play. Watch out for the killer in de-basement, and do your own research (DYOR) into scarce commodities such as precious metals and (some, not all) cryptocurrencies. #gold #silver #copper #bitcoin #bostoncoin

Going for Gold with golden stocks

Gold is going up and dollars are going down: there are many ways you can play this game

In times of global or local uncertainty, people may lose their faith in artificial paper currency and return to an asset which has been globally recognised as money for almost 10 000 years. We have seen demand for gold increase when paper currency is in trouble, including in the Chinese Yuan dynasty in the 1200s, in 1920’s Germany, 1933 USA, 2008 Zimbabwe and 2020 “the world”. It is interesting to note that whilst prices for physical gold have risen around 30% in the past year, prices for some gold mining companies may have risen by 100% or more. Gold stocks may climb faster and farther than gold because the companies have expenses which may stay fairly constant when the gold price increases, thus dramatically increasing their profitability. For example, XYZ mining company may have a cost to mine an ounce of gold at $1000. When gold prices were $1100, they made a 10% profit. When gold jumped to $1500 in September 2019, their profit was 50%. As gold closes in on $1800/oz, the company profit may exceed 80%, with expenses staying around the same. A selection of gold miners known as “GOLD BUGS” (Basket of Unhedged Gold Stocks) increased by 50% when gold went up 30%. Individual companies such as Great Southern Mining (ASX GSN) are up 300% in value over the same timeframe. Obviously, some companies may get into trouble or go broke, and you could lose all of your money when your investment is backed by a mining company and not the physical metal. But a return of 300% versus a return of 30% may have you considering that to be an acceptable risk. Do your own research into different companies, and different industries, as some other commodities (eg. silver, copper, platinum) may also be attractive. Do lots of reading, and always speak to a professional before making any investment decisions. To get you started, here are some Aussie mining companies whom you may wish to examine more closely. The list is in no particular order, and we make no recommendations on any of them. Please do your own research and talk to an expert before taking any action. Gold/silver miners on the ASX GSN SPX BGL AMG GNM SVL SVY KWR NWM RXL VMC DEG BRB CHN MOH IGO CVS SLZ RMS AUC CY5 GOR OKR ANL TIE WAF MZZ

 

It’s the economy, stupid!

Do Not Be Fooled: the stock market may be at record highs, BUT the stock market is NOT the economy.

Most people are familiar with the image of a duck, seeming to cruise effortlessly across a lake. Many people do not realise, that, hidden just below the surface, the duck’s little legs are paddling furiously quickly. If the fast and furious feet stop or stumble, the seemingly effortless image of calm would stop or crash.

As at May/June 2020, I see a lot of “Covid-washing” by companies: many are saying they have had to lay off staff or close their businesses “due to the CoronaVirus”; however, this may not be entirely true.

If we examine how many retail stores announced closures in 2019, the vast majority of these occurred before October 2019; long before the virus had been discovered. It was not so much the Covid19 (COrona VIrus Disease 2019) which brought about the unfortunate demise of so many industries, it was a combination of bad management, and COVID08 (Creation Of Virtually Infinite Dollars 2008).

When the GFC1 hit in 2008, central banks responded by bailing out troubled and troublesome banks (which should have been left to fail), and the creation of virtually infinite dollars by a process known as Quantitative Easing (QE).

The QE process of printing trillions of dollars of fiat currency is supposed to be a tool which prevents bank runs, as were witnessed in the Great Depression, with people lining up for days to access their money.

The QE is now used by governments and central banks to purchase stocks and bonds, thus artificially propping up the investment markets. Do not be fooled! The stock market is NOT the economy. The market is the price of a stock, the economy is the underlying earnings of a company.

Historically, stock prices have reflected underlying earnings in a ratio of 12-20 times. This means that a person would pay $100 for a stock which earned $5; which is similar to buying a $100 000 house which rents for $100/week ($5 000 pa) or having a $100 000 term deposit which pays 5%. This rule of thumb has worked for centuries, and when it gets out of alignment, this is when we have massive crashes.

Stock prices and earnings were out of alignment in 1999 (cue the ’99 “Tech Wreck”). They were out of alignment in 2001 (post-9/11 stock crash), and they were definitely out of alignment for the ’87 ‘Black Monday’ crash, and the 2008 GFC.

As I study a lot of historical charts to see patterns which may emerge for the future, I accurately predicted GFC1 back in 2006 in my best-selling book “Who’s Taking Your Money? (and how to get some of it back!)”

I  predicted a 2020 crash as far back as September 2019, starting the hashtag #GFC2 on social media. Anyone who was aware of corporate debt levels and national debt levels, could see that things were beginning to become unsustainable. As the USA soars over 100% debt to GDP ratio, it is a warning sign to anyone who invests into US companies, or has dealings with the USA (this is much of the world).

GFC2 and QE 2020 has seen more cash printed in three months than was printed for the entirety of the GFC1 (2008-2012) and it does not seem to be stopping. Printing more dollars devalues the ones in existence, so we could all soon be millionaires on paper, yet, like Germany in the 1920’s or Zimbabwe in the early ‘noughties, we cannot afford to buy bread.

Job losses which occurred in early 2020 had been coming for a long time throughout 2018-2019 (when retailers blamed softer earnings on “the Amazon effect” and online shopping. Now they are blaming Covid19, when in reality, the fault was poor planning and no future vision.)

The jobs which disappeared in an instant will take many months, if not years, to return. Anyone who has run a startup (I have had 13) will know that in the early days, everything is either done solo, or outsourced to contractors in the gig economy. It is usually a long time before full-time jobs are able to be afforded or created.

I may sound pessimistic, and I wish I had some happier news. However, my past predictions have always come true, as the only lesson we learn from history is that we (especially bankers, economists and politicians) do NOT learn from history.

Despite the past pandemic warnings of Black Plague, Spanish Flu, SARS, MERS, Ebola etc, the world was not prepared for Covid19. Despite QE policy having never worked, central banks keep doing it (the US dollar has lost 93% of its value since its creation only a hundred years ago, as have other world currencies. The British Pound kept its value for over 300 years before they tried QE.)

Many industries will fold up. Millions of jobs will be lost. Companies who have adapted to social distancing will find that, not only can bank ATM’s replace tellers, but screens can replace order takers in fast food drive-through as well as in standard restaurants. Staff in many service industries can work from home and be offered a part-time wage or subcontract position, without the benefits of full-time work such as job security, sick leave, holiday pay and workers compensation.

The outlook for the next few years may be bleak. But to quote the “world’s greatest treasurer” Paul Keating, “This is the recession we had to have.” We had lived far too long overspending and not saving. This is the hangover from when we woke up hungover in 2008 and decided to drink vodka for ten years to make the headache stop.

Anyone who saves 10% of their income will know that one bad month will wipe out a year of savings. A bad year can see you lose a decade of progress.

Yes, the country will recover. The world will recover. Jobs will recover. But it will be a slow decade from 2020 to 2030. Be sure to be flexible, adaptable, take nothing for granted, and definitely have a Plan B.

Are you feeling bearish? There are TWO bearish BetaShares ETFs on the ASX.

These are BEAR and BBOZ. BEAR is inverse (if market goes down 10%, BEAR goes up 10% and vice versa); BBOZ is inverse with leverage

check the BBOZ climb when the ASX 200 fell -37%.

BBOZ went from $8 to $19…a gain of 100+%

BE WARNED —  if the standard market goes up, BEAR will go down and BBOZ will go down significantly. You can lose a lot if you’re wrong.

If you really think ASX is going south, take a ‘B’ position. If you think ASX is going up, buy a standard index. If you are unsure, consider emerging markets (eg. China, Africa etc) or precious metals or crypto 🙂 #gold #silver #bitcoin #bostoncoin
Always have a #planB 🙂
Good luck

• Perf from March 2 to June 2 2020
  Sth Korea Index 9.94%
  Bitcoin 20%
  Gold Miners ETF 38.77%
  SuperLoop 41.56%
  Silver miners 45.28%

Jeremy Britton DFA SA(Fin)
financial planner since 1992. Money Magazine award-winning best-selling author. CFO #BostonCoin, world’s first crypto-ETF BostonTrading.co 

The economy is dying but the markets seem to be living large

The International Monetary Fund predicts 2020 to be the worst downturn since the 1929 Great Depression. 
The Minneapolis Fed says unemployment rates could surge to Great Depression levels.
Barron’s News & Finance said, “perhaps it’s better to think in terms of biblical disasters.”

So why do markets not seem to be pricing this in?

Many people see an upward trend on the stock market and think that the economy is going well (despite the anecdotal evidence of millions of people out of work and thousands of closed shopfronts).

To gauge a clearer picture of stock values, I like to compare them to property and bonds by doing simple division. We divide the price of the asset by the income it is bringing and get an answer to the question: “How many years do I need to hold this to get my money back?”

From the 1970’s through the noughties, US interest rates averaged around 5%, or 5 divided by 100. This meant that if you held a term deposit account, it would take 20 years (5/100) for you to make your money back, just in income. You would also get the capital back (hopefully you would get the capital back, but as we have found out with some bank collapses, this is not 100% guaranteed).

Twenty years is an acceptable timeframe for many investors, as we can foresee that in our lifetimes, and it’s about the time you would be responsible for a child or a mortgage.

To understand why stock prices, property prices and bond prices will fluctuate (in a rational market), we see that sometimes, an investment may pay more than 5% income, making it seem more valuable than cash at the bank.

For example, a bond yielding 6% would see your money return in just 17 years, so we would expect the price of the bond to rise, as it is more desirable than (the 20-year timeframe of) bank interest. If a property was paying 7% rent, your money would return in just 14 years, so we would expect that the increased desirability would cause the price of the property to increase proportionately.

Unfortunately, humans are not always rational, and so our markets are not either. Sometimes, rumours or hype will inflate a particular asset by too much, and it may (briefly) trade at 30, 50, or even 100 or 1000-year timeframes. Such hype is often followed by massive corrections (eg. the “Tech Wreck” of 1999)

Right now, the world is dealing with COVID19 (COrona VIrus Disease 2019), a disease which emerged in 2019 and takes lives and closes businesses. We are also dealing with COVID08 (Creation Of Virtually Infinite Dollars 2008), a disease that started with Quantitative Easing (mindless money printing) measures during 2008’s GFC1, which erodes the wealth of ordinary citizens by inflation.

As the central bank prints another $9 Trillion in unbacked fiat currency, banks and government can use these funds to purchase stocks and bonds, propping up the prices. The problem is, with severely slashed earnings, the stock multiples are way out of historical alignment.

Students of history will know that when banks or governments start to print infinite dollars, hyperinflation follows and the wealth of the working class is wiped out. Germany did it in 1920’s, Zimbabwe did it in the early noughties, and eventually, a Trillion dollar note was not enough to buy a loaf of bread.

Printing infinite dollars has never fixed an economy, ever. Not ever.
In fact, the world’s first fiat currency, the Chinese Yuan dynasty’s Jiaochao suffered hyperinflation from overprinting back in the year 1260.

Whilst central banks concentrate on “big name” stocks that grab headlines (eg. the ‘FAAANG’ stocks or Tesla), it may be possible for investors to find value in smaller labels. Judging by long-term dated bonds or bank deposits, standard bank interest looks to be sub-1% for the next five to ten years. Therefore, any stocks, bonds or properties which yield 3% or over could seem attractive to investors.

If you can manage to find a legitimate asset which has a sustainable yield of 5-6%, be prepared that its price may double when others discover it.

The economy will be in *truly* good shape, when
a) asset prices drop precipitously to levels where current yields return to a more normal 20-30 year timeframe instead of 100 or 1000-years (eyes on Visa, Tesla, Facebook), or
b) earnings dramatically increase so that current prices return to 20-30 ratio rather than 100 or 1000

Most people understand enough math to know that, if you set aside 10% of your income into savings every month, just one bad month will knock out your profits for a year, and one bad year will knock you out for a decade.

We have seen that most companies have either not saved enough, or have paid out too much, and cannot sustain themselves through a bad 2020.

I feel that, after a very bad 2020, it is unlikely that corporate earnings will bounce back dramatically within the next 2-5 years, so my bet is on a fall in asset prices. It’s simple when you think about the math. Far too many people invest on emotion, and that is where they can come unstuck.

Just because I may love the look of a Tesla Roadster, or the allure of a new iPhone, does not mean I should buy their stock. Use your emotions, by all means; but check them against cold hard math. If the ratios are beyond your comfort or comprehension, then perhaps sit this one out.

As this is pressed, legendary stock investor Warren Buffett is holding around US$128 Billion in cash. We all know the earnings on this are under 1%, so perhaps the Oracle of Omaha is stocking up on cash and waiting to buy at much lower multiples than those which are currently available.  This was exactly what he did during GFC1; making over $10 Billion when markets dropped and laid their bargains bare.

For #GFC2, Buffett is sitting on more cash than he ever has in his 70+ year investing history. A patient man, Buffett is “afraid when others are greedy” and “greedy when others are afraid”. Those who wish to invest wisely could emulate the best investor; using prudence and patience in equal measure.

When Bronze beats Gold

There is a time when bronze beats gold… not in the Olympics, but in Economics.

 

Bronze is an alloy made of a few things, with around 80% copper. Copper is an essential component in cars, houses and electronic devices. It is also a harbinger of booms and busts.

 

In economics, it is actually copper which comes first, and tells you where the gold will be.

 

Recently we have seen the stock price of Tesla soaring, as people become more interested in electric vehicles (EV’s). This is great news for those concerned about pollution and peak oil, and there is little doubt that EV’s will make a cleaner, greener world.

 

BUT — Watch out for the copper: a standard fuel car has around 10-20kg of copper wiring. An electric car has more than TRIPLE that amount. So, when people buy more EV’s, copper demand should go up, and copper prices should rise also, right?

 

Smart vehicle forecasters have said that current demand for EV’s will rise from around 3 million now, to around 130 million by 2030. This should be good news for copper.

 

But the car-makers are not economists, nor are they investors. Investors have been dumping copper and pushing the price down. Copper prices have just had their worst fortnight in recorded history.

 

Any copper which will be used in smartphones, electric vehicles and smart houses in 2021-2022 has already been bought by manufacturers. For copper prices to be going down, it seems to indicate that manufacturers are forecasting fewer sales in future, not more.

 

Manufacturers make money when we buy more things. If they are buying less copper and making fewer things, then they must be expecting a downturn. Nobody goes into a growing market with shrinking inventory.

 

If you are not planning to buy a new smartphone, electric vehicle or upgrade to a smart home appliance in the next year or two, then consider that maybe millions of others just like you, are also delaying purchases.

 

What are you waiting for? What would it take to get you to buy more electronic gadgets? A raise, a promotion, a new president or a booming economy?

 

You may be waiting a while. And it seems that manufacturers may know a dirty little secret: the economy may get worse before it gets better.

 

Manufacturers are buying less copper, presumably creating less inventory, and arguably staring at reduced forecast profits and earnings.

 

If the stock in Tesla, Apple, and other makers of electronic gizmos are going to head south sometime in the next few months, it may be well to avoid copper, avoid tech stocks, and accumulate gold: both physical (GOLD, BUGS) and digital (BTC).

 

You could also look at silver: both physical (ETPMAG) and digital (ETH, EOS, ATOM).

 

Remember that 20 years ago, some former “blue-chip” investments headed south very quickly, dropping by half or two-thirds or even more:

 

Performance: 2000–2002

Cisco Systems -89.3%

Apple -81.1%

Microsoft -65.2%

Intel -82.3%

Dell EMC -96.2%

Oracle -84.2%

Merck -58.8%

Boeing -58.6%

IBM -58.8%

Amgen -66.9%

 

Diversify. Do Your Own Research.

Invest wisely. And watch out for the ‘coppers’ 🙂

#gold #silver #copper #bitcoin #ethereum #BostonCoin

 

(Image: Marlen Esparza, USA flyweight bronze medallist)

 

DISCLAIMER: the author may hold positions in physical metals and digital currencies (crypto). Nobody ever said he was impartial, but a few people said he can be clever occasionally 🙂 Do your own research; this is general financial education, not specific financial advice.