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Japan, Tariffs and Insurance

Trades in Whisky and Soda; There are two trades this week, so let’s get straight to it. The Japanese stockmarket peaked relative to the world in 1988, as shown below against the world index. Since then, it has underperformed by 90.5%, as shown in blue. Could it be

The Banks Go On-Chain

💡This issue covers Ethereum (ETH), TRON (TRX), and SuperRare (RARE). ByteFolio Issue 151; It’s a good start to the week, with the Bitcoin price back above the 30- and 200-day moving averages. Better yet, the price has touched the blue 20-day max line for the first time since January.

The Steady Gold Bull

Atlas Pulse Gold Report Issue 103; The world is changing, and strategic investors are dumping the dollar in exchange for gold. In this issue, I revisit the crucial gold sentiment indicators and look at investor behaviour in gold, gold miners and silver. As gold breaks $3,000 for the first

Resetting

Trades in Whisky and Soda; The US Treasury Secretary, Scott Bessent, was interviewed on CNBC to make the point that they are working to avoid a financial crisis that could be the result of massive government spending over the past few years. He said, “We are resetting, and we are

Action Over Words

💡This issue covers World Liberty Finance (WLFI) and TRON (TRX). ByteFolio Issue 150; With continuing noises about the US strategic crypto reserve, it is odd that the price action is so soft. Clearly, the market doesn’t believe it. The entire growth in Bitcoin ETFs since the run-up to Blackrock’

The Double Discount

Trade in Soda; There’s a property trade today, but before I get to that, investors mustn’t forget that President Trump is a property developer at heart who loves large piles of cheap debt. He has little intention of ever repaying it but is keen to reduce its cost.

More Pain to Come?

💡This issue covers Solana (SOL), Near (NEAR) and Tron (TRX). ByteFolio Issue 149; You’d think a US Bitcoin strategic reserve would send the price into the stratosphere, but investors don’t believe it. What’s more, it has even caused infighting among crypto investors as to who shares the

Venture: Portfolio Update

Issue 62; Despite the rotation towards Europe, we are yet to see moves in the UK with small and mid-cap indices. Worst still is the FTSE AIM Index, which continues to slump. It is at the same level as at the March 2020 slump. Since then, the UK has had

US Recession Forecast by Atlanta Fed

Trades in Soda and Whisky; The events over the weekend were quite something. The spat in the Oval Office has brought Europe together, with the UK at the forefront. While I would be an outright critic of Labour’s economic policy, Starmer has certainly stepped up as a leader in

Bitcoin Needs More Investor Flows

💡This issue covers XRP (XRP), Solana (SOL), Cardano (ADA), and TRON (TRX). ByteFolio Issue 148; With Trump in the White House, it’s best not to be short on Bitcoin, as we saw on Sunday. One post on X.com saw a surge in crypto (Ali will cover this in

Venture: High-Tech Steel

Issue 61; The price of steel has started rising while iron ore remains soft. Iron Ore and Hot Rolled Steel Futures I asked Grok (AI on X.com) why iron ore is down, and steel is up. “Iron ore is down due to weak demand, ample supply, and a shift

Bitcoin and Gold Are Counter-Cyclical

ByteTree BOLD Index Monthly Rebalancing Report; Following rebalancing on 28th February 2025, the new target weights for the BOLD Index are 25.5% Bitcoin and 74.5% Gold, a 0.6% increase for Bitcoin over the previous month. The 21Shares ByteTree BOLD ETP (BOLD) invests in Bitcoin and Gold. BOLD

Chaos is the Strategy

Trump’s America is a rollercoaster of chaos, where markets swing wildly between euphoria and panic. One day it's tax cuts fuelling optimism; the next, tariffs sparking inflation fears. Investors are cheering equities but scrambling for gold as uncertainty mounts. Bonds are rallying, the Fed is wavering, and

Gold to the USA, Dollars to Europe

There has been much talk about the gold moving to the USA, but what about the dollars coming the other way? The dollar is down this year, with most of the gains shifting to the most undervalued currencies, notably the Japanese yen and the Swedish krona. This year has seen