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drbubb

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  1. ETHE, Ethereum at a Discount. +HIVE, RIOT (Miners)

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    ETHE, HIVE, BITO...  10d:  x, y, z

    ( xchart )

    I bought ETHE in friday, after saying a few days earlier that a Buying Window was coming up.  So what happened on Monday?
        ETHE:  8.74 +0.61, +7.5%
    I hope you got some too

    The second one, HIVE blockchain technologies was even better:
        HIVE:  3.11 +0.24, +8.4%
    If a true bottom is in place, these have more to go.  BITO, the bitcoin etf was also up, but only +3.7%

    ( Americans cannot buy Crypto unless they tick a box on their tax return.  But they can own shares in an Ethereum fund like ETHE, and a bitcoin miner like HIVE, without ticking the box.)

    ETHE, with ATH

    xx

    Provisionally, I have a price target of $16 on ETHE.  That would be another Double.  I might sell HALF there. The ATH was $47

  2. ETHE, Ethereum at a Discount. +HIVE, RIOT (Miners)

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    COMPARE: BITO with: HIVE, CAN, HUT, RIOT...

    HIVE etc. $2.87 /15.29-Bito =18.8%, CAN: 2.42 (15.8%), HUT: 1.74 (11.4%), RIOT: 10.61 (69.4%)

    SX3yfMF.gif

    Best Value Crypto Mining Stocks
      Price ($) Market Capitalization (Market Cap) ($M) 12-Month Trailing P/S Ratio
    Canaan Inc. (CAN) 3.25 557.4 0.6
    Hut 8 Mining Corp. (HUT) 2.03 353.6 2.0
    HIVE Blockchain Technologies Ltd. (HIVE) 4.55 374.2 2.6

    Source: YCharts > https://www.investopedia.com/top-crypto-mining-stocks-5213809

  3. ETHE, Ethereum at a Discount. +HIVE, RIOT (Miners)

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Crypto Miner Hive Blockchain Targets 6 EH/s of Computing Power Funded by Up to $100M Share Sale

    The miner will sell its common shares under an at-the-market (ATM) offering, with investment firms Canaccord Genuity and Stifel acting as agents.

    By Eliza Gkritsi
    AccessTimeIconMay 12, 2023

    Hive Blockchain (HIVE) revealed a plan to roughly double its computing power, or hashrate, to 6 exahash/second (EH/s), in a press release on Friday.

    The miner will fund its growth target through an at-the-market (ATM) sale but did not specify a timeline for the target. Hive said it will increase its hashrate from about 3 EH/s to 4 EH/s by the end of the second quarter with machines it has already purchased.

    Asked about the timeline for the goal, CEO Aydin Kilic said that Hive will provide more details "throughout the year." The firm has focused on procuring mining rigs with the best possible return on investment, he added.

    As the crypto winter that saw many miners struggle, with some filling for bankruptcy, thaws, the industry is setting its eyes on new growth and operational targets.

    The miner will sell up to $100 million common shares under its ATM offering, with Canadian investment firms Canaccord Genuity and Stifel acting as agents. Each exahash of bitcoin (BTC) mining computing power will cost $30 million, so the offering could fund up to 3 EH/s of growth.

    The Canadian miner also said it has purchased 1.26 EH/s of new generation machines. That includes 0.71 EH/s of Bitmain Antminer models while the rest is made up of Hive's custom rigs made with Intel (INTC) semiconductors. Intel discontinued the mining chip series in April.

    > more: https://www.coindesk.com/business/2023/05/12/crypto-miner-hive-blockchain-targets-6-ehs-of-computing-power-funded-with-new-atm-offering/

  4. ETHE, Ethereum at a Discount. +HIVE, RIOT (Miners)

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    PSSdDFZ.png

    HIVE Blockchain: Blood On The Crypto Streets, Is It Time ... to Buy Crypto miners like Hive?

    Seeking Alpha / Apr 14, 2023 — HIVE currently has one income stream, Mining Bitcoin. The Ethereum merger took away the income from mining on that Blockchain. The barrier to ...

    BTC MIners:  2022 A Painful Crypto Winter

    It all began with the Terra Luna (LUNA) collapse, and contagion quickly spread throughout the industry. Some of the largest names were brought down, and many others were mortally wounded.

    BlockFi (private company) is a crypto lender with a sizable mining operation and has filed for bankruptcy; it blamed the FTX (FTT-USD) collapse for its problems. For more on FTX and its problems, see this series of articles.

    BlockFi has an unpaid $275 million debt due from FTX and a further $1 billion in uncollateralized debt to other industry borrowers. $54 million is due from the bankrupt Core Scientific (OTCPK:CORZQ). Core was mining 47 Bitcoins a day, but rising energy costs made this an unprofitable business, and a whole stack of cards came falling down. Core continues to expand its mining operation post-bankruptcy.

    The contagion just kept spreading...

    Which Miner Should We Buy?

    From a technical viewpoint, the three standout candidates are Cipher Mining Inc (CIFR), HIVE Blockchain Technologies Ltd (NASDAQ:HIVE), and Hut 8 Mining Corp. (HUT).

    > https://seekingalpha.com/article/4594140-hive-blockchain-blood-on-crypto-streets-is-it-time-to-buy-miner
     

  5. ETHE, Ethereum at a Discount. +HIVE, RIOT (Miners)

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    GBTC / Grayscale Bitcoin Trust (FUND)

    GBTC-etc. Nov'22: $14.26 /Bito-15.29=93.3%.  Ethe-8.13=53.2%. Disc=-40.6% nav. $23.96 /26.5k= 90.5%)

    Bp9atzW.gif

    OLD:

    Hx07gAL.gif

    GBTC-etc, from May'21 :

    IFQl9E0.gif

    GBTC Discount Narrows to Lowest Level Since November ...

     
    Coin Desk / Mar 7, 2023 — The Grayscale Bitcoin Trust (GBTC) discount to net asset value (NAV) has narrowed to below 35%, its lowest point since Nov.
     

    GBTC approval could return a ‘couple billion dollars’ to investors: Grayscale CEO

    Grayscale Investments’ boss, Michael Sonnenshein, said that if GBTC got the green light to “convert” to a spot Bitcoin ETF, there would “no longer” be a discount or a premium amid ongoing legal action against the SEC.

    He said there is a “couple billion dollars” of capital that would immediately go back into investors’ pockets, on an “overnight basis,” if GBTC was approved as a spot Bitcoin ETF, as the fund would “bleed back” up to its net asset value (NAV).

    Sonnenshein explained that this is due to GBTC currently trading at a discount to its NAV, but if it were to convert to an ETF, there would “no longer” be a discount or a premium; there would be an “arbitraged mechanism” embedded.

    He reiterated that Grayscale is in the process of “suing the SEC now,” and could have a decision challenging the SEC’s denial of its initial application by as early as “fall 2023.”

    He also noted that Grayscale has over a “million investor accounts,” with investors worldwide counting on the firm to “do the right thing for them.”

  6. ETHE, Ethereum at a Discount. +HIVE, RIOT (Miners)

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    BACK IN!  Bought ETHE and HIVE, to re-gain some Crypto Exposure

    ETHE, HIVE, since Jun'22: Jun'21:  Ethe: $8.13, Hive: $2.87, Bito: 15.29, BTC: 26,850 (1,756x)

    9Y0cHor.gif

    Ratio: ETHE-to BITO = 53.2% . Disc to NAV: -53.2%

    uO0znn5.png

    Ratio: HIVE-to BITO = 19% = $2.87 /15.29 = 0.1877

    8xpOJIw.png

    HIVE’s BTC production
    ===: 2022: 2023: Hash: /exa:
    Jan :   264 : 260 : 2.68 : 110b :
    Feb :   244 : 250 : 2.75 :  91.b :
    Mar :   279 : 282 : 3.36 :  91.b.:
     Q.1 :   787 :  792 :  === :  === :
     Q.1 :   787 : 792 :  === :  === :
    Apr. :   269 : 273 : 3.38 :  81 b.:
    May:   273 :  302 :
    Jun :   279 :  259 :  3.38 : 77 b.:
     Q.2 :   821 :  834 :  === : === :
     1 H : 1608: 1627 :
    July:   280 :  263 :  3.46 : 76 b.:
    Aug :  290 :   ??? :  3.67
    Sep :  269 :  270. :  3.83 : 70.5 b.
     Q.3 : 839 : - -  v
    Oct :  307 :
    Nov :  264 :
    Dec :  214  :
     Q.4 :  785 : - - v
    Yr.  : 3232:        
    /mo.:  269 : 270E: Last: High
    ==== Ye’21 Ye’22 5/12: H’23: H’22:
    YrE,k. 2.64 : 1.44 : 2.83: 4.10: 26.8:
    ShOS: 80.0: 82.7 : 82.7: 82.7: 80.0:
    MCap: 211. : 119. : 234.: 339.: 2144
    BTC : 46.3 : 16.5 : 26.8 : 31.0: 62.0:
    #b,K : 4.6k : 7.2k : 8.7k : 10.9k 34.6k
    Mos.: 16.9 : 26.7: 32.2 : 40.5 : 128.:
    Hodl: 1800: 2372:
    Net. : 2800: 4828:
    Mos.:  10.4 :  17.9 :

    At the beginning of 2023, you could BUY Hive at only 26.7 months of production,

    At the Year High, when HIVE was $4.10, it was up to 40.5 months of production.

  7. Philippine REITS & Div. Yields

    in Makati Prime.com's Philippines Forum

    Posted

    Yield.Curve : 2yr: 4.268%, 10yr: 3.692%, 30yr: 3.948%  at 5.19

    liMqZMx.gif

    OLD: 2yr: 3.9957%, 10yr: 3.463%, 30yr: 3.777%       

    f6LvmLG.gif

    REIT Dashboard, 5.12
    4stk Areit: Mreit:  RCR :  Filrt
    === 34.00: 14.70: P5.89: 5.21:
    Div.  P1.98 : .977 :  .389 : .363:
    Yld: 5.82%:6.65%: 6.60%:6.97%
    4Ave.= 6.51%,  6Ave.=6.88%
    Ph10yr 5.88%, 5yr: 5.82%

    18XOMBb.gif

    Yield Curve: 2yr vs. 10yr, 30yr, ... update: 10d: 30y: 3.878 -2y: 5.037 = -1.159%

    wNMUUEH.gif

  9. INFLATION, CRB, Oil Cycle and Rates

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Slowing prices rises have set up TLT/ Bonds for a breakout over $109... :$105.15 +1.10 (tmf $8.49)

    IQGthCE.gif

    xqT9lKI.png

    Latest: PPI near 0.2% replaces > 1.0%

    PPI:

    "The producer price index, which measures the cost of of goods and other items for companies, gained 2.3% year over year in April, a tick below estimates and below March’s 2.7% gain. That, on its own, is a positive signal. With lower cost increases, companies are less incentivized to lift selling prices.

    “The PPI numbers solidly confirmed that inflation is in the rear-view mirror,” wrote Peter Essele, head of portfolio management for Commonwealth Financial Network."

  10. INFLATION, CRB, Oil Cycle and Rates

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    CPI Inflation Eased... 5.0% > 4.9%, but under the surface is more encouraging...

    DIJiBRY.png: IxRwbjn.png

    April’s increase was driven by housing costs, which economists expect to cool in the coming months. Gasoline and used-car prices also rose last month.

    Wednesday’s report makes it easier for the Fed to pause rate increases because it showed price pressures aren’t worsening and might soon be slowing. The Fed has aggressively raised rates for more than a year to try to tame inflation by slowing economic activity. The central bank is looking to see signs of inflation declining toward its 2% target.

    LOOK at the Chart on the Right above...

    When the High JUNE figure (+1.19% in one month) comes off the board, ie. is not included in 12 months numbers, the Yearly inflation numbers should show a big improvement.  We are are already in a downwards shift for Raw commodity prices, but there is a LAG factor going into consumer CPI numbers. Now I can see more clearly where that is.

    > https://www.wsj.com/articles/us-inflation-april-2023-consumer-price-index-48f0eac5?mod=djemalertNEWS

  11. METAverse: FB's Top in Place? New Home for Lefties

    in NEWS Commentary, 2021 & Beyond

    Posted

    I SAW IT COMING !  In fact, it was Obvious!

    6pS0rbX.gif

    RIP, Zuckerberg just killed the Metaverse….

    An obituary for the latest fad to join the tech graveyard

    The Metaverse, the once-buzzy technology that promised to allow users to hang out awkwardly in a disorientating video-game-like world, has died after being abandoned by the business world. It was three years old.

    The capital-M Metaverse, a descendant of the 1982 movie "Tron" and the 2003 video game "Second Life," was born in 2021 when Facebook founder Mark Zuckerberg changed the name of his trillion-dollar company to Meta. After a much-heralded debut, the Metaverse became the obsession of the tech world and a quick hack to win over Wall Street investors. The hype could not save the Metaverse, however, and a lack of coherent vision for the product ultimately led to its decline.   

    . . .

    The Metaverse also suffered from an acute identity crisis. A functional business proposition requires a few things to thrive and grow: a clear use case, a target audience, and the willingness of customers to adopt the product. Zuckerberg waxed poetic about the Metaverse as "a vision that spans many companies'' and "the successor to the mobile internet," but he failed to articulate the basic business problems that the Metaverse would address.

    A brutal downfall

    In spite of all this hype, the Metaverse did not lead a healthy life. Every single business idea or rosy market projection was built on the vague promises of a single CEO. And when people were actually offered the opportunity to try it out, nobody actually used the Metaverse.

    Decentraland, the most well-funded, decentralized, crypto-based Metaverse product (effectively a wonky online world you can "walk" around), only had around 38 daily active users in its "$1.3 billion ecosystem." Decentraland would dispute this number, claiming that it had 8,000 daily active users — but that's still only a fraction of the number of people playing large online games like "Fortnite." Meta's much-heralded efforts similarly struggled: By October 2022, Mashable reported that Horizon Worlds had less than 200,000 monthly active users — dramatically short of the 500,000 target Meta had set for the end of 2022.

    Did anyone learn their lesson?

    While the idea of virtual worlds or collective online experiences may live on in some form, the Capital-M Metaverse is dead. It was preceded in death by a long line of tech fads like Web3 and Google Glass. It is survived by newfangled ideas like the aforementioned generative AI and the self-driving car. Despite this long lineage of disappointment, let's be clear: The death of the Metaverse should be remembered as arguably one of the most historic failures in tech history.

    I do not believe that Mark Zuckerberg ever had any real interest in "the Metaverse," because he never seemed to define it beyond a slightly tweaked Facebook with avatars and cumbersome hardware. It was the means to an increased share price, rather than any real vision for the future of human interaction.

    > https://www.yahoo.com/lifestyle/rip-metaverse-hardly-knew-ye-180200002.html

  13. Major Gold Miners: GDX, GOLD, NEM vs UGL

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Kinross posts higher net earnings for Q1 as gold production up 23% y-o-y

    (Kitco News) - Major gold producer Kinross Gold (TSX: K) (NYSE: KGC) announced on Tuesday that the company produced 466,022 Au eq. oz. in Q1 2023 from continuing operations, up 23% compared with 378,421 Au eq. oz. in Q1 2022.

    The company explained that the increase in production was primarily attributable to the ramp up of production at La Coipa and higher production at Paracatu, Round Mountain and Fort Knox.

    Production cost of sales from continuing operations per Au eq. oz. sold was $987 for the quarter, compared with $972 in Q1 2022, primarily due to higher costs at the company’s Nevada operations, largely offset by increased production.

    Kinross added that during the first quarter, revenue from continuing operations increased to $929.3 million, up 33% compared with $700.9 million during Q1 2022, primarily due to an increase in gold equivalent ounces sold and an increase in average realized gold price.

    The company also reported net earnings from continuing operations of $90.2 million, or $0.07 per share for Q1 2023, compared with reported net earnings of $81.3 million, or $0.06 per share, for Q1 2022.

    “The increase in reported net earnings was mainly due to the increase in margins,” Kinross said.

    According to a news release, as part of its continuing quarterly dividend program, the company declared a dividend of $0.03 per common share payable on June 15, 2023, to shareholders of record as of June 1, 2023.

    “Our portfolio of operations is well positioned and on track to deliver our annual production and cost guidance,” the company noted.

  18. AyalaLand : Long Cycles and Buying windows

    in Makati Prime.com's Philippines Forum

    Posted

    The Classic "18 Year Cycle" in Property is:  14 years Up, followed by 3-5 years down. 

    Here's how this looks in ALI stock, as a benchmark.  CHI is overlaid, since it helps to clarify the timing...

    lqwRCuW.gif

    Personally, I don't think we have just seen THE Bottom.  But we may get a decent rally into mid-year followed by a lower low next year.  Since 2019, I have been targeting end 2024 as The Bottom of the Long Cycle, and I see no reason to change that timing call

    Add on: MEG: 2.01, 7.12%, FLI: 0.79, 2.80% / ALI: 28.25

    tG0QMeB.gif

  19. AyalaLand : Long Cycles and Buying windows

    in Makati Prime.com's Philippines Forum

    Posted

    GAME ON AGAIN?   Has the latest Rally in Property Developers stock just begun

    Last two runs (June: +35%, and Oct.: +50%) brought nice rallies in ALI stock

    If this one hits the Average (+42%) of those two, it will bring ALI to P 37.

    ALI Rallies
    July 22.25 > 30.00 : +35%
    Oct. 22.30 > 33.50 : +50%
    Now 26.00 > 37.00 : +42%... +35-50%: 35.00-39.00

    Property Developers / ALI-etc ... from 2.15.22: Ytd: 10d:  28.25 / Psei-6,686 = 0.42%

    P2RGO6e.gif

    Falling PHL. interest rates (10yr > 6.0%), and rising earnings will help

    ALI - Great Q1- earnings just announced, +42%

    ALI net income jumps 42% to P4.5B in Q1

    Real estate giant Ayala Land, Inc. (ALI) delivered solid growth in the first quarter of the year with consolidated net income jumping 42 percent to P4. 5 billion as revenues rose 26 percent to P30. 9 billion.

    Residential sales to local buyers jumped 13 percent in the first quarter, accounting for 68 percent of total sales. Sales to overseas Filipinos were almost the same as last year, while sales to other nationalities surged 61 percent.

    > https://manilastandard.net/business/314328010/ayala-lands-q1-profit-climbed-42-to-p4-5b.html

    MEG-etc... from 2018:

    cGvDxxr.gif

    ===

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