@minenergybiz Apparently it's all fine because they are putting it all in productive capital investments which will yield huge returns as opposed to doing buy-backs. So we can safely keep buying with no price limits!
@TheDefiantGhost Couldn't agree more. I had the fortune to meet him a few weeks ago and he was still super sharp. We're running on pure fairy dust at this point.
I have to say I think it falls a lot more than that. Any capitulation and release of BTC holdings would be catastrophic and nobody would want to hold the stock. It would implode BTC and no sense of fair value would hold until it was all over. So everything hangs on whether he can avoid diluting further. Seen many of these situations, but this is the most extreme in my career,.
Negative sentiment is like a fever - it has to work through the system. However cheap the silver and gold miners are, we got sick because of the excesses of the boom and now the fever has to work through, not quite there yet.
In 1990 it was the moment that the Japanese Imperial Palace was woth more than California. I wonder if this time it will be the moment Elon was worth more than the GDP of Switzerland. Nasdaq is vertical so not long now. This will be my 14th bubble and its the most impressive by a long shot.
@antibearthesis Tempted to say more sellers than buyers. I guess the enormous overhang of liquidity due to appear later in the year which is coming back into focus.
@TedPillows That looks ripe for a breakout if ever I saw one. Look at the volumes at the low and the steady momentum ever since. Very similar to silver before it broke out.
I tend to think you are right and silver looks better than gold and the momentum is more positive. The volumes were also more significant on the recent capitulation, however it could still drift out for a while and complete the flag, before any real rally to top of band or beyond.