Bitcoin has been on a tear lately.
In fact, it's been on a tear for most of 2020 - up nearly 150%.
It's just that the media has only started giving it attention again now that it is closing in on its previous all-time high.
It recently breached the $18,000 mark for the first time since 2017 - rising over 30% in the past month alone.
You shouldn't be surprised by this rally.
I'm... ››› Read more
I feel like I'm in a dream.
In the span of two weeks we've have good news overflow the markets.
We had Joe Biden win the elections. Then a few days later, two vaccines come out to end the Covid-19 pandemic.
And both local and global markets have rallied over 4% in that time.
And when I went to my charts, I saw a commodity that is ready for an 18% rally.
I'm talki... ››› Read more
Have you ever wanted to kick yourself because you sold a stock that just kept going up and up?
It happens to the best of us…
Earlier this year, at Red Hot Penny Shares it happened with DRD Gold.
We bought the stock at 265c in June 2019 and sold it at 1577c in May 2020.
Adding in the dividends we received I was very happy with a 519.62% gain.
A mere 2 months later the stock hi... ››› Read more
Q. "Timon with Joe Biden becoming the next president, what are your thoughts on energy and oil prices?"
A. For a short answer, I have never been more bullish (positive) with oil and the energy sectors.
You see, with the Donald Trump administration there were ongoing trade wars and tension with China over the last four years.
And for this reason, we ke... ››› Read more
Last week was crazy for all sorts of reasons…
Bitcoin hit $16,000 - the highest level since 2018.
The JSE rallied over 7%.
Covid-19 cases spiked in the US and Europe forcing new lockdown measures.
However, the main focus on everybody's mind was the highly anticipated US elections on Tuesday.
Although the election may still be contested (due to Trump's legal challenges), there... ››› Read more
Just one week ago, I was feeling very bearish and down with the markets.
I thought Donald Trump would stay president until 2024. I thought we weren't going to see any signs of a vaccine. And I thought South Africa would head back into lockdown.
Boy was I wrong. And I couldn't be any happier with being wrong.
Before we knew it, there was a massive change of hearts in the markets this we... ››› Read more
Financial advisors hate penny stocks… Fund managers barely ever invest in them.
But if there's one thing that these tiny shares have shown over the years it's that they've got huge upside potential.
In 2020 alone Red Hot Penny Shares reader have banked a 274% gain on Pan African Resources, 519% on DRD Gold and 111% on Quantum Food Holdings…
Most investors can only dream of these kind ... ››› Read more
Q. “Timon you were right about the delay in the voting in the USA, due to the counting of hand mail.
But now the big question is.
What can we expect with the US stock markets, with Joe Biden becoming the next American President?”
A. I did some research on the weekend. When I went to back-test the US stock markets over the last 23 election years, what I found might surprise ... ››› Read more
Humans took thousands of years to understand fire, stone tools and the wheel…
But in the 20th Century, it only took us about 30 years to turn the personal computer and internet into two of the most revolutionary inventions in the modern world.
And over the past 15 years, we've gone from a world where only a handful of people had smartphones and DVD players, to a world where billions own ... ››› Read more
Last week, was a wild ride.
We had a global sell-off in stocks and currencies due to:
• The nail-biting election between Trump & Biden
• Major dollar weakness with the lack of confidence in America
• A resurgence in COVID-19 cases to new highs in Europe and America
And while all hell was breaking loose, the South African rand was on fire.
In fact, last week it broke below ... ››› Read more
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