Things in my part of the world have been pretty cold lately. I've been talking about it most of the week. We are finally on the back side of a polar vortex, but the effects are still lingering. For most of the week, my office at work has been without adequate heat. Usually that wouldn't be a big deal since I have network electronics in there that don't do well in the heat, but there are always limits and -20 F is definitely one of those limits.
Of course it hasn't been -20 inside, the actual temperature in here is somewhere below 64 F. I got one of these cool Galileo thermometers a long time ago. I've kept it in my office for several years now and usually I don't pay it too much attention. This week has been different. Maintenance has been coming over and manually turning my heat on most days this week. Usually by the end of the day that bottom bubble floats down and we are sitting somewhere around 68 F, but by the next morning it shuts off and we are back below 64 F.
I think it's interesting how imprecise tools like this are. Back in the day, it was the best thing they had, but these days in a world of exact measurements, it's interesting to keep one of these handy. Perhaps if we looked at the markets in a more imprecise way versus exact measurements it wouldn't get to us as much as it does.
It is time again for another Finance Friday/Friday Finance. This is a series I started where I talk about random bits of financial stuff that I have seen, gathered, or experienced during the week. I hope as a reader you find it informational, entertaining, or both. I also hope it can generate some good discussion and edify the community.
Bitcoin is looking pretty good as we gear up for the Lunar New year. This might be a good time for people to take some BTC gains and move them into altcoins. Then again, people might just sit on their hands. It's hard to say at this moment.
I do know there hasn't been a time when I have seen so much positive crypto news hitting the airwaves. The mass media still seems to be trying to spin it in a negative light, but I think people are starting to see through the facade.
CHEX
As always, I think it is important to bring some news about some of my favorite projects. Trust me, it's much easier to do when they are doing well. I saw this post on Twitter the other day from one of the lead people at Chintai:
They have been promising several big announcements by the end of January and I think this is just the first of them. They already have the regulatory approval in Singapore (one of the only RWA projects to accomplish this). It also sounds like they are currently trying to get the necessary approvals in the UAE. If they can accomplish that and this feat in the US, it could give them a head start over many other projects.
With the token sitting at $.54 right now, I think there is still a lot of room to grow. Yes, it is down from the ATH over $.80, but honestly, with the stuff they have in the works, I don't think $10 or higher is unreasonable. Many of the faithful on Twitter seem to agree with me, but we all know they can be a bit delusional right?
Do your own research of course!
SMR
My favorite nuclear power stock has been having a banger of a week. My phone has been popping off all week with alerts that Nuscale Power stock has been climbing higher and higher. It's currently sitting at just shy of $29 per share. That's almost a 3x over the $10 per share that I bought it at. I'm not sad about that. The good news is, if things continue to go the way they have been, I think this stock could go much higher. I'd love to see an easy 10x from my initial investment.
I know that one is probably a long shot, but this is bull season, where dreams come true right?
All kidding aside, I do think nuclear power is going to be a big force in the markets moving forward. Especially with AI and quantum computing growing the way they have been. I'll keep beating this drum all year long.
FSM & KGC
Sadly, my Fortuna Silver Mines stock is not doing quite so well. It's been kicking around the five dollar mark for a while now. It's currently sitting at about $4.47. I only own about five shares, so it isn't a huge loss for me either way, but I still wish it were doing better.
My guess is, since the price of silver isn't moving too much lately, the price of this stock probably won't either.
On the other hand, my Kinross Gold stock is up 1.71% sitting at $10.69 per share. That's not too bad at all. I really don't pay too much attention to these stocks. They are mainly just something I hold and wait to see what is going to happen with them. If I get dividends, cool. If not, It's not a huge loss for me.
I hold all of these in my Robinhood account which is separate from my main investing account.
Wherever you are, I hope the weather and the markets stay warm for you!
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I do hope it warms up soon, that's just too cold!
I'm going to take another peak at CHEX, that is pretty big news. The mining stocks really depend on metal prices, but also how well they are run. Kinross is doing well, and gold is only going to go up. I think silver may have it's turn to this year, but we'll see!
Those small nuclear devices have so much potential. You can create enough energy for neighborhoods with them and they're incredibly safe. They really need to decentralize the power grid to an extent, you can lose power to huge parts of the country from one problem in another state. It there were local power that is reliable and safe it's a no brainer.
I totally agree with you. I can't promise anything with CHEX, but I know a lot of people smarter than me are betting on it. I know some of the local utility companies are working on moving their lines underground to help protect the grid a bit more, but sadly it's only going to happen in more populated areas.
I'm going to look it over later today, there's never a guarantee in crypto. That's the one sure thing about, no guarantees and no take backs if you send it to the wrong address!
The US power grid is still vulnerable to solar storms or EMP, one huge solar storm hitting us just right could send us back to the stone ages in a matter of minutes. It's kind of scary!
Totally scary! Be sure to check out Twitter if you are on there. They post a lot of stuff on there for CHEX. Just ignore the crazies!
We are having 100mph winds today. Last night we had a red alert and got a warning on our mobile phones which was a first.
It is cold but still above freezing. I hope it warms up over there.
Wow, that is nuts!
CHEX is a smaller cap with a higher potential, but I am playing it safe and sticking with ONDO since they have BlackRock and Trump connections
I've heard good things about ONDO for sure. It's often mentioned in the same sentences with CHEX.
CHEX is more risk and more upside than ONDO. It is only 1/5 of the ONDO market cap and even less if you do fully diluted:
