51 days ago
I shall be writing to the FCA shortly but today’s announcement from Hamak Strategy (HAMA) beggars belief. Quite clearly its proposed #35m double death spiral funding will trigger a change of business, an RTO, and thus it needs to get a prospectus approved by the FCA to go ahead. I have offered the company’s advisors a chance to comment but they appear to have declined. Let me explain the problem.
51 days ago
On 25 September Hamak Strategy (HAMA) CEO Nick Thurlow told mug punters in an investor meeting that his company was fully funded for 12 months. With negative net current assets that was clearly disingenuous, either Hamak had to sell some of its 20 bitcoin or it needed to issue shares. Today it has announced not one but two death spirals! Confetti ahoy!
52 days ago
I ponder what sort of investor bought bitcoin in treasury stocks as the bitcoin price slumps again. The stench of Gavin Burnell of Globo infamy surrounds B Hold (HODL), I also look at Smarter Web (SWC), now almost 90% off peak ramp and London Bitcoin Company (BTC) as it faces a fiat crisis.Then Predator Oil & Gas (PRD), Hemogenyx (HEMO) and Marechale Capital (MAC)
52 days ago
The lack of fiat at Hamak Strategy (HAMA) means that it urgently needs to either start selling its pile of bitcoin or do a fund raise, either straight equity or death spiral CULS. Either way it won’t be pretty for its share price. But a bitcoin sale would expose what a farce its value addition via shitcoin treasury strategy is. Do the maths stupid!
56 days ago
Fellow old dinosaur T is in contact by email stating “ I'm an old and very simple man Tom, excuse me…
57 days ago
The grifter Andrew Webley and his overpaid limp dick colleagues at The Smarter Web Company (SWC) may dismiss the warnings of old TW, aka THAT MAN, as much as they wish but the shares have plunged from 660p on June 23 to just 85p today. But guess what? They are still overvalued.
58 days ago
As discussed in bearcast yesterday, I have now both started the process of making 7 llbs of green tomato chutney as well as writing to the FCA asking it to investigate Hamak Strategy (HAMA) which has clearly mislead investors in the presentation you can see below. The letter is clear, Hamak is misleading its investors and needs to be made to come clean…
59 days ago
It will not be much consolation for those who paid up to 81p at peak ramp in June to see Coinsilium (COIN) shares getting a bitcoin bump back to 6.2p helped by the usual spivy ramping. But have folks done the actual maths?
62 days ago
As of Wednesday next week you will all be able to gain exposure to bitcoin by buying bitcoin CLNs. You pay NAV and the management fees are trivial so only very marginally erode NAV. And that makes shares in companies with loss making core businesses trading at a premium or multiple of NAV for the insane only, a point I made HERE on Friday. The Smarter Web Company (SWC) was asked by a reader for a response and…
63 days ago
In 5 days time folks will be allowed by the FCA to buy bitcoin ETFs paying NAV and that means there is no reason at all to pay a premium to NAV to but shares in bitcoin in treasury companies. The game is almost up! One CEO shows real candour and notes:
65 days ago
This website exposed numerous crimes from the ancien regime at Truspine (TSP) but although the company was a busted flush we had hopes that under new leadership from my pal Geoff Miller, founder of the LinkedIn West Ham United supporters group, there might be some hope. Today the shares have been suspended.
67 days ago
The grifter Andrew Webley thinks that he might bolster the, inflated, share price of The Smarter Web Company (SWC) with a spot of M&A. He reckons that using his paper, still defying gravity and trading at a monster premium to NAV he can buy peers trading at a discount to NAV. But my good friend the Euroloon Jonathan Price has sent me over the article below suggesting that this strategy may, like our mutually beloved West Ham, be doomed. It reads:
70 days ago
During the past 24 hours the price of a range of cryptocurrencies including bitcoin and Ethereum has tumbled sharply. Bitcoin itself is now back below $110,000 having been $125,000 just a couple of weeks ago. Yet folks like my pal Dominic Frisby still insist that it is a store of value when compared to fiat. Can the bulls explain one thing to a silly old dinosaur like myself?
71 days ago
Does anybody care about the rules any more? The FRC will not look at interims. Advisor Peterhouse will say tat “Directors take responsibility” so its clients breaking the rules is not any of its business. And directors clearly don’t give a FF. as for AQSE Regulation.. it makes the Oxymorons at AIM Regulation look like razor sharp teethed bloodhounds.
73 days ago
I know that my pal Dominic Frisby whose latest video below is a funny take on the weakness of fiat, regards bitcoin as the way forward. But am I alone in finding the dark purposes it is used for, the vast amounts of power crypto sucks up and the sheer scale of the frauds and bezzles in the industry a tad off putting? In the end I am sure that Gresham’s Law will do for crypto. Pro tem $63 million of crypto believer’s fiat has gone up in smoke with yet another fraud
78 days ago
I start with more comical incompetence from our Government, then my annual health MOT, then a death spiral to smash bitcoin and finally pets at Home (PETS)
78 days ago
The old rogue has blocked me on X so that I cannot respond to his stream of preposterous tweets. This one catches my eye and is a damning indictment of what David Lenigas is up to. Dated 16 September, the great man tweets:
79 days ago
I start with a question prompted by my long essay on my personal website earlier. Then look at bitcoin in treasury companies, bitcoin to infinity theories and the upcoming IPO and WRAP Retail Offer in B Hodl. Then the antics of Adrian Crucefix
81 days ago
I am gobsmacked by how all parties are reacting. The only unknown is how the FCA will react to clear lying and accountancy high jinks. It is bitcoin so maybe anything goes? I hope not.
82 days ago
I haven’t written about Amazing AI (AAI) which hyperbolically describes itself as “a global fintech group specialising in online consumer loans and AI finance related services” since June 2025 when it announced its pivot to being a Bitcoin Treasury play.
83 days ago
The ball is now in the FCA's court. I explain how Satsuma (SATS) could be insolvent by October 1, the whole bubble could blow up.
91 days ago
So it is not only folks living in Montana log cabins and existing on a diet of baked beans while ensuring they are fully stocked up with ammo, books by Ayn Rand and Ron Paul DVDs who reckon that gold is heading to $4,000. While Dominic Frisby is sidling up to yet another young lady in a trendy London Bar to ask her if she knows how many bitcoin he owns…
95 days ago
I discuss the surging gold price, Greatland GGP), Ariana (AAU), Kefi Gold & Copper (KEFI), Golden Prospect (GPM), Amaroq (AMRQ) and La Horlick's shitco Hamak (HAMA)
95 days ago
The grifter Andrew Webley is panicking. Shares in The Smarter Web Company (SWC) continue to fall on an almost daily basis despite the prayers of the Reverend Andrew Carter and the manic tweeting of the grifter himself. A few weeks ago he announced an “upgrade” of auditor. Ching ching. That will add to the cost base.
99 days ago
Technical analyst Michael Oliver argues that the US stock market is approaching a major top, characterized by a “broadening top” pattern that suggests an impending decline. He believes the market’s upside is not to be trusted, with technical momentum indicators showing weakness in major indexes like the S&P and NASDAQ. He argues that the current market represents a bubble, particularly in US markets, with an unprecedented 15-year bull run and a 19-20 fold increase in the NASDAQ 100.
105 days ago
Scouse whinger Doc Holliday will be on the phone or email within minutes of this article appearing saying that he still cannot afford a few quid a month to read my articles but he’s convinced that I am being beastly about ECR Minerals (ECR) where his all too brief boardroom spell is over but he still has shares. For once he’s right.
106 days ago
I have always been a fan of Malcolm Palle viewing him, no sniggering at the back, as one of the more honest chaps around. But I am afraid to say that he is today dissembling like a scumbag. Just because his Coinsilium (COIN) company is now a bitcoin in treasury spoof, that does not force him to be a scumbag. It is his choice.
106 days ago
Analyst Florian Grummes has some ambitious targets for gold, silver and bitcoin.
108 days ago
I start with someone's cunning plan to cause me problems which has been foiled. Then to the 30 year gilt yield and what it means, then what, with hindsight, will be seen as what cracks the bitcoin in treasury bubble and I cover a few names notably London Bitcoin Company (BTC) and Vaultz Capital (V3TC) and finally to the woes of the fraudsters' buddies at First Class Metals (FCM).
109 days ago
It was 1994 and his client was an AIM fraud called Proteus International. I discuss the incident and its unintended conseqences. Then a follow up on bitcoin in treasury stocks and a tweeter who had not listened to my first podcast today and misunderstands me. Finally Wishbone Gold (WSBN) and La Horlck's Hamak Gold (HAMA)
109 days ago
I discuss bitcoin prices and how and why this bubble is deflating and could bust. I discuss Smarter Web (SWC), Consilium (COIN), now 95% down in 10 weeks, London Bitcoin Company (BTC), Bluebird (BMV) and Satsuma (SATS)
112 days ago
In today's second bearcast I look at gold vs bitcoin vs shares in an inflationary and AI world, at Skinbiotherapeutics (SBTX) and three of my critics and what they say, at Oracle Power (ORCP), Hemogenyx (HEMO) and Georgina Energy (GEX) and the Fat Lady.
112 days ago
If investment manager Lawrence Lepard is right about bitcoin, then shares in companes like the grifter Andrew Webley's Smarter Web Company (SWC) would probably still be trading at a premium to NAV and be overvalued!
114 days ago
You may remember that I bought, and flagged up to you that I’d bought and why, shares in Wishbone Gold (WSBN) at 0.135p and 0.15p. It was a dirty trade given its history of fecking everything up and that it was run by Australia’s own Chuckle brothers (they always laugh all the way to their banks) Richard Poulden and David Lenigas. I sold at 0.7p and flagged up that you really should bail too. The shares are now 0.35p.
115 days ago
Analyst Mike McGlone of Bloomberg Intelligence is a bearish but sensible fellow.
120 days ago
I start with our most useless chancellor since Gordon Brown and today's base rate cut. Then I give you two email addresses you may care to use if you are an Optibiotix (OPTI) shareholder before I look at news from ECR Minerals (ECR) and Satsuma (SATS).
121 days ago
Satsuma Technology (SATS) the bitcoin in treasury operation chaired by Matt Lodge, formerly an expert if fighting global warming by growing seaweed, set out to raise a minimum of £100 million in loan notes convertible at 1p but has raised a monstrous £163.66 million. This can only end in tears
123 days ago
I am not endorng bitcoin outfit Coinbase in any way shape or form. But its latest video advert about Britain today is bang on the fiat. Enjoy.
123 days ago
The penny share grifter Andrew Webley is at it again, another day another issue of overpriced confetti by The Smarter Web Company (SWC). Those who paid 660p less than six weeks ago for their shares will need to order yet another tube of KY Jelly with news of an £8.1 million, gross, placing and subscription at just 2.05p. Ouch!
130 days ago
You think bitcoin in treasury makes sense? You are wowed by new fangled valuation metrics pushed by grifters like Andrew Webley of The Smarter Web Company (SWC), you cannot go to enough Group Think mutual masturbation sessions with Peterhouse, Hill Dickinson and Coinsilium (COIN). Step outside of the bubble for an instant and enjoy a very impressive video from commentator Patrick Boyle and, without resorting to abuse, tell me why he is wrong.
130 days ago
Mr Market doesn’t always price investments reflecting their true fair value and thus we see Bitcoin in Treasury companies trading at multiples of their underlying net asset value of cash and bitcoin holdings even though Bitcoin is very easy asset to value where no judgement is required.
131 days ago
Strategy (MSTR) is the big daddy of bitcoin in treasury companies and its success is seen, by believers, as proof that The Smarter Web Company (SWC) can go only one way. But even Strategy trades at less than 2 times NAV whereas the Smarter Web company, at 217.5p, trades at more than five times fully diluted NAV. So, if one accepts that Strategy is cheap, which I am not sure I do, then that does not make Smarter Web anything but expensive. But what if Strategy shares were to puke? Could that happen?
132 days ago
I discuss Bidstack, bitcoin, bubble and my new pal Sheryl, sadly not Cheryl. I then express y doubts as to whether Nigel Farage really would stop the terminal decline of Britain.
132 days ago
Having survived a wildlife diversity scare I arrived back at the Greek Hovel last night to answer emails and then to deal with a bonkers twitter barrage from what appear to be promoters of bitcoin and bitcoin in treasury investments, that is say industry professionals.
133 days ago
I discuss the worrying way bitcoin and other cryptos are tumbling and what that means for shitcoin in treasury constructs like Smarter Web Company (SWC). I look at three gold companies: Wishbone (WSBN), Serabi (SRB) and Amaroq (AMRQ) and I have had a small bet on the next PM, the odds out there are interesting.
137 days ago
I discuss Sharestock where i am holding a seat for Mick so there are really only NINE tickets left so BOOK NOW HERE. Then Predator Oil & Gas (PRD) a placing and a monster lie from a team of scumbags, Skinbiotherapeutics (SBTX) and what AIM Rules actually say and London Bitcoin Company (BTC) and Argo Blockchain (ARB) and how bitcoin miners are still burning cash despite record bitcoin prces and why Argo is just a monumental sell.
137 days ago
And it is not good news unless you are, like me, a bear! Today the David Lenigas bitcoin spoof London Bitcoin Company (BTC), formerly Vinanz announced that it had spent $2.48 million buying another 20.94 bitcoin. Look at the exact numbers carefully.
137 days ago
Yes I know the bitcoin price has moved up sharply, Dominic Frisby reminds us of this about seven times a day. And that is why morons are putting 2 and 2 together and making 57 so buying shares in Argo Blockchain (ARB). They are quite literally mad to be doing so. At 3.55p the market cap is c £25 million but Argo has already told you quite explicitly that the shares are almost worthless. If you can short this, it is free money.
137 days ago
David Hunter is a contrarian macro strategist with 52 years of experience. Hunter provides a comprehensive outlook on the current market and economic landscape. He believes the markets are in the final period of a 43-year secular bull market. ee are heading for afinal top in gold, bitcoin, shares everything...then disaster. All is explained in the latest podcast from Palisade Capital
138 days ago
Will Rachel from Customer Services sell the UK's five billion quid's worth of bitcoin. I discuss. And I have had another thought about Skinbiotherapeutics (SBTX). If anyone is still speaking to the bearded poltroon maybe they can clarify. Finally, as things stand there will be 90 folks plus a Welsh choir on the lawn at ShareStock on 6 September. If you want one of the last ten seats please book HERE
140 days ago
Having almost entirely wiped out shareholders with its first RTO as a SPAC, Electric Guitar (ELEG) and its advisors, Allenby of NightCap and Chill Brands infamy, are at it again, announcing that it has provisionally agreed another RTO. They really are taking the piss.
140 days ago
Another day and another bookbuild from The Smarter Web Company (SWC)sees it raising another £17,543,942 gross at 295p, call it £16.5 million net after fees and commission for Tennyson, Peterhouse and others with urgent bills from the Ukrainian Young Ladies and Colombian import merchants to pay. So suckers will pay 295p for a fully diluted NAV of, say, 38p. Guess how that works out in the long run! Following the issue the new maths at a $118,545 bitcoin price are:
142 days ago
I have written to the FCA asking it to investigate The Smarter Web Company (SWC) and its CEO the penny share grifter Andrew Webley for publishing a research report, a financial promotion, which it is not regulated to do and which is grotesquely misleading
143 days ago
I am not surprised that punters with warrants mainly at 1p but also at 6p have been exercising in droves as announced today. With the shares at almost 10p but worth a maximum of 1p but perhaps as little as 0.1p depending on whether the current 100 million quid funding round at 1p succeeds, folks would be mad not to exercise warrants and sell. Equally anyone buying the shares at almost 10p is also mad. Today there is another howling corporate governance stinker.
146 days ago
The crowd at the Prague bitcoin convention seem a humourless bunch, not laughing at Dominic Frisby's jokes. His talk was thought provoking. Enjoy.
147 days ago
Its valuation is bonkers and as revealed earlier, its accounts are iffy. But is Tao Alpha (SATS) about to lose its best known backer?
147 days ago
I supposed if you are advised by the morally bankrupt, journalist smearing PR mothers at Yellow Jersey you have some excuse for putting out such a daft release. But even so, the patsy for the Bixby/Edwards gang at Sundae Bar (SBAR), CEO Jill Kenny must take her shareholders for fools. In that, at least, she is, right.
149 days ago
Another day and another bit of nonsense from Tao Alpha (SATS), the bitcoin in treasury come AI spoof shortly to be renamed Satsuma and which, at 10.1p is now capitalised at a fully diluted £1.3 billion. On a fully dilulted basis it would sit on cash and shitcoin of c£100 million.
151 days ago
The drawdown facility arranged by spiv broker Tennyson has now raised an additional £22.9 million for The Smarter Web Company (SWC) via the issue of 7 million shares at 327p. Now another 14 million are on offer: roll up, roll up financial masochists everywhere.
151 days ago
The shares are racing ahead today on news that a new bitcoin spoofer has joined the board as a NED. Henry Elder may be a jolly fine chap but shares in Tao Alpha (SATS) soon to be renamed Satsuma Technology, are now almost 10p. This is insane.
154 days ago
Vaultz Capital (V3TC) was until recently Helium Ventures but then the Helium bubble burst. Bad money, see Georgina Energy (GEX), always drives out good. Vaultz at 22.25p, is capitalized at £26 million. You could not make this stuff up.
155 days ago
The old shyster from the country where 1/3 of folks are descended from petty criminals does not like being called out. I am mortified.
159 days ago
Paul Scott pleaded for this article from his blog to get a wider audience, begging "Please share widely". I'm happy to help the old soak. The thirsty one writes...
160 days ago
I start with an event 24 years ago tomorrow which drives my hatred of, mainly Labour, MPs. Then price targets for bitcoin in treasury stocks if the bubble has burst. Again I look back to 2001.
161 days ago
If I had a tenner for every ramptastic tweet that David Lenigas has posted over the years my yacht would be parked next to his gin palace in Monaco. Natch, no shareholders in all the crap he has promoted are parked up in the marina. Right now he is tweeting like a dervish in support of Vinanz (BTC) his ludicrously overvalued cash guzzling bitcoin miner which now owns a few bitcoin in its bitcoin in treasury strategy.
161 days ago
Amazing AI (AAI) is, as I have, repeatedly, pointed out before, a company that has listed on 3 other markets and gone tits up thrice before it joined AQSE. It has lied repeatedly about what it does and its net cash position is less than what my son Joshua has in his piggy bank. AQSE Regulation should have slung this off the market eons ago, as I suggested, but it and corporate advisor Liam “the toke” Murray seemed to know better. But overnight the shares were suspended citing AQSE Rule 5.1.
161 days ago
Though the CEO is Jill Kenney, feel the diversity comrades, the strings at Sundae Bar (SBAR) are being pulled by the Edwards and Bixby gang. Edwards and Bixby own 28% of the shares, Bixby is chairman and of course it is a total spoof and anyone owning the shares is bonkers.
163 days ago
I am still humbled by the suggestion HERE that it is within my power to wipe a billion quid off the valuation of joke bitcoin in treasury companies in my role as co-ordinator of the global shorting conspiracy. Just when you thought that investors in Vinanz (BTC), off from 54p to 29.5p in just over 24 hours or The Smarter Web Company (SWC). Down from 500p to 295p over the past day, could not get any madder…
164 days ago
Once again, Vinanz (BTC), the failing bitcoin miner run by David Lenigas has announced that part of a fund raise has been used to buy bitcoin, the rest is needed to support ongoing cashburn. But the numbers do not add up.
164 days ago
If this is not a sign of the true insanity of the bitcoin in treasury madness, what is? Amazing AI (AAI) listed on AQSE 18 months ago as an online loan shark but lied about having an actual business. In March it changed its name from Investment Evolution Credit to jump on the AI bandwagon. It has almost no net cash, having had to borrow £100,000 from its CEO but having raised just £122,000 the other day. But at 8.5p, up 100% today as it jumps on a new bandwagon, it is capitalised at £7.53 million. Insanity.
165 days ago
Of all the worthless shit David Lenigas has promoted over the years from the Lonrho fraud to the “6 billion barrels at Horse Hill" with UK Oil & Gas, this must be his finest day. At 35p, Vinanz (BTC) is now capitalized at more than £100 million, £115 million to be precise. Lenigas paid just 0.25p for his shares less than two years ago. The man is a genius…er.
168 days ago
This chap made our in-house bitcoin obsessive Jimbo seem 100% sane and balanced. I discuss living inside financial bubbles then reflect on Malcolm Burne's call for regulatory action on the bitcoin in treasury bubble ahead of its inevitable collapse.
168 days ago
The guilty men and women, regulators, Rachel from Customer Services, sordid promoters and social media influencers know who they are. When thus bubble bursts and folks who have bought in at ludicrous prices lose everything, bookmark this article and make sure the guilty men and women are held to account.
170 days ago
Bulls of Bitcoin tell you that with countries debasing their Fiat currencies by running continually running budget deficits that Bitcoin will appreciate in value because unlike Fiat currencies, Bitcoin it has a finite supply. And thus you must own bitcoin in treasury stocks but I just flag up a couple more inconvenient truths
170 days ago
No doubt some folks will dismiss the warning of a man with a more than sixty year career in financial journalism, fund management and running PLCs as the words of a dinosaur. They’d rather follow a 20 something heavily tattooed "PR genius", a deranged Mammon worshipping Catholic priest and visionary David Lenigas. It will NOT be different this time. Malcolm pinged me an email last night:
171 days ago
As it moved to the AQSE lobster pot to the Main market at 21p in January of this year, Dave Lenigas shitcoin play Vinanz (BTC), insisted that it was funded for a year. By May it had taken out a $4 million death spiral and now it has raised £3.579 million at 13.75p in a subscription and WRAP retail offer. Hopping on board to join the ramp, PR genius Stephi, now a self-styled crypto guru makes a statement that may or may not be true.
171 days ago
The madness continues. The latest company jumping on the shitcoin in treasury bandwagon is AQSE listed Vault Ventures (VULT) which at 0.045p is now capitalized at c£5 million. Vault was formerly Meme Vault, formerly Pitch Pit – it has changed names and business strategies almost as many times as I have enjoyed inappropriate thoughts about Cheryl Cole.
171 days ago
What is it with devout Christians and The Smarter Web Company (SWC)(. This time it is not mad catholic priests worshipping mammon but @RCA2112BTC whose twitter bio says he believes in “God, family #bitcoin”. Forgetting about the eye of the needle this morning he tweeted to Richard Jennings and myself “have fun staying poor” as Smarter announced that a £15 million bookbuild had become a £29 million fund raise at 180p. Mad just got double mad, the shares are now 252.5p! Here are the maths.
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Regulators should be all over this. I discuss what increase in the bitcoin price is needed to justify the current share prices of Vinanz (BTC), The Smarter Web Company (SWC), Ckyel AI (CYK) and Cel AI (CLAI) and the scoundrels behind each of them.
185 days ago
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205 days ago
https://shareprophets.com/views/80312/tom-winnifrith-bearcast-folks-doing-leni-maths-at-vast-resources-and-at-smarter-web
208 days ago
I start with the woes of Nigel Somerville, Minoan (MIN) and Smarter Web (SWC). Then it is Wishbone Gold (WSBN) and getting 3 facts straight, Optibiotix (OPTI) and Skinbiotherapeutics (SBTX). Sign HERE to stop Steve O’Hara crushing both share prices even more. Then Mirriad (MIRI) and a dead cat bounce, Empressaria (EMR) and FD Technology (FDP) both of which have received bids today. Here’s why there will be more bids to come. Finally, 3 months and 30 days away, book your Sharestock seats today HERE..
254 days ago
254 days ago
Surely even Stevie Wonder can see that the writing is on the wall after today’s latest disastrous news from Argo Blockchain (ARB). This has zero written all over the shares as Stevie has just spotted.
270 days ago
My brother in laws are both half Krauts so I must not be too rude. I start on this matter then look at the Colin Bird mining tiddlers and what is going on at Tiger Royalties (TIR), then why Novum thinks lying to investors is fine and dandy then what am I missing, why is TrustPilot (TRST) not a massive short. I also look at why you go short bitcoin long gold as a pair trade if you think the US economy is in trouble so stockmarkets will stumble..
280 days ago
290 days ago
https://shareprophets.com/views/79004/video-the-imminent-global-power-shift-away-rom-the-usa-despite-trump-and-the-future-of-gold-beware-not-bitcoin
296 days ago
Asset manager Jaime Carrasco starts this video looking at the global economic landscape and the significance of gold in today’s context. Carrasco expresses his belief that Trump’s election and proposed policies could lead to a reset of debt and potential devaluation of US dollars held in treasuries around the world.
302 days ago
Traders Kevin Wadsworth and Patrick Karim are bullish on all metals but especially gold predicting a capital rotation event coming soon to commodities generally and the stock market.
312 days ago
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360 days ago
https://shareprophets.com/views/77946/video-the-debt-doom-loop-and-the-new-era-of-4k-gold-100-silver-200k-bitcoin
370 days ago
Following on from my earlier piece on Microstrategy (Nasdaq:MSTR) and bitcoin I look at its valuation and also that of Golden Prospect Precious Metals (GPM). You may say its apples and pears but it tells you something does it not?
370 days ago
If you think that Bitcoin is overpriced at just under $100,000 then a possible stock to short is MicroStrategy (Nasdaq:MSTR) at $422 which describes itself thus: “MicroStrategy® is the world’s first and largest Bitcoin Treasury Company.” You would be following the strategy of a well-respected short seller Citron Research which initiated a short a few days ago. Its thesis was that MicroStrategy’s market capitalisation was far to far ahead of the value of its bitcoin portfolio.
375 days ago
I discuss the staffing needs of Optibiotix (OPTI) and small caps in general and bitcoin vs gold
520 days ago
In today’s podcast I discuss: gold, bitcoin, Argo Blockchain (ARB) and why it is still burning cash, FCA failings, statements needed from Chill Brands (CHLL) and Supply@ME Capital (SYME) and the latest shocker from Vast Resources (VAST), Roland “fatty” Cornish and his pal the sex therapist.
529 days ago
Foul mouthed ( and I say that as praise) podcaster Chris Irons of Quoth the Raven is still a bear but seems to have become a bitcoin bull.
585 days ago
A couple of years ago Bixby and his business buddy Mike Edwards were floating all things cannabis. Then the pot bubble burst and it was NFTs having dabbled into the bitcoin space before that bubble burst. Now, of course, it is AI and today we have another spoof. Those involved in enabling this sort of bollocks, should be ashamed.
591 days ago
Analyst Luke Gromen of Forest for the Trees says that the interest on US Government debt will exceed a trillion this year. He explains that the U.S. government will need to borrow more money to cover the interest expense, indicating a debt crisis. According to Luke, the USA is essentially insolvent and running out of time.
634 days ago
With bitcoin on the up, along with gold, you might expect bitcoin miners to be making hay while sun shines. But are they? Today we have a November trading update from Argo Blockchain (ARB) and as ever it tells us what sounds good but it does not tell us what really matters.
646 days ago
Struggling and drowning in debt bitcoin miner Argo Blockchain (ARB) still describes itself in today’s RNS as “a global leader in cryptocurrency mining.” Heck, if it is a leader, I’d hate to see what one of the laggards looks like. Anyhow the global leader is spaffing shareholders cash has a new CEO, Tomas Chippas who joins with immediate effect. So what is his CV really like?
737 days ago
And so after lunch it was Peter Hambro (gold), Dominic Frisby (Bitcoin and a bit of gold) and me ( no longer convinced by either) on stage. Both guests knew their stuff and were excellent but I wonder if this debate is really of that much interest these days.
763 days ago
Vinanz (BTC) the sub scale bitcoin play floated amid a related party nest of snakes on the Aquis lobster pot is at it again. Another day, another spoof.
773 days ago
At last year’s Sharestock, that fellow from Boatman Capital patiently explained how Argo Blockchain (ARB) never had made money and never would make money whatever the bitcoin price. And that is why its shares have a fair value of £0. Of course, as bitcoin surged in the first half of this year some investors with PhDs in ignoring FACTS thought they knew better.
850 days ago
A trading update is meant to inform by posting key metrics. You can therefore assume that any company posting an operational update which excludes the key metrics has something to hide, that is to say bad news. And that brings us to a July operational update from Argo Blockchain (ARB).
862 days ago
In the first half of 2022 Argo Blockchain (ARB) burned cash despite the bitcoin price averaging $37,000. With the bitcoin price higher than it was but nowhere near $37,000 let alone a level that would ensure cash neutrality, the company’s shares were ramped up to 17p on the basis of some low grade pumping. After the pump…
863 days ago
Nick Giambruno, founder of The Financial Underground and Editor-in-Chief of the Contra Speculator is the sort of conspiracy theorist I like my wife to listen to in order that she realises how moderate and mainstream I really am.
884 days ago
I start with bollocks talked all round today about bailing out those suffering mortgage misery. Blah, blah, blah. Then it is on to bitcoin and Argo Blockchain (ARB), a deep dive into the stinkiest deal done in eons, Hydrogen Utopia (HUI) is the culprit. Then I look at Conroy Gold & Natural Resources (CGNR), more nonsense from Chill Brands (CHLL) and why Bidstack (BIDS) may go bust and why I hope it goes bust. En passant, I mention Cook’s Coffee (COOK) and the disgraced Andrew Monk who IPO’d it.
892 days ago
Asset manager Hugh Hendry bet heavily on the Icelandic crash way before anyone else. His macro calls can be stunning and he is highly articulate as well as contrarian and switched on. He is always worth listening too.
893 days ago
For reasons I cannot explain the bitcoin price surged in the first quarter of calendar 2023 so Argo Blockchain (ARB) prospered right? Er…wrong. Quarterlies out today are dismal and what it does not say about the current balance sheet should have shareholders running for the hills.
900 days ago
Dominic will be performing with a Gilet Jaune at Sharestock where he is also speaking on bitcoin and gold. His latest short music video is just brilliant. Enjoy.
910 days ago
Vinanz (BTC) The sub scale bitcoin miner which does crazy deals with pals of its founder David Lenigas listed on the Aquis lobster pot at 3p. Its shares are today, despite Lenigas personally hoovering up any (loose but wise) sellers, still just 3p to sell as nobody is buying the Lenigas bull. Since Lenigas and his pals like Richard Poulden got in at 0.25p they don’t care but instead the company serves up another bullshit spoof.
957 days ago
I start with that morning with the Fuzz regarding Operation Cassady which was fascinating. Then it is onto Wandisco (WAND), bitcoin, Argo Blockchain (ARB), Online Blockchain (OBC), Deliveroo (ROO) and Manolete Partners (MANO).
967 days ago
No this is not a five-day late April Fool. David Lenigas really is on the cusp of listing a new bitcoin mining company on the Aquis Lobster Pot, Vinanz. Aquis today announced that First Sentinel is the advisor without any moral qualms and it has applied for a listing. But there is already one red flag flying here and it concerns Richard Poulden’s Aquis listed joke company Valereum Blockchain (VLRM) which we have exposed on this website numerous times.
994 days ago
In today’s podcast I look at Credit Suisse and the banking crisis, bitcoin, gold, Argo Blockchain (ARB), Online Blockchain (OBC), Mode Global (MODE), Okyo Pharma (OKYO), Virgin Wines (WINO) and Versarien (VRS) in light of the bombshell here earlier today.
997 days ago
At the start, the February update from Argo Blockchain (ARB) looks like all the other monthly updates up until December. It gives the number of bitcoin mined, an excuse for why it is a piss poor number and then the number of bitcoin equivalent held at the period end. And then…
1037 days ago
I start with the news that the Welsh women and men’s soccer teams will now get equal pay. Does nobody understand economics any more? Then it is onto bitcoin and also Argo Blockchain (ARB). Then Advanced Oncotherapy (AVO) which sounds madder by the day. It certainly does not understand economics. Then nanosynth (NNN) and finally Omega Diagnostics (ODX). I wonder how this Saltire flying Scottish dickhead is doing these days?
1052 days ago
I start with a bit about weather, snow rain and drought. Then gold vs bitcoin, Enwell (ENW), Ferrexpro (FXPO), Harland & Wolff (HAWL), Argo Blockchain (ARB), Powerhouse Energy (PHE) and Pantheon Resources (PANR) before ending with Vast Resources (VAST) where a placing at 0.1p is surely being attempted after today’s incomplete news.
1054 days ago
I start with a health update, finally some joy from the NHS and, even before that, I am starting to feel better. Then it is onto Pantheon Resources (PANR), Inspirit (INSP), and Atlantic Lithium (ALL) and share options, incentivising the dead. Then macro calls on interest rates, inflation, the real economy, shares, bitcoin, gold and oil. Details of ShareStock 2023 on September 23 are HERE
1061 days ago
Market Strategist Gareth Soloway of “In The Money Stocks” is a cheery fellow predicting doom and gloom all round unless you are in gold and silver or short shitcoin.
1104 days ago
In the bitcoin, NFT, blockchain frenzy of early last year the gang of Mike Edwards, Jonathan Bixby, disgraced Peter Wall of soon to go bust Argo Blockchain (ARB), disgraced broker Andy Frangos of (has just gone bust) Pello infamy and proven liar John Story staged a number of heists, or as they termed them IPOs.
1109 days ago
The great lie pushed by those supporters of bitcoin and other crypto currencies was that supply of bitcoin was limited by the halving formula. So, we were assured that while promoters of shares or funds or any other asset would always match demand with new supply, bitcoin was different. Of course, that was just misleading.
1113 days ago
I start with a few words on UK press coverage of the mid terms. No the Democrats have not won! Then I look at bitcoin and its woes, Argo Blockchain (ARB) – bust by next week? – Revolution Beauty (REVB), Boohoo.com (BOO), Novacyt (NCYT) and Nightcap (NGHT) and the problems a CEO has when the media blows smoke up his or her arse for too long.
1157 days ago
Some folks said that I did not give them enough notice about ShareStock 2022 so they were on holiday, could not find anywhere to stay or had accepted a prior engagement. So for 2023 I am giving you almost a year’s notice of an even more unusual event! We start with some amazing new speakers:
1189 days ago
A week ago interims from drowning in red flags bitcoin miner Argo Blockchain (ARB) made it abundantly clear that it faced a near term cash crisis. Today another sign that it is readying itself for a bailout placing has emerged. But I foresee a problem.
1191 days ago
This will, in years to come be seen as a case study in the invisible hand and creative destruction, that is to say capitalism at work. In times gone by when all the sort of poltroons who believe in Modern Monetary Theory also predicted that the bitcoin price would keep on soaring ad infinitum, there was a rush to build new mining plants in places where there was stacks of spare land and good hook-ups to readily available power, i.e. Texas.
1260 days ago
I have had a few comments about yesterday’s Bearcast on the Bitcoin crash. I address some of those cultists speaking out from the last redoubt today. Then. prompted by Three Brains, I look at what a PE of 5 means as a guide to value and why it can so often mean nothing at all.
1260 days ago
Ahead of that, I describe triumph in the garden. Then, I discuss the accelerating Bitcoin crash, Argo Blockchain (ARB) and Cineworld (CINE).
1260 days ago
Bitcoin is crashing once again, and now trades well below $19,000. According to Peter Schiff, the charts point to $10,000 as the next stop. Therefore, shares in Argo Blockchain (ARB) should be suspended first thing Monday; here is why.
1292 days ago
Bitcoin did not crash during Q1; that happened later. As such, today’s Q1 numbers are irrelevant. Even so, as you would expect from the scallywags who run this company, Argo serves up a masterclass in the study of what a “profit” is. It is, of course, just a matter of opinion.
1297 days ago
Bitcoin has rallied overnight, and is back above $30,000; that will, no doubt, convince more millennials that BOTFD is the way to make money in a Ponzi. But will the rally continue? If not, this poses – as I flagged up yesterday, here – massive questions for Argo Blockchain (ARB). Bear raider, Boatman, which exposed a host of red flags at Argo, took to Twitter to raise additional issues, and we followed up with an e-chat.
1297 days ago
In today’s podcast, I discuss the FTSE 100 sliding; bitcoin’s crash; Coinbase; Online Blockchain (OBC); Argo Blockchain (ARB) and 3 questions Peter Wall MUST answer; Cellular Goods (CBX), where Wall today stepped down as chair (odd timing); Verditek (VDTK); the shame of Innovate UK and ex-footballer and NFT spiv, Michael Owen; Petropavlovsk (POG); and Versarien (VRS), where a cash crisis looms. Now, to brace myself: the mother-in-law will arrive at her new home in just a few hours.
1327 days ago
Apart from on bitcoin, analyst, Gerald Celente, is bang on the money. He kicks off this podcast with the scamdemic, and the resulting actions of governments around the world. He states that one country after another is acting in lockstep, attempting to ‘flatten the curve’ by locking you down and putting you out of business. Then the vaccines came but, contrary to general belief, did worse than nothing. We in the West adopted the Chinese way of suspending our freedoms.
1339 days ago
Analyst, Gareth Soloway, believes Bitcoin will survive – and thrive – but it’s likely to correct further, as there remains irrational exuberance in the crypto space. He argues that the current pattern is more likely to break down.
1372 days ago
I start with events in Ukraine and offer a few thoughts. But I also look at a few companies notably Eurasia Mining (EUA), Versarien (VRS), ADVFN (AFN) – one of which is, I think, a buy – and also, en passant, the fraud that is Supply@ME Capital (SYME) and in the context of bitcoin tanking, Argo Blockchain (ARB).
1382 days ago
I start with some thoughts on Ukraine and Russia which some of you may disagree with. Perhaps what is happening there will be a handy excuse for Eurasia Mining (EUA) to ‘fess up to the lack of bid? Then onto how bitcoin and other cryptos are faring as a safe haven right now. And why that makes Argo Blockchain (ARB) such a monumental sell. It could utterly implode. I see that more than 25% of posts on the ADVFN Bulletn Board,a few hours ago,were on Shield Therapeutics (STX) with nearly all of them slating me for all the usual reasons. I do not play the man here even though my critics do seem to have the collective IQ of a Cheese sandwich, but the ball and answer each of the bull points made to rebut my bear thesis in turn.
1406 days ago
This podcast contains reference to various chats with Lucian on the markets, millennials and on Cake Box (CBOX) after yesterday’s bearcast & the Maynard Paton expose. I discuss what Trustpilot says about the company HERE and Lucian’s road trip to do more due diligence. Re Lucian I also discuss other big blowups that will happen this year and bitcoin. Then there is Amigo (AMGO), Chill Brands (TOAST), MyHealthchecked (MHC), Novacyt (NYCT) and Argo Blockchain (ARB) in light of today’s NFT nonsense but also the collapsing bitcoin price.
1407 days ago
Another one to annoy our in-house bitcoin loon Jimbo although I sense that this particular sinner is somewhat repenting.
1408 days ago
I am rather taken with the new cleaning lady the Mrs has hired. She scrubs up well, works hard and her views on a range of issues including masks, vaccines, inflation and the role of the state are thoroughly admirable. And hearing myself and Lucian discuss how mining companies claim to be ESG friendly by hiring loads of lesbians, she thought that a good joke and remarked that my work seemed interesting. That would not be how the Mrs would react, both to the joke and the description of my work. I mention all of this only because Agnieszka has been arguing with her 12 year old son who wants her to invest her wages in bitcoin.
1411 days ago
I start with the suggestion that I am ramping gold and de-ramping Bitcoin. I discuss this nonsense although I am vaguely flattered that anybody thinks me so omnipotent. Then onto Unilever (ULVR). Finally a related discussion on the wretched Sunday Times coverage of the laughable Black Pound Report. I refer to the LadBible piece HERE
1412 days ago
I run this to annoy both our in-house crypto loon Jimbo but also gold loon Nigel Somerville. But Andrew Gilbert who makes the call is a chartist so, almost certainly, wrong.
1423 days ago
Tom Winnifrith, bearcast, bitcoin, Argo Blockchain, ARB, SOS, Sosandar, toxic, Union Jack Oil, UJO, Vast Resources, VAST, Eurasia Mining, EUA
1423 days ago
The monthly trading update from Argo Blockchain (ARB) is the usual mix of smoke and mirrors. If you are someone who has waded through the sea of red flags highlighted HERE and still believes there is comfort for you. But if you are a cynic you too will find comfort. Plenty of it.
1425 days ago
I start with a couple of points of economics, covering disincentives to work for low paid folk, especially if divorced dads and also the epidemic sweeping the nation, the public sector variant. I flagged this up to Bath Spa students a few years ago, it is still true. Then, tying in to my 4th tip of the year out today, I move onto bitcoin and also the smokescreen, being seen as ESG friendly provides but why it will unravel as the market gets nervous this year.
1432 days ago
Yes Piers Linney is back. I fill in a few gaps for Mail readers including red flags from the latest venture of disgraced Piers, Moblox Limited. Then it is onto macro predictions on oil, gold, interest rates,inflation, house prices, tax, equity markets and bitcoin. Happy New Year.
1451 days ago
The highlight of this dossier is Boatman demonsrating how Argo’s (ARB) rebuttal of its allegations about a dodgy Texas land purchase made in dossier No 1, just does not stack up. One might even say Boatman shows Argo was telling porkies. Then there is the really sniffy related party investment in a company in all sorts of regulatory scrutiny because of its involvment with disgraced broker Pello and its “colourful” boss Andy Frangos. And it goes on and on. As Boatman points out, if you believe in electronic tulips there are many ways to play bitcoin without buying into Argo’s forest of red flags. Anyone owning these shares is mad. The dossier is below.
1472 days ago
This comes in two parts and is a gem from my pal Frisby, the UK’s top liberatarian comedian/singer songwriter/bitcoin loon. Enjoy.
1477 days ago
I start with Bitcoin and sleepy Joe Biden’s new legislation, the Infrastructure Bill. Then it is Versarien (VRS), Biome (BIOM) and finally more on Union Jack (UJO), before I discuss Peter Brailey’s big oil call and what that means for gold stocks and how I might adjust my SIPP.
1518 days ago
This is just for Jimbo! Writer Keith Weiner says that economists and experts tend to say the strangest things and most of their statements don’t pass basic scrutiny.
1536 days ago
I already have 25 bags of beans in the freezer and another 4 jars in oil in my larder but yesterday I picked the last of the 2021 harvest, enough to fill half a sink. Now you may laugh but it will be me who laughs last and loudest. Let me explain.
1543 days ago
The cash crisis at Argo Blockchain (ARB) becomes more evident by the day which is why, though this company is heavily operational and financially geared to the price of 21st century tulip bulbs, its shares have massively underperformed bitcoin during its recent sharp rally. Today’s news is that Argo has taken advantage of the bitcoin spike to borrow even more dollars.
1559 days ago
Okay, the call is from a chartist so you may wish to ignore it but since it will annoy some folks here goes anyway.
1590 days ago
Forgive the crude title or love it if you are Matthew and his dog. I could not resist. I start with a discussion of the tyranny of village facebook pages prompted by my latest spat with some villagers of Holt in Wales HERE. Then I look at Kefi (KEFI), Zoetic (ZOE), Kanobo (KNB), Supply@ME Capital (SYME), Block Energy (BLOE) and the bitcoin pump by America’s Neil Woodford and others. Ian Westbrook is now at just under £12,000 and has ten days to reach £20,000 to see the loathsome Neill Ricketts at the next stage. To call the bluff of the Versarien (VRS) bully, please donate HERE. PS Darren points out it is the 26th not the 27th. He is correct.
1593 days ago
A frantic morning of tidying sees Joshua and I ready to face the Mrs, we head to Athens shortly. Ahead of that I suggest a new gender test for the Olympics. In the main podcast I look at bitcoin, Argo Blockchain (ARB), Fevertree (FEVR), coping on a meltdown day, Nightcap (NGHT) and St James House (SJH).
1612 days ago
On 8 March 2021, a couple of weeks after directors dumped millions of pounds worth of shares at 243p, Argo Blockchain (ARB) raised £26.8 million at 200p. So where has all the money gone?
1624 days ago
I am so angry that I forgot to mention bitcoin crashing again and the operational and financial gearing at drowning in red flags Argo Blockchain (ARB). So I am angry and the resultant bad language will delight Matthew and his dog. I consider Sosandar (SOS), Hurricane Energy (HUR), Bidstack (BIDS), Kefi (KEFI) and Bluebird Merchant Ventures (BMV).
1626 days ago
That wasted an hour of my life but it looks like all systems go for Saturday when Steve Moore will be in charge of this website while Joshua and I head to the Greek Hovel. In today’s podcast I look at bitcoin’s latest dump and Argo Blockchain (ARB) and at Dev Clever (DEV) and its joke acquisition. That required a bit of work for me at Companies House as did researching today’s smoke and mirrors deal from Remote Monitored Systems (RMS) – how did Nomad SP Angel sign off on this cobblers? I then look at Avacta (AVCT), Zoetic (ZOE), MyHealthChecked (MHC), Bidstack (BIDS) and the fraud Supply@ME Capital (SYME). Where are its results?
1634 days ago
Nick Giambruno is Chief Analyst of The Casey Report and warns that the thief in the night is now out of control. Nick differentiates money from fiat currency and where investors should hold their wealth in times of crisis. He argues that Bitcoin is a good alternative and is not unlike gold. Digital scarcity is a new invention, and the real revolution is in bitcoin, not other digital currencies. Bitcoin is unique because it isn’t controlled by banks or corporations and works as a form of digital gold. He believes bitcoin is in the process of monetization around the world.
1638 days ago
I can’t take Senator Elizabeth Warren very seriously but the woman who has gained massive career advantage by claiming that she is a Native American, though she is in fact 1/1024th Native American, holds great sway in the Democrat party. What she says is a good indicator of the direction of travel of the party now running America. As such, her full-on assault on bitcoin as the inherently pointless ultimate environmental vandal is of note. As it happens, for perhaps the first time ever, I agree with her. Enjoy.
1658 days ago
I start with good news on Rogue Bloggers for Woodlarks - see for yourself HERE. Then a few words about incredibly exciting work today at the Welsh Hovel. Then onto bitcoin, China and Argo Blockchain (ARB), which links to Zoetic (ZOE) which really is starting to collapse. Then onto the arrogance of the City, Neil Woodford, Andrew Monk and Hurricane Energy (HUR).
1658 days ago
Suddenly we dinosaurs who did not understand why a worthless piece of code, which was inherently vulnerable to substitution by other worthless but cheaper pieces of code, was so valuable don’t look quite so dumb. Bitcoin is down by 18% at sub $35,000 having been $64,870 just four weeks ago. This time it is not the prick Elon Musk to blame, the bubble today is being pricked by China.
1661 days ago
We are now well over £30,000 (with gift aid) for Rogue Bloggers for Woodlarks so that is 70% of our target, if you are yet to donate please do so HERE. In the podcast I discuss MyHeathChecked (MHC), Zoetic (ZOE), bitcoin, Tesla (TSLA) and Argo Blockchain (ARB).
1661 days ago
After part one of the Musk pump and dump and then volte-face on bitcoin, the great fraudster faced the problem that Tesla (TSLA) was still sitting on around half of the $1.5 billion of bitcoin it had bought to great fanfare in February. But this bitcoin is dirty and environmentally tainted said the great green auto-maker – what to do with it?
1661 days ago
I start with the frustrations of a visit to Tesco (TSCO) Wrexham. Piss poor customer service. Then I look at Manolete (MANO) where I smell more trouble ahead. Then I move onto bull market madness and how it will end in tears for my mother-in-law, Elon Musk, Tesla, Bitcoin, Jonathan Bixby, Mike Edwards, NFT Investments, Clarify Pharma, Argo Blockchain (ARB), Novum Securities and Uncle Tom Cobley and all.
1661 days ago
Some of us have pointed out for a good while that mining cryptocurrencies consumes enormous amounts of electricity and if you are into all of that global warming green shite, which I am not, then you should not be going near bitcoin. It seems that having ramped bitcoin and crypto, Elon Musk has finally noticed this too.
1684 days ago
I comment on St George’s Day HERE. In a long podcast I look at Versarien (VRS), Audioboom (BOOM) – misleading again – Bluebird Merchant Ventures (BMV), Bitcoin and Argo Blockchain (ARB), Bahamas Petroleum (BPC) and the fraud Supply@ME Capital (SYME). And we are now just three hundred quid shy of £14,000 for Rogue Bloggers for Woodlarks, please donate HERE.
1686 days ago
Brian Hirschman is the Managing Partner of Hirschmann Partnership, dubbed by ValueWalk as the “World’s Most Bearish Hedge Fund.” He warns that all the bubbles have only grown in recent months and that the two biggest bubbles are bitcoin and residential real estate.
1691 days ago
Valereum (VLRM) in the Aquis lobster pot has, as of today, zero revenues and – if it is lucky – £300,000 net cash. But mention the magig bitcoin word, throw in a few tokens and some magic beans and, hey presto, promoter David Lenigas and the Sith Lord Zak Mir reckon the shares should hit 60p. That would be a valuation of £38 million. Whatever you say Gents…today’s ramptastic love triangle from twitter is below.
1697 days ago
And now from Wales, by just 30 yards, it is my new weekly video show. This costs 99p per episode, and you can either listen to, or watch, some sparky interviews with Charlie Morris a bitcoin guru where we also discuss gold and the markets and Malcolm Palle of Aquis listed Coinsilum which is now an NFT play Plus there are a few thoughts on wider stockmarket issues from me. This bitcoin, blockchain & NFT special has a lot of gags but is also, I hope, pretty informative.You can access the show HERE
1699 days ago
Gold businessman Keith Weiner argues that there is no way to extinguish debt in our current system, so the total debt grows, and due to interest, it tends to grow exponentially. He says that in the past, the Fed loosened regulations and lowered rates, but it’s like they are now pushing on a string.
1729 days ago
I am sure that folks will say that I am just being a bit of a sad old dinosaur and that I really need to listen to more videos by Dominic Frisby and get my head around it all. Whatever… This morning a well known broker penned a piece which should surely, at least, give bitcoin bulls a pause for thought. The broker writes:
1741 days ago
This article from a team at Newcastle University does raise the question of the sheer pointlessness of the pursuit of bitcoin, especially by a generation that is keen on berating we oldies for ruining the planet. When will Greta Thunberg et al turn their fire on cryptocurrencies? It reads:
1760 days ago
I start with the Mrs being phoned by a fraudster. Then it is a natural move to Elon Musk and bitcoin before going onto the Million Morons on Reddit and a damp squib with Metro Bank (MTRO). I comment on looking daft for eons before vindication so look at Nightcap (NGHT) and then at Bahamas Petroleum (BPC). Then it is on to Abingdon Health (ABDX) and Yourgene (YGEN).
1768 days ago
It is such a good joke I think I make it about 5 times in what follows. And now from Wales, by just 30 yards, it is my new weekly video show. This costs 99p per episode, and you can either listen to, or watch, some sparky interviews with Harry Adams of Kefi Gold & Copper (KEFI), where i am a loyal shareholder expecting the shares to double or more by mid year, and also Dominic Frisby. The singer, songwriter, comedian, gold guru, bitcoin expert and libertarian is on great form especially on the bitcoin/gold issue and tips the only AIM stock he owns and explains why. You will laugh and learn with him. You can access the show HERE
1770 days ago
Macroeconomist Henrik Zeberg analyses where we are in the winter season of the Kondratieff cycle and what comes next. He believes we are approaching the final deflationary phase, which will have severe consequences for investors.
1783 days ago
And now from Wales, by just 30 yards, it is my new weekly video show. This costs 99p per episode, and you can either listen to, or watch, some sparky interviews with Staurt Ashman of Skinbiotherapeutics (SBTX) where I am 130% up in seven months but think the shares could 20 bag from here and bear raider Lucian Miers on macro economics his cooling feelings on cold and warming feelings on bitcoin and his big longs and shorts. Then there are a few thoughts on companies you must NOT own, including the latest nonsense from the scallywags at Powerhouse Energy (PHE).You can access the show HERE
1788 days ago
I start on the Greek Albanian border in the 1970s. Then it is onto the dotcom boom in 2000 and bitcoin now and the idea of Institutional acceptance and validation. Then it is onto Versarien (VRS) and Supply@ME Capital (SYME).
1790 days ago
Asset manager Lawrence Lepard of Equity Management Associates argues that the system has failed due to unsound money, and an immediate restructuring would be preferable. The alternative may be dragging the process out for the next twenty years. He explains the differences between today and 2008 and why we haven’t seen much increase in money velocity yet.
1792 days ago
Analyst Kirian van Hest is a specialist on the Comex and where its delivery default risk may be heading in the coming months. Kirian was expecting more stimulus this last Autumn and more investment in the precious metals. He says that the numbers Comex is reporting are highly suspect, and it appears that it’s now one big fraud. He feels that by February or the latest, the middle of 2021, the Comex’s fraud will become very evident.
1810 days ago
And now from Wales, by just 30 yards, it is my new weekly video show. This costs 99p per episode, and you can either listen to, or watch, some sparky interviews with Chris Gilbert of Fox Marble (FOX) and Dr Doom David Scott. I discuss averaging down and after news this week Fox is a rare case where that is justified. This will – as I explain in the show – be a multibagger from here. Meanwhile Dr Doom is now a bull. we discuss sharers, bonds, real estate, bitcoin and gold in a must listen to interview. Then there are a few thoughts on companies you must NOT own, including Powerhouse Energy (PHE).You can access the show HERE
1814 days ago
Writer Lyn Alden looks at the economic downturn and notes that we’ve seen a rebound in some asset classes, but, she argues, that it will take most of 2021 to see all the effects play out. We’ve seen a weaker dollar and slowing GDP growth globally. By late 2021 the global economy should improve gradually.
1821 days ago
Nicholas Mertin is the founder of Digifox a digital finance platform and DataDash, the largest cryptocurrency YouTube channel is talking his own book here. But as we have a few bitcoin nutters on this website, as well as the legion of gold bugs headed up by comrade Somerville, here is something for you.
1823 days ago
Bullion dealer Simon Mikhailovich argues that today’s accounting practices may look okay on paper but the truth is that we are bust. It is now impossible to meet the future demands on cash-flow. Rates today are at 5000-year lows, while most assets are very overpriced. The dollar has declined in value during the past century by 95%. He argues that since interest rates are now zero, currency can only fall in value from here.
1834 days ago
Asset manager Frank Holmes argues that the US the election results and a split house may be the perfect scenario for the stock market and the ideal scenario for gold. He believes that G20 Central bankers have been functioning as a cartel since 2008 by synchronizing taxation and regulation. Now they are playing with MMT, zero interest rates, and monetary stimulus. However, they have redefined the CPI, and today if you use the old model, inflation is running at close to eight percent. Smart people are buying real assets like art, gold, silver, mining equities, and bitcoin.
1839 days ago
Libertarian speculator and author Doug Casey says it’s difficult today to be an investor with all the government economic distortion and mis-allocation of capital. However, in contrast a speculator can do well in this environment. He says, “Being a speculator should not be confused with being a trader.”
1840 days ago
I start with the therapy my woodshed offers and also a note on Chris Bailey. Then I look at Powerhouse Energy (PHE) and Remote Monitoring Systems (RMS) before considering bitcoin and gold and why I personally have big exposure to the “barbarous relic” and no exposure to crypto.
1926 days ago
Analyst Nick Giambruno explains which assets are “hard assets” and so will fly when fiat is, as now, being debauched. There are key characteristics that make gold the best money, and other assets like silver and bitcoin share many of those features. Bitcoin fits this definition because it’s scarce, and its supply growth is similar to that of gold, gradually declining.
2031 days ago
Trader Chris Vermeulen is expecting another market correction since the fundamentals for the market have only worsened. Small investors have been piling in while smart money has been exiting. He warns that “The average person is going to get completely slaughtered.” But he is bullish on silver, as it seems primed for a move higher.
2088 days ago
In today’s podcast I talk about the sell off and discuss the shape of the recovery that will happen in the real economy and in equities but warn against optimism on the rate and timing of that recovery. I look at Restaurant Group (RTN) which, again, I warn is a disaster waiting to happen, then at various bubbles that have burst in the past few weeks including bitcoin (ha Dominic Frisby take that!) cannabis, junk bonds and AIM shite and discuss a few companies in those sectors. I also clarify a point on bailouts for the benefit of NoGold.
2279 days ago
In this eighth edition of the ShareProphets Radio podcast, sponsored by Yorkville Advisors, in order I discuss my guest next week (the biggest name yet on the show) and Burford (BUR) and the more genberal issue of revenue recognition. I then chat for about an hour to liberatrian comedian, songwriter and singer, Brexit Party activist, gold & bitcoin guru Dominic Frisby. Prepare for a few laughs. Then it is Cathal Friel of Open Orphan (ORPH), where I am a shareholder, and finally David Bramhill of Union Jack Oil (UJO). After that section I discuss nearology with reference to Union Jack, UK Oil & Gas (UKOG) and more generally. If you like this and can’t wait seven days for more of the same you should listen to my Bearcast every day.
2290 days ago
My friend, the comedian & gold/bitcoin guru & Brexit party wannabee MP, Dominic Frisby, has a new song out today, Hate Speech. Suffice to say it is brilliant. The video is below.
2564 days ago
You may wish to watch my UK Investor City forum gig with bitcoin nutter Dominic Frisby HERE to frame what is in this podcast, the title of which is self-explanatory.
2572 days ago
Number one is Amazon (again). Number two is Barclays Bank (BARC) again! And the third is explained HERE. Elswhere I explain what it means when I am made an insider and how I have to behave. I look at the bitcoin bloodbath and in that vein at Argo Blockchain (ARGO), Vela (VELA) and the Clem'Chambers spoof Online Blockchain (OBC). I cover Falanx (FLX), Photonstar Led (PSL) and AO World (AO).
2603 days ago
The final part of Tuesday night's Nigel Wray UK Investor City forum was a debate on bitcoin, blockchain and goats between myself and Dominic Frisby. I think I had the best jokes though Dominic is the comedian. Anyhow it was fun and, I hope, informative. The next Wray City Forum is on December 3rd so put the date in your diary now.
2610 days ago
Forgive a brief historic digression at the start of this podcast but I start with a history lesson for those misguided souls who think that SinnFein/IRA brought peace and happiness to Ireland. Then I look at some other tossers from Ulster, First Derivatives (FDP) and the 3Xs. I comment briefly on Purplebricks (PURP) and Versarien (VRS) then move via BCA Marketplace (BCA) to Neil Woodford. Then it is onto MySquar (MYSQ), Symphony Environmental (SYM) and on to UK Oil & Gas (UKOG) with a few words for Dominic Frisby on the nature of bitcoin and its bubble ahead of our bust up next week in London.
2614 days ago
In today's bearcast I look at the idea of a bear market on AIM, Cenkos (CNKS) as its CEO walks (again), Versarien (VRS), Plutus Powergen (PPG), First Derivatives(FDP), Mysquar (FRAUD), Mayan (MYN) and Wolfe Minerals (WLFE). Due to a bit of a mix-up there are a newly available handful of tickets to next week's wine, canapes, Falanx (FLX) and Premaitha (NIPT) evening in London with me ripping Dominic Frisby apart on blockchain and bitcoin as a bonus. To grab your seat for 16 October book HERE
2623 days ago
There are now fewer than 30 places left for the next Wray family organised UK Investor evening seminar in central London. So if you want to book a slot do so now HERE. The event kicks off with drinks and canapes from 5.30 with the first talk just after six. It will be a packed evening.
Falanx (FLX) has a 20 minute presentation and will take questions for another ten or maybe more. As a supportive e but long suffering shareholder I have a couple of questions myself. Then it is Premaitha (NIPT) which presents for twenty minutes but will face another twenty minutes of questions INCLUDING A NUMBER FROM ME !!!!!
There this then a session where I plan to tear into bitcoin and blockchain believer Dominic Frisby about the ponzi he appears to think holds water. Then more drinks and canapes.
2625 days ago
First things first. If you want free booze, canapes, a chance to see me rip Dominic Frisby apart on blockchain and bitcoin and to hear presentations from and quiz Falanx (FLX) and Premaitha (NIPT) then book a seat for 16 October in central London HERE. In today's podcast I look at Premaitha (NIPT), Avanti Communicatiuons (AVN), Cabot Energy (CAB) and the scandal it won't discuss, Greka Drilling (GDL), SpaceandPeople (SAL) and add to Gary's piece on a CEO who should be going straight to jail and not collecting £400 on the way, Brian McMaster of Jangada Mines (JAN).
2626 days ago
First things first. If you want free booze, canapes, a chance to see me rip Dominic Frisby apart on blockchain and bitcoin and to hear presentations from and quiz Falanx (FLX) and Premaitha (NIPT) then book a seat for 16 October in central London HERE. In the podcast I look at the madness of Corbyn once more in relation to the Natural rate of Unemployment in a non broken economy. I add to my earlier comments on troughery at Frontera (FRR) HERE by showing it is bankrupt. I cover Concepta (CPT), Fishing Republic (FISH), the Widecells (WDC) scandal and Wolf Minerals (WLFE).
2698 days ago
When I visit my dad, he urges me to take away one or two of the zillions of books in his house. Naturally I want to please him and do as requested but I am equally conscious that the Mrs reckons that our house in Bristol has too many books and that my suggestion that she bin her sociology books to make way for more of mine is not a runner. And now Joshua is collecting book after book as well...
2765 days ago
This session was chaired by Dominic Frisby with a panel of Malcolm Palle, Jonathan Bixby, Tony Sanders, Bob McDowall, and Ralph Hazell
2871 days ago
I am not sure where this first apperared but thanks to the reader who emailed it over. I have tweaked it to remove the name of a famour journalist as I can live without another lawyers' letter. But the core message stands about botcoin and all the other crypto bubbles is fair. Enjoy.
2883 days ago
Frank Holmes is chairman of a blockchain company (Hive) yet is a major gold bull. He became interested in the space when found out that the CEO of Fidelity a company with two trillion in funds has been discussing bitcoin. He says, “Something big is happening.
2906 days ago
Andrew Left of Citron Research is one of the sharpest cookies in the global shorting conspiracy. He has just recorded an interview on CNBC discussing two blockchain/bitcoin shorts in the US. Change your name and your shares soar even though there is nothing there? Sound familiar Clem?
Left's two targets are Bitcoin Investment Trust (US: GBTC) and Riot Blockchain (US:RIOT). Enjoy...
2910 days ago
In this bearcast I look at the issue of share buybacks at this stage of the stockmarket cycle in general but with reference to Domino's Pizza (DOM) in particular. Then I look at the bitcoin bubble explaining why it is NOT a currency and why it will in due course pop as Goodhart's Law kicks in. But you'd be crackers to have a position either way right now
2910 days ago
I am not so sure. But here is the raging bull case put by Peter Spina. In this podcast he discusses the cryptocurrency space and how it is similar to the dot-com boom of the late 90’s. No one knows how all of this will play out, but it is all but certain that crypto will play an essential role in world finance. Spina feels that both gold and cryptocurrencies are complimentary. You should be careful and protect your wealth in precious metals and only speculate in the crypto market. It is a new technology with much potential that creates a much more free and open marketplace. But...
2919 days ago
Rick Rule of Sprott is perhaps the world's best known investor in resource stocks. This video interview will be controversial covering bitcoin, uranium, gold, dollar default and much more.
2932 days ago
Like the rest of us, Jeff Berwick has been surprised by just how good the crypto space has done this year. He was telling everyone to buy bitcoin back in 2011 and has continued to recommend it. Jeff compares cryptocurrencies to the beginning of the Internet. It feels like we are entering the Internet 3.0 and Wall Street seems to be finally catching on. The bitcoin market is still tiny, and if it ever gets valued anywhere near gold, it will still go up thousands of percent. The entire thing is bizarre and mind-blowing.
2999 days ago
Libertarian Peter Schiff is a great hero of mine and I am glad to see him calling Bitcoin out as a bubble.
3002 days ago
I still really do not understant bitcoin but it seems to grip fellow libertarians like Dominic Frisby and, in this case, resource guru Doug Casey. In this Palisade Capital podcast, Doug discusses the commodity markets and why the most important thing is what they do cyclically. Most commodities are down 50% since 2011 and the dollar has lost 20%. Commodities remain quite cheap, particularly gold, silver, and copper. He discusses Junior miners and why now is a good time to get into these markets.
3015 days ago
I really do not get this bitcoin shite at all, however much my pal Dominic Frisby tries to explain it to me. I just fear it will end in tears but I am cognisant that some folks have made a complete killing on it so far. In a podcast with Palisade Capital, sector guru Michael Pole makes some bold calls. Is this just the start of the gold rush or are we close to dotcom bust in 2001?
3058 days ago
Naturally Sprott Asset Management, as the world's best known resource investor, favours gold but, and this may surprise you, it does see a case for bitcoin exposure. Its latest monthly report discusses the battle: Bitcoin vs Gold. Over to analyst Trey Reik who writes:
3258 days ago
There are so many radically extreme events that are happening, or will likely happen soon in the world economy, we have to be very careful. In Jeff Berwick’s 20+ years of market investments, he sees this as the most difficult time for investors. He suggests getting a lot of your money out of the markets by holding precious metals, other hard assets, and bitcoin.
3492 days ago
Do you understand bitcoin and blockchain? No. Neither do I. At UK Investor Show a panel organised by Coinsilium (COIN) including Dominic Frisby tried to explain the excitement and the investment opportunity.
3645 days ago
I do not understand Bitcoin but my good pal Dominic Frisby does and explained the investment case in full at Gold & Bears
3671 days ago
I do not understand Bitcoin, blockchain technology and the like. I leave that to smarter folks like Dominic Frisby who will be presenting on it at Gold & Bears and my good friend Jim Mellon who will – I’m sure – mention it in his G&B talk. This could all be the next phooey hype but it could be big so I’m getting a small exposure via Coinsilium – a two year old blockchain investor listing on ISDX later this month. I’m backing Jim’s judgement on this one.
3876 days ago
Coinsillium is planning an IPO within weeks on AIM and it seems to be attracting some interesting backers as a bitcoin play. It presented at UK Investor Show 2015 and here is the video.
