June 3rd, 2021 | 08:56 CEST
GameStop, AMC, Bitcoin Group, Triumph Gold - Chaos is the order of the day!
Now the stock market must show how much steam is still in the boiler. Again, the DAX could mark a new ATH the day before yesterday; it was at 15,687 points. Here the air was then somewhat thin, and the afternoon brought a correction to below 15,600 points. The investment community has taken a rest here for the time being. The volatility as a fluctuation indicator even came back strongly in the last few days but then fell back below 20. This indicator shows that the need for hedging is probably dwindling, i.e. the interest of the investment community is instead directed upwards. Some stocks are worth keeping on the radar.
time to read: 3 minutes
|
Author:
André Will-Laudien
ISIN:
US36467W1099 , US00165C1045 , DE000A1TNV91 , CA8968121043
Table of contents:
"[...] We have built one of the largest land packages of any non-producer in the belt at over 440 sq.km and have made more than 25 gold discoveries on the property to date with 5 of these discoveries totaling about 1.1 million ounces of gold resources. [...]" Jared Scharf, CEO, Desert Gold Ventures Inc.
Author
André Will-Laudien
Born in Munich, he first studied economics and graduated in business administration at the Ludwig-Maximilians-University in 1995. As he was involved with the stock market at a very early stage, he now has more than 30 years of experience in the capital markets.
Tag cloud
Shares cloud
GameStop and AMC - The second squeeze-wave is underway
Whether Reddit or other platforms - the madhouse is perfect. While analysts warn of the overvaluation of the titles GameStop and AMC Entertainment, the traders, fueled by social media amounts, continue to buy blithely. Again, this leads to significant premiums for both stocks and, at the same time, triggers further short of hedge funds. Earlier this year, an angry mob of amateur investors tried to bring hedge fund Melvin Capital to the brink of bankruptcy. Big investors ultimately had to bail out the hedge fund - but even a bust would have been nothing out of the ordinary for the stock market, with liquidity at an all-time high.
GameStop has risen again by 80% in the last two weeks; the cinema operator AMC even brought it to over 200% plus. Pending losses from short-sellers have recently added up to more than USD 9 billion. The clock can therefore be set according to when the next hedge fund bankruptcy threatens. Whether long investors will have their fun with the two stocks is also not clear because, from a purely analytical point of view, both stocks are highly overpriced. According to an executive at analytics firm S3 Partners, AMC's short sellers have increased their exposure by about 3 million shares in the last month. In contrast, GameStop's short sellers have slowly unwound their positions over the same period. About one-fifth of the shares available for trading in each of the companies remain short. Exciting.
Bitcoin Group - Staring down the line
Cryptocurrencies are slowly calming down after bitcoin corrected more than 50% from the top. Now the comments of market participants hold the balance. Only sporadically, price targets above USD 50,000 are still mentioned. Of course, there are also the prophets who continue to conjure up a rapid rise.
One of them is Mark Yusko, the CEO of Morgan Creek Capital. He sees even more potential for the No. 1 cryptocurrency after the correction than ever before. He boldly predicts a price of USD 250,000 per BTC within the next 4 to 5 years. Bitcoin, in his opinion, will relentlessly chase the monetary value of gold (currently around USD 4 trillion) and soon reach a capitalization of USD 5 to 7 trillion.
Bitcoin Group's stock is a profit driver of the whole digital currency revolution. As an investment company and trading platform, the Company benefits from both the processes and the general market development of the entire asset class. The Bitcoin Group share price has settled at around EUR 40 after a 50% crash. Currently, investors are staring at the line because it will certainly go up again with the next BTC rally.
Triumph Gold - A good opportunity in the Yukon
Those who doubt the value of cryptocurrencies should turn more to gold. Here, there was most recently a chart breakout above USD 1,830. Now the USD 2,000 mark is in the picture. Parallel to this, silver and platinum are also running upwards.
It has recently become somewhat quieter around the share of Triumph Gold Corp, formerly known as Northern Freegold Resources Ltd. But since one week the value increased without warning a good 25%. I wonder if some are already suspecting the next gold find. Triumph is a Canadian-based explorer focused on a few properties in the Yukon Territory. The flagship project hosts three world-class mineral deposits in the extensive section of the Big Creek fault zone.
Newmont is a well-known shareholder of Triumph Gold and operates its Coffee Creek project in the immediate vicinity. The existing infrastructure also benefits both companies. In 2021, Triumph secured the Big Creek property, which is expected to host gold and industrially recoverable copper. Drilling is currently underway in both areas, and the potential of the Dawson Range copper-gold district has already been historically proven. As a result, we expect timely surprises.
Triumph's stock has a current capitalization of just under CAD 30 million at a price of CAD 0.21 per share. Triumph Gold is a very promising addition given high inflation figures and rising precious metal prices.
Conflict of interest
Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as "Relevant Persons") may in the future hold shares or other financial instruments of the mentioned companies or will bet on rising or falling on rising or falling prices and therefore a conflict of interest may arise in the future. conflict of interest may arise in the future. The Relevant Persons reserve the shares or other financial instruments of the company at any time (hereinafter referred to as the company at any time (hereinafter referred to as a "Transaction"). "Transaction"). Transactions may under certain circumstances influence the respective price of the shares or other financial instruments of the of the Company.
Furthermore, Apaton Finance GmbH reserves the right to enter into future relationships with the company or with third parties in relation to reports on the company. with regard to reports on the company, which are published within the scope of the Apaton Finance GmbH as well as in the social media, on partner sites or in e-mails, on partner sites or in e-mails. The above references to existing conflicts of interest apply apply to all types and forms of publication used by Apaton Finance GmbH uses for publications on companies.
Risk notice
Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and etc. on news.financial. These contents serve information for readers and does not constitute a call to action or recommendations, neither explicitly nor implicitly. implicitly, they are to be understood as an assurance of possible price be understood. The contents do not replace individual professional investment advice and do not constitute an offer to sell the share(s) offer to sell the share(s) or other financial instrument(s) in question, nor is it an nor an invitation to buy or sell such.
The content is expressly not a financial analysis, but rather financial analysis, but rather journalistic or advertising texts. Readers or users who make investment decisions or carry out transactions on the basis decisions or transactions on the basis of the information provided here act completely at their own risk. There is no contractual relationship between between Apaton Finance GmbH and its readers or the users of its offers. users of its offers, as our information only refers to the company and not to the company, but not to the investment decision of the reader or user. or user.
The acquisition of financial instruments entails high risks that can lead to the total loss of the capital invested. The information published by Apaton Finance GmbH and its authors are based on careful research on careful research, nevertheless no liability for financial losses financial losses or a content guarantee for topicality, correctness, adequacy and completeness of the contents offered here. contents offered here. Please also note our Terms of use.
