Precious Toasted

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Late in January, a fellow Substack chap was bragging about how his newsletter (focused on the bull market in precious metals) was the single hottest item on Substack. I came this close to warning him that I know precisely what it feels like to be on top of the world, and to watch out. I didn’t bother, since I knew it wouldn’t resonate with him (or any other human) but I’ve got a feeling his subscribers are truly wondering WTF is going on. Simply stated, precious is toasted for the foreseeable future.

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Cannabis Approaches Breakout

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The US Cannabis Industry, as represented by the ETF, MSOS, is quietly approaching key resistance to a base breakout

The US Cannabis industry, and in particular, the multi-state operators (MSO) are sneaking toward a key breakout point in the volatile rally that has ensued since the Trump administration put out this executive order in December:

Increasing Medical Marijuana and Cannabidiol Research

Here is the sector ETF, MSOS, contemplating a would-be breakout, as the sector looks toward a potential expansion of rescheduling from Schedule 1 to 3.

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