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Firstly - How to Get FREE Access to My Patreon Content for the Next 5 Years!
The crypto mania is continuing to offer a short window of opportunity for likely only a few more months as Bitcoin continues to trade near well above $50,000 which means virtually anyone with a decent GPU in their desktop PC can make easy money crypto mining in the background, and here s how my desktop PC is actually earning a net $6.50 per day crypto mining in the background, which within 3 weeks earned $136 net of UK electricity costs that resolves to $200 per month, more than enough to cover 5 years of Patreon fees at $3 per month ($180)!
AMD profiting from it s Zen 3 processors if not it s 6000 series GPU s due to lack of supply has meant that AMD s eye watering valuations have evaporated. Gone is Mid 2020 s EC of 317, gone is Novembers 137, AMD not stands on an EC of just 56! Which means AMD IS CHEAP! Thus gets a buy rating of 100%.
AMD is correcting which is good news given the fact that I consider the stock to be cheap in valuation terms. However with heavy support at $74, there is not much downside form the current price of $84. The current downtrend is pending reversal which could happen at any time. AMD s buying level remains at $78, though do take note that the Buy rating is 100%, so personally if I were looking to buy AMD stock then I would at least buy some at the current price with perhaps a limit order to buy more at $78.
Covid Current State
Firstly what s the current state of play in the deadly global pandemic game of vaccinate before the next Big variant wave hits.
The UK and US are beating the Covid monster through the aid of their highly successful mass vaccinations programme, with so far the US being able to fend off the death consequences of the UK strain that is fast becoming the dominant strain across the states. meanwhile most of the European Union is suffering a third wave.
So whilst the number of cases WILL rise in the US, unlike the nightmare under the final year of the Trump Presidency, all the signs are pointing to a far less deadly outcome and thus both nations are converging towards the end of most of the major restrictions in day to day life that have crippled economic activity for many businesses. That and accelerated central bank money printing which has flooded the markets with asset price inflation.
NVIDIA Stock ARMED and Dangeorus! :: The Market Oracle ::
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