Head of state announces city powered by volcano that will develop Internet money.”
There was a time when a story like that would sound like an opium addict’s fever dream.
But that’s pretty much what just happened. President Nayib Bukele of El Salvador announced that a city would be built using power from the Conchauga volcano.
And it would be entirely dedicated to Bitcoin.
“Residential areas, commercial areas, services, museums, entertainment, bars, restaurants, airport, port, rail – everything devoted to Bitcoin,” the president said.
There will be no taxes save one – a Value Added Tax.
This is beyond being bullish on Bitcoin. This is obsessive.
Yet Bitcoin is down going into this morning. As Dr. Kent Moors points out, there’s some troubling developments with a company that has previously returned a triple-digit win for his Sigma Trader subscribers.
Even when you see a major political development or a utopian plan, you can’t count on it moving stocks or commodities the way you want in the short-term.
You’ve got be able to see the signs… know what they mean… and have the flexibility to act at the perfect time.
We may be entering one of those times. There’s a lot of talk about whether the Federal Reserve is correctly handling inflation. Yet that probably will dominate the next month… not this one.
Short-term, I’m seeing nothing but opportunities that I can’t wait to share with you all.
This week may have some modified trading hours, but we’ll be working just as hard.
We’re not just thankful with what we have. We don’t think you are either.
Let’s go out and get more.
The Christmas Rally… it’s something all investors know about…or at least think they do.
This is one you don’t want to miss.
WORD ON THE STREET
♫ Take Me Down To The Bitcoin City… ♫
Disney (DIS) Halts Vaccine Mandate – Though more than 90% of workers are reportedly vaccinated, Disney World in Orlando, Florida has halted its vaccine mandate. The move comes as Florida Governor Ron DeSantis, a Republican, signed legislation restricting mandates by employers. COVID-19 cases have increased 16% compared to the previous week according to the CDC’s Friday report.
Volcano Crypto For Central America – Controversial political figure and Bitcoin booster Nayib Bukele announced plans for a “Bitcoin city” in the south-eastern region of La Unión, El Salvador. El Salvador recognizes Bitcoin as legal tender. While many have embraced Bukele’s vision, some merchants in the country are against it because they are now legally obligated to accept currency that can quickly change in value.
Another Insider Sale At Tesla (TSLA) – The EV titan’s stock has recovered from Elon Musk’s recent sales, but shareholders are bracing for impact after another report. CFO Zachary Kirkhorn (otherwise known as Tesla’s “Master of Coin”) has sold 1,250 shares, pocketing more than $1.3 million. Cathie Wood’s Ark Invest has also recently sold about 27,000 shares.
Coal Country Booming – It’s safe to say West Virginia Senator Joe Manchin has been Joe Biden’s bane over the last few months. The unofficial king of the Mountain State now has another card to play – coal prices recently hit a 12 year high, even as President Biden is pressuring Senator Manchin to support a Democrats-only social spending bill focused on clean energy. Look for Senator Manchin to make sure West Virginia gets some pork – and coal stays protected.
Did you miss Options Coach Chris Hood’s landmark event? Chris does a deep dive into his cornerstone strategy that has been paying him every week for years…
Click below to watch now.
HOT SPOTS: What’s Going on in Geopolitics
Europe Explodes Over New COVID Lockdowns – Throughout the Continent, Europeans have taken to the streets to protest new COVID-19 lockdowns amid a surge in new cases. Italy, France, Belgium and other nations have seen large protests. In the Netherlands, two were wounded during protests in which police fired warning shots.
Russia And USA Play Battleship – The United States has sent ships into the Black Sea in what Russian president Vladimir Putin called a “serious challenge for us.” Russian helicopters, a frigate and a cruiser are shadowing the small American and allied fleet. The worst-case scenario would be a miscalculation that leads to an unnecessary military showdown.
China’s Hypersonic Missile Tests Science – A new report claims that China’s recent hypersonic missile test involved a missile firing another missile mid-flight. The Financial Times reports scientists at DARPA, the American military’s research agency, are struggling how China achieved a feat which supposedly overcame the constraints of physics.
CUTTING EDGE: What‘s Happening In Tech
FDA Approves Drug For Dwarfism – BioMarin Pharmaceutical (BMRN) has received approval from the FDA for the first drug that treats dwarfism that results from the disease achondroplasia. Voxzogo is a once-daily injection that will help children with the disease, though the drug doesn’t treat any of achondroplasia’s other complications.
Sierra Space Gets Huge Funding Boost – Sierra Space has been working for years to develop a spaceplane called “Dream Chaser” that harkens back to the days of the space shuttle. It has struggled to win contracts from the government, but that may change. The company has reportedly executed a successful Series A funding round – raising about $1.4 billion.
West Fights Drought With Cloud Seeding – America’s West faces a major drought, but states are looking to overcome it via technology. Idaho is expanding its cloud-seeding effort to generate more water. Though the technology doesn’t sound new, evidence has only recently showed that cloud seeding definitely increases snowpack levels.
Technology got us in this mess, technology can get us out
FOR YOUR CONSIDERATION
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