Crypto in trouble with high rates, QT and inflation

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  • Thungela (JSE code: TGA). Coal prices doing great, production is good but rail is the problem but HEPS is expected at 5800c. If we double for the full year we can expect ±R116 and a dividend of ±R100?
  • Stor-Age* (JSE code: SSS) results are not exciting but steady.
  • Omnia (JSE code: OMN) results were really strong, another special dividend and good future prospects.
  • Orion Minerals (JSE code: ORN) raises money to get their Prieska up and running. Expected to take some 19 months.
  • Amazon prime coming to South Africa next year. It will seriously challenge Takealot, owned by Naspers (JSE code: NPN)).
  • City Lodge* (JSE code: CLH) trading update show them cash flow positive with occupancies back in profit.

* I hold ungeared positions.

Crypto in trouble

Not an inflation hedge nor a store of value. Just another risk asset. The problem is as QE ends and rates rise, will it still see a strong inflow of money? I think not.

It’s not the end crypto, but new highs could be some way off.

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