Patton Capital Management

09/29/2024

Bitcoin attempted rally hinges on momentum increases into stratospheric levels, represented by new waves of buying.
EFT flows are off to good start, but narrow;
accumulation must spread beyond Blackrock and Saylor [MSTR] .
Sharp reversal possible on worsening Mideast war news, but so is strong swift rally on ceasefire.

08/30/2024

Bitcoin's slow motion collapse coming to a conclusion within next 60 days $42k target

08/04/2024

A HOPE NATIONAL NIGHTMARE IS ENDING
Eight years ago, less couple of weeks, close friend called to tell of new History Channel program on Nostradamus, so yea sure. Piece was absolute gunk but had to check reference, felt compelled. Quatrain 10:74 I think because my gaze had to drift down two paragraphs to 10:76, that's when my blood ran cold. 'The great Senate shall triumph one later who shall be driven out' [spelled his name in French TROMPE] It was early September 2016, fix was in, Hillary Clinton was shadow boxing a buffoon, and here's Noted seer from antiquity saying buffoon was going to win.
I panicked what to do, how to prevent this apocalyptic outcome. That Steven King novel, made into a movie starring Martin Sheen, the one the police officer was reading when I came to report my car stolen - The Dead Zone, would, known what I know today, might have considered option, but no point in revisionist history now. Besides that's what Republicans are good at just ask Florida's governor.
Decided to use my blogging skills, after all, hadn't I figured out 'Mabus' the quintessential Nostradamus puzzle of the age? Had not venerated scholar John Hogue told the nationwide listening audience on Coast to Coast AM on March 15th previous year that I was not wrong in my discovery that MABUS was one of those timeline anagrams that the great seer so often used. Standing for ObaMABUSh at the moment of transition seven years previous in 2008 as the two walked together on White House veranda, 'when the comet shall run'; yep green comet on hyperbolic trajectory passing through. So I could do it.
But, tall order getting people to listen/ believe/react. As history shows we lost by some 82/3 thousand just a vote here or there in hundreds of precincts, nothing sinister about that right Hillary? In retrospect good Democrats roll over too easily. Now, there's also 10:73 states of '"great Joker' [sic] too late will they tire of him.'
Hoping this reference is to Republicans not America. VOTE

08/01/2024

Crypto Bubble
Bitcoin hitching future price direction viability/survivability to Trump train presages a victory in November that is far from certain
With possibility of victory sinking daily so too will Bitcoin's price.
Crash possible as reality check ensues.

05/09/2024

TWITTER TALK
Responding to a picture of Donald Trump and daughter Ivanka where he seems to be groping her, I offered that I used to feel sorry for her - Daddy's manhandling and all.
To wit Elon Musk (bot) gives a Like.
Previously on a preceding thread Elon pictures himself standing beside a TRUMP 2024 banner.
So I'm confused is Elon saying he'd vote for an incestuous candidate?
In related article Yahoo determines picture circulating of daddy & daughter posing on bed quarter century ago is not fake.
https://www.yahoo.com/news/fact-check-donald-ivanka-trump-140000481.html

04/28/2024

As one of the richest men in the world launches his Anti- Woke Army in more than thirty countries harkening back to a world this South Africaaner fondly remembers from his youth, money well spent on divisive discourse will once again ensure that nothing changes as we haruang and hurl epithets while the world slowly
Collapses under the surge of Climate Change, Corporate collusion to maintain status quo, reeling from naked aggressive land grabs causing the greatest migratory challenge since WWII.
LET THIS BE OUR EPITAPH

One thing we can say about Authoritan fascists the're good with transportation: Mussolini made the trains run on time / Musk keeps rockets running on schedule.

BLACK HISTORY MONTH - REMEMBER Time fleetingly skips away once again in an increasingly indifferent atmosphere. Calls for action, justice, are drowned in news cycle of "victimized" Right.
We have devolved into AMERIKKA a neo-Fascist Corporate state not unlike a giant vampire squid. Constitutional rights hard won over generations of suffering snuffed summarily by MAGA stuffed SCOTUS.
Economically "bombed" back to the 1950's in terms of income equality, mobility, equal access. What awaits is the abrogation of all rights: return to the days of Black Wall St. bombings - Red Summer of 1919 which lasted over a year and the full return to Jim Crow including the complete censoring of voting rights. In Georgia it is now a crime to offer a voter standing in one of the long voting lines (as access to ballots has been quashed) a GLASS OF WATER!
This is where African Americans were when Marcus Garvey entered the scene 1915-17. By 1920 at his first convention held in Madison Square Garden attendees numbered over 25,000. Yes, he was a threat to statue quo, he was surveilled, arrested of the trivial offense of mail fraud [something POTUS #45 does daily] and imprisoned in 1925.
Here he is at a rally in 1924, that my great uncle standing to his left. Some say he was invited to Harlem a year before to interview for top UNIA position as Garvey knew conviction was near. A fearsome presence and powerful orator he too used his prowess to uplift and unite the downtrodden minorities of this richest of all nations.
Today we need not only a Remembrance but a Rebirth.

04/28/2024

BITCOIN Neutral at the Neckline
Will there be a continuance of the To the Moon rally or will price fail to hold crucial technical level [THIS CONUNDRUM APPLIES TO BIG TECH AS WELL].
While price action looks bearish with trendlines and angles negative we've been in that situation before in this rally. But back then at $24k it was an existential struggle boosted by announced ETF approvals and Wal St money flooded into crypto. We are now on the other side of the equation as reversal in BTC money flows threatens to beget a period of consolidation at lower prices as over zealousness washed [rather violently] out.
The meme maniacs on Twitter captivatingly seducing a Buy & Hold movement will once again draw corraled sheep to slaughter as Wall St is adept in making money both sides of the trade: 'Bulls, Bears, Pigs' only one gets slaughtered goes the saying.
So Quo Vadis 'Wither thou goest'? I never hesitate to point out when Chicago Futures Exchange got involved Bitcoin collapsed 86% before current rebound.

02/19/2024

Celebrating 5th anniversary of my Gold call on Antonia's radio program where we made the market. Thanks Antonia for having me on. Certainly calling for Gold to rise 45% over the next two years to new all-time high was a bold stroke. As the next day was Presidents' Day holiday, then as now, market was closed. However next morning Gold streaked after the open to new high for the move, before slumping Friday into a four month correction then launching a fourteen month rally to $2,000 and ATH.
Since then it has moved sideways, except for a months long downward spike responding to Fed's unprecedented rate rise. Currently trying to push higher but unable to convincingly cross Gann fanline (into white space above).
While reports of central banks buying have supported prices; it may take the increased prosperity afforded Indian women as manufacturing flees from China to India, to support jewelry buying this wedding season.
No kidding, market professionals have long followed trends of Indian wives' buying for wedding season.
Course these days I prefer biotech stocks to Gold. In fact the're better than Gold. Our best pick is Pharma giant Eli Lilly, LLY, riding the crest of the tidal wave of enthusiasm over weight-loss drugs. We feel this trend has years to go as it disrupts the medical establishment.
Thanks again Antonia.

02/19/2024

BLACK HISTORY MONTH - REMEMBER Time fleetingly skips away once again in an increasingly indifferent atmosphere. Calls for action, justice, are drowned in news cycle of "victimized" Right.
We have devolved into AMERIKKA a neo-Fascist Corporate state not unlike a giant vampire squid. Constitutional rights hard won over generations of suffering snuffed summarily by MAGA stuffed SCOTUS.
Economically "bombed" back to the 1950's in terms of income equality, mobility, equal access. What awaits is the abrogation of all rights: return to the days of Black Wall St. bombings - Red Summer of 1919 which lasted over a year and the full return to Jim Crow including the complete censoring of voting rights. In Georgia it is now a crime to offer a voter standing in one of the long voting lines (as access to ballots has been quashed) a GLASS OF WATER!
This is where African Americans were when Marcus Garvey entered the scene 1915-17. By 1920 at his first convention held in Madison Square Garden attendees numbered over 25,000. Yes, he was a threat to statue quo, he was surveilled, arrested of the trivial offense of mail fraud [something POTUS #45 does daily] and imprisoned in 1925.
Here he is at a rally in 1924, that my great uncle standing to his left. Some say he was invited to Harlem a year before to interview for top UNIA position as Garvey knew conviction was near. A fearsome presence and powerful orator he too used his prowess to uplift and unite the downtrodden minorities of this richest of all nations.
Today we need not only a Remembrance but a Rebirth.

11/22/2023

Looks like we git NVDA right Resistance at $$500, no pop after earnings. Glad we bought the breakout at $432. Just as we feared a wk ago.