After hitting a record $69,000 USD in November, Bitcoin has suffered a series of lower highs and lower lows and in a steady descent over the course of two months, has lost about $26,000 in value. Just since January 1, Bitcoin has lost about $4,000. At present, Bitcoin is skirting just above and below the $43,000 mark. Hawkish FED minutes from December's FOMC meeting and rising jobless claims pulled investors away from riskier assets, including Bitcoin. Another factor that may be affecting Bitcoin is the ongoing uprising in Kazakhstan. It just so happens that Kazakhstan was the second biggest miner of Bitcoin in 2021.

Gold is down about $38 per ounce from its high yesterday of about $1830 but is already showing signs of fighting its way back above $1,800. At present, gold is at $1793.

Silver took a big hit overnight, dropping $1.20 per ounce and briefly dipping below $22 but has already recovered 20 cents and is presently at $22.22 per ounce. This presents an excellent buying opportunity for silver. The BTFDers are already hard at work as shown in the sudden upward trend in the chart below, courtesy of Kitco. Silver appears to be holding the $22 mark (See OwnX link below to set up weekly / monthly purchases).

Etherium was down 5.2% overnight and is presently at $3410. Etherium was at about $4500 at the beginning of the second week of November and like Bitcoin, has been steadily going down and this morning is skirting the $3400 mark, a $1,100 drop in two months.

The Nasdaq is down 3% overnight and according to a kitco article out this morning, this is the Nasdaq's biggest one day drop since last February. The Dow Jones Index is down about 170 points and is hovering around 36,250. The S&P is down about 15 points and is now at 4685.

Remarkably, the Dow opened in 2017 at 19,872 and has almost doubled in 5 years. Thank the FED and all the other central banks and their printing presses for this little miracle. This should give a hint that this everything bubble is full of hot air.

Bitcoin is a great thing but who can afford a Bitcoin nowadays at present prices?  You can easily buy 1,000 ounces of pure .9999 silver for the price of one Bitcoin. In fact, I believe the Bitcoin whales out there are going to turn their attention to silver eventually, if they haven't already. Imagine, just 10 Bitcoins can buy 10,000 ounces of silver or 100 Bitcoins can purchase 100,000 ounces of silver. Just 1,000 Bitcoins can purchase 1 million silver ounces today.

I may have lost out on Bitcoin but I have not lost out on silver. I'm just waiting patiently for the day when silver takes back the shine that was taken from it by crypto-currencies and the stock market. Remember that bubble full of hot air mentioned above. It is now apparent that silver is the one and only thing that HASN'T gotten caught up in the everything bubble. Please keep this in mind when investing and remember to diversify.

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