The Practical Islamic Finance Podcast

Exciting Times Ahead!

Rakaan Kayali

► If you enjoyed the episode, please leave us a good review!

► More from PIF: https://linktr.ee/practicalislamicfinance

Exciting Times Ahead!

In this episode, we will cover:

  • Intro and Market Overview
  • Tempest Stock Up 15%
  • Gold and Silver Price Moves
  • Bitcoin Price Outlook & M2 Liquidity
  • Tesla Robotaxi Trademark and June Updates
  • Ride-Share Disruption: Tesla vs Uber & Lyft
  • Damascus Stock Exchange Reopens
  • Lithium Prices & Sayona-Piedmont Merger
  • Final Thoughts and Q&A 

CONTACT US

salam@practicalislamicfinance.com

ABOUT OUR PODCAST
Our podcast is about helping people ethically build wealth. We cover a broad range of topics, including stock and crypto investing, product reviews, and general financial well-being.

DISCLAIMER
Anything you hear in this video is an opinion. It is not personalized financial advice. Make sure you do your due diligence before making any investment decisions.

As-salamu alaykum everyone. I hope you are doing well. Today is Monday, June second, the first trading day of June. Can you believe it? We're already in June. The markets have kind of shrugged at the escalating tensions between the US and China. They kind of don't believe the saber rattling that's going on. We also had some geopolitical events happen with uh ukraine special operation inside russia but the market doesn't seem spooked at all it's kind of used to it at this point the uh nasdaq was up point seven one percent the s p was up point four one percent dow jones was flat russell was up point three one percent the ten year the u.s treasury is up one percent and the vix is down one percent so pretty flat all around if we're looking at some of the names that we talk about on this channel You basically have Tempest up fifteen percent. Remember when I went over that short report and told you guys I wouldn't put too much weight on it. That being said, it was overextended valuation wise. Today it is up fifteen percent after the retreat that it experienced last week. Gold is close to thirty four hundred. it is very likely that gold may hit four thousand uh this year and uh we have silver up in a big way today I saw on our uh pif discord community uh people asking about investing in silver and that's for good reason we'll talk about that in a second Bitcoin's at just shy of one oh five and Doge is below twenty cents a token. But I honestly am really excited about the times ahead and what lies before us. I am extremely optimistic about some of the positions that we talk about on this channel. If we're looking at Bitcoin, Bitcoin, for example, we did get the M two update from the money supply update from the Fed. Does seem like liquidity is rising. M two is rising and there's a strong correlation. That's what you see in yellow, the liquidity that is. And there's a strong correlation between that and the Bitcoin price. And so I do think that Bitcoin's price is supported by liquidity levels. We're probably not going to see a sharp pullback in the price of Bitcoin that is sustained, that is. Obviously, you could get a pullback that is induced by liquidity. by people getting margin called. Obviously, there's a lot of leverage in the system, but that will be very short-lived. And what's really exciting this month is that there should be a lot of updates from Tesla. We did get... Something noteworthy where no production was reported from Tesla's Gigafactory in Tesla. That may be a function of them changing the molds out, maybe starting production of or getting prepped to start production for their lower cost vehicle or maybe the robo taxis themselves. And Tesla filed a trademark for Tesla Robotaxi. This thing is coming June. We'll have will be the start of the experiment. And I think that obviously there's going to be hiccups. There's going to be things that need to be solved. But we've been waiting for this moment for years as Tesla investors. And it's finally here. This is very exciting. I think it's going to. really impact all of our lives eventually. And I think that the speed of rolling this out is going to surprise a lot of people. And Uber and Lyft, they seem to be cooked, as far as I can tell. If you look at San Francisco, for example, the percentage share that Uber has in rides, that's in the black line. Lyft is in the magenta, and Waymo is in the blue line. And you can see the percentage that Waymo, even though Waymo rides are more expensive, they take longer, the percentage share of Waymo rides is increasing with time, whereas Lyft and Uber are falling. Now imagine when Tesla robo taxis start becoming an option, they're cheaper, faster. And imagine, you know, the how quickly uh that's gonna grow as I always say that the tesla vehicles they're already on the road these are capable of becoming robo taxis and the apps are already on people's phones they don't even need to be downloaded tesla users use the app almost every day and so uh rolling out could be very quickly And with the moves in Bitcoin and Tesla, gold is up, as we mentioned, close to thirty four hundred and it's. at least historically, been the case that silver follows after gold. And so gold makes the first move, then silver. We kind of got a taste of that. Gold was up two percent today, silver up five percent. So will this trend hold that's why investors were asking on the pif discord about investing in silver and that's why I think it's a legitimate question to ask the correlation seems to be quite strong between gold and silver and bitcoin although not correlated with gold or silver not yet at least it did have its highest close ever uh at the end of may and so who knows uh this could be laying the groundwork for a very healthy june uh for bitcoin now typically the first half of the month tends to be a bit slower and then picks up towards the second half of the month but The timeline this year is very out of whack because we had to go through that tariff situation and that threw the cycle off. So I think you're going to see a breaking of some of the patterns that we saw in previous cycles. That being said, as I mentioned, the liquidity picture does support, I think, additional bullishness and certainly the mvr vz score for bitcoin does as well and As if I couldn't be more excited, Damascus Stock Exchange is back. For those who don't know, I am originally from Syria and I cannot wait for eventually to place my first trade on the Damascus Stock Exchange. And with that being said, let us go to questions. My own channel says, Assalamu alaikum brother Tesla or Bitdeer. I've got some cash. Check out our rankings on our watchlist page and make a decision. I think that's the best way to go about it. Now look at our conviction scores and upside left and the upside conviction score that we assign for our watchlist items. And I think that would be a good way to make a decision. Salamat Rashad, it's always a pleasure having you. Thanks for joining. Hamid says, Salam, any update for lithium prices? Not really. They've been doing a whole bunch of nothing, lithium has, but we do have some activity that should happen before mid-year, so before the end of this month regarding the Sayona and Piedmont. merger so we'll see if that ends up being a catalyst for the stock and perhaps we get some movement on the price of lithium which would be great I mean these companies I think are just woefully undervalued and been been in the penalty box for a very long time and it's about time that they catch a break so we'll see Musa asks, do you think Tesla will drop more? I don't know, but we could only be so lucky if it drops more. I think it would be an opportunity to add more, inshallah. With that being said, if you enjoyed this live, do leave a like. I would appreciate that. And become a PIF member if you haven't already. Until next time, make sure to take care of yourself. Assalamualaikum and peace be upon you all.