• Tag Archives Crypto
  • Traders Scramble To “Explain” Sudden Nasdaq Swoon

    After surging in early trading, the Nasdasq – together with various cryptocurrencies – suddenly slumped and dropped as much as 1% from its intraday highs two hours into trading. That’s what traders could agree with; where they clearly disagreed, was on the reason for the swoon with everything from the velocity of last week’s rally, this morning’s economic data and the Supreme Court’s decision to hear arguments on the Trump administration’s travel ban and being cited according to Bloomberg.
    In other words, everyone blissfully rode the momentum on the way up, and now it’s time to come up with the most convincing story why there are more sellers than buyers.

    This post was published at Zero Hedge on Jun 26, 2017.

  • The Collapse Will Be Driven By A Credit Collapse, Has The Date Been Set? – Episode 1315a

    The following video was published by X22Report on Jun 25, 2017
    Corporations are now looking at block-chain technology. Visa, Microsoft and many others are turning towards the crypto world while the corporate media and the banking community will begin to tell you how bad the block-chain is. The BIS is warning that a recession is headed our way, the corporate media is already putting out more articles of a recession. Goldman, Citi and BofA are now blaming the Fed for the past recessions. A Hedge fund manager has predicted a date of the collapse of the economy, now you know we are getting close.

  • Understanding The Cryptocurrency Boom

    I recently came across a December 1996 San Jose Mercury News article on tech pioneers’ attempts to carry the pre-browser Internet’s bulletin board community vibe over to the new-fangled World Wide Web.
    In effect, the article is talking about social media a decade before MySpace and Facebook and 15 years before the maturation of social media.
    (Apple was $25 per share in December 1996. Adjusted for splits, that’s about the cost of a cup of coffee.)
    So what’s the point of digging up this ancient tech history?
    Technology changes in ways that are difficult to predict, even to visionaries who understand present-day technologies. The sources of great future fortunes are only visible in a rearview mirror. Many of the tech and biotech companies listed in the financial pages of December 1996 no longer exist. Their industries changed, and they vanished or were bought up, often for pennies on the dollar of their heyday valuations.

    This post was published at PeakProsperity on Friday, June 23, 2017.

  • Gold and Silver Are “Asymmetric” Trades

    An asymmetric trade is a situation where investing a relatively small amount of money holds the potential of yielding a profit many times the amount of the original sum at risk. In other words, where the risk to reward is skewed massively in the direction of reward.
    This took place recently with Bitcoin (BTC). Is this conceptually different from bets made years ago on Microsoft, Cisco, Amazon, or Facebook, which yielded hundreds of percent profit to intrepid investors? Does it have relevance to the possible returns during the next few years for those who hold physical gold and silver?
    I would answer “yes” and “yes.”
    The current “mania” in the cryptocurrency space – most notably BTC and Ethereum (ETH), along with a few other “app coins” – offers an in-future lesson for a similar setup in the precious metals. (For more on the above topic, see “The Blockchain: A Gold and Silver Launchpad?”
    First: This may be the first time ever that an investment “story” has had the ear and investment dollars of a global audience on a simultaneous basis. Individual investors, hedge funds, businesses, and even countries, are sending a torrent of funds, with the effect, to paraphrase Doug Casey’s famous remark, of “trying to push the power of the Hoover Dam through a garden hose.”

    This post was published at GoldSeek on Friday, 23 June 2017.

  • 10 Fold Increase in Cryptocurrencies by Year-End | BrotherJohnF

    The following video was published by SilverDoctors on Jun 19, 2017
    Money is rushing into cryptocurrencies, but are the biggest moves yet to come? John from the Silver for the People blog would not be surprised if the cryptocurrencies sector increased ten-fold by the end of 2017.
    Can cryptocurrencies be stopped? John says individual cryptocurrencies might fail, but cryptocurrencies in general will survive. Cryptocurrencies may become the world’s most popular money, John says.

  • The Fed Accelerates The Collapse Of The Economy, The Clock Is Ticking Down – Episode 1306a

    The following video was published by X22Report on Jun 14, 2017
    Time Inc is cutting 300 jobs, Toy R Us is in trouble as sales continue to decline. Retail sales numbers are out and sales in each sector has declined. The retail industry is imploding. GM extends shutdown of more plants as inventories build up. 2nd Quarter GDP has taken another hit as the economy rips itself apart. Bundesbank’s warns that they are now looking at the biggest asset bubble they have ever seen and cryptos might cause everything to crash. The US Gov/Central Banks are going after cryptos now. The Fed makes their move and they raise interest rates. They have now just accelerated the collapse of the economy. As BoA reports when the Fed tightens we end up with an event.

  • Bundesbank’s Weidmann: Digital Currencies Will Make The Next Crisis Worse

    When global financial markets crash, it won’t be just “Trump’s fault” (and perhaps the quants and HFTs who switch from BTFD to STFR ) to keep the heat away from the Fed and central banks for blowing the biggest asset bubble in history: according to the head of the German central bank, Jens Weidmann, another “pre-crash” culprit emerged after he warned that digital currencies such as bitcoin would worsen the next financial crisis.
    As the FT reports, speaking in Frankfurt on Wednesday the Bundesbank’s president acknowledged the creation of an official digital currency by a central bank would assure the public that their money was safe. However, he warned that this could come at the expense of private banks’ ability to survive bank runs and financial panics.
    As Citigroup’s Hans Lorenzen showed yesterday, as a result of the global liquidity glut, which has pushed conventional assets to all time highs, a tangent has been a scramble for “alternatives” and resulted in the creation and dramatic rise of countless digital currencies such as Bitcoin and Ethereum. Citi effectively blamed the central banks for the cryptocoin phenomenon.

    This post was published at Zero Hedge on Jun 14, 2017.

  • Jeff Berwick: Buy Gold and Bitcoin Before the Financial System Fails

    The following video was published by The Dollar Vigilante on Jun 13, 2017
    Jeff is interviewed on May 28, 2017, by Charlotte McLeod for the Investing News Network, topics include: cryptocurrencies, bitcoin up 80,000%, in a bubble? gold and gold stocks, financial collapse, SDR and one world government, interest rates, The Dollar Vigilante solutions.

  • The Opening Of A Second Front Against the Gold Cartel – Rob Kirby

    The following video was published by SilverDoctors on Jun 9, 2017
    Will the Run Up of Cryptocurrencies Serve To Be The Undoing of the Gold & Silver Cartel?
    Expert Analyst Rob Kirby Joins Us For A MUST LISTEN Show: The Cartel Had to Get Their Gold Butt Kicking in Early! $4 Billion Shellacking An Attempt to SMASH Sentiment! Why is Silver Open Interest At Historic Highs At LOW Prices? Kirby Reveals Why Silver is Bankster KRYPTONITE Katie Bar the Doors: Once the Cartel is Overwhelmed With PHYSICAL Demand That Can’t Be Met – the Supressors of Price Will Become BUYERS You Will See Gold & Silver Trading the Way the Cryptos Have the Past 3 Months

  • David Morgan: Cryptocurrencies Can be Profitable for Nimble Investors

    The following video was published by The Morgan Report on Jun 5, 2017
    Morgan also discusses the metals he’s interested in right now and explains why he thinks gold and the blockchain could eventually be used together.
    David Morgan is best known for his commentary on precious metals, particularly silver, but as he’s emphasized in the past, The Morgan Report covers a wide array of commodities and investment opportunities. At the recent International Metal Writers Conference, he proved that point with a presentation that covered precious metals and the blockchain.

  • GOLD, SILVER or BITCOIN-CRYPTO CURRENCIES: Where Will The Big Money Be Made?

    When the Central Banks finally lose control of propping up the markets, will the BIG MONEY be made in owning gold, silver or crypto-currencies? This is the question many investors who are focused on ‘alternative assets’, outside the typical mainstream stock, bond and real estate markets, are asking.
    Most investors who have been concerned about the massively inflated Bubble Markets and the Greatest Financial Ponzi Scheme in history, have been investing in gold and silver. However, a new kid on the block, called Bitcoin and the other crypto-currencies, have gained a lot of attention due to the huge increase in their prices over the past few months.
    So, now many investors are wondering what to make of these extremely volatile crypto-currencies and if they are nothing more than purely speculative and gambling vehicles. This is a logical assumption based on the massive spike in many of their crypto-currency values.

    This post was published at SRSrocco Report on JUNE 2, 2017.

  • Deutsche Bank Calculates The “Fair Value Of Gold” And The Answer Is…

    Over the past three years, gold has found itself in an odd place: while it still remains the ultimate “safety” trade and store of value should everything go to hell following social and monetary collapse, when it comes to “coolness” it has been displaced by various cryptocurrencies, all of which have vastly outperformed the yellow metal in recent months. Meanwhile, central banks continue to pressure the price of gold to avoid a repeat of 2011 when gold nearly broke out above $2,000, putting the fate world’s “reserve currency” increasingly under question. As a result, gold has traded in a rather somnolent fashion, range bound between $1,100 and $1,300 over the last few years, failing to break out on either side.
    But is that a fair price for gold?
    That is the question Deutsche Bank’s Grant Sporre set out to answer in a special report released overnight, which among other things finds that gold is a “metal” full of paradoxes.
    Here is what Deutsche Bank found: as Sporre contends, in order to determine whether gold is cheap or expensive, one must first define what gold actually is.
    At its simplest form and yes we are stating the obvious, gold is a shiny yellow metal, relatively scarce and mined from the earth’s crust. Valuing the metal should then be just as easy? Gold is a simple commodity, governed by supply and demand, and valuing it should bear some relationship to the cost of digging it out of the earth? But it turns out; gold’s nature is far more mercurial. Gold can be many things to many different people – a store of value, a financial asset, a medium of exchange, a currency, an insurance policy against disruptive events or global uncertainty and even a ‘barbarous relic*’ according to John Maynard Keynes. (*As with any famous quote, there are suggestions that the term was not originally coined by Keynes himself, nor that he was actually referring to gold, but rather to the constraints of the gold standard at the time).

    This post was published at Zero Hedge on Jun 1, 2017.