Bob Moriarty: Get Ready For A Cascading Default From The Crypto Crash

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Posted by Bob Moriarty via Energy & Gold Ltd.

on Thursday, 18 January 2018 06:27


Chart from Clive Maund

Bob Moriarty, founder of 321gold, has been adamant about Bitcoin and cryptocurrencies being the biggest bubble we’ve ever seen. He has been incredibly accurate in our recent conversations, calling Bitcoin a bubble that had burst in our last conversation on December 22nd, even offering a prescient quote “the bubble has popped but most people don’t know it yet.”

He hasn’t become any more optimistic on cryptos in the last few weeks, in fact he sees a much deeper decline coming and this time Bob offers somewhat surprising advice to investors given his usual bullishness on precious metals.

....continue reading HERE


....also from Bob Moriarty:

Altamira Begins Releasing Results




Victor Adair: Momentum Accelerates

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Posted by Michael Campbell & Victor Adair

on Tuesday, 16 January 2018 13:45

Victor Adair on the US dollar Index breaking down sharply lower below the 2016 & 2017 lows in first few weeks of 2018 while stocks, crude oil, interest rates & Gold move sharply higher 

Screen Shot 2018-01-16 at 1.41.07 PM




A Precise Target for Dollar's Plunge

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Posted by Rick Ackerman

on Tuesday, 16 January 2018 06:39


The 91.57 downside target we were using for the dollar looked promising as a place for a powerful bounce to occur. Instead, sellers crushed it on Friday, putting in play a significantly lower target at 88.29 that I would rate as almost certain to be reached.

If so, it would add 2.9% to the Dollar Index’s so far 12.4% decline from the 103.82 high recorded a year ago. It would also undoubtedly quicken the inflation drumbeat we’ve been hearing recently from the usual, benighted  sources — i.e., the news media, professional economists and talking heads. I expect my new target, a clear and compelling Hidden Pivot support, to resist sellers for a while, at least. But if it gives way relatively quickly — and by that I mean within a day or two of first being touched — I would infer that the U.S. dollar is headed significantly lower. At the same time, we could expect to see the continuation of some big trends, including lower prices for Treasury bond and notes, and higher prices for stocks, crude oil, precious metals and of course bitcoin. 

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Dollar Tumbles As Euro Soars To 3-Year High; US Markets Closed

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Posted by ZeroHedge

on Monday, 15 January 2018 06:53

With US markets closed for holiday, it has been a quiet, low-liquidity European session, with Asia similarly subdued, while continued USD weakness, now in its 4th consecutive day, has been the main focus as Bloomberg’s dollar index approached its lowest level in three years, helping push the euro up to its strongest since 2014.

Indeed, in lieu of active equity markets, it's been all about FX and the tumbling dollar and overnight the EURUSD rose to a new three year high just shy of 1.23 before easing off, while cable briefly rose above 1.38 - its highest level since Brexit - and the Mexican Peso was well supported by an unconfirmed Axios reports that was Trump softening his stance on Nafta, at least until Reuters denies it.

EURUSD 1.23 0

The Euro was boosted by growing expectations of tighter monetary policy from ECB, while the chance of a pro-European Union coalition in Germany also boosted confidence in the continent.

“The latest leg up in the euro has clearly come from optimism that the German government is moving towards an agreement for a coalition government,” said Investec economist Victoria Clarke.

....much more HERE



Governments Crack Down on Cryptocurrencies

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Posted by Banyan Hill Investments

on Friday, 12 January 2018 07:00

bitcoin-investmentsAfter hitting $20,000 in mid-December, bitcoin prices keep drifting lower.

Looking at the news, it’s clear to me why this is happening.

On Monday, the Financial Industry Regulatory Authority (FINRA), the organization that regulates brokers, advisers and financial institutions in the United States, announced that it was going to focus on cryptocurrencies.

FINRA is a big deal if you manage money or if you are a financial adviser … you have to follow its rules and subject yourself to its examinations.

Merrill Lynch, one of the biggest financial broker and advisory companies in the U.S., banned any cryptocurrency investments in its accounts.

The Chinese government this week announced a plan for an orderly end to bitcoin mining.

That’s right after Visa Europe canceled cards that allowed users to access bitcoin.

This comes right after the South Korean government started requiring real names for all cryptocurrency transactions. The government also banned banks from opening accounts for virtual currencies.

The Indian government is waging war on bitcoin and cryptocurrencies by choking the flow of cash to anyone who’s trading these assets.

If you’ve been in markets long enough, you can see a familiar pattern here…

Putting the Squeeze on Cryptocurrency Investments



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