
Will it break above $1?. That’s the question millions of crypto watchers are asking now.
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Most Recent Articles
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What the Mainstream Doesn’t Get About BitcoinBy Syndicated Publisher on August 16, 2017 | No CommentsThe real demand for bitcoin will not be known until a global financial crisis guts confidence in central banks and politicized capital controls. I’ve been writing about cryptocurrencies and bitcoin for many years. For example: Could Bitcoin Become a Global Reserve Currency? (November 7, 201...
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Really Bad Ideas – Part III: Government Debt Is...By Syndicated Publisher on August 16, 2017 | No CommentsThe failure of fiat currency and fractional reserve banking to produce a government-managed utopia is generating very few mea culpas, but lots of rationalizations. Strangest of all these rationalizations might be the notion that government debt is not really a liability, but an asset. Where personal...
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Top 3 Technical Tools Part 1: Japanese CandlesticksBy Syndicated Publisher on August 16, 2017 | No Comments“I always will be an Elliottician, but other technical tools have merit and are indeed worthwhile: they allow me to build a case, build a more confident reason for making a forecast and for taking a trade; making a trading decision.” -Jeffrey Kennedy I recently asked Trader’s Class...
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Gold Stocks Coiled SpringBy Syndicated Publisher on August 16, 2017 | No CommentsThe gold miners’ stocks have largely ground sideways this year, really lagging gold’s strong rally. That lack of upside has decimated sentiment, leaving a bearish wasteland bereft of hope. But this deeply-out-of-favor sector is actually a coiled spring, ready to surge dramatically as psychol...
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Dumb and Dumber: The Money Keeps Pouring InBy Syndicated Publisher on August 11, 2017 | No CommentsSomeday, stock, bond and real estate valuations will matter again. And the mechanism by which this return to sanity is achieved will probably be the torrent of money now flowing in from people who, for various reasons, don’t care about (or understand) the prices they’re paying. Millennials, for ...
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Patrick Byrne: Why Cryptocurrencies MatterBy Syndicated Publisher on August 11, 2017 | No CommentsThis week we talk with Patrick Byrne, CEO of Overstock.com, and rare courageous voice within corporate America raising concern that powerful interests on Wall Street are destroying US companies for profit, robbing investors and destabilizing our financial system in the process. Byrne has been an e...
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Regression to Trend: Another Look at Long-Term Market...By Syndicated Publisher on August 11, 2017 | No CommentsQuick take: At the end of July the inflation-adjusted S&P 500 index price was 103% above its long-term trend, up from 101% the previous month. About the only certainty in the stock market is that, over the long haul, over performance turns into under performance and vice versa. Is there a patt...
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Technically Speaking: Bullish But BearishBy Syndicated Publisher on August 10, 2017 | No CommentsOver the last week, I was on vacation with my family taking a much-needed respite from the weekly workload. The good news is that usually when I go out of town, the market crashes. Such was not the case, and in fact, the Dow Industrials hit all-time highs. I pay little attention to the Dow due to t...
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Plan For The WorstBy Syndicated Publisher on August 10, 2017 | No CommentsCurrently, things could not be better. Stocks are hitting all time highs. Confidence is at record levels, and investors are “all in.” But maybe it is just for those reasons that we should take a pause. Records are records for a reason. Every strongly trending bull market throughout history has...
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A Look at NYSE Margin Debt and the MarketBy Syndicated Publisher on August 10, 2017 | No CommentsThe New York Stock Exchange publishes end-of-month data for margin debt on the NYX data website, where we can also find historical data back to 1959. Let’s examine the numbers and study the relationship between margin debt and the market, using the S&P 500 as the surrogate for the latter...
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Technically Speaking: Visualizing 10-Reasons For Caut...By Syndicated Publisher on August 9, 2017 | No CommentsI know…I know… There seems to be absolutely nothing that can derail the current bull market. Geopolitical conflict – NOPE Political intrigue – NOPE Fed Reserve reducing liquidity to the markets – NOPE Lack of expected tax cuts, reform, and infrastructure spending – NOPE, NOPE, and NOPE....
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Ron Rosen: The Dollar And Equities Will Plunge Togeth...By Syndicated Publisher on August 8, 2017 | No CommentsThe dollar has been falling lately, which isn’t what a lot of people expected with the Fed being the only major central bank that’s raising interest rates. Higher yields on dollar balances should, according to basic economics, have attracted foreign capital to Treasury paper, thus putting upward...
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Sugar Investors: “Desperately Seeking…...By Syndicated Publisher on August 8, 2017 | No CommentsOver the last two years, sugar futures have crashed and spiked and crashed again — much like a diabetic without insulin. After plummeting to an 8-year low in September 2015, sugar prices then doubled in a stunning rally to a 4-year high in September 2016, only to turn back down in a 40% sell-o...
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Gold Stocks’ Autumn Rally 2By Syndicated Publisher on August 7, 2017 | No CommentsThe gold miners’ stocks have suffered a lackluster year so far, mostly lagging gold’s solid new upleg. But that vexing underperformance should soon give way to a big catch-up surge. The deeply-out-of-favor gold stocks are now entering their strong season, which starts right about now with a ...
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Is This The Bubble?By Syndicated Publisher on August 7, 2017 | No CommentsAs a portfolio manager, I start each morning by consuming copious amounts of a heavily caffeinated beverage and a data feed from a litany of web and blog sites. Over the last few days, as asset prices have set new records, there have been numerous articles on whether the market is currently in a bu...
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Why Fed QT Bearish for StocksBy Syndicated Publisher on August 4, 2017 | No CommentsOminously for the stock markets, the Federal Reserve is warning that quantitative tightening is coming later this year. The Fed is on the verge of starting to drain its vast seas of new money conjured out of thin air over the past decade or so. The looming end of this radically-unprecedented eas...