Bitcoin Total Wipeout Alert….

 

Clive P. Maund
Posted at 4.30 pm EST on 13th December 17

“The Precious Metals should come back into their own when the various asset bubbles elsewhere burst, which looks set to happen soon now.”

 

 

I have lain in wait before writing this stark a warning on Bitcoin, because if you “cry wolf” too often with something like this, you are simply written off as a fool within days if it carries on up and up. It could yet do so, but now we are seeing really extreme manifestations of mania suggesting that the top is at hand, and if not we are very close to it.Bitcoin has gone more vertical than the vertical face of Half Dome in Yosemite National Park in recent weeks, and those of us with memories of past manias and crashes know exactly what that means. Any old timers amongst you remember shrewd but mercenary upper class types tipping the family silver into the furnace to flog it off at inflated prices in 1979 – 1980 during the terminal spike in silver? Over the past few weeks we have seen Bitcoin boutiques opening in South Korea and heard stories about people mortgaging their houses to buy Bitcoin and borrowing to the hilt, and pundits “playing to the gallery” by proclaiming astronomic prices for Bitcoin in the future, although wait a minute, they’re already astronomic. The more ludicrously high their predictions the more their acolytes love them for it. The next thing you know they’ll be bringing Carlton Sheets out of retirement to do infomercials for aspiring get rich quick Millennials whose ultimate ambition is to become wealthy without doing any work so they can spend even more time fiddling with their Smartphones, and there couldn’t be any more serious warning than that.


Anyway, the pattern on the Bitcoin charts has all the hallmarks of a final terminal blowoff that will be followed by a catastrophic wipeout and probably soon, and when that happens you don’t want to be anywhere near it, either that or short. The inexperienced get rich quick merchants who have been flocking in droves to Bitcoin in recent weeks will be vaporized.
End of update.

 

Forward Guidance: Karim Rahemtulla on Options and Income Generation

By Samuel Taube

Transcript:
Samuel Taube: Joining us today is Karim Rahemtulla, The Oxford Club’s Options Strategist, a contributor to Wealthy Retirement, and the head of Automatic Trading Millionaire. And today we are talking about alternative income and option strategies. Karim, thanks for joining us.

Karim Rahemtulla: Thanks, Sam, glad to be here.

ST: So what are some common misconceptions that you’ve encountered about option strategies? And how would you correct them?

KR: Yeah, the most common misconception is that all options are risky. That’s just not true. What’s risky is if you don’t know what you’re doing.

What we do is teach you how to invest with options in a way that reduces risk substantially. For example, we show you how to buy stocks for up to 50% less than what they’re trading for – how to make Wall Street take on the risk, not you.

These are not things that your broker is going to show you or that you’re going to learn from some kind of option seminar. They’re only interested in propagating this “go long, speculate and try to make a bundle of money with a little bit of money at risk.” And that just doesn’t work.

Now, if you speculate with options, you’re going to lose. Let me say that again. You’re going to lose. We don’t speculate. We make money. So far this year, we haven’t had a losing trade, and our readers have pulled in almost $3 million in cash from the market.

Trading options is like any other investment. You have to know what you’re doing, and that’s why we’re here.

ST: I see. So you just touched on the fact that sometimes options trades really don’t have the riskiness that they’re known for.

Could you give an example of a situation where an option play would be less risky than buying the underlying asset conventionally?

KR: Yes. Yeah, I will. On the long side, for example – if you want to go long, which is not the best way to use an option, although there are ways even on the long side where you can reduce risk – you can use something like a long-term option. That’s referred to as a “LEAPS” (long-term equity anticipation security).

These options cost you 10% to 20% of what you would have to invest in the underlying stock, and you have even better upside. However, the downside is that if the price of the stock doesn’t go up and you own the stock, you’ll still have the stock. If you own the option, after a while the option is worthless unless the stock moves higher.

Imagine a portfolio where 80% of your assets are now in cash, and you still have the same or better upside versus investing 100% in the stock market. So that’s one way that you can use an option trade to reduce your risk substantially, bringing your cash invested down to 20% or less from 100%.

[iu-adbox]

There’s another way – and this is what I specialize in – where you can actually bid on your favorite stock …read more

Source:: Investment You

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TheDailyGold Premium Update #548

By Jordan Roy-Byrne CMT, MFTA

TheDailyGold Premium Update #548 was published late Saturday evening.

The 24-page update included an updated report on one of our top holdings. It was one of our biggest winners of 2017 but has since corrected quite a bit. It is trading around a reasonable entry point. The people involved with this company rate as fantastic and their projects have significant potential. It has a current enterprise value barely above US $40 Million but the potential of two of its projects, individually speaking are 5x-7x that figure.

…read more

Source:: The Daily Gold

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KER Politics – Sat 16 Dec, 2017

By Big Al

Clinton’s dodge another bullet, submitted by Tim Howe
Comey’s remarks on Clinton probe heavily edited

BY ERIC TUCKER Associated Press

JON ELSWICK

Sen. Ron Johnson, R-Wis., says edits to a draft FBI statement on the Hillary Clinton email investigation appear to have watered down the significance of the bureau’s findings. Johnson said he had obtained from the FBI a draft statement that then-Director James Comey produced in May 2016 in anticipation of closing out the Clinton email case. The document shows line-by-line edits. Though the FBI had not yet interviewed Clinton about her use of a private email server, officials had already determined that criminal charges were probably not warranted.

DARRYL DYCK AP

Hillary Clinton

WASHINGTON

A draft statement former FBI Director James Comey prepared in anticipation of concluding the Hillary Clinton email case without criminal charges was heavily edited to change the “tone and substance” of the remarks, a Republican senator said Thursday.

Some of the edits proposed to the May 2016 draft, obtained by The Associated Press, appear to soften the gravity of the bureau’s findings.

Comey, for instance, initially wrote that the FBI believed that Clinton and her aides were “grossly negligent” in their handling of classified information, language also contained in the relevant criminal statute.

But the text was edited to say they were simply “extremely careless” in their use of a personal email server, a phrase Comey adopted for his July 5 public announcement that the FBI would not be recommending charges.

Comey’s ultimate statement also omitted language asserting that the “sheer volume” of information classified as secret at the time it was shared made it reasonable to believe that the former secretary of state and her aides were grossly negligent.

In addition, while Comey initially said it was “reasonably likely” that “hostile actors” had gained access to Clinton’s email server, the text was edited to say that such an intrusion was “possible.”

The original version noted that the FBI had worked with partners in the intelligence community to determine whether the server had been compromised. While it was unclear what significance this had, it was omitted from Comey’s final text.

Though the FBI had not yet interviewed Clinton, then the Democratic candidate for president, at the time the statement was drafted, FBI officials had already determined that criminal charges were probably not warranted and had begun thinking about how to present that conclusion to the public.

Comey on May 2 circulated a proposed draft statement to other senior FBI officials laying out the basis for the eventual decision against recommending charges for Clinton and her aides.

Sen. Ron Johnson of Wisconsin, the Republican chairman of the Senate Homeland Security and Governmental Affairs Committee, said he had obtained from the FBI a copy of Comey’s original draft with proposed line-by-line edits from other FBI officials. It’s not clear from the document which official suggested what changes, though many were incorporated into Comey’s July 5 announcement.

In a letter to FBI Director Chris Wray, Johnson said edits to Comey’s original remarks “appear to change the tone and substance.” He …read more

Source:: The Korelin Economics Report

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What Is Money? (Yes, We’re Talking About Bitcoin)

By Charles Hugh Smith

This post What Is Money? (Yes, We’re Talking About Bitcoin) appeared first on Daily Reckoning.

What is money?

We all assume we know, because money is a commonplace feature of everyday life. Money is what we earn and exchange for goods and services. Everyone thinks the money they’re familiar with is the only possible system of money — until they run across an entirely different system of money.

Then they realize money is a social construct, a merging of social consensus and political force — what we agree to use as money, and what our government mandates we use as money under threat of punishment.

We assume that our monetary system is much like a Law of Nature: since it’s everywhere, it must be the only possible system.

But there are no financial Laws of Nature for money.

In the past, notched sticks served as money. In other non-Western cultures, giant stone disks (rai, a traditional form of money on the island of Yap) and even salt served as money.

In our experience, 1) money is issued by a government or central bank (i.e. a currency), and each of these currencies is the sole form of legal money in the nation-state that issues the currency…

2) Each of these currencies is available in physical coins and paper bills and digitally as entries in bank and credit card accounts…

3) Our currency is borrowed into existence by the central bank or by fractional reserve lending in private banks, and…

4) This currency meets all the utility traditionally required of money (it can be divided into smaller parts like quarters or dimes, that it is easily transferable, it has a market value that’s easily discoverable, etc).

But history informs us that money doesn’t have to be issued by governments. Nor does it have to be borrowed into existence by banks, nor does every form of money have to satisfy every condition of utility. It’s possible to have multiple forms of money which each serve different purposes.

In other words, our system of money is merely one of many possible systems of money. With the advent of digital cryptocurrencies, the range of monetary systems has expanded greatly.

We tend to look at money as value-neutral and apolitical, but as a social construct, it reflects specific social and political values. Our money is created and distributed at the very top of the wealth-power pyramid.

This feature of our money optimizes the accumulation of wealth and power in the top of the pyramid, and thus our social contract of money guarantees the concentration of wealth and thus rising wealth-power inequality.

To understand why, we need to start with money’s three basic functions. As a general rule, money is:

A store of value (i.e. it serves as a reliable repository of wealth)…

As means of exchange between buyers and sellers…

And a tool for recording transactions of credit/debt (i.e. it facilitates recording transactions and keeping track of credits, debts, assets and payments).

Modern-day government-issued currencies perform all three roles. The U.S. dollar, for example, acts as a store of purchasing power, …read more

Source:: Daily Reckoning feed

The post What Is Money? (Yes, We’re Talking About Bitcoin) appeared first on Junior Mining Analyst.

Time Is Money. Here’s How to Invest Your Time Wisely…

time is money 1

By Samuel Taube

When people hear the saying “time is money,” many picture a boisterous manager hounding his employees in a Glengarry Glen Ross-esque sales office.

The phrase is often associated with running a business. But as you can see from this week’s chart, it’s equally true for ordinary people saving for retirement.

A saver who invests $24,000 at age 21 and retires at age 67 can end up with almost eight times more money than one who invests the same amount at age 47. In other words, each year you don’t put away money could end up costing you tens of thousands of dollars when retirement rolls around.

Oxford Club Options Strategist Karim Rahemtulla is acutely aware of this problem, and he’s been promoting two reliable methods for maximizing your return on your time.
Method No. 1: Start Early
The most foolproof method for turning your time into money is pretty obvious: Maximize the time you have to save and invest.

It might be too late for you to start investing at age 21… but you can still give your kids an early start. In a recent Wealthy Retirement article, Karim wrote about his experience convincing his two daughters (both in their early 20s) to open retirement accounts…
Last week was a breakthrough of sorts. I managed to do the impossible… I got them to set up a retirement account and fund it…

Here’s what I did. I sent them both texts (that’s how we communicate these days), telling them about an opportunity where they could invest $100 and triple their money in 15 minutes. Being my daughters, they were extremely skeptical…

But I convinced them that I stood behind my word. My goal was just to get them to the brokerage firm and set up an account. It would cost me a total of $400 (I added $200 to each of their $100 accounts), but it was money well spent.
Of course, not all of us have the spare cash to match our kids’ IRA contributions. And many of us need to fund our own retirement accounts before we start worrying about the next generation.

If you don’t have 40 years to grow your money, how can you maximize your return on the time you have? Fortunately, Karim has another easy solution for people in this situation…

[iu-adbox]
Method No. 2: Learn to Make High-Yield Investments With Short Turnarounds
Karim is also a big fan of short-term investments that quickly produce income or capital gains.

At first, you might think he’s referring to ultra-risky speculative investments. And indeed, many short-turnaround, high-return investments involve a lot of risk.

But not all of them do.

In fact, Karim is an expert on a safe, lucrative and relatively obscure investment technique that can generate payouts as high as $2,195 in as little as 71 seconds.

To date, he and his subscribers have not lost money on any of these fast and profitable trades.

And next week, Karim will host a live training event where he’ll teach you the secrets of this oft-overlooked technique… for free.

Click here to claim your spot …read more

Source:: Investment You

The post Time Is Money. Here’s How to Invest Your Time Wisely… appeared first on Junior Mining Analyst.

Weekend Special – Sat 16 Dec, 2017

By Cory Auryn Resources Update – Answering Your Questions on Exploration and Finances

Ivan Bebek, Executive Chairman of Auryn Resources joins me for an extended interview. Over the past week I received a number of questions on the website and through email regarding the Company. These questions focus on the properties in Nunavut, B.C. (The Golden Triangle), and Peru as well as where the Company stands in terms of finances.

We thank you all for your questions. Please keep them coming! Fleck@kereport.com.

Download audio file (2017_12_15-Segment-2-Auryn-Resources-Weekend-Special.mp3)

Click here to visit the Auryn website to recap the recent news releases.

…read more

Source:: The Korelin Economics Report

The post Weekend Special – Sat 16 Dec, 2017 appeared first on Junior Mining Analyst.

Weekend Show – Sat 16 Dec, 2017

By Cory Looking Ahead For Tax Reform, Central Banks, Politics, and Gold

Download audio file (1216-KER-Weekend-Show.mp3)

We want to thank you all for listening in this week and hope you all have a great holiday season!

This week’s show has some comments on precious metals, tax reform, and the possibility we see more inflation next year. Please be sure to listen to the company updates and introductions linked below. Our sponsors are the ones who make it able for us to provide all the content we do for free. It is huge help when you send in your questions and contact the companies you are interested in. I love hearing from all of you so please email me at Fleck@kereport.com.

Segment 1: George Gero, Managing Partner at RBC Wealth Management shares his thoughts on how tax reform will impact retail investors and recaps the year for gold.
Segment 2: Ivan Bebek, Executive Chairman at Auryn Resources answers the questions you have all sent in over the past couple days.

Click here to listen to the full interview.

Segment 3: John Kaiser shares some research he has done on the trading volume on the Venture exchange. It shows just how ignored the resource sector currently is.
Segment 4: We wrap up the first hour with Trader Vic Sperandeo and his comments on central bank policy, tax reform, and the historic low volatility in US markets.
Segment 5: We open KER Politics with Daniel McAdams discussing what he feels are U.S. foreign policy failings.

Segment 6: We continue our discussion with Daniel McAdams recording questions that we all have about U.S. foreign policy.

Click here to visit the Ron Paul Institute and please consider donating.

Segment 7: Introducing a new segment called The Boys in the Bar. In this introduction Big Al and Tim Howe discuss sexual harassment.
Segment 8: We wrap up KER Politics with author Mark Bitz discussing political fallacies.

Exclusive Company Introductions, Updates, and Stock Commentary

Jeff Pontius elaborates on the Corvus Press Release issued today regarding drill results.

Skeena Resources Update – In depth Discussion On The Recent Drill Results.

Excelsior Mining – Permitting Update and Financing.

Segment 1

Download audio file (1216-1-1.mp3)
Segment 2

Download audio file (1216-1-2.mp3)
Segment 3

Download audio file (1216-1-3.mp3)
Segment 4

Download audio file (1216-1-4.mp3)
Segment 5

Download audio file (1216-2-1.mp3)
Segment 6

Download audio file (1216-2-2.mp3)
Segment 7

Download audio file (1216-2-3.mp3)
Segment 8

Download audio file (1216-2-4.mp3)

…read more

Source:: The Korelin Economics Report

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The Morgan Report’s Weekly Perspective with David Morgan

By David Morgan

The Morgan Report’s Weekly Perspective | http://www.themorganreport.com

The Morgan Report’s Weekly Perspective is our free e-newsletter. Our free e-newsletter will keep YOU in the top 3% of the Informed, the Awake, and the Aware.

Join our Free weekly e-letter…
http://www.themorganreport.com/joinfreelist

I’ve Been Helping My Subscribers Weather the Current Economic Mess. Now I Invite You to Join My Growing Circle of Successful Investors.

The Morgan Report is all about YOU and how you can build and preserve Wealth for generations to come. We know it can sometimes seem a daunting task to protect your assets and preserve or grow your wealth. Over 15 years ago, a small group of us started The Morgan Report and formed an exclusive membership organization to promote personal freedom, an honest money system, free market wealth accumulation and asset protection.

Thus was born The Morgan Report – since then we’ve helped 11,000-plus members scattered over the globe in every continent and over 100,000+ e-newsletter subscribers have read our weekly e-newsletter — This Week’s View from The Morgan Report.

Through our publication, The Morgan Report, we provide you with ways to achieve greater financial security and wealth in all sorts of environments.

Learn more and become an insider for The Morgan Report, click link below…
http://www.themorganreport.com/join

Special Riches In Resources Free Report

Because there is a 100% failure rate of ALL fiat money throughout history, you will learn what to do by obtaining your Free Report. Just enter your first name, your primary email address and click the Get Special Report button below.

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Our mission statement reads…

“To teach and empower people to understand the benefits of an honest monetary system.”

Today’s monetary system is based upon a lie. The lie is that you can get something for nothing, or perhaps more simply stated, wealth can be printed. History has shown throughout 5000 years that whenever a country has tried to maintain this illusion (lie), failure has been the result. We invite you to learn more about what The Morgan Report can do for you. Click on the Learn More About The Morgan Report button now!
Learn More About The Morgan Report *

The post The Morgan Report’s Weekly Perspective with David Morgan appeared first on The Morgan Report Blog.

…read more

Source:: david morgan

The post The Morgan Report’s Weekly Perspective with David Morgan appeared first on Junior Mining Analyst.

US lab tests record-breaking magnet

By analyst

By Valentina Ruiz Leotaud

The US National High Magnetic Field Laboratory broke a world record and its own previous mark by testing a 32-tesla magnet which is 33 per cent stronger than what had previously been the strongest superconducting magnet used for research and more than 3,000 times stronger than a small refrigerator magnet.

The 32T’s field strength is created with a combination of conventional, or low-temperature, superconducting magnets, and a high-temperature superconducting material called YBCO, composed of yttrium, barium, copper, and oxygen.

“The new system, and the magnets that will follow, will give scientists access to insights never before possible,” physicist Laura Greene, the MagLab’s chief scientist, said in a press release issued by Florida State University -where the lab is headquartered. “We expect it to break new ground in a variety of research areas. Physicists are especially excited about advances in quantum matter, which features new and technologically important ultra-thin materials, as well as exotic new states of matter in topological materials and complex magnetic materials,” she added.

In detail, the magnet will allow researchers to explore how electrons interact with each other and their atomic environment. According to the release, this would also enable the development of new devices and boost the power of scientific tools such as X-rays. “This single leap is bigger than all the improvements made over the past 40 years combined,” lab reps said in the statement.

The post US lab tests record-breaking magnet appeared first on MINING.com.

…read more

Source:: Infomine

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