By Charles Hugh Smith This post Bitcoin, Sour Grapes and Jamie Dimon appeared first on Daily Reckoning. Institutional ownership of bitcoin is in the very early stages. If I had a bitcoin for every time some pundit declared bitcoin is a bubble, I’d be a billionaire. There are three problems with opining that bitcoin and […]
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By Keith Weiner The Instability Problem Bitcoin is often promoted as the antidote to the madness of fiat irredeemable currencies. It is also promoted as their replacement. Bitcoin is promoted not only as money, but the future money, and our monetary future. In fact, it is not. A tragedy… get the hankies out! [PT] Why
Tragedy of the Speculations Read More »
By James Rickards This post The Golden Solution to America’s Debt Crisis appeared first on Daily Reckoning. Right now, the United States is officially $20 trillion in debt. Over half of that $20 trillion was added over the past decade. And it looks like annual deficits will be at the trillion dollar level sooner than
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By Brian Maher This post Interest Rates and Civilization appeared first on Daily Reckoning. Fact one: Last Friday, the nation’s debt exceeded $20 trillion for the first time in its history. Fact two: Interest rates — the cost of debt — are at their lowest levels in recorded history. Never has debt scaled such heights…
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By analyst By Cecilia Jamasmie South African AngloGold Ashanti (JSE:ANG) (NYSE:AU), the world’s third-biggest producer of the precious metal, unveiled Friday that is in talks to sell its Kopanang mine, which was slated to be placed in care and maintenance. “Based on unsolicited expressions of interest received from a number of parties, AngloGold Ashanti initiated
AngloGold a step closer to selling loss-making Kopanang mine in S. Africa Read More »
By analyst By Frik Els The gold price ended higher on Wednesday as safe haven demand returned and investors in exchange traded funds continued to buy the metal. In another day of heavy volumes with just under 33m ounces changing hands on the Comex market in New York gold for delivery in December edged up
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By Ray Blanco This post This Tech Fuels New Growth for the Internet of Things appeared first on Daily Reckoning. If you use a smartphone or a digital camera, you are probably already a big user of flash storage cards. Flash memory technology allows for persistent electronic data storage that isn’t erased when power is
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By Cory Key levels for yields and USD:Euro Ratio Dana Lyons shares with us today the key levels he is watching for yields and the USD. Both yields and the dollar have been in downtrends this year but now when testing levels that could change the outlook if they both manage to put in some
Dana Lyons Commentary – Thu 14 Sep, 2017 Read More »
Almost daily we hear stories out of the automobile manufacturers, Ford, Volvo, General Motors, and of course, Telsa, giga-battery factories, etc. of the ongoing evolution of autos going to lithium ion batteries in the very near term. The advantages are many………. However, I see virtually nothing in the press about how all of these lithium
How To Recycle A Lithium Battery – A Buy Recommendation TSXV:AMY Read More »
By Cory 1987 vs. 2017: Will History Repeat or Just Echo? This is a fascinating comparison between the 1987 market and where the market currently stands. Depending on the data we can draw many similarities between markets but there are some key points that are brought up in the post below. This is courtesy of
General Market Commentary – Thu 14 Sep, 2017 Read More »
