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Major Cryptos Falling To Key Support Levels

Major Cryptos Falling To Key Support Levels

After another negative press release this morning, the major cryptocurrencies fell towards crucial support levels. According to a Zerohedge article, quoting CNBC, Japan’s chief regulator launched a probe of crypto-exchanges, prompting the largest to halt new account creation, thus sending the crypto market considerably lower. The press release stated that Japan’s largest crypto-exchange, Bitflyer, needs to […]
Chart: Flash Manufacturing PMIs And Bond Yields

Chart: Flash Manufacturing PMIs And Bond Yields

It’s my favorite time of the month… flash PMI time: the June flash manufacturing PMI composite for developed markets fell -1pt to 54.5 — which is the lowest point since August last year. On the detail, the fall was driven by the US (-1.8pts to 54.6) and Europe (-0.5 to 55.0), while Japan provide a minor offset (+0.3 […]
Jim Rogers Launches AI-Focused Global Macro ETF

Jim Rogers Launches AI-Focused Global Macro ETF

In an attempt to tap the hottest trend with some innovation, legendary investor Jim Rogers launched Rogers AI Global Macro ETF BIKR that leverages the capabilities of artificial intelligence (AI). The fund is powered by a symbiotic relationship fostered by the multi-decade expertise of Jim Rogers and financial professionals. BIKR in Focus This new ETF seeks to provide […]
I’m Downgrading Bitcoin Down To $5,000

I’m Downgrading Bitcoin Down To $5,000

I’m amazed Bitcoin and all of its associates are still trading as high as it is.  But I will give it credit, charting it provides breath-taking accuracy, while not all always pays respects to trends, support and resistance, Bitcoin respects the ways of support and resistance breathtakingly well.  I haven’t done a chart since March […]
EFF Watch, Or Is It IOER Watch?

EFF Watch, Or Is It IOER Watch?

How bereft of ideas might they have to be to fall back on IOER? It’s scandalous, really. But the Federal Reserve in terms of intellectual property belongs on the TV program Hoarders. They never throw anything away, so attached do they become to whatever ineffective idea implemented at any time. Practical experience is in their practice impractical […]
F.A. Hayek Saw Bitcoin Coming 34 Years Ago

F.A. Hayek Saw Bitcoin Coming 34 Years Ago

Independent money, free of government control, has long been a dream of liberty-minded individuals. Nobel Prize-winning economist and free thinker (a rare thing) F.A. Hayek described the main problem with a single group having a monopoly on money: a profound lack of innovation. Here’s an excerpt from his 1984 interview with the Cato Institute: The great trouble […]
Triangular Tragedy

Triangular Tragedy

Six thousand dollars. That’s the only figure the entire crypto world has to keep in mind. Break it, Bitcoin, and it’s the end of the world. You can practically hear the snare drums in the background. If you want a real-life example of what happens when support breaks, look no farther than LiteCoin, which has already met this […]
Ten Reasons Why Apple Is Still Going To $220

Ten Reasons Why Apple Is Still Going To $220

Here it is mid-June, and Apple is already closing in on my 2018 target of $200. Indeed, with a market capitalization today of $930 billion, Apple (AAPL) is on the verge of becoming the world’s first $1 trillion publicly traded company. And here’s the really great thing about this year for Apple bulls. If you […]
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                        Stock Of The Week: Adobe Systems Incorporated

E Stock Of The Week: Adobe Systems Incorporated

Adobe (ADBE) continues to beat expectations. Let’s look at the number and see why this stock is up over the past 5 years. Video Length: 00:06:22
Week Review: Stocks Fall On Trade Jitters Again (Dow 8 Day Losing Streak)

Week Review: Stocks Fall On Trade Jitters Again (Dow 8 Day Losing Streak)

Weak Day Across The Board For Stocks The past few days saw the Dow fall while the Russell 2000 rose. It has been an interesting situation leading up to Thursday because if all the major indexes were to rally, then the Russell 2000 would be massively overbought. If they all fell, the Dow would be […]