Why Gold Is Headed Much Higher
What really drives the price of gold? Some say it’s a fear gauge. Others prefer to look at the demand coming from the Indian wedding season. But the silliest of all conclusions to reach is that the dollar price of gold should be determined solely by its value vis-à-vis another fiat currency. The truth is […]
E Global X Copper Miners ETF (COPX) Remains Under Pressure
Commodity prices including those of metals have remained volatile over the last few years, with demand dwindling in spite of increased supply. Over the last four months, the prices of Copper metal have fallen drastically, albeit with episodes of spikes and declines, which again underpins the current volatility in the commodity markets. This gradual decline […]
Bitcoin Mining
by Rod Garratt and Rosa Hayes – Liberty Street Economics, Federal Reserve Bank of New York In June 2014, the mining pool Ghash.IO briefly controlled more than half of all mining power in the Bitcoin network, awakening fears that it might attempt to manipulate the blockchain, the public record of all Bitcoin transactions. Alarming headlines splattered […]
Chicago Fed: US Economic Growth Slowed In October
The pace of US growth slowed more than expected in October, according to this morning’s update of the Chicago Fed National Activity Index. The three-month moving average for this benchmark of 85 indicators slipped to a negative 0.01 reading last month from +0.12 in September. Led by weakness in “production-related indicators,” today’s release “suggests that growth in national economic […]
Stocks, Adjusted For ‘Inflation’ And For Gold
MarketWatch announces that the US stock market is back to the ‘real’ highs of the last secular bull market, prior to the dot.com/tech bubble blow out. Here is the Dow adjusted for CPI, finally paying back investors after a 14 year debit in ‘real’ terms. Click on picture to enlarge SPX-CPI is almost to break even. Click […]
E Shares Of Prosensa Surge 50% After Announcing It Will Be Acquired By Biomarin
Shares of Prosensa Holdings NV (RNA) surged as much as 50% after it announced this morning that it would be acquired by Biomarin (BMRN) for approximately $840 million. The deal will be split up in certain parts depending on certain milestones reached. For instance, the initial payment to shareholders for Prosensa will be $680 million, or […]
Monday Market Movement – Drifting Into The Holidays
It’s a short week. That means we won’t expect much volume and that’s good because the volume we had on Friday was all downhill from the open. Friday’s volume was almost double the other days of the week and you can see how the TradeBots took full advantage of the gapped up open – courtesy […]
Profit By Connecting The Dots On The Next M&A Buyout
We could be on the verge of another major oil M&A boom like the historic one that brought Exxon and Mobil together. Mergers and acquisitions have the potential to shake up a market and send some stocks soaring, but the best industry plays aren’t all that obvious. That’s why we’ve dug deeper to find the […]
Will Crowdfunding Save Bitcoin?
Over recent months, there has been an uproar concerning the National Security Agency snooping into social media records of users from world over. This led to the development of many platforms which are claiming to be encrypted. One such platform is Tox, which is used for instant messaging. Tox recently announced its messaging platform enables […]
