The Daily Reckoning finds itself embarrassed for riches...We welcomed trading wizard Tim Sykes last week.And today... with equal pleasure… we introduce another first-chop money man...Here we speak of Andrew Keene, president and CEO of AlphaShark Trading."I've always said that everyone in this world has at least one thing they're good at," begins Andrew."Fortunately," he adds, "I found mine e...Read More
Richard Jacobs here.In October 2016, I started a podcast called "Future Tech Podcast" in which I interview founders and CEOs in the stem cell, 3-D printing, blockchain/cryptocurrency, artificial intelligence, brain-computer interface, nanotech and other up-and-coming industries.As I interviewed experts from all over the tech world, I became more and more intrigued by bitcoin, blockchain and crypto...Read More
Stocks abruptly reversed from their highs yesterday.The Nasdaq Composite lost more than 45 points before the closing bell as traders took profits on high-flying tech shares. Meanwhile, the Dow managed to hang in positive territory. Despite losing its positive momentum as the day progressed, the Big Board eked out another record close.As investors pumped the brakes on this year's furious stock mark...Read More
Today, I want to give you the single best place to invest in the stock market.But don’t give me all the credit.Because I’m stealing this directly from an investing legend.His name is Joel Greenblatt. And in his classic 1997 book, You Too Can Be A Stock Market Genius, he made one thing perfectly clear...“The facts are overwhelming... stocks of spinoff companies significantly and c...Read More
The current bull market should last through 2021.Why I'm not worried about a correction until the S&P breaks 4000.Why gold is ready to break out and will do so with power.Bitcoin expected to break $30,000 before 2018 is over.Why sentiment beats fundamentals and technicals every time.Avi Gilburt is a leading contributor on Seeking Alpha and one of 21 Seeking Alpha Contributors participating...Read More
Swiss National Bank (the central bank of Switzerland) is a publicly traded institution, and its shares have been soaring.The market cap is a tiny fraction of its asset and liability base, so it is a highly leveraged entity. Its profits were huge in 2017, as markets "went its way".As a central bank, and one that has accumulated the largest balance sheet relative to GDP, SWZNF has been abl...Read More
Gold investors awoke to another jump in the precious metals complex as Trump administration officials talk down the US$ at Davos.The US$ is now down ~3% YTD and is hitting 3-year lows.With trade wars looming and the possibility of more deficit and debt spending, the outlook for gold remains the best I have seen in many years.Bloomberg reported this morning that the Trump team at Davos made comment...Read More
Mnuchin's greenback comments add fuel to fire: Oanda's InnesBullion hits 17-month high after slump in U.S. currencyPhotographer: Luke MacGregor/BloombergGold could hit levels last seen in 2013 if the dollar extends its slide and equity markets reverse.Bullion at $1,400 an ounce is “achievable” in the next two months, Stephen Innes, head of trading for Asia Pacific at brokerage Oanda...Read More
Rand resurgence may continue to batter aging gold minesFewer than half of shafts may be profitable, analyst saysKganyago Says South Africa's Growth Is Fragile, Not Its EconomyFor South African gold miners, it’s both the best and worst of times.The metal started the year with a bang, rising more than 4 percent to the highest since August 2016. But an equally impressive rally in the rand mean...Read More
CloseGain/LossOn WeekGold $1349.60+$1.60+1.31%Silver$17.41+$0.11+2.29%XAU90.31+0.44%+2.66%HUI203.36+0.56%+3.27%GDM682.82+0.45%+3.11%JSE Gold1313.09-13.92+1.19%USD89.10-0.18-1.73%Euro124.24+0.07+1.68%Yen91.97+0.32+1.71%Oil$66.41+$0.63+4.80%10-Year2.659%+0.041-0.08%Bond148.84375-0.5625+0.17%Dow26616.71+0.85%+2.09%Nasdaq7505.77+1.28%+2.31%S&P2872.87+1.18%+2.23% The Metals: Gold gained $9 to $...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort305,81291,12864,523161,458396,010531,793551,661Change from Prior Reporting Period 3,949976-8,6473,2565,301-1,442-2,370Traders18096874657269202 Small Speculators LongShortOpen Interest 50,62830,760582,421 1,5302,45888 non reportable positionsChange from the previous reporting peri...Read More
"It's all paper money, it's going to dry up and blow away, and it will, and when it does, there's going to be a lot of unhappy campers." Doug Casey is an American-born libertarian economist and advocate of the free market. He is a bestselling financial author, international investor, entrepreneur, and the founder and chairman of Casey Research, a provider of subscription financial analysis about s...Read More
Last week, Harry Dent took to Facebook in an exclusive broadcast, sharing information the mainstream financial media has been ignoring. Watch now - Our Power to Predict: The Future of the Markets and Your Wealth. Get your copy of Sale of a Lifetime here: http://harrydent.com/Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior...Read More
By Dave KranzlerThe impending economic collapse is hidden from most. People only see a rising stock market, not the negative underlying factors that will cause the whole system to crash. - Peter SchiffThe average middle class household is getting squeezed by an income that is not keeping up with the cost of living. Unfortunately, a major portion of the cost of living has become debt service. Mos...Read More
The following Jackass forecasts listed within the article for this new year are fully consistent with the Hat Trick Letter analysis over the last few years. All are on the verge of occurrence. If even one quarter of these calls comes into reality, the world will become a better place. In the current year upon us, the following events will begin to take form in some path with recognized progress....Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
What we are about to witness in the markets will be similar to watching a gigantic controlled demolition, like say the World Trade Center controlled demolition in NYC. The initial charge that starts the whole sequence of momentous events is the dollar breakdown of recent days. This was triggered by the imposition of destructive trade tariffs by the Trump Administration who then made it plain the...Read More
In the 21st installment of CryptoGoldCentral.com's "One-on-One" interview series - which proudly, is part of the World Crypto Network - Andy is pleased to host one of the alternative media's most well-known political, financial, and social truth warriors, Mike Krieger. Follow him at @LibertyBlitz; read his free blog, libertyblitzkrieg.com; and donate to its cause, via the Bitcoin address 1ArSt9rxB...Read More