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Monday, January 8, 2018

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Gold Weekly: Speculative Buying Frenzy Begins

Posted: 08 Jan 2018 12:23 PM PST

Price Needs To Get Above These Two Levels To Make A Reliable Bullish Case For Gold

Posted: 08 Jan 2018 12:00 PM PST

“The last time the alignment structure flipped to bullish was in 2002, which confirmed the beginning of a major bull market…” written by Rudi Fronk and Jim Anthony via Streetwise […]

The post Price Needs To Get Above These Two Levels To Make A Reliable Bullish Case For Gold appeared first on Silver Doctors.

Simon Black: The Day I Found Out It Was All Rigged

Posted: 08 Jan 2018 10:30 AM PST

“Sadly that episode only begins to scratch the surface of all the ways that the market is rigged against the little guy…” by Simon Black of Sovereign Man May 6, […]

The post Simon Black: The Day I Found Out It Was All Rigged appeared first on Silver Doctors.

Study Finds That 22 Percent Of Bitcoin Investors Are Using Debt To Fund Their Investments

Posted: 08 Jan 2018 09:00 AM PST

Experts are warning that people should only invest what they are willing to lose, but many are getting swept up in the current cyrptocurrency euphoria… by Michael Snyder via The Economic […]

The post Study Finds That 22 Percent Of Bitcoin Investors Are Using Debt To Fund Their Investments appeared first on Silver Doctors.

After Something Snapped In December, The Quantum Rise In Gold Demand Continues

Posted: 08 Jan 2018 08:06 AM PST

Keith Weiner says that since Christmas and continuing in the New Year, there has been a quantum rise in gold demand. Here’s the details… by Keith Weiner via Monetary Metals […]

The post After Something Snapped In December, The Quantum Rise In Gold Demand Continues appeared first on Silver Doctors.

Gold & Silver At A Critical Juncture As Both The Fed And The Cartel Get Busy With Their Prep Work

Posted: 08 Jan 2018 06:30 AM PST

SD Outlook: The Fed and the cartel may be busy in the kitchen doing their prep work all week long. Here’s why… Now that everybody is back for a full […]

The post Gold & Silver At A Critical Juncture As Both The Fed And The Cartel Get Busy With Their Prep Work appeared first on Silver Doctors.

Michael Ballanger: I Still Expect A Strong January For Gold But This Could Turn South In A Heartbeat

Posted: 08 Jan 2018 04:30 AM PST

Michael says “a close above $1,320 January on 15th and a subsequent higher close at month-end would be a superb…” Here’s why… by Michael Ballanger via Streetwise Reports While the […]

The post Michael Ballanger: I Still Expect A Strong January For Gold But This Could Turn South In A Heartbeat appeared first on Silver Doctors.

Meltdown and Spectre: Intel’s Seismic IT Disaster and A Look at Some Implication for Banks

Posted: 08 Jan 2018 03:26 AM PST

A first look at the epic IT disaster of the Meltdown and Spectre "flaws".

The Status Quo Maintains The Illusion Of Normalcy By Avoiding The Accounting Costs

Posted: 08 Jan 2018 03:00 AM PST

Charles Hugh Smith says “it’s as if we’ve forgotten that debt accrues interest”. Here’s the true costs involved in maintaining the illusion… by Charles Hugh Smith via Of Two Minds […]

The post The Status Quo Maintains The Illusion Of Normalcy By Avoiding The Accounting Costs appeared first on Silver Doctors.

Jack Chan's Weekly Precious Metals Update

Posted: 08 Jan 2018 12:00 AM PST

Technical analyst Jack Chan charts the latest movements in the gold and silver markets, noting a falling dollar is supportive for metal prices.

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Getting Bullish on Gold

Posted: 08 Jan 2018 12:00 AM PST

Rudi Fronk and Jim Anthony, cofounders of Seabridge Gold, discuss gold's recent moves and potential signs of a bull market.

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Fatal Mistakes Crypto Investors Are Making RIGHT NOW

Posted: 07 Jan 2018 08:50 PM PST

“The technology has been egregiously over-hyped by promoters who make unrealistic claims about the potential…” by Dave Kranzler of Investment Research Dynamics I find it amusing that the stock market […]

The post Fatal Mistakes Crypto Investors Are Making RIGHT NOW appeared first on Silver Doctors.

Study Finds That 22 Percent Of Bitcoin Investors Are Using Debt To Fund Their Investments

Posted: 07 Jan 2018 08:06 PM PST

Investing in cryptocurrencies such as Bitcoin, Ripple, Ethereum and Litecoin is extremely risky, and experts all over the country are warning that people should only invest what they are willing to lose.  Unfortunately, many are getting swept up in the current euphoria surrounding cryptocurrencies and are not listening to that very sound advice.  A disturbing new survey that was just released found that 22 percent of all Bitcoin investors are either directly or indirectly investing in Bitcoin with borrowed money…

According to LendEDU, a personal loan research firm, more than 18 percent of Bitcoin investors have used borrowed money to trade the cryptocurrency. In a global survey of 672 active Bitcoin investors, researchers asked traders the method they used to fund their cryptocurrency trading accounts. The majority of investors used banking systems such as credit cards and ACH transfers to fund their accounts.

But 22 percent of traders revealed that they have not paid off their credit and debit cards after purchasing Bitcoin, effectively investing in the cryptocurrency with borrowed money.

Credit card debt is one of the most toxic forms of debt that you could ever carry, and investing in anything when you still have credit card balances is extremely unwise.

Yes, cryptocurrencies went on an epic run in 2017, but there is absolutely no guarantee that they will continue to rise in 2018.

In fact, there is a very real possibility that we could see a cryptocurrency crash, and there are many investors that are actually eagerly anticipating one

Well, as many traders expected, it appears that institutions are using the futures product to slowly but surely build a short position in bitcoin. According to the CFTC Commitment of Traders report (available CBOE futures), non-commercial traders held a net short position of around $30mn as of Tuesday Dec 26, or around half of the total open interest.

Separately, the Traders in Financial Futures breakdown provided by the CFTC show that the leveraged funds category that consists largely of hedge funds and various money managers had a short of around $14mn, or around a quarter of the total open interest.

In other words, spec investors have used the futures contracts to establish Bitcoin shorts.

On the other hand, there is also the possibility that cryptocurrencies such as Bitcoin could continue to defy gravity and soar even higher over the next 12 months.

In fact, a rumor that Amazon.com will soon start accepting Bitcoin has lots of people buzzing

As a backdrop to all of this, there is a strong rumor that Amazon is about to accept Bitcoin as a method of payment. Patrick Byrne, the CEO of Overstock, has stated that Amazon will soon have no choice but to start accepting it. He is quoted as saying, "… they have to follow suit. I'll be stunned if they don't because they can't just cede that part of the market to us if we are the only main large retail site taking Bitcoin." Scott Mullins, an Amazon executive has confirmed that Amazon is, "working with financial institutions and crypto-experts to spur innovation, and facilitate frictionless experimentation."

If the Amazon rumor turns out to be true – Bitcoin will probably go into orbit! Be prepared…

If someone knew exactly what would happen throughout 2018, that individual could make an absolutely obscene amount of money.

Unfortunately I don’t know where cryptocurrencies are heading, but it does appear that things are about to get a whole lot more interesting.  According to Reuters, it looks like you will soon be able to invest in Bitcoin using leveraged ETFs…

The new idea is to build "leveraged" and "inverse" funds that would rise – or fall – twice as fast as the price of bitcoin on a given day.

Direxion Asset Management LLC plans to list such products on Intercontinental Exchange Inc's NYSE Arca exchange if U.S. securities regulators give the nod, according to a filing by the exchange this week.

In the filing, the exchange said the listing "will enhance competition among market participants, to the benefit of investors and the marketplace."

So if Bitcoin rises or falls a thousand dollars in a single day, those financial instruments will be designed to move by about twice as much.

That should be fun.

Meanwhile, some are asking what will happen to cryptocurrencies such as Bitcoin, Ripple, Ethereum and Litecoin if the long-awaited collapse of global financial markets finally happens this year.

Well, some believe that it would be doom for cryptocurrencies, but others believe that cryptocurrencies would be like gold and would actually do extremely well during the next great financial crisis…

The question is what will happen to Bitcoin and Cryptocurrencies once the financial collapse takes place. The signs are that when economic circumstances start to deteriorate the price of Bitcoin rises. A prime example of this is during the Cyprus and Greece bailout which saw the price of BTC rise considerably during this period. With banks stopping access to cash in ATM machines, Bitcoin was the perfect solution to be able to store it safely out of the banks and Governments' hands.

What also happens during a depression is interest rates skyrocket and start to see hyperinflation. This will mean it is extremely hard to get finance from banks and the cost can make it unsustainable. The ICO market is a perfect solution to this problem and as the banking sector suffers, ICOs will boom. More companies will look to these as a cheap way to raise money and will create their own cryptocurrency.

It will be fascinating to see how all of this plays out.

There are some financial experts that believe that Bitcoin is going to zero, and there are others that are absolutely convinced that it is going to a million dollars.

As with so many things in life, timing is everything.  If you are investing in Bitcoin, let us just hope that you got in at the right time and that you will also get out at the right time.

Michael Snyder is a pro-Trump candidate for Congress in Idaho's First Congressional District, and you can learn how you can get involved in the campaign on his official website. His new book entitled "Living A Life That Really Matters" is available in paperback and for the Kindle on Amazon.com.

Adam Hamilton Sees A 30% Gold Price Surge In 2018 (And He Says 20% IS CONSERVATIVE)

Posted: 07 Jan 2018 06:00 PM PST

Adam shows that 2018 has the potential to be a very big year for gold investment demand. Here’s the details… by Adam Hamilton of Zeal LLC The gold miners' stocks […]

The post Adam Hamilton Sees A 30% Gold Price Surge In 2018 (And He Says 20% IS CONSERVATIVE) appeared first on Silver Doctors.

Breaking News And Best Of The Web

Posted: 07 Jan 2018 04:44 PM PST

Global stocks jump to all-time highs. The Fed is preparing for the next bust. Doug Noland on the financial markets’ dysfunctional structure. Jeremy Grantham's strongest "bubble burst" alarm just went off. Is the “QE party over”? Will underfunded pensions break the economy? Gold and silver rising again, now at multi-week highs.      Best Of […]

The post Breaking News And Best Of The Web appeared first on DollarCollapse.com.

SRSrocco: The Next Crash Will Cause More Fear Than Ever Just When U.S. Gold Supply Is In A Deficit

Posted: 07 Jan 2018 03:00 PM PST

Steve St Angelo shows that when the markets finally crack and investors return to the safety of gold, there won’t be enough supply to meet the demand… by Steve St […]

The post SRSrocco: The Next Crash Will Cause More Fear Than Ever Just When U.S. Gold Supply Is In A Deficit appeared first on Silver Doctors.

Melt-up, Up, and Away

Posted: 05 Jan 2018 12:00 AM PST

Precious metals expert Michael Ballanger likes what he sees for gold in 2018's first week of trading.

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Miners of the Modern Yukon Gold Rush

Posted: 04 Jan 2018 12:00 AM PST

Ron Struthers of Struthers' Resource Stock Report describes a miner making a promising stand in the Far North, as well as other Yukon-based gold companies that have captured his attention.

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