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10.21.2017 - Free Investing Newsletter Bookmark

At The End of The Day
 
Over the years I’ve been asked about Bitcoin many times. For the most part my answer to it has remained about the same “at the end of the day, it’s a fiat currency”.  Now to the Bitcoin lovers, I’m just stupid. I have no problem with that. But then, do tell me...what exactly is Bitcoin backed by? Oh, digits “mined” from computer algorithms. In other words, I can’t exchange my Bitcoin for say gold, or silver? No. How about copper or Iron? Nope.

7.26.2017 Bookmark

7.26.2017

Good morning folks, welcome to Hump day, and of course the day that the FOMC tells us what they're going to be up to. Yes the little trolls at the Fed are going to wrap up their two day meeting and tell us what they chatted about. Will there be a rate hike? Nah. But I do expect them to at least hint around the edges concerning the reduction of their balance sheet. Wall Street probably won't care. 

Financial Intelligence Report - 11.8.2015 Bookmark

Jobs For Who?

On Friday we got the non farm payroll report. Estimates were for a gain of 183,000 jobs. But when the number hit we didn’t print 183K jobs, we printed 271,000 blowing away even the most bullish estimates. Inside the report it was all rainbows and unicorns. We saw the unemployment rate fall to 5%, and we see wages rose an astounding 2.5%.  A better report you simply couldn’t make up!!  In fact that’s true, because they made this one up, and it was the best they could do.

8.24.2015 - The Crash Bookmark

For weeks we've been talking about something wicked coming this fall. There's approximately 20 different "things" that are aligning for the September time frame that we figured could really rock the markets. Well, they didn't wait.  They didn't wait to see what would happen when the UN holds it's meetings or when the Pope visits the White house. They didn't wait for the end of the "Shemitah" and the craziness that often coincides with that. No, they looked at China and the currency wars going on and decided to bail out.

Our opinion is that the market has set a "top" back in May and we're embarking on a long term bear market. Yes there's going to be wicked bounces, yes there will be money to be made trading long and short. But the "long term holds" idea is dead in the water now. We've had 6 years of up, we went too far, and now it's time for some payback. Be careful out there folks.

Insiders Club - 8.11.2015 Bookmark

8.11.2015

Morning everyone, welcome to another day.

Okay there's no sense in yammering about yesterday, it was another in a long string of mindless run ups, based on hype and hope that China's going to do more QE. Our only question is if it's going to last a few days or not. We'll get to that in a moment.

8.5.2015 The IMF Delays China? Bookmark

Last evening some fairly important news hit the market. It seems that the review board of the IMF is recommending to the leadership that they delay the entry of China's currency, called the Yuan, into the  SDR basket for another year.  This is a very interesting move folks. For months on end, the IMF has been putting out "hints" that this September the Yuan would indeed take its place alongside the Dollar, pound, Euro and yen in the SDR basket of reserves. Delaying that for a year, is NOT just some whim. I have to suspect the US who controls the IMF has said they want no part of China in there this year.  How China responds is going to be interesting to see.

Insiders Club - 1.16.2015 Bookmark

1.16.2015

Yesterday I opened the day by saying we might have to tighten up our seatbelts. Today it looks like we might have to snug up our shoulder straps too.....

The fall out from the Swiss decision yesterday to unleash the peg from the Euro is still sweeping around the globe and the fall out is already starting. I mentioned to you all that this was going to create issues, and sure enough we are hearing of two currency brokers already that have declared insolvency over this. There will be more to come.

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