Tuesday, April 24, 2018

Whither Precious Metals (Like Silver)

Things were looking so good, almost too good to be true. We finally had some momentum developing behind it and it looked like it finally might break out of its long-term horizontal range (this is getting really tedious by the way) and then BHAM, yesterday Silver ETF SLV gives up all its gains. It's fallen back below the MA(144) and the EMA have crossed bearishly. This means there could be another "buy" setup at $15.25 but it seems like we are doomed for more range bound price action. If you want to know when a good short-term ceiling has been broken we have to see it move above at least $16.30. I guess we will have to wait.

Saturday, April 21, 2018

Bringing About Change, One Protest At A Time

Meet the Palestinian women at the forefront of Gaza's protests

Gaza Strip - On one side of the fence, dozens of Israeli soldiers lay positioned behind sand dunes, tracking the Palestinian demonstrators through the crosshairs of their snipers. On the other side, young women, with Keffiyeh scarves covering half their faces to avoid tear gas suffocation, stand in front of the young protesting men, providing cover.

Friday, April 20, 2018

Index Funds In Emerging Markets, People!! That's Where Your Retirement Investment Dollars Should Be!

IMF sees emerging Asia as top global growth engine

The IMF said Tuesday it remains upbeat about the economic prospects of emerging Asia, labelling the region "the most important engine of global growth" despite concerns over trade disputes and mounting debt.

I Called Blockchain Several Years Ago And I'm Now Calling This: Arcades Are Coming Back

Arcades seek to take virtual reality gaming mainstream

Gamers wearing headsets and wielding rifles adorned with flashing lights battle a horde of zombies, letting out the occasional terrified shriek. The virtual reality arcade in Singapore is part of a wave of such venues being opened as backers of the technology seek to shake off teething problems and break into the mainstream.

Thursday, April 19, 2018

China Continues To Open, United States Continues To Move Inward

China manufacturing firms plunge on foreign ownership plan

Shares in top Chinese manufacturing companies plunged on Wednesday after Beijing announced plans to phase out ownership limits for foreign automakers, shipbuilders and aircraft firms. The country will this year end shareholding limits for new energy vehicle firms such as those that produce electric cars, the National Development and Reform Commission (NDRC) said Tuesday.

I'd Be Careful With This Oil Surge

Asian markets rally as energy firms track oil surge

Asian markets enjoyed another day of gains Thursday as energy firms tracked a surge in oil prices, while fears over Syria and a possible China-US trade war eased. Fresh hopes that Donald Trump and North Korea's leader Kim Jong Un will hold a historic summit within months also provided some much-needed optimism.

There's No Way This Can Backfire

Pacquiao to launch own cryptocurrency

Philippine boxing icon Manny Pacquiao said Wednesday he would launch a cryptocurrency to connect with fans, but also backed the regulation of virtual currencies. Pacquiao, one of the world's most successful boxers, is the latest athlete to launch a virtual currency, following Floyd Mayweather and former England striker Michael Owen.

I Don't Know If This Hilarious Or Not Because They've Been Using The Currency Of "The Great Satan" This Entire Time

Iran to replace US dollar with euro in financial reports

Tehran, Iran - The government of Iran has announced plans to replace the US dollar with the euro in official financial reporting, according to state-run media. The move on Wednesday is seen as part of efforts to circumvent restrictions on accessing the US currency amid tensions with Washington, as well as prevent market instability generated due to fluctuations in the value of Iranian rial against the dollar.

Monday, April 16, 2018

Looks A Little Better Than A Tesla, Too

Taiwanese Electric Car Faster Than Tesla Roadster?

Watch your moves, Tesla and Rimac, there is a new contender in the market for the fastest electric car: XING Mobility’s Miss R. The offering from the Taiwanese carmaker also allows drivers to indulge in some off-road shenanigans.

Just When I Thought This Couldn't Get Worse

China says US trade talks currently 'impossible'

China warned on Monday that trade talks with the United States were "impossible" under current conditions after President Donald Trump reassured markets by suggesting that the dispute could be resolved.

Tuesday, April 10, 2018

Getting Swampier

Budget office projects growing deficits and massive debt during Trump administration

WASHINGTON — Propelled by the GOP tax-cut plan and increased government spending favored by both parties, the nation's deficit will top $1 trillion by 2020 and its debt burden within a decade will approach rates not seen since the aftermath of World War II, the Congressional Budget Office said Monday.

Monday, April 09, 2018

Colonialism v2.0: Chinese Securing Resources

Benin, Niger back Chinese involvement in mega rail project

The leaders of Benin and Niger have given their backing to Chinese involvement in a controversial major rail infrastructure project set to span several countries. "We have taken stock of the railway issue (and) we tried to see which measures could be taken to move forward," the Niger President Mahamadou Issoufou told reporters in Niamey alongside his Benin counterpart Patrice Talon.

Why?!?!

George Soros' Fund Plans to Trade Cryptocurrencies

George Soros’s $26 billion hedge fund is planning to trade cryptocurrencies, Bloomberg reported on Friday, months after the billionaire investor called the virtual currency a bubble. Adam Fisher, who oversees macro investing at the New York-based Soros Fund Management, got internal approval to trade digital assets in the last few months, though was yet to make a wager, the report said, citing people familiar with the matter.

Sunday, April 08, 2018

Never Waste A Good Crisis

S&P 500 on edge of disaster as trade war media chatter worsens

WASHINGTON, April 7, 2018: Traders and investors alike were shell-shocked at Friday's closing bell on Wall Street. The Dow plunged nearly 3 percent on the day, and the S&P 500 and NASDAQ got pounded almost as badly.