Sunday, December 31, 2017

Pioneering Africa Forward With Clean Energy

AfDB Achieves 100 Percent Investment in Green Energy Projects in 2017

The African Development Bank announced that it achieved a 100% investment in renewable energy in 2017, a major landmark in its commitment to clean energy and efficiency. Power generation projects with a cumulative 1,400 megawatts exclusively from renewables were approved during the year, with plans to increase support for renewable energy projects in 2018 under the New Deal on Energy for Africa.

And I Expect This To Continue For Oil In 2018

US oil prices end above $60 for 1st time in 2-1/2 years

US oil prices finished above $60 a barrel for the first time since June 2015 after new data suggested American producers were being cautious about ramping up output. The benchmark US contract, West Texas Intermediate for February delivery, climbed 58 cents to finish at $60.42 a barrel.

Saturday, December 30, 2017

What Does The New Year Hold For Cryptocurrencies In General?

What 2018 Has In Store For Ethereum

It’s hard to imagine a better year for Ethereum than the one it had in 2017. The open-source blockchain platform saw its value skyrocket to new highs, locked up a majority of initial coin offering projects and started to gain traction in the mainstream.

We Knew This Already, You're Not The Only Ones Left Wondering

China: 'This is Not How a U.S. President Should Behave'

China has rejected President Donald Trump's accusations that it was illegally supplying oil to North Korea, criticizing Friday the Republican leader's evidence, and his demeanor. Trump launched the allegation Thursday via a tweet in which he claimed China had been " caught RED HANDED" shipping oil into North Korea, a violation of the strict United Nations Security Council sanctions punishing the reclusive, authoritarian state for its unwillingness...

Tuesday, December 26, 2017

I'm Liking Biotechnology (XBI)

It goes without saying the Biotechnology ETF XBI is looking sweetly positioned at the moment. It appears to have finished a decline with a bounce off of the MA(144), had a false breakout and seems a little stuck in a horizontal pattern, but what really turns me on is that EMA's look ideally positioned. I should have mentioned this two trading days previous as that was when the cross happened. If you're unsure buy above $85.25 but one of my longer term indicators is about to cross over which has me quite excited!

There Was Always Going To Be A Rub

'Virtual gold' may glitter, but mining it can be really dirty

As the poster child for the growing ranks of computer-generated currencies, bitcoin's recent stratospheric price rises have propelled it from the chat forum-hosted depths of nerddom into the global consciousness.

It Has Surprised All Expectations, But We Need To Cool Off

Stock market keeps rising, and Wall Street sees no end

John Templeton, the late investing guru, once said bull markets in stocks "mature on optimism" before they eventually "die on euphoria." Chalk up 2017 as another year of maturity for the current bull market — on a record scale.

Monday, December 25, 2017

You Can Ask For It But You Ain't Getting' It

Donald Trump wants credit for economy's strength

The economy roared to life this year under President Trump, who proudly claimed the success as his own and said the lack of credit given to him was one of the media's biggest slights against him all year.

Best Trade For The Next 10 Years Will Be Shorting Bonds, This Could Be The Beginning

Could the 'curve' be warning of a US recession?

The US economy may be basking in the warm glow of solid growth, but economists are nervously eyeing a trend in the bond market that could spell stormy weather ahead. Even though President Donald Trump is touting unemployment at its lowest level in 17 years and Wall Street soaring to new heights, economists are worried about one indicator that is often a harbinger of recession: the yield curve.

Because We All Know What An Absolute Powerhouse Of Activity Guatemala Is

Guatemala to move embassy to Jerusalem: president

Guatemala is to move its embassy in Israel to Jerusalem, President Jimmy Morales said Sunday, becoming the first leader to back US President Donald Trump's controversial change of stance on the holy city.

Thursday, December 14, 2017

Interesting Turn Of Phrase

How Bitcoin Has Become A Decentralized Ponzi Scheme

The mainstream media has finally taken notice of the cryptocurrency world. Or perhaps more accurately, the cryptocurrency world has crashed onto the stage and into the spotlight. Some people who believed in the technology and bought into it just a couple of years ago have stood to make huge gains.

The Continued Push Against All Things Oil

Chinese auto giant to end petrol vehicle sales by 2025

One of China's largest state-owned automakers has said it will phase out sales of all petrol vehicles by 2025, as Beijing considers taking all fuel-burning cars off the country's roads. Beijing Automotive Group Co (BAIC) chairman Xu Heyi said over the weekend the company will phase out sales of conventional cars in Beijing by 2020 and nationwide by 2025, according to the official Xinhua news agency.

Wednesday, December 13, 2017

Interesting. Is The Backlash Beginning?

South Korea bans its banks from dealing in Bitcoin

South Korea on Wednesday banned its financial institutions from dealing in virtual currencies such as Bitcoin, as the cryptocurrency soars in a bubble fuelled by retail speculators, many of them from the country.

Maybe This Is Why Treasury Yields Will Be Going Up In A Year Or Two

Treasury report says tax-cut plan will more than pay for itself, add $300 billion in revenue

The Treasury Department said Monday that the Senate-approved tax reform plan would pay for itself and more, actually boosting revenue by $300 billion over 10 years. The one-page analysis by Treasury counters a congressional forecast that the tax cuts would add about $1 trillion in deficits over the next decade.

One Voice Of Reason Spoke Out

Rand Paul says he won’t vote for spending bill that adds to “already massive $20 trillion debt”

Screen Shot 2017-12-12 at 22417 PM Sen. Rand Paul (R-Ky.) said on Tuesday that he won’t vote to add to the “massive” national debt. “I cannot in good conscience vote to add more to the already massive $20 trillion debt.

Another Reason To Be Bullish On Oil: Scarcity

World Bank to stop financing oil, gas projects from 2019

The World Bank will stop financing oil and gas exploration and extraction from 2019, it announced Tuesday at a climate summit seeking to boost the global economy's shift to clean energy. "The World Bank Group will no longer finance upstream oil and gas, after 2019," it said in a statement in Paris, where world leaders sought to unlock more money for the shift away from Earth-warming fossil fuels.

Monday, December 11, 2017

Hooray!! (Except If You're England)

EU and Japan conclude 'gigantic' free trade deal

The EU and Japan announced on Friday they have concluded negotiations for a giant free trade deal while "fighting the temptation of protectionism," in an apparent message to US President Donald Trump.

Here We Go Again

Ethereum Could Hit As High As $4,000 In 2018

Cats: You either love those harry furballs or you don’t, but the internet is filled with them. Given their ubiquity in the digital space, it was perhaps inevitable that cats cross over into crypto-land and onto the most dominant smart-contract platform today: Ethereum.

The Face Of Capitalism Continues To Change

Aldi to Give Away All its Unsold Fresh Food to 'Less Fortunate Individuals' on Christmas Eve

In celebration of the holiday season, grocery store chain Aldi is being lauded for announcing a plan to donate all unsold fresh food to various nonprofits and charitable organizations on the afternoon before Christmas.

Sunday, December 10, 2017

You're Kidding

President Trump Watches Four Hours of TV a Day

The same president who once told reporters he doesn’t have time to watch television and prefers to be “reading documents. A lot” watches at least four hours of TV every day, and sometimes up to eight hours, people close to him told The New York Times.

The Middle Eastern Cold War Changes

Arab League condemns US move as 'dangerous and unjust'

The head of the Arab League has called US President Donald Trump's decision to recognise Jerusalem as Israel's capital "dangerous and unacceptable" and a "flagrant attack on a political solution" to the Israeli- Palestinian conflict.

Picking Up A Two-Four For Four-Twenty

Legal Pot: Canada Will Sell Marijuana in Liquor Stores

One province in Canada has decided to sell its marijuana in liquor stores. Nova Scotia, a province on Canada’s eastern shore, announced on Thursday that the Nova Scotia Liquor Corporation, its sole alcohol distributor, would sell the drug in its stores and on its website once Canada legalizes weed in July of next year.

Thursday, December 07, 2017

Northern China Hungry For Natural Gas

How gas-for-coal program is carried out makes a difference

The National Development and Reform Commission, China's top economic planner, has stepped in to coordinate the major natural gas suppliers to stabilize prices and ensure an adequate supply to cope with rising demand in northern China.

Wednesday, December 06, 2017

I Think Airbus And Boeing Should Start Praying

C919 gains another 55 orders, lifting total orders to 785

China's homegrown large passenger plane C919 takes off from Pudong International Airport in Shanghai, East China, Nov 10, 2017. [Photo/Xinhua] The C919, China's first home-developed large passenger plane, gained another 55 orders on Tuesday from ICBC Leasing Co Ltd, China's largest aircraft leasing company by assets, lifting its total orders to 785.

Awwwwwwwwwwwwwwww, Fuck....

Trump to recognize Jerusalem as Israel's capital

President Donald Trump will recognize Jerusalem as Israel's capital Wednesday, upending decades of careful US policy and ignoring dire warnings of a historic misstep that could trigger a surge of violence in the Middle East.

Tuesday, December 05, 2017

A Prediction Was Made For The Dow To Be At 36,000....Back In 2000 Before It Crashed

Why Bitcoin's Price Will Be Valued At $150,000 By The End Of 2018

Within my daily social life, I often ask people if they know about Bitcoin. For the last few years, most of the responses I received were either “No,” or “Isn’t that what people use for illegal activities?”

Toyota Makes Progress On Self Driving Vehicles

Nissan to begin field tests for 'robo-taxis' in Japan

Nissan said Tuesday it would begin field tests for driverless "robot taxis" early next year as its rivals around the world step up self-driving technologies. The car giant and Japanese mobile game company DeNA have jointly developed the new driverless vehicle services, dubbed Easy Ride.

Biotechnology (XBI) Getting Hammered

Biotechnology ETF XBI got hamered yesterday after it made a a third attempt at resistance. Clearly this downward channel is here to stay, but what is interesting is how close my MA(144) line is. A move below this and we are into bearish territory where we begin to think about shorting stocks. Interestingly Semiconductors ETF SMH has also had a tough time of late. With December being a slow month for the stockmarket is it time for it to take a breather?

Colonialism v2.0: Not As Easy As You Think

Pakistan, Nepal, Myanmar Cancel Chinese Projects, Jolting Belt and Road Plan

In the short space of just a few weeks, Pakistan, Nepal and Myanmar have confirmed the cancellation three major hydroelectricity projects planned by Chinese companies. The rejection of the three projects, worth nearly $20 billion, comes as a serious jolt to China’s ambitious trade-linking project, the Belt and Road Initiative (BRI).

Monday, December 04, 2017

Energy: Where Do You Think It's Going, And What Do You Think It's Going To Do?

Sorry I haven't posted in a while but Energy ETF XLE caught my eye recently. Part of the reason for it's meteoric rise would be OPEC announcing that production cuts are staying in place until 2018 sometime. You can see on my chart for a while XLE has been floating above and below the MA(144) line. I spotted back in September an interesting buy signal while it was still below the MA(144) which it promptly smashed through and then retraced to previous highs back in June and August. Since then its been stuck horizontally but now rapidly rising to an overhead resistance of around $70.50. Obviously it's going to make it, probably retrace again back to $69.00 and when the EMA(3) crosses over the EMA(5) I expect it to move past $70.50.

You're Not Going To Be Able To Keep Them Down Forever. Soon It Won't Even Matter.

Trump administration rejects China's bid for market economy status

The Trump administration has confirmed it rejects China's bid to be considered a market economy in the World Trade Organization, making it subject to more onerous trade penalties. In a 41-page legal document presented to the WTO, the US Trade Representative defended its right to consider China a non-market economy when ruling on how to handle a flood of cheap imports from the manufacturing behemoth and protect domestic industry.

Sunday, December 03, 2017

The Legitimisation Of Cryptocurrencies

US agency gives green light to bitcoin on major exchanges

A US regulator cleared the way Friday for bitcoin futures to trade on major exchanges, but warned investors the digital currency is prone to elevated risk and volatility. The decision opens the door for the Chicago Mercantile Exchange and CBOE Futures Exchange to offer contracts for futures of the virtual currency, rather than trading the actual currency.

I'm Seriously Tripping Balls Here. Who Won The War?

Communist Hanoi gets its first McDonald's

Global burger behemoth McDonald's opened its first branch on Saturday in the historic heart of communist Hanoi, a conservative city renowned for its traditional -- and cheap -- Vietnamese staples beloved by food-obsessed locals.

Friday, December 01, 2017

Tax Alliance Is Breaking Apart

Tax cut plan collapses in Senate; Republican 'trigger' breaks rules

Senate Republicans were struggling to keep their $1.4 trillion tax cut on track Thursday night after a key compromise crumbled, sending leaders scurrying for another last-minute rewrite to try to keep deficit hawks on board.

There Was Always Going To Be A Rub, Didn't Think It Fly In The Face Of 'America First'

GOP Tax Plan Helps Foreign Investors At Expense Of US

The Republican tax reform plan fails President Donald Trump's "America First" promise: It will give billions to foreign investors at the expense of middle class Americans. If the plan passes through Senate this month, foreigners will see more money than all middle-income households in the United States combined.

Clearly Not All Of Us Are As Equally Enthused As The Ameicans

Asian investors tread carefully with US tax reform in the balance

Most Asian markets saw tentative gains on Friday but investors moved nervously as Donald Trump's much-hyped tax-cut plans hung in the balance after a plan to push them through hit unexpected hurdles. The Dow surged to new records on Wall Street as several key Republicans backed the controversial reforms, which the president says will fire up the US economy, fuelling hopes they could reach Trump's desk for signing by year's end.