Is this the end of Bitcoin?
By David Glance, University of Western Australia Bitcoin was dubbed the worst investment of 2014. As predicted however, 2015 has seen the continued fall in value of the currency that was supposed to fuel the digital age. In the last 10 days alone, it has lost 26% in value. Bitcoin’s decline If 2014…
Futures speculators buying gold and silver
Both gold and silver have enjoyed massive buying by American futures speculators in recent weeks. It all started with Fed chair Janet Yellen’s cavalier dismissal of inflation, but the buying momentum persisted well after that. Happening in the midst of the summer doldrums when global precious-metals investment demand is weak, this is an exceptionally-bullish portent. …
Gold-stock prices have never been cheaper relative to their underlying profits
Gold miners’ stocks have been brutalised this year, leaving them bleeding in the gutter as the most hated sector in all the markets. Plunging prices always lead to fear and excessive bearishness, unsustainable anomalous extremes that investors desperately try to rationalise as righteous. Today the bears’ primary rationalisation against gold miners is the notion they…
