Saturday, December 9, 2017

New CME Bitcoin Futures And The Goldman Sachs Connection

Many Bitcoin zealots enthusiasts correctly believe Bitcoin futures contracts trading at the CBOE and CME would be a boon for Bitcoin.  Indeed, the price of Bitcoin has soared since the announcements, as front-runners have been driving prices up in anticipation of the exchanges trading Bitcoin futures December 11 and December 18, respectively.  But what Bitcoin cultists don't understand is that these same vampire squid bankers who have been manipulating and suppressing commodities prices (especially precious metals) now have the opportunities (and leverage) to apply the same suppression schemes on the price of Bitcoin.  They will short and crash Bitcoin.  Satoshi is rolling over in his Bitcoin nirvana.

Early adopters who got in at lower levels should be able to ride out the rollercoaster.  But Johnny-come-lately's with weak hands who sell at the faintest signs of weakness will get slaughtered.

http://www.zerohedge.com/news/2017-12-09/new-cme-bitcoin-futures-and-goldman-sachs-connection

Walking Into Armageddon

https://www.paulcraigroberts.org/2017/12/05/walking-into-armageddon/

Saturday, December 2, 2017

Tuesday, November 21, 2017

These Doomsday Preppers Are Starting to Switch From Gold to Bitcoin

Again, it's always prudent to spread out one's currency risk, whether conventional or alternative.

An all-in approach may reap spectacular returns short-term (e.g. Bitcoin), but could prove catastrophic long-term (e.g. USDollar).

Another point to note is how crypto-currencies can be used by financial media to slam gold, the ultimate store of value, even if it's not an ideal medium of exchange.

https://www.bloomberg.com/news/articles/2017-11-20/can-bitcoin-survive-an-apocalypse

Monday, November 20, 2017

Friday, November 17, 2017

Swiss bank to launch bitcoin futures to allow betting against cryptocurrency

In the be careful what you wish for category, Bitcoin enthusiasts have been cheering the fact that the cryptocurrency is now traded in futures exchanges, inviting institutional investors. The problem is these said institutions are the biggest price manipulators, and they will surely do so in such a small market cap space. Expect even more volatility and many being wiped out for being on the wrong side of the manipulation.

https://www.reuters.com/article/us-vontobel-bitcoin/swiss-bank-to-launch-bitcoin-futures-to-allow-betting-against-cryptocurrency-idUSKBN1DG2CX

Monday, November 13, 2017

Pension Ponzi Bailout: Democrats Sponsor US Treasury Bailout Scheme

I don't know how this could not be bearish for the dollar and bullish for any tangible asset, including precious metals.  Sure, asset prices could be manipulated either up or down short-term, but eventually, the manipulation stops working longer-term.

https://www.themaven.net/mishtalk/economics/pension-ponzi-bailout-democrats-sponsor-us-treasury-bailout-scheme-_RuDwkWLqkqISWkpsC0v9Q

Ray Dalio Goes On Gold Buying Spree, Adds 575% To GLD Holdings, Becomes 8th Largest Holder

This article does appear to be bullish for gold, and it is. However, read the comments as 95% of the commentators understand that Ray Dalio, founder of Bridgewater, the largest hedge fund in the world, did NOT buy physical gold, but instead, merely has exposure to the spot price of gold. He bought the GLD ETF, considered by many gold bugs in the know to be a ponzi scheme. As large as his GLD holdings are, he still won't be able to take delivery on physical gold, as he bought paper gold, a legal claim that will prove worthless when the $hit hits the fan.

http://www.zerohedge.com/news/2017-11-13/ray-dalio-goes-gold-buying-spree-adds-575-gld-holdings-becomes-8th-largest-holder