U.S. equities fell from record highs set earlier on Monday as a rally in retail stocks faded. The Dow Jones industrial average traded 28 points higher, but remained below 23,638.92, a record high set earlier in the session. The S&P 500 traded around the flatline, as a 6.6 percent pullback in Western Digital offset a … Read more
Back in 2013, James Howells made headlines when the story of his missing hard drive came to light. Howells was an early Bitcoiner who mined 7,500 Bitcoins back in 2009 with his laptop – when the cryptocurrency was still easily mineable, and barely worth anything. According to The Guardian, he mined them on a Dell … Read more
Source: MadHedgeFundTrader.com I have traveled in the Middle East for 50 years. When I first hitch hiked across North Africa in 1968, camels were everywhere, and most of the population was barefoot. These are the things I recall when dictator Muamar Khadafy was deporting me from Libya. When I grew up a few years later, … Read more
Don’t panic, but there is now a 70 percent chance of a U.S. stock market correction, according to research conducted by fund giant Vanguard Group. There is always the risk of a correction in stocks, but the Vanguard research shows that the current probability is 30 percent higher than what has been typical over the … Read more
Some people call them cryptocurrencies. Others call them altcoins or alts. But to many they’re known as shitcoins: digital currencies that are like bitcoin but, well, crappier. Sure, they may boast faster transactions and lower fees, but they lack the brand recognition, network effects and catchy name. Without, they were destined to be doomed. What’s … Read more
The Bitcoin bubble continues to stretch to even more grotesque proportions, clearing a value of at least $9,143 per bitcoin and attaining a market cap of $152 billion on Sunday, TechCrunch reported. The strong gains more or less put Bitcoin on a path to clear a value of $10,000 by the end of calendar year … Read more
Original Link | RockwellTrading by Markus Heitkoetter Trading was quiet last week, which was expected because of Thanksgiving. But stocks were up nicely considering it was a short week. Both the S&P and DOW added 0.9%. Meanwhile, the NASDAQsoared. Up 1.6%, the NASDAQ led the way. But in spite of last week’s rally, volatility remains extremely low. The DOW has gone 67 straight … Read more
Bitcoin is getting a Black Friday boost. The digital currency climbed above $8,700 to a record high Saturday following increased investor interest around the U.S. Thanksgiving holiday and Black Friday shopping. Bitcoin rose more than 6 percent to a record high of $8,725.13, according to CoinDesk, trading around $8,674 midday on Saturday. Another digital currency, … Read more
Get Don Kaufman’s FREE eBook: The Rebel’s Guide to Options Trading Stocks end the shortened Holiday week right at the upper level of the expected move. Led by AMZN, AAPL, and GOOGL the major indices hit new all time highs. In this crucial weekend update learn what to expect next week and what is driving … Read more
Original Link | KitcoNews by JAMES RICKARDS [Ed. Note: Jim Rickards’ latest New York Times bestseller, The Road to Ruin: The Global Elites’ Secret Plan for the Next Financial Crisis, is out now. Learn how to get your free copy – HERE. This vital book transcends rhetoric from the Fed and any threat of a bitcoin bubble … Read more