investment

How long can this rally last?

"Is today’s rally in stocks something you can count on and invest in with profitable results? Or is it likely to end soon — most likely, just as you put YOUR money on the table? Among the thousands of investors flocking to Las Vegas for the Money Show this week — in workshops, during cocktails and around the hotel’s gambling tables — this is the big question being asked over and over again. It’s the same question debated on Yahoo! Finance, CNBC, and in the halls of big Wall Street firms. Everyone wants to know. Many venture to guess. But we do know that most stocks are going up for all the wrong reasons." Continue reading →

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New York auction houses celebrate after billion-dollar sales week

"Two of New York’s leading auction houses combined for the art world’s richest sales week ever, with works going under the hammer for a breathtaking total of more than one billion dollars. Christie’s reaped in more than $638 million dollars at its blockbuster contemporary art auction on Wednesday. Its staggering haul included a record $58.4 million for a Jackson Pollock drip painting, which shattered all previous records for the highest price for any work at an art auction. An official at Christie's said the record prices 'reflect a new era in the art market, wherein seasoned collectors and new bidders compete at the highest level within a global market.'" Continue reading →

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Rupert Murdoch: Look Out Facebook!

"Rupert Murdoch, who famously bought MySpace for $580 million in 2005, and sold the company in 2011 for just $35 miilion, tweets that the same early problems that he saw develop at MySpace are now developing at Facebook, namely that Facebook users are spending less time at Facebook. 'Look out Facebook! Hours spent participating per member dropping seriously. First really bad sign as seen by crappy MySpace years ago. — Rupert Murdoch(@rupertmurdoch) May 17, 2013'" Continue reading →

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Tesla’s Elon Musk Is No Dummy

"You have to be pretty smart to create an online payment company, an electric car company and a space exploration company in quick succession. Indeed, Elon Musk, who founded or co-founded PayPal, Tesla Motors and SpaceX, has degrees in economics and physics. He started a PhD at Stanford in applied physics and materials science, but dropped out to become an entrepreneur. Smart move. Today, Musk is worth an estimated $4.3 billion after strong gains in Tesla shares, along with Solar City, where he is chairman and owns 28 percent. Proceeds from share sales will be used to pay off Tesla’s taxpayer loan under a Department of Energy program." Continue reading →

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BitPremier Sells Luxury Goods For Bitcoin

"We've found a guy who claims to be putting his Trump Soho condo up for sale. And he will only take payment in Bitcoin. Later today, he will advertise the property exclusively on BitPremier, the first-ever online Bitcoin exchange exclusively for luxury goods. The site launches today. We recently spoke by phone with BitPremier founder Alan Silbert, who also serves as a VP for GE Capital, about the goals for BitPremier. He said purchasing options for people who own lots of Bitcoin have thus far been limited. Along with the choice condo, the site will also launch with a Bahamas villa, a Leroy Neiman artwork, and a high-end watch. A Ferrari and Mercedes are also imminent." Continue reading →

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Tesla Motors now more valuable than Italian auto giant Fiat

"The rocketing stock price of electric sports car maker Tesla made it more valuable than Fiat Tuesday — even though the Italian auto giant produces 200 times more cars than the American upstart. After a more than 50 percent gain in the past week, Tesla’s market value topped $10 billion, compared to the Turin giant’s $8 billion, as investors reacted to the company turning a profit in the first quarter and analysts boosting their forecasts. The shares were up 55 percent in one week and 150 percent since the beginning of the year, after struggling through 2012 on production delays and questions about whether it could turn a profit." Continue reading →

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Doug Casey: Conspiracies, Gold and the Continuing ‘Greater Depression’

"On a personal level, try to produce more than you consume. Keep your savings in gold, not in currencies. Diversify internationally because your biggest risks today are political, not market risks, not investment risks. The investment risks today are huge because with governments all over the world creating trillions in new currency units they've driven stock markets to what I think are unsustainable levels. They've driven the bond markets to become the biggest bubble in world history. The bond markets are in a bigger bubble now than tech stocks were in the year 2000 or real estate was in the year 2007. Think like a speculator, because they're going to ignite lots more bubbles." Continue reading →

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Bitcoin mining – public companies

"Bitcoin mining companies have several advantages over running a mining operation yourself. The most significant one is that you don’t have to worry about setting up and maintaining mining hardware. Many of these companies have built-in plans to increase their speed as the network difficulty rises, reducing the risk of a quickly diminishing payout. Additionally, selling shares is significantly more liquid than selling mining hardware if you decide not to be in the mining business anymore. The counter-point to these advantages is that you will be paying a management fee of several percent that will come out of profits." Continue reading →

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Paul Craig Roberts: Assault On Gold Update

"Who has 16 million ounces of gold? At the beginning gold price that day of about $1,550, that comes to $24,800,000,000. Who has that kind of money? What happens when 500 tons of gold sales are dumped on the market at one time or on one day? Correct, it drives the price down. Investors who want to get out of large positions would spread sales out over time so as not to lower their sales proceeds. The sale took gold down by about $73 per ounce. That means the seller or sellers lost up to $73 dollars 16 million times, or $1,168,000,000. Who can afford to lose that kind of money? Only a central bank that can print it." Continue reading →

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