investment

JPMorgan Comes Out With First “Overweight” Call On Commodities Since September 2010

"Metals prices have reached levels that are demonstrably forcing involuntary production cuts and fresh demand. Against one-sided sentiment and following 15 months of destocking, Chinese buyers are going to realize very soon this is the opportune moment to back up the truck and to restock supply channels where China is import dependent. A surge in Chinese buying of a metal at a lower price has already been observed in gold. We expect renewed vigor in imports of copper and oil. It is quite obvious what the Chinese should do here in physical markets, in pursuit of China’s long-run economic and social self-interest." Continue reading →

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Regulation Means The Bitcoin Gold Rush Will Not Happen In The US, Say Experts

"Europe is better positioned as a better place to create Bitcoin-based startups than the US. That was the message coming out of Bitcoin London today, the first major conference in London to cover startups, investors and business models. Covering the broad sweep of Bitcoin businesses, technologists and institutions, the conference heard that the US may have made a fatal strategic mistake in classifying Bitcoin as if it were money. Bitcoin is being treated in many different ways: as money, as an asset class, as the first highly secure P2P global information exchange, as a technology platform and even as a if it were a startup entity in its own right." Continue reading →

Continue ReadingRegulation Means The Bitcoin Gold Rush Will Not Happen In The US, Say Experts

Gold price falls fuel ‘record’ bullion sales at UK’s biggest internet gold dealer

"BullionByPost said its sales hit £87m in the year to April, presenting a rise of 58pc on the previous year. Founder Rob Halliday-Stein said the plunge in the price had increased enthusiasm, describing Friday as a 'record' day with over £1m sales. 'For every seller, there’s a buyer,' he said. 'The sellers tend to be big and fast and the buyers smaller and slower. The reason they are buying has not changed - it is because they are worried about the medium to long term outlook for the economy, and QE.' He set up the internet delivery business in 2008 after he found it difficult to buy physical gold after inheriting money following the death of his mother." Continue reading →

Continue ReadingGold price falls fuel ‘record’ bullion sales at UK’s biggest internet gold dealer

Bill Bonner: How to Invest Like the Swiss

"You can barely throw a Krugerrand in any direction without hitting a rich banker or his model wife. They stroll along the Limmatquai. They dine at the Kronenhalle. They shop on Bahnhofstrasse. And what do they think of today's markets? 'It's crazy what is happening,' said our friend. 'But crazy things happen. You just have to make sure you're not doing something crazy too.' Only a fool would pretend to know where gold will come to a bottom. Nobody knows. But a lot of people think they know. And when people think they know something that they can't really know, it is an opportunity for those who don't know and who know they don't know. Is that clear?" Continue reading →

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Peter Schiff: Tapering the Taper Talk

"In truth, I believe that the Fed's next big announcement will be to increase, not diminish QE. After all, Bernanke made clear in his press conference that if the economy does not perform up to his expectations, he will simply do more of what has already failed. Of course, when the Fed is forced to make this concession, it should be obvious to a critical mass that the recovery is a sham. Investors will realize that years of QE have only exacerbated the problems it was meant to solve. When the grim reality of QE infinity sets in, the dollar will drop, gold will climb, and the real crash will finally be upon us. Buckle up." Continue reading →

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Peter Schiff: The Golden Cycle

"This analysis provides a good representation of the current conventional wisdom. The only twist here is that the article from which this summary is derived appeared in the August 29, 1976 edition of The New York Times. When the gold price approached $100 per ounce, a nearly 50% decline, the obituaries came fast and furious. Everyone assumed that the gold mania would never return. Although the writer of The Times piece did not yet know it, the bottom for gold had been established four days before his article was published. Few realized at the time that the real economic pain of the 1970's had (to paraphrase The Carpenters 1970's hit) 'Only Just Begun'." Continue reading →

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Bill Bonner: How Low Can Gold Go?

"The price can easily step back 50% in a bull market... then continue its upward surge. 'At the moment gold shares are not far off pricing in the end of the world,' says Evy Hambro of Blackrock. End of the world? Not quite. The end of the world can come at any time... and at any gold price. But we doubt that it will come on July 1, with gold at $1,200 an ounce. The feds have created an economy that can't be sustained. Because it requires bigger and bigger inputs of cash and credit. Everyone knows this can't go on forever. That's why the Fed is talking about 'tapering.' But you don't 'taper' a major addiction; you have to hit bottom first." Continue reading →

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Chinese investors go crazy for Bitcoin

"A BTC craze is sweeping China, as hundreds start to invest and trade large amounts of the virtual currency Bitcoin. The craze has given birth to a huge industrial chain, covering trading, mining, chip production and mining-machine assembly. Bitcoin transactions are secured by servers called bitcoin miners but based on the huge surge in demand for the currency, Bitcoin mining machines are in short supply. According to Tencent, there are two Chinese mining teams capable of processing large amounts of Bitcoin transactions. Figures show that China now boasts the most number of BTC nodes, which help control the computing power of the Bitcoin netweek, at 85,220." Continue reading →

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