Survival Tactics for a Hypervalued Market

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  John P. Hussman, Ph.D. President, Hussman Investment Trust January 2018 It is not to be forgotten that what we call rational grounds for our beliefs are often extremely irrational attempts to justify our instincts. – Thomas Huxley As we begin 2018, the most appropriate starting point is to clarify our actual investment stance. A… Read More

Russian Tankers Reportedly Caught Selling Oil To North Korea

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After Chinese vessels were “caught red handed” – in the words of President Trump – by US spy satellites, illegally selling oil to North Korea, and following this morning’s news that a Hong Kong ship was seized after transferring oil to North Korea, Reuters  is reporting ‘two senior Western European security sources’ confirm Russian tankers… Read More

Gold cracks $1300 to finish year up 12.5%

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Gold bulls have something to cheer about today even before the champagne corks fly on Sunday night. In afternoon trading on Friday, the last business day of the year, gold was bid up to $1306.50, before dropping to $1303 at 13:53 EST. It was the first time since August, corresponding with a terrorist attack in Barcelona, that gold… Read More

Venezuela backs its new cryptocurrency with 5 billion barrels of crude

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Venezuelan President Maduro shocked the market in early December when he followed China’s ‘petro-yuan’ futures announcement by making headlines of himself proclaiming a new national cryptocurrency – the ‘Petro’ – to overcome The West’s “financial blockade.” Today he followed up by confirming “every single Petro will be backed by a barrel of oil… and gold.“ “The objective is to advance in the Venezuelan… Read More

NIA Announces QIWI as #1 Stock Suggestion for 2018!

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NIA is excited to announce QIWI PLC (QIWI) as its #1 stock suggestion for 2018! Currently trading for only $13.98 per share with 61.77 million shares outstanding, QIWI has a market cap of $863.54 million with $287.67 million in cash and no debt, for an enterprise value of only $575.87 million. QIWI has trailing twelve month revenues… Read More

Frontrunning: December 27

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Post-Holiday Rush: Homeowners Line Up to Prepay Tax Bills (WSJ) World stocks rise as metals surge mitigates iPhone X woes (Reuters) White House Considers Former Bush-Era Economists for Fed No. 2 Job (WSJ) More lawsuits over slowing down of older iPhones (Reuters) Barclays Takes $1.3 Billion Hit From U.S. Tax Bill (BBG) Shell, Barclays Detail… Read More

Some Are Calling This ‘The Bitcoin Crash’, But Others Believe It Is Just A Bump In The Road On The Way To $40,000

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Bitcoin, Ethereum, Litecoin and other major cryptocurrencies have been on a wild ride this year, and over the past 10 days the volatility that we have witnessed in the marketplace has been absolutely breathtaking.  On December 17th, Bitcoin shot above $19,800 for a brief moment before it started plummeting dramatically.  At one point the price… Read More

Markus Jooste’s troubles deepen – Lenders sue over racehorse company non-payment

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By Renee Bonorchis (Bloomberg) – Markus Jooste, the ex head of Steinhoff International Holdings NV who quit this month amid an accounting scandal, is being sued by three South African lenders after a racehorse company he was a director of failed to meet its financial commitments. Recently departed Steinhoff CEO Markus Jooste Mayfair Speculators Pty Ltd., of which Jooste… Read More

Is This Why Charlie Lee Sold His Litecoin?

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Authored by Tom Luongo, The news broke yesterday morning that Litecoin developer and outspoken founder, Charlie Lee, sold or donated all of his liquid Litecoin holdings.  This prompted a big sell-off in the cryptocurrency markets, putting on pause the bounce off of the previous night’s bottom below $16000 for Bitcoin. This comes in the wake… Read More

The Great Bitcoin Crash of 2018

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This post The Great Bitcoin Crash of 2018 appeared first on Daily Reckoning. A bitcoin “flash crash” briefly rattled cryptocurrency traders last night. Bitcoin lost more than $3,500 before quickly recovering. As of early this morning, the digital currency is back above $17,000. Speculators may have gobbled up this brief bitcoin dip. But it isn’t… Read More

US Military Rushes To Study Blockchain As 'Hybrid Wars' Loom

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President Trump signed into law the 2018 National Defense Authorization Act on Tuesday, a $700 billion defense policy bill that mandates for a “briefing on cyber applications of blockchain technology.” Language within the bill is part of a much wider effort to modernize the United States military, before decades of hybrid wars breakout (see: US Army Is Preparing For… Read More

How coincidental was the Economist’s 1988 cover of a new global currency in 2018 with the advent of China’s ending the Petrodollar system?

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President Franklin Roosevelt is often misquoted for saying, “In politics, nothing happens by accident.  If it happens you can bet it was planned that way.” However at the highest levels of global power, very often things are indeed planned out years in advance, and with the intention of creating a Hegelian Dialectic to achieve the… Read More