In an incident that recalls the “almost simultaneous” bomb threats across Russia back in September that resulted in the evacuation of 45,000 people, briefly disrupting life in Russia’s largest city, a bomb threat targeting 25 buildings in Moscow prompted mandatory evacuations of Russia’s upper house of Parliament and the city’s stock exchange, according to TASS.… Read More
Despite the fact that on Friday WYNN shares dumped over 10% on news of scandal surrounding Steve Wynn, several casino stocks are in a position to breakout and run. Everyone is bullish on the stock market as sentiment surveys show that there is now a record low number of bears. Stock sectors and individual stocks…… Read More
Cape Town’s main water supply was from the Theewaterskloof dam outside Grabouw… But amid its worst drought in more than 100 years… Cape Town’s date with destiny as the world’s first major city to run dry, looms. With the so-called “Day Zero” less than 3 months away, security forces have been drafted to guard water-collection… Read More
It is safe to say that one of the most popular, and important, charts of 2017, was the one showing the ongoing and projected decline across central bank assets, which from a record expansion of over $2 trillion in early 2017 is expected to turn negative by mid 2019. This is shown on both a… Read More
Mark Zuckerberg through his investment fund Iconiq has just invested big into ChromaDex (CDXC) the maker of an Anti-Aging product Tru Niagen with sales beginning to explode as word about its benefits go viral! Other billionaires are also investing big into CDXC including Li Ka-shing, Hong Kong’s wealthiest person! Apparently, they are all taking Tru Niagen themselves and… Read More
They call them “deepfakes.” It’s the term for pornography made using artificial intelligence-assisted technology to superimpose a person’s face on another performer’s body – essentially allowing the producer to create fake porn featuring celebrities, politicians or even average every people. In a report published Wednesday, Motherboard recounted how they discovered a user on Reddit responsible… Read More
Can’t say enough about how spot on Trace Mayer is in this most excellent video. Not only is the well spoken Trace Mayer right about bitcoin’s value proposition, but he thoroughly understands money, the history thereof, and the criminality that is the current central banking system. Note the immutability of Bitcoin compared to other Cryptos…… Read More
*Note: I will be traveling for the next two weeks and will be unable to make posts on a regular basis until I return. Downward pressure on the entire space obviously continues. There has been a series of H&S patterns as well as bearish flags that have all worked to take prices lower. There is… Read More
Two time, best-selling author Nomi Prins says global debt levels are at record highs. Prins contends, “These are levels that they have never been, and they are all at their historic highs. That’s why debt will ultimately be the destructor of the system. In order for that to happen, the cheapness of money that allow… Read More
The reaction to the government shutdown is quite interesting. Of course most markets were closed at the time, but stocks, bonds, and even gold mostly yawned while they were open knowing that it was likely to occur. Then when it did occur, BTC rose sharply, climbing more than $1,000 per coin. Bitcoin Cash, Litecoin, Ripple,… Read More
After pointing out this morning a potentially bearish pattern, a bullish one manifested itself later. Instead of breaking lower, Bitcoin prices hung out all day between $11,000 and $12,000. Just now a break above the top of a bullish pennant occurred on heavier volume. Here’s a 15 minute chart showing the break: The target for… Read More
Yesterday’s selloff ended at BTC $9,000. This was an interesting place for it to end as there really was no support in that zone. So what happened? I think it’s very interesting that the bottom seemed to coincide with Binance’s reopening to new accounts – but it also coincided with yesterday’s expiration of the first… Read More
First of all, it appears that Binance has reopened to new accounts without publicizing it (Binance Registration). If you’ve been waiting to get in, please do so promptly as they could close it off again at any time. WHERE DOES THE SELLING END? Having broken through $10,000 this morning, as I type we’re now down… Read More
Just a quick update to let folks know what I see. Obviously the large triangle we’ve all been tracking has broken to the downside. That’s pretty bearish, and there are formations that tell me Bitcoin price, and most of the space follows, is heading into the sub $10,000 range. For those whose philosophy is to… Read More
*Note: For better viewing, please download a .pdf version of this article by clicking on this link: Bitcoin and the Cryptocurrency Revolutionpdf For the sake of brevity, I will not go into basic Crypto terminology or how blockchain and trusted ledgers work. Please google it, or use the Glossary link below if you don’t know the… Read More
This post Matt Badiali’s Freedom Checks Exposed! appeared first on Daily Reckoning. Investment expert Matt Badiali recently released a viral video called “Freedom Checks” that has many scratching their heads, wondering what these investments are exactly. In the video, now viewed by millions of Americans, Matt says these “freedom checks” are not a government program… Read More
Bitcoin and most Cryptocurrencies continued with their sideways consolidation over the weekend. I’ve been noting how many times $13,800 has been crossed in this Triangle, that count is now up to 195 times, and it looks to go still higher since we’re currently underneath: Sideways patterns eat time and frustrate people who are looking for… Read More
Wow, the phony stock market rose 200+ points yesterday, 200+ points today! That’s .8% a day, pretty impressive! That is until you consider that gold rose 1.9% during the same time period, or that silver rose 2.5%! Yes, Bitcoin is moving sideways, for now, but don’t think for a second it will stay that way.… Read More
*Note for readers of the Crypto Updates – please go to Cryptonomicedge.com and sign up for email on that site. Some Crypto updates and information will not be posted to the Economic Edge site. The email sign up is found in the right hand column of the Home Page. Also, feel free to click on… Read More
That Bitcoin chart is so beautiful! Wave 2 down was one of the most symmetrical waves I have ever seen. For the past couple of days I have been showing the wave 2 count, wave 2 downtrend line, and the associated “fork” that I have been projecting. I showed how each b wave perfectly touched… Read More