Cryptocurrencies have now been financialized as High Frequency Trading computers (HFT) take over sector

Over the weekend the Financial Times reported that a number of High Frequency Trading (HFT) firms have now entered into the Bitcoin and cryptocurrency sector, which when coupled with Coindesk’s allowance of options trading means that cryptocurrencies have now been fully financialized. According to an article in the Financial Times, several high-frequency trading firms have started trading operations in […]

Apple’s Top Secret “Project Titan” Revealed

This post Apple’s Top Secret “Project Titan” Revealed appeared first on Daily Reckoning. “Project Titan.” That’s the name of Apple’s most closely guarded secret project. Until recently only a handful of people knew of the project’s existence. Even fewer could tell you what the project was about. Thank god for Twitter. Last week a game-changing […]

Lonmin confirms 1,000 jobs at risk as market pressures intensify

LONMIN confirmed it was cutting jobs in order to protect its operations against sustained low platinum group metal (PGM) prices and increasing cost pressures. Reuters reported earlier today, citing the union Solidarity, that some 1,000 jobs were at risk. Lonmin spokeswoman, Wendy Tlou, said the figure included contractors. In terms of permanent employees up to […]

Urgent NIA Update – What a HUGE Day!

NIA’s Hive Blockchain (TSXV: HIVE) announced this morning that it is paying $22 million to acquire a new Cryptocurrency mining data center in Sweden that will expand its mining capacity by 175%! HIVE is up another 22.3% today to a new all-time high of $3.68 per share for a gain of 397.3% since NIA announced HIVE one month ago as its #1 favorite Cryptocurrency stock suggestion at $0.74 per share! NIA’s GoldMoney (TSX: XAU) just hit a new 52-week high today of $6.06 per share for a gain […]

Good Companies Don't Always Make Good Stocks

Authored by Vitaliy Katsenelson via, I was recently going through a new client’s portfolio and found it full of the likes of Coca-Cola, Kimberly-Clark and Campbell Soup – what I call (pseudo) bond substitutes. Each one is a stable and mature company. Your mother-in-law would be proud if you worked for any one of […]

New York AG Launches Civil Rights Probe Into Weinstein Company

Thomas Barrick’s Colony Capital might want to hold off on its planned purchase of “some or all” of the Weinstein Company’s major assets, because the company might need those to settle a civil probe that’s been opened by New York Attorney General Eric Schneiderman. According to the New York Times and the New York Post, […]

Chart of the day – Nasdaq, QE and 0% interest rates

Look at what the Nasdaq bubble did in 1999-2000 with no QE and interest rates around 5%. Now imagine how our current Nasdaq market is setup to explode much much higher. The post Chart of the day – Nasdaq, QE and 0% interest rates appeared first on Source:

Platinum miner Lonmin to cut over 1,000 jobs in South Africa

LONDON, Oct 23 (Reuters) – Platinum miner Lonmin plans to cut over 1,000 jobs before Christmas, South Africa’s Solidarity union said on Monday, due to persistently low commodity prices and rising costs. “Because of these cost pressures, Lonmin has decided to place a number of its marginal shafts under care and maintenance and that is […]

Backing Out

Snippet:  News reports this week indicated that the Bank of Nova Scotia (ScotiaBank), Canada’s third largest bank, had put its precious metals operation, ScotiaMocatta, up for sale. Various sources said the unit had been for sale for a year or so and it was thought or hoped that Chinese interests might buy the business. It […]

Northern Miner's Progressive Mine Forum Livestream

This is a live stream from the Progressive Mine Forum. The focus of this innovative event is on bringing together service providers, mining company executives as well as students and young professionals to learn about and interact with the most cutting-edge innovations that are set to re-define the mining industry. The post Northern Miner’s Progressive Mine […]

The Harmful Effects of Antifa by Diana Johnstone

The Harmful Effects of Antifa Diana Johnstone An historic opportunity is being missed. The disastrous 2016 presidential election could and should have been a wakeup call. A corrupt political system that gave voters a choice between two terrible candidates is not democracy. This should have been the signal to face reality. The U.S. political system […]

Bill Ackman: "I’m Only Second To Donald Trump In Terms Of Clicks On The Internet"

There are several delightful tidbits in this weekend’s FT interview with ADP CEO Carlos Rodriguez, who has been engaged in a bitter proxy fight with activist investor Bill ackman. For those who are familiar with the Pershing Square head, it will come as no surprise that he has long harbored megalomaniac tendencies. For everyone else, […]

Low Volatility Could Be a Safety Net

The CBOE Volatility Index (VIX) has been well below its long-term average (of around 20), according to a recent article in Barron’s, which suggests that this might not necessarily be a bad thing for the stock market. The article says that, given the world’s current state of chaos, we might expect volatility to be higher. […]

Canada: Monetary and Fiscal Updates This Week

Many observers saw Canada as one of the canaries in the coal mine, warning that the divergence theme was over.  The Bank of Canada did hike rates twice in Q3.  The Federal Reserve did not hike at all.  Isn’t that the definition of convergence? Yes and no.  The Bank of Canada’s rate hikes were not […]

GE Is Crashing… Again

After Friday's farcical face-ripping ramp back to recent highs (from a 10% plunge pre-market) after dismal earnings and outlook, it appears 'investors' took the weekend to actually read the report and transcripts… Someone turn the bloody machines back on!! Bloomberg reports that General Electric’s weak third-quarter results and outlook prompted multiple rating downgrades on Monday, […]

The Sqeeze Is On

Has anyone besides me wondered what happened to the documented accusations about Ray Dalio and his Bridgewater fund management operation?  The allegations were out there and it was big news for about a day.  I would appear to have been quickly covered-up and the media has been given a “leave it alone” warning. It’s been […]

The War On Savers Hits A New, Disturbing Level…

This post The War On Savers Hits A New, Disturbing Level… appeared first on Daily Reckoning. Last week, I received a message from my colleague and fellow Daily Edge contributor Davis Ruzicka that nearly made me spit out my coffee. Here it is: The link was to a news story reporting that Congress is considering […]

Common Commodity Misconceptions

Commodities are the most basic economic goods, providing essential inputs into progressively more complex goods at advanced stages of production. Yet the economic mainstream generally fails to understand commodities, treating them as distinct from the processes whereby they are created and the processes they subsequently enable, when in fact they are an integral part of […]

MARKETS… WE GOT TROUBLE: Debt & Brain-Dead Retail Investors Prop Up Stocks

As the Dow Jones Index hits another all-time high today, smart money is rushing to the exits. You see, smart money knows when something is too good to be true. Unfortunately for the retail investor who is suffering from acute BRAIN DAMAGE, they are doing quite the opposite. As institutions sellout on each new market […]