Market Reaction to the Flynn News… US Markets, Gold and Bitcoin
Doc is with me today to discuss his thoughts on the Michael Flynn news admitting he lied to the FBI. This news is also moving the equity markets and USD down and gold is up but not nearly as much as Bitcoin.
Click download link to listen on this device: Download Show
Tesla loses EV subsidies in Germany after being accused of gaming the system
Fred Lambert – Dec. 1st 2017
https://electrek.co/2017/12/01/tesla-loses-ev-subsidy-germany-accused-gaming-system/
(KAI.AX) (MPJFF) Kairos’s #Lithium project.
“Kairos’ Mt York Lithium-Gold Project is located on and in the vicinity of an extensive lithium-tantalum bearing pegmatite dyke swarm. Peer activity in the immediate area, commonly described as the Pilgangoora region, includes Pilbara Minerals (ASX Code: PLS) and Altura Mining (ASX Code: AJM), which have both discovered globally significant lithium and tantalum resources in recent times.”
Of course the main interest in Kairos is due to their Pilbara Gold projects:
Nice drill hits just released on Nov 30th:
Kairos also has a new drill program at Roe Hills:
Factbox: Things you might not know about bubbly Bitcoin
Reuters – Jemima Kelly – November 29, 2017
https://finance.yahoo.com/news/factbox-things-might-not-know-bubbly-bitcoin-003016265–sector.html
Coinbase Loses Court Case Vs IRS: Must Hand Over User Info By Rakesh Sharma | November 30, 2017
U.S. regulator says it will allow CME Group, CBOE to list bitcoin futures
Reuters – December 1, 2017
https://finance.yahoo.com/news/u-regulator-says-allow-cme-130000292.html
WHITE HOUSE: Cryptocurrencies are ‘being monitored by our team’
Business Insider – November 30, 2017
https://finance.yahoo.com/news/white-house-cryptocurrencies-apos-being-205500530.html
Bitcoin isn’t a currency or even a cryptocurrency, says France’s central bank governor
The Independent – Leigh Thomas – December 1, 2017
“Bitcoin is a speculative asset and people who invest in it do so at their own risk, the Bank of France Governor Francois Villeroy de Galhau warned on Friday after recent volatile trading.”
“We need to be clear: bitcoin is in no way a currency, or even a cryptocurrency,” Villeroy said in remarks made at a conference in Beijing, according to the Bank of France.”
“It is a speculative asset. Its value and extreme volatility have no economic basis, and they are nobody’s responsibility. The Bank of France reminds those investing in bitcoin that they do so entirely at their own risk,” he added.
“Bitcoin hovered around $9,600 in volatile trade on Friday, after tumbling about 15 per cent from an all-time high hit this week as some money managers warned ominously of a bubble and further falls.”
https://finance.yahoo.com/news/bitcoin-isn-apos-t-currency-082100286.html
In no way a currency.
You would think a central bank governor would know what a currency is.
Reminds me again of Rickards when he said central banks dont really know what they are doing.
Central Banks are all crazy………….and thieves
and Central Bankers……too……… 🙂
To the moon with Crypto Wars — Issue No. 4
Your dose of crypto news and analysis from @BTO and @Goldfinger
“Are we at the moon now? At the beginning of November, Bitcoin had just recently crossed the US$6,000 mark for the first time. Its price then surged by more than 60% to surpass US$10,000 for the first time ever this past week — a psychological price barrier if anything — and even shot above US$11,000 briefly on Wednesday before retreating. After hitting those highs, it “crashed” — oh no! — to US$9,300 or so, a level that it had just hit for the first time ever on Sunday. So… hardly a crash. The leading crypto is now trading around US$10,900 and has been solidly above US$10,000 for most of the day today, with traders and hodlers likely emboldened by news that Bitcoin futures have received regulatory approval.”
“Visual Capitalist put out a nice infographic to show us how we got here:”
You know it is hot……….when the searches on bitcoin outnumber the Trump searches….. 🙂
Funny roller coaster to the moon………………
“You would think a central bank governor would know what a currency is.”
But you wouldn’t expect them to be honest about it!! Maybe not even to themselves.
haha! Great point GH. Never trust the banksters…..
And this may well cause the demise of the COMEX.
that is what they say………..
Keiser has said from the point he got involved, bitcoin $3, that it would bring down the banking cabal.
Comex is part of it.
There just might be alot of people underestimating bitcoin.
I think there is a lot more to the story……than just a tulip bulb mania……..
nice chart………. 🙂
Explaining the Insane Volatility of Bitcoin
by @currencyfrontier on November 30, 2017
https://ceo.ca/@currencyfrontier/explaining-the-insane-volatility-of-bitcoin
Rickards has been saying as much for a long time now.
There are no secrets with bitcoin, but I dont know if that really matters.
Just pay your taxes on profits, whats the big deal?
Anyone notice the banks promoting their instant no fee transaction apps?
Kinda funny, bitcoin was the focus of a “Big Bang” episode I watched last night.
Does that mark a top? or does that tell every millennial tv brainwashed westerner to buy bitcoin? They sure pointed out bitcoin is valuable.
One thing for sure, that will ensure that everybody knows about bitcoin now.
An interesting observation.
Silver is CHEAP………..GSR……77 to 1
Dang close to the birthday boy’s age………….
https://www.youtube.com/watch?v=zo6RopWuBlU
Bitcoin discussion
Never trust a guy in a bow tie……… 🙂
I like I said………… 🙂
Orville was from Indiana…… 🙂
Jim Grant wears bow ties. I trust him.
+1
Last time I wore a bow tie was in the 3 rd. grade……..
I think Owl, would look good in a bow tie………..
+1 Big Owl could pull it off. Very dapper.
The 3rd grade!! That is hilarious. Cracked me up.. good for you
I have quite a collection of bow ties, many inherited from my lawyer dad who taught me how to tie them. But I seldom wear ties as I usually wear aloha shirts and shorts. Life is too short to wear suits and ties.
See above.
Sorry that was Jim Rogers.
Here ya go.
https://dailyreckoning.com/wp-content/uploads/2014/08/Jim-Grant.png
Orville, or Rogers………. both look a little dorky….. 🙂
Does Jim Grant look less dorky?
I think Jim shops at Ben Silvers…….in Charleston, SC………, check the glasses and the tie combo………. 🙂
Here ya go….. a hipster in a bow tie. Is this better?
New wave………. NY style……….
That really gives a bow tie class……… 🙂
Gotta go before I get Owl ticked……
speaking of class, there’s a new wave of ladies wearing bowties on college campuses:
https://i.pinimg.com/236x/78/31/41/78314102952072dbb6f482fc97f1325f–new-years-outfit-cute-bows.jpg
Even the librarians are wearing bowties. Ladies can pull of the look better than dorky guys.
https://i.pinimg.com/736x/05/20/0e/05200ec86a41194ee4154c7a7510f548–women-bow-tie-black-girls.jpg
Battle of the Bowties – Part 1
Jim Rogers – Financial Crisis – Market Crash 2018 Possible
Daily Voice News – Nov 28, 2017
Battle of the Bowties – Part 2
Jim Grant Stocks, Taxes, Trump, Fed, Yellen, Monetary Policy
Nov 25, 2017
Battle of the Bowties – Part 3
1985 Orville Redenbacher Pop Corn Commercial
🙂
><
TAX bill and the 3 stooges…….
http://www.zerohedge.com/news/2017-12-01/complete-idiots-guide-being-idiot
Ron Paul on Bitcoin:
good overall comments………from Ron………jmo
Tax bill sucks no matter the party.
ditto…….agree
WASHINGTON (AP) — The Latest on the GOP tax bill (all times local):
4:15 p.m.
Senate Republicans are steamed toward passage of a $1.4 trillion tax bill, overcoming eleventh-hour hitches in their drive to deliver a major legislative accomplishment to President Donald Trump by Christmas.
Senate Majority Leader Mitch McConnell says Republicans “have the votes.”
One prior holdout, Jeff Flake of Arizona, announced he would support the bill. Another, Susan Collins of-Maine, said on Twitter she was “delighted” she’d won an agreement from leaders to add a $10,000 deduction for local property taxes and was considered all but certain to back the measure.
With the party controlling the Senate 52-48 and Democrats uniformly opposed, Republicans need 50 votes to win approval for the bill. Vice President Mike Pence would break a tie.
Doc, who do you like, Buckeyes or Badgers, Auburn or Georgia, Sooners or Froggies, Stanford or USC?
And Hoosiers or Michigan in basketball?
Indiana has been in the crapper ever since Knight departed…..
BTW……Kelly School of Bus….wants your donation…….. 🙂
I did not attend the Kelly Business School. I prefer the Kinsey Sex Institute, the Folklore Institute, and the Friends of Eigenmann Hall.
Ok, ………just triple the donation and send it to Doc……..
BB,I’ll take the buckeyes, Georgia, Sooners, and USC. I’m not a “homer” but I pick Michigan since they’re playing at home and Indiana spent themselves against Duke and Michigan was punched in the mouth by North Carolina. They are not happy campers right now and should come into the game with motivation.
Thanks, Doc. Too bad I don’t have a bookie. I gamble on gold stocks.
Now for something completely different:
Watch and learn something:
Most people will happily remain in the dark when it comes to the pyramids. Common sense is not that common.
Agreed Matthew. I have had some of Christopher Dunns book & research pieces for 2 decades now on ancient machining tools and his “Giza Power Plant”.
He is part of the whole Graham Hancock, John Anthony West, Robert Bauval, Robert Schoch posse. Love it!
The fellow said the evidence is gone.
Secrets of the Lost Race: Rene Noorbergen
Thats just one author. names of others escape me at the moment.
Its not gone, we know exactly where, which museum,which floor,which room shelf and box.
For lots of it anyway.
People have been around alot longer than we are taught in sunday school.
See a few of the authors listed above. Graham Hancock has quite a bit of research on the previous cultures that we quite intelligent and then were dispersed and the knowledge was fragmented and lost over time. Michael Cremo’s Forbidden Archaelogy and Forbidden History are other thought-provoking research pieces that show how often academia squashes or sweeps under the rug any evidence that gets in the way of their linear narrative or that human culture is much older than 20,000- 40,000 years and actually goes back hundreds of thousands of years.
I hope that one day people see the evidence.
Once they do they might start to ponder the meaning.
Thanks CFS. That video was right in my wheelhouse of interest. The younger host was repackaging a lot of Jordan Maxwell and Zecharia Sitchin and Christopher Dunn and David Hatcher Childress research. Nice!
Four charts show why cobalt supply is tightening
McKinsey Quarterly | about 20 hours ago
http://www.mining.com/web/three-charts-explain-cobalt-supplies-tightening/