Articles related to record
 
George F. Smith - Barbarous Relic
AlphaZero for President
From KurzweilAI: Demis Hassabis, the founder and CEO of DeepMind, announced at the Neural Information Processing Systems conference (NIPS 2017) last week that DeepMind's new AlphaZero program achieved a superhuman level of play in chess within 24 hours.  The program started from random play, given no domain knowledge except the game rules, according to an arXiv paper by DeepMind researchers published Dec. 5.  “It doesn't play like a human, and it doesn't play like a program,” said Hassabis, a
Friday, December 15, 2017
Rory Hall - The Daily coin
We Are Long Silver and Long Gold
We are long physical silver and long physical gold – we are not “short” anything except cryptocurrencies. Why are we “short” cryptocurrencies? We don’t own any. Oh, that’s right, no one “owns” any, as they are nothing more than an illusion on a computer screen. We will never again be “short” any metal. We don’t gamble when it comes to precious metals – we take possession and move on. Nothing to do with the COMEX or LBMA or any trading desk. Keep it simple – local coin dealer or online acquisitio
Friday, December 15, 2017
Perth Mint Blog - Perth Mint Blog.
Gold versus cryptocurrencies such as bitcoin? Experts have their say
The explosive spike in the price of bitcoin has put the leading cryptocurrency front and centre in the minds of alternative asset investors.   It’s led to some commentators concluding that the digital asset is replacing gold as a hedge against inflation and as insurance in the event of disaster. While opinions expressed about the future of bitcoin and rival cryptocurrencies remain mixed, some key leaders in the finance industry believe cryptocurrencies are expanding the market rather than pinch
Thursday, December 14, 2017
Bullion Vault
Fed Rate Rise Sees Gold Price Jump $10 as UK and ECB Hold Despite Rising Inflation
GOLD PRICES rose further in London trade Thursday, gaining $20 per ounce from this week's 5-month lows after the US Federal Reserve raised its key interest rate as expected. After UK inflation came in at a 6-year high of 3.1%, the Bank of England today voted unanimously to hold its key interest rate at a near record-low of 0.5%. With annual inflation in Germany reaching 1.8% in its
Thursday, December 14, 2017
Perth Mint Blog - Perth Mint Blog.
Why gold has a role in every portfolio
Some investors are averse to gold because, as Warren Buffett argues, it is an unproductive asset. Whereas equities and property can be useful and provide a return, gold “doesn’t do anything but sit there” and consequently has little inherent value, from Buffett’s point of view. The World Gold Council, however, says investment demand for gold exceeded 1,500 tonnes in 2016. As well as being the second-best year on record for inflows to gold exchange-traded funds (ETFs), sales of coins and bars als
Wednesday, December 13, 2017
Andy Hoffman - Miles Franklin
Is A December Rate Hike Fait Accompli?
The Federal Reserve is holding another policy meeting this week and financial markets are pricing in that a 25 basis point rate hike is almost guaranteed. Yet given recent Fed commentary, it seems like the move is hardly fait accompli. That a rate hike would be a favored probability is reasonable enough. However given the Fed’s track record, as well as recent comments by Janet Yellen and John Williams, there is some question as to whether the rate hike is really a done deal. In November Yellen m
Wednesday, December 13, 2017
Thorsten Polleit
Asset Prices Are Prices Too
We live in inflationary times. Some people might consider this statement controversial. This is because these days inflation is widely understood as a rise in the consumer price index (CPI) of more than 2 percent per year. However, there are convincing reasons to question this viewpoint. On the one hand, the CPI does not include “assets” such as, for instance, stocks, housing, real estate, etc. As a result, the price developments of these goods are not accounted for by the changes in the CPI.On
Wednesday, December 13, 2017
Steve St Angelo - SRSRocco Report
CPM Group’s Jeff Christian Responds “NEGATIVELY” To The SRSrocco Report On Silver Investment Demand
The debate continues between the SRSrocco Report and CPM Group’s Jeff Christian on the fundamentals of the silver market.  After my article, in which I questioned the CPM Group’s exclusion of silver investment demand from their supply and demand analysis, Jeff Christian responded with a comment on my website.  I am glad that Mr. Christian responded because it now allows me the opportunity to explain in more detail why I disagree with the CPM Group’s analysis.As I have mentioned before, this has
Tuesday, December 12, 2017
Bullion Vault
Spot Gold Halves Post-2014 Recovery vs. Euro Ahead of Fed, ECB, BoE Decisions as Middle East Tensions Worsen
SPOT GOLD prices failed to hold a 0.4% overnight rally from new 5-month lows in London on Tuesday, slipping back as world stock markets rose again ahead of tomorrow's key US Fed decision on Dollar interest rates amid worsening tensions in the Middle East. Edging back towards $1241 per ounce today, the price of gold bullion for immediate delivery has now halved the 16% gains for 2017 reached at early September's 12-month peak.
Tuesday, December 12, 2017
Mish - Global Economic Analysis
  Six Ways US Stocks Most Overvalued in History
US large cap stocks are the most overvalued in history. Let's investigate six ways.Crescat Capital claims US large cap stocks are the most overvalued in history, higher than prior speculative mania market peaks in 1929 and 2000. Their 25-page presentation makes a compelling case, with numerous charts. It's worth your time to download and investigate the report. Six Ways Socks Most Overvalued in History Price to Sales Price to Book Enterprise Value to Sales Enterprise Value to EBITDA Price to E
Monday, December 11, 2017
Chris Powell - GATA
Reuters mentions 'central bank manipulation'
* * * Bitcoin Flirts with $16,000, Alarm Bells Ring Louder By Jemima Kelly and Gertrude Chavez-Dreyfuss Reuters Thursday, December 7, 2017 Bitcoin rocketed to a lifetime high just shy of $16,000 today after climbing some 60 percent over one week, intensifying the debate about whether the cryptocurrency is in a bubble about to burst. The largest U.S. cryptocurrency exchange struggled to keep up with record traffic as the price surged, with an upcoming launch of the first bitcoin futures contract
Sunday, December 10, 2017
Phoenix Capital - Gains Pains & Capital
People Are Plowing Millions Into ‘CryptoKitties’ And Breeding Them
Content originally published at iBankCoin.com It was bound to happen... Cat people have hopped on the digital currency bandwagon and collectively plowed over $6.7 million into 'CryptoKitties' - an Ethereum-based virtual cat described as "breedable Beanie Babies," which have sold for upwards of $114,000. Each. The median price of CryptoKitties is $25.04. DIGITAL CAT BREEDING SCHEME "CryptoKitties players buy and sell unique digital kittens using ethereum. With two kittens, players can then breed
Sunday, December 10, 2017
Adrian Ash - Bullion Vault
Gold's 1975 Warning on Bitcoin Futures
If Bitcoin really is like gold, watch out...! NEW YEAR's DAY 1975 marked a huge turn in the gold market, writes Adrian Ash at BullionVault. Forty years after banning it, the US government at last let private citizens own bullion.  Coin shops and banks knew how big this was. So they raced to stock up as 1974 ended. 
Friday, December 8, 2017
Adam Hamilton - Zealllc
Bitcoin Mania Parabolic
Bitcoin’s meteoric skyrocketing this year has been astonishing, captivating traders across the globe.  This once-obscure cryptocurrency has exploded into the world’s hottest market.  With fortunes being won on paper, everyone is talking about bitcoin.  But with its price shooting parabolic, unfortunately this wild ride has all the hallmarks of a classic popular speculative mania.  And those all end badly, totally collapsing. In the annals of financial-market histor
Friday, December 8, 2017
Mish - Global Economic Analysis
An Italian Regulator's Risk-Sharing Plan to "Cure the Eurozone"
Marcello Minenna, a division head at the Italian securities regulator, emailed his plan to "Cure the Eurozone".Marcello Minenna, the head of Quantitative Analysis and Financial Innovation at Consob, the Italian securities regulator, pinged me recently with his plan to save the Eurozone. The plan requires debt guarantees with a catch: The catch is the guarantees have a price: The riskiest countries have to pony up the most for debt insurance. His thoughts are in a downloadable PDF on Curing the
Friday, December 8, 2017
James Howard Kunstler
Stranger Things 
The hidden agenda in the so-called tax reform bill is to act as stop-gap quantitative easing to plug the “liquidity” hole that is opening up as the Federal Reserve (America’s central bank) makes a few gestures to winding down its balance sheet and “normalizing” interest rates. Thus, the aim of the tax bill is to prop up capital markets, and the apprehension of this lately is what keeps stocks making daily record highs. Okay, sorry, a lot to unpack there. Primer: quantitative easing (QE) is a the
Friday, December 8, 2017
Rick Ackerman
Would You Trade Bitcoin for Gold?
The bottle-rocket trajectory of bitcoin’s rally has required me to put out increasingly ambitious Hidden Pivot targets several times each day. Currently I am using 18436 to project a top of some sort, although I hesitate to suggest it will be THE top. Actually, I’d be happy merely to see BTC pull back from that number for more than a few hours — as long as it has taken for this vehicle to obliterate Hidden Pivot resistances that we might have expected to contain the jubilation for a few days if
Friday, December 8, 2017
Steve St Angelo - SRSRocco Report
THE DISINFORMATION WAR: The Attempt To Disregard Silver Investor Demand In The Market
There is a Disinformation War taking place in the silver market as certain industry analysis is confusing individuals by purposely disregarding the tremendous impact of rising investment demand.  Not only do I find this troubling, but I am also quite surprised how much the silver industry pays attention to this faulty analysis.  So, it’s time once again to set the record straight.Setting the record straight has now become a new mission for me at the SRSrocco Report because the amount of disinfor
Friday, December 8, 2017
Bullion Vault
Gold Prices Drop Thru' 2017 Uptrend, Bitcoin +1456 as 'Unseen' China Risks Build
GOLD PRICES cut this year's gain below 9% for US Dollar investors in London trade Thursday morning, dropping to new 4-month lows beneath $1255 per ounce as crypto-currency Bitcoin surged past $15,000 for a 2017 gain of 1,456%. Commodities today slipped overall after Wall Street stock markets closed lower overnight for the fourth session running from last week's new record highs. Copper steadied
Thursday, December 7, 2017
Phoenix Capital - Gains Pains & Capital
From Millions to Dead URLS - - 2017 versus 1999
From the Slope of Hope blog: On my crowded bookshelf of history texts is one book called Dot Con, which recounts the build-up to, and the bursting of, the Internet bubble. I hadn't read this book in many years, but I pulled it from the shelf yesterday to thumb through it, since we seem to be living in identical times right now (although with a far more pervasive and much, much bigger, bubble). Here's one quote I typed in for your reading pleasure. You're welcome. "All speculative bubbles go thro
Wednesday, December 6, 2017
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