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DrBubb's Diary - Dec. 2017 Trading - v.107


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TOP of Page Header ... : Channel-GE : MP : PP : Charts : Acore : Fringe :

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3d : ag : au : 10d-Gvs.UK :

Bitcoin : The uptrend continues as money flees China, & the world discovers Cryptos
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Charts: Bitcoins LIVE : BTC:12-mos : 5-mos : 6-mos : 10d : Ticks : BtcWisdom : BTC24hr : Eur : PB : img :

chart.png?m=bitstampUSD&v=1&t=S&noheader

BTS - Frozen / Bitcoins, on Bitstamps ; 10-Days: 6-mo : 12-mo : 24-mo : 32-Mo : 8yr :

BTC - 10d : $16,760 / 1242 (13.49x Gold)

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Take a look at "A World of Pure Imagination" ... if you are not too scared

On 11/28/2017 at 2:42 AM, Erewhon888 said:

A World of Pure Imagination

 

"My question in my Vancouver presentation last week:

If we all KNOW 100% 2000 & 2008 were gigantic bubbles then how do you argue THIS?"

> Grant Williams : https://twitter.com/ttmygh/status/892814446241951750

 

DGPpzPQWsAY0nWT.jpg

I'm surprised that Grant Wiliams' recent presentation has attracted so little comment (except for some disparaging remarks on reddit)

https://stansberrystreaming.com/presentations/grant-williams.html

I would have thought the general message of "bubble" would have generated some viewpoints.

 

> thread: http://www.greenenergyinvestors.com/index.php?showtopic=21766

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JoMoSo updated ... all

 

Key Top MarketCap stocks: Johnson&Johnson, JP Morgan Chase, microSoft

 

zYtkdZV.gif

 

> http://www.greenenergyinvestors.com/index.php?showtopic=21408

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Silver may be very near an important Low

 

SLV / Silver etf ... update

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In edit - update : Looks like SLV could break $15 now

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SIL

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GDXJ

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INVESTIGATE! Time to go after Real crimes & stop the Russia & Mueller charade

 

Utter nonsense that Flynn pleads guilty to "lying to the FBI", when he appears to have been set-up by them.

Flynn's mis-statement seems to have hidden a possible Logan act violation, which may not even be a crime

 

Meantime, Hillary lied under oath,

Members of the Obama administration also lied - TO COVER UP SERIOUS CRIMES

And thse people all walk free

 

Justice is NOT being served - as Stefan points out here

 

Shocking Trump/Russia Investigation Corruption Exposed | True News

 

Comments

Think about it... Hillary and her team LIED TO HIDE serious crimes!

By contrast, Flynn was caught making a mis-statement to the FBI who entrapped him, apparently, in relation to a possible Logan act infringement, which is probably not a crime. We need to get a FOCUS ON CRIMINALS, not on Hillary's political opponents

 

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It's great that The Deep State's attempted coup against Trump has (thus far) failed... BUT, given all the serious crimes that The Left has been caught red-handed involved in, and the complete lack of legal repercussions that have resulted, I'm losing faith in our ability to mend the American justice OR political systems :/

==

> thread: http://www.greenenergyinvestors.com/index.php?showtopic=21783

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Netflix, the big big winner may be getting tired

 

JoMoSo updated ... all

 

Key Top MarketCap stocks: Johnson&Johnson, JP Morgan Chase, microSoft

 

zYtkdZV.gif

 

> http://www.greenenergyinvestors.com/index.php?showtopic=21408

 

Symbol : $-Last : (12 mos Range)
Jo : JNJ : 139.67 : (109.32-144.35)
Mo: JPM : 105.72 : ($81.64-108.40)
So : Msft : $81.59 : ($59.80-$86.20)
SP-500 : 2629.6 : (2,202 - 2,665)

======

01: 264.46 -0.55 148.M: 11.43 : 22.49 +0.02 : 121.59 +0.49 12.9M: 1282.3 $58.36 : $92.89 - 0.08 : 126.55 +1.43/ 14, 014 : 040, 0040 :
04: 264.14 -0.32 83.4M: 11.68 : 22.20x-0.07 : 121.18 - 0.41 6.52M: 1277.7 $57.47 : $93.06 +0.17 : 126.61 +0.06/ 00, 022 : 000, 0140 :
05: 263.19 -0.95 72.9M: 11.33 : 21.97 - 0.23 : 120.32 - 0.86 9.92M: 1264.9 $57.62 : $93.26 +0.20 : 127.24 +0.63/ 07, 029 : 051, 0191 :

===

 

Tony C's Comment - Uptrend ending?

The market opened flat today, tried to rally, then rolled over heading lower, led by the DOW. Yesterday, as noted, the DOW resisted the decline. Today it led. We still count five waves up from Minute iv at SPX 2557: 2590-2578-2658-2606-2665. And now this 37-point decline. With this uptrend ongoing since April, we have seen these types of declines before, that ended up being just pullbacks. This one feels a bit different as the market is coming off extremely overbought levels, and three of the four FANG stocks are already in downtrends. If the DOW continues to lead/participate would think Intermediate wave iv is underway. Short term support is at SPX 2606 and the 2594 pivot, with resistance at the 2632 and 2646 pivots. Short term momentum ended the day oversold. Best to your trading!

MEDIUM TERM: uptrend topped?

LONG TERM : uptrend

CHARTS: https://stockcharts.com/public/1269446/tenpp

 

How are FANG stocks doing?

Facebook (FB), Amazon (AMZN), Netflix (NFLX), Google/Alphabet (GOOG)

Symbol-- : $-Last : (12 mos. Range)
SP-500 : 2629.6 : (2,202 - 2,665)
F : FB-- : 172.83 : (114.77-184.25)
A: AMZN : 1141.6 : (747.70-1213.4)
N: NFLX : 184.21 : (121.73-204.38)
G GOOG: 1005.1 : (755.80-1062.4)
========

FANG stocks - 5-years

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NFLX / Netflix ... all-data : 10-yr : 5-yr :

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TMF - is the 3X Bull etf for Treasury Bonds (TLT)

 

TMF / Direxion Daily 20+ Year Treasury Bull 3X Shares (... all-data : : / TLT-all :

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The Hillary fan club is running the Witch-hunt

(while it also protects the witch, Hillary)

 

Jordan gets it... "Is this the same Peter Strzok who..."

 

"FBI is BIASED" Congressman ROASTS FBI director Christopher Wray on Russia collusion

 

"Tell us, what's Mueller hiding" Rep Jim Jordan angrily GRILLS FBI director Christopher Wray on Russia collusion scandal 12 7 2017

 

Jordan demands the FISA application - he wants to see if Strzok was involved in THAT too.

Is so, "that is as bad as it gets!"

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Right time? Right Price?

 

SLV is the etf for Silver

 

SLV ... update

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GOLD

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==

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How Max Keiser Gave Away 18 Million Dollars

 

Max gave away $18 million worth of Bitcoins to Russell Brand

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When I saw that Max Keiser story, I contacted an old friend (DF) in the UK,

to see if he was a Bitcoin millionaire yet, and got this response:

"

I should never have to work again. Unfortunately, my coins got stolen a long time back and I never bought back in to any significant degree
because I was applying junior mining discipline of not wanting to chase the market. More fool me!"
Meantime, was THIS the reason for the quick 15% drop in BTC:
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Breakout!

 

SPX -to-Gold has broken out - above 200% - Last 212%

 

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IWM ... update

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"A period of Self-destruction" of the MSM

"They are disqualifying themselves"

 

Another Massive CNN Fake News Failure! | True News

 

"You've been lied to"... about Free Markets, and more

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TOP of Page Header

 

t24_au_en_usoz_6.gif : idx24_russell_en_2.gif : idx24_hui_en_2.gif :

3d : ag : au

 

Bitcoin : The uptrend continues as money flees China:
=======
Charts: Bitcoins LIVE : BTC:12-mos : 5-mos : 6-mos : 10d : Ticks : BtcWisdom : BTC24hr : Eur : PB : img :

chart.png?m=bitstampUSD&v=1&t=S&noheader

BTS - Frozen / Bitcoins, on Bitstamps ; 10-Days: 6-mo : 12-mo : 24-mo : 32-Mo : 8yr :

BTC - 10d : $7413 / 1277 (580.5% of Gold)

====

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'Bitcoin crash' among 2018 worries for financial markets...

Fears of Manipulation, Hacks, Glitches...

 

The bull market continues rising, and the economy added a healthy 228,000 jobs last month, so what could possibly spoil the celebrations for consumers and investors in 2018?

A "Bitcoin crash," rising inflation, danger from North Korea and results from special counsel Robert Mueller's investigation of Russian meddling with the 2016 presidential election are among 30 risks for financial markets next year, Deutsche Bank says in a report on Friday.

The risks could boost market volatility and cause growth that is faster or slower than the German bank previously forecast, wrote Torsten Slok, the company's chief international economist.

As for the recent surges and drops in Bitcoin, "you wonder where prices will even be by the end of 2017," Slok said during an appearance on CNBC's Trading Nation broadcast.

Predicting that price swings of the cryptocurrency will remain an issue in 2018, Slok said questions about Bitcoin regulation, transparency and disclosure issues remain unanswered.

. . .

US BITCOIN FUTURES are beginning - like Sunday night, NY time

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CNN = Utter utter Fake in "humiliating Debacle"

 

GREENWALD: Media Suffers Most Humiliating Debacle in Ages...

 

Friday was one of the most embarrassing days for the U.S. media in quite a long time. The humiliation orgy was kicked off by CNN, with MSNBC and CBS close behind, with countless pundits, commentators and operatives joining the party throughout the day. By the end of the day, it was clear that several of the nation’s largest and most influential news outlets had spread an explosive but completely false news story to millions of people, while refusing to provide any explanation of how it happened.

The spectacle began on Friday morning at 11:00 am EST, when the Most Trusted Name in News™ spent 12 straight minutes on air flamboyantly hyping an exclusive bombshell report that seemed to prove that WikiLeaks, last September, had secretly offered the Trump campaign, even Donald Trump himself, special access to the DNC emails before they were published on the internet. As CNN sees the world, this would prove collusion between the Trump family and WikiLeaks and, more importantly, between Trump and Russia, since the U.S. intelligence community regards WikiLeaks as an “arm of Russian intelligence,” and therefore, so does the U.S. media.

This entire revelation was based on an email which CNN strongly implied it had exclusively obtained and had in its possession. The email was sent by someone named “Michael J. Erickson” – someone nobody had heard of previously and whom CNN could not identify – to Donald Trump, Jr., offering a decryption key and access to DNC emails that WikiLeaks had “uploaded.” The email was a smoking gun, in CNN’s extremely excited mind, because it was dated September 4 – ten days before WikiLeaks began promoting access to those emails online – and thus proved that the Trump family was being offered special, unique access to the DNC archive: likely by WikiLeaks and the Kremlin.

It’s impossible to convey with words what a spectacularly devastating scoop CNN believed it had, so it’s necessary to watch it for yourself to see the tone of excitement, breathlessness and gravity the network conveyed as they clearly believed they were delivering a near-fatal blow to the Trump/Russia collusion story:

 

Comment:

FAKE, fake, fake. Good God, the reporter struggles to complete each sentence. I reckon, it is because he does not like Lying Just looking at the two almost identical bald-guys was hysterical. "Former FBI" hahaha. I could not stop laughing,. The black color reporter said: "This is problematic." (a classic SJW catchphrase)

=======

 

There was just one small problem with this story: it was fundamentally false, in the most embarrassing way possible.

Hours after CNN broadcast its story – and then hyped it over and over and over – the Washington Post reported that CNN got the key fact of the story wrong.

The email was not dated September 4, as CNN claimed, but rather September 14 – which means it was sent after WikiLeaks had already published access to the DNC emails online. Thus, rather than offering some sort of special access to Trump, “Michael J. Erickson” was simply some random person from the public encouraging the Trump family to look at the publicly available DNC emails that WikiLeaks – as everyone by then already knew – had publicly promoted. In other words, the email was the exact opposite of what CNN presented it as being

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A NEW VERSION of Invision has been installed - Changes are bigger than I expected

 

It may take a while to get used to this - but it had to be done, because the OLD version was about to be lost

Old Top bar NAVIGATION

9b3pVAD.gifWYCfoZC.gif : eCambeb.gifvNgDG3Z.gif6qurDt2.gif11srHbD.gif

drB-Diary Blog : Goldstock : Links : Ag B E G H : Channel-GE : MP : PP : FBB : Charts : Advertise :

I will aim to restore the Old Navigation, as soon as I can.

I did not know I would lose it, and feel Lost without it

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UK House price article

Over the past 30 years real interest rates in the UK and other developed economies have been on a long-term downwards trend. This has supported the valuations of many assets, including house prices. With real interest rates predicted to rise gradually over the next decade or two, precisely the opposite (a ‘decapitalisation’, or a fall in real house prices) could happen and we believe real house prices could be 20% lower by 2030.

The recapitalisation effect
In the second half of the 1980s mortgage interest rates in real terms averaged over 7.5%. In contrast, in the five-year run-up to the global financial crisis they averaged less than half that, at 3.5%, and over the last five years they have halved again, averaging just 1.7%.

12A-Chart.png

The persistent decline in mortgage interest rates over the past 30 years has been one of the most powerful influences that helped contribute to the more than fivefold rise in nominal (and 2.5-fold rise in real) house prices over that period.

What is more interesting is that following the sizable fall in interest rates and rise in house prices, the repayment-to-income ratio is now exactly in line with its long-run average. This indicates that, when it comes to affordability, the fall in mortgage rates has been completely offset by an equivalent rise in house prices known as the ‘recapitalisation’ effect.

From recapitalisation to decapitalisation
Now imagine this process in reverse. How far do house prices have to fall by 2030 to keep the repayment-to-income ratio in line with its long-run average when interest rates rise?

To develop our framework, we made some assumptions:

  • Bank of England official nominal interest rates will rise linearly to 4% by 2030 (i.e., just over 25bp of hikes per year). This resting point for interest rates reflects a combination of long-term real GDP growth of 2% plus 2% inflation.
  • The spread of mortgage rates over Bank Rate will remain close to its current 230bp.
  • Average nominal household income will grow at 2.5% per year, rising to 0.75% y-o-y thereafter.

Based on these assumptions, if our aim was to keep the repayment-to-income ratio static at its current long-run average level of 23.5%, then nominal house prices would need to remain broadly unchanged each year between 2017 and 2030. That equates to an average 1.75% annual decline for each of those years. In level terms, nominal house prices would be unchanged relative to this year by 2030; in real terms that equates to a 20% decline over the period.

12A-Chart-2.png

In other words, just as lower interest rates were ‘recapitalised’ into higher house prices over the past few decades, a normalisation in interest rates could result in a ‘real term decapitalisation’ of the UK housing market over the coming years.

For more in depth information on our analysis including some of the potential pitfalls, read The ‘decapitalisation’ of UK housing

==

> http://www.nomuraconnects.com/focused-thinking-posts/will-uk-housing-continue-to-stand-tall-or-fall/?utm_campaign=BrandQ4~HK&SG&utm_source=Dianomi&utm_content=UKhousing:theriseandfall~UKhousing~&utm_medium=Agreedtitles

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turning the tables on a non-funny comedienne

C

HELSEA HANDLER'S SAVAGE ATTACKS FAI

 

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Bitcoin Futures Start With a Bang as 26% Rally Triggers Halts

BTS ... update

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On 12/10/2017 at 12:40 PM, drbubb said:

TOP of Page Header

 

t24_au_en_usoz_6.gif : idx24_russell_en_2.gif : idx24_hui_en_2.gif :

3d : ag : au

 

Bitcoin : The uptrend continues as money flees China:
=======
Charts: Bitcoins LIVE : BTC:12-mos : 5-mos : 6-mos : 10d : Ticks : BtcWisdom : BTC24hr : Eur : PB : img :

chart.png?m=bitstampUSD&v=1&t=S&noheader

BTS - Frozen / Bitcoins, on Bitstamps ; 10-Days: 6-mo : 12-mo : 24-mo : 32-Mo : 8yr :

BTC - 10d : $7413 / 1277 (580.5% of Gold)

====

Bitcoin has landed on Wall Street with a bang.

Futures on the world’s most popular cryptocurrency surged as much as 26 percent in their debut session on Cboe Global Markets Inc.’s exchange, triggering two temporary trading halts meant to cool volatility. Initial volumes exceeded dealers’ expectations, while traffic on Cboe’s website was so heavy that it caused delays and outages. The website’s problems had no impact on trading systems, Cboe said.

“It was pretty easy to trade,” Joe Van Hecke, managing partner at Chicago-based Grace Hall Trading LLC, said in a telephone interview from Charlotte, North Carolina. “I think you’ll see a robust market as time plays out.”

800x-1.png

The launch of futures on a regulated exchange is a watershed for bitcoin, whose surge this year has captivated everyone from mom-and-pop speculators to Wall Street trading firms. The Cboe contracts, to be followed soon by similar offerings from CME Group Inc. and Nasdaq Inc., should make it easier for mainstream investors to bet on the cryptocurrency’s rise or fall. Bitcoin wagers have until now been mostly limited to venues with little or no oversight, deterring institutional money managers and exposing some users to the risk of hacks and market breakdowns.

QuickTake: You Can Trade Bitcoin Futures. But Should You?

Proponents of regulated bitcoin derivatives say the contracts will increase market transparency and boost liquidity, but skeptics abound. JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon has called bitcoin a “fraud,” while China’s government has cracked down on cryptocurrency exchanges this year. The Futures Industry Association -- a group of major banks, brokers and traders -- said this month that contracts in the U.S. were rushed without enough consideration of the risks.

So far though, trading has kicked off without any major hiccups.

==

> https://www.bloomberg.com/news/articles/2017-12-10/bitcoin-futures-trading-opens-bringing-crypto-to-wall-street

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Breaking downtrend?

It looked like RRS could, but it has not yet

Di8xQeN.gif

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Pure Imagination: In a world dominated by fake News,

where you may go to prison for calling delusional people "fake women",

We have Fake Assets pulling in more & more investment

===

Bitcoin Officially Biggest Bubble In World History!

One month ago, a chart from Convoy Investments went viral for showing that among all of the world's most famous asset bubbles, bitcoin was only lagging the infamous 17th century "Tulip Mania."

bitcoin%20tulip%20mania%201_0.jpg

One month later, the price of bitcoin has exploded even higher, and so it is time to refresh where in the global bubble race bitcoin now stands, and also whether it has finally surpassed "Tulips."

Conveniently, overnight the former Bridgewater analysts Howard Wang and Robert Wu who make up Convoy, released the answer in the form of an updated version of their asset bubble chart. In the new commentary, Wang writes that the Bitcoin prices have again more than doubled since the last update, and "its price has now gone up over 17 times this year, 64 times over the last three years and superseded that of the Dutch Tulip’s climb over the same time frame."

That's right: as of this moment it is official that bitcoin is now the biggest bubble in history, having surpassed the Tulip Mania of 1634-1637.

bitcoin%20bubble%20biggest%20ever_0.jpg

And with that we can say that crypto pioneer Mike Novogratz was right once again when he said that "This is going to be the biggest bubble of our lifetimes." Which, of course, does not stop him from investing hundreds of millions in the space: when conceding that cryptos are the biggest bubble ever, "Novo" also said he expects bitcoin to hit $40,000 and ethereum to triple to $1,500.

"Bitcoin could be at $40,000 at the end of 2018. It easily could," Novogratz said Monday on CNBC's "Fast Money." "Ethereum, which I think just touched $500 or is getting close, could be triple where it is as well."

As for Wang, here are some additional observations:

I continue this topic and discuss a main driver of bubbles. When we see a dramatic rise in asset prices, there is often an internal struggle between the two types of investors within us. The first is the value investor, “is this investment getting too expensive?” The second is the momentum investor, “am I missing out on a trend?” I believe the balance of these two approaches, both within ourselves and across a market, ultimately determines the propensity for bubble-like behavior. When there is a new or rapidly evolving market, our conviction in the value investor can weaken and the momentum investor can take over. Other markets that structurally lack a basis for valuation are even more susceptible to momentum swings because the main indicator of future value is the market’s perception of recent value.

We will publish the balance of Wang's full note "What causes asset bubbles?" shortly, but for now we just wanted to experience a moment of true zen serenity, knowing that we now stand in proximity to an asset bubble the magnitude of which has never before been observed by humanity. Thanks central banks!

2/

People Mortgaging Homes To Buy Bitcoin...

According to reports, a number of investors looking to cash in on the soaring prices have resorted to putting their houses up as collateral to fund the venture.

“There definitely are some risks — it’s not a perfect technology,” Morningstar analyst Jim Sinegal said, via CBS Chicago. “If you have money in the bank, the bank is protecting your money. If you have money in bitcoins, it’s all your responsibility.”

=== ===

But...

What if the "protection" afforded by banks is Fake too??

 

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