Gold Silver Reports – Gold Bugs Get Their Own Gold Card, Literally – Consumers are spoiled for choice when it comes to choosing the right alternative commodity-linked currency to pay for their groceries.First we got the Bitcoin Visa card, the perfect gift for those who want an easy way spend a cryptocurrency that has gained 800 percent this year on goods whose price is up a relatively mild 3 percent. Swipe the card and your bubbly Bitcoin is instantly converted to boring sterling.
money-market
European Stocks Flat as Dollar Extends Decline
Gold Silver Reports – European stocks erased early losses to close little changed as positive economic data in the region offset negative sentiment following a slump in Chinese equities. The dollar extended a retreat sparked by Wednesday’s more dovish than expected Federal Reserve minutes.
Bitcoin heads for $10,000 as Cryptocurrency Mania intensifies
Gold Silver Reports – Bitcoin is showing no signs of slowing down, blowing past $9,000 less than a week after topping $8,000 and now quickly closing in on five big figures.
This Gold Fund Is Joining the Bitcoin Frenzy
Gold Silver Reports – The Old Mutual Gold & Silver Fund, which manages $220 million of mostly precious metal equities, is jumping on the bitcoin wagon.
Company Earnings Estimates Continue to be cut after September Quarter Results
Gold Silver Reports – Company Earnings Estimates Continue to be cut after September Quarter Results – Corporate earnings for the September quarter were largely a mixed bag. Among key sectors, consumer-focused companies were aided by restocking post goods and services tax (GST) roll out and an early festival season, but index heavy-weight banks lagged, impacted by higher-than-expected provisioning.
Yellen Says She’ll Leave Fed Once Powell Is Sworn In as Chairman
Gold Silver Reports – Federal Reserve Chair Janet Yellen said she will step down from its Board of Governors once her successor is sworn into the office, widening the scope for President Donald Trump to shape the U.S. central bank’s leadership for years to come.
Bitcoin Soars Past $8,000
Gold Silver Reports – Bitcoin rose as much as 7.7 percent to a record $8,290 as of 2:47 p.m. in New York. It’s been a tumultuous year for the virtual currency, with three separate slumps of more than 25 percent all giving way to subsequent rallies.
Bitcoin Emerges as Crisis Currency
Gold Silver Reports – Bitcoin Emerges as Crisis Currency – About a third of the customers queuing at La Maison du Bitcoin’s teller windows in Paris aren’t speculating on the value of the cryptocurrency.
World’s First Bitcoin Short Notes Allow Bears to Ride Big Swings
Gold Silver Reports – Bitcoin bears now have another way to bet on price falls. Swiss structured products houses Vontobel AG and Leonteq Securities AG started separate products on Friday that allow investors to profit if the price of bitcoin tumbles. Not that it has tumbled much lately. Bitcoin is trading at a record high and has soared more than 700% this year.
How Fund Managers Manage the Bull Run
Gold Silver Reports – How Fund Managers Manage the Bull Run – In the first week of December 2017, L&T Emerging Businesses Fund would most likely stop accepting inflows in excess of Rs2 lakh a day.