Friday , 10 January 2025

Lorimer Wilson

Noonan: These Are the Facts About the Current Price Movement In Gold & Silver (+2K Views)

We are starting to see some subtle changes in market behavior but the trend currently remains down for both gold and silver. For those who want to grow their capital, the best time to make a market commitment is with the trend and given how no one knows how the market will correct, it is best to wait and see first what the market reveals. Below are some daily and weekly charts on gold & silver charts to show you how things are developing.

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Bitcoin Is Not the Future of Money – It’s Just Wild Speculation! Here’s Why (+2K Views)

All the hype surrounding Bitcoin is a dead giveaway that you should be suspicious. Forget all the economic arguments against the currency, though. The biggest risk is a technological one. Add in the neck-snapping volatility, and you’re telling me this is the future of money? Keep dreaming! It’s little more than a wild speculation. One with a fatal flaw, at that, so please, whatever you do, refrain from converting your life savings – or any meaningful amount of money – into Bitcoins. At least until you read this article.

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Possible Mega Default In China On Jan.31 Could Be Next “Lehman Brothers” Moment – Here’s Why (+2K Views)

Did you know that financial institutions all over the world are warning that we could see a mega default on a very prominent high-yield investment product in China on January 31st? We are being told that this could lead to a cascading collapse of the shadow banking system in China which could potentially result in sky-high interest rates and a precipitous plunge in credit. It could be a Lehman Brothers moment for Asia and, since much of that "hot money" has flowed into stocks, bonds and real estate in the United States, that would be very bad news for the U.S. as well. [Let me explain.]

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Argentina In Advanced Stage of Yet Another Financial Panic/Meltdown (2K Views)

With international reserves in virtual free-fall, the black market peso rate plunging, and no sign for months that President Kirchner has any appreciation at all of the gravity of the situation, the country is in the advanced stages of another financial panic/meltdown. This will end badly, another chapter in the long history of Argentine financial crises extending back almost 100 years.

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