Archives for February 2017

February 2017 - Page 21 of 23 - Money Morning - Only the News You Can Profit From

This Is 2017's Richest Contrarian Play

I'm a dyed-in-the-wool contrarian, but I admit putting your hard-earned money in a hated investment that's been falling for months – or even years – is easier said than done. It's a tough, counterintuitive step to take.

And yet, when it comes to nearly anything else, who among us can resist browsing the "sale" section for the best deal, or waiting to get a "Black Friday" discount?

The truth is, investing isn't different.

Contrarian investing is the purest expression of the "buy low, sell high" paradigm. It can net those brave enough to be "first in" some outsized long-term profits.

That's why I'm excited to show you an asset that couldn't be more hated right now; after a years-long struggle, it's at the "point of maximum disdain."

And that should be your first clue that the profits here could be huge...

The First Bitcoin ETF Could Win Approval in March Despite Long Odds

The SEC has plenty of reasons not to approve the first Bitcoin ETF by next month's deadline. But there's a good chance the agency will surprise everyone and make the first Bitcoin ETF a reality.

Most analysts believe the SEC will turn down the three active bids to become the first Bitcoin ETF, which includes the Winklevoss Bitcoin Trust.

But they're overlooking several factors that could sway the SEC to give a Bitcoin ETF the green light...

World Stock Markets Weaker, Gold Up, As Trump Still Making Waves

(Kitco News) – World stock markets were mostly weaker Thursday, on corrective pullbacks from recent gains that put many stock indexes at record, multi-year or multi-month highs. U.S. stock indexes are pointed toward weaker openings when the New York day session begins.

The marketplace is buzzing about a reportedly contentious conversation between U.S. President Donald Trump and Australian Prime Minister Malcom Turnbull, regarding refugees in Australia that were to be headed for the U.S. The uncertainty regarding the new U.S. president and his administration are being blamed by some for jittery world stock markets the past couple weeks.

Gold prices are solidly higher and hit a 2.5-month high Thursday amid the recent weakness in the U.S. dollar index and on some safe-haven demand