Those who think that after the Bitcrash the crypto-currency is headed for zero are as mistaken as those who thought it could continue its meteoric ascent forever. The stunning run over the past few months was a bubble, few can deny now. That bubble has probably popped, and as I said in Part 1 yesterday, that would be a good thing for the currency itself.…

As reported via Bloomberg:

Euro-area finance ministers agreed to an unprecedented tax on Cypriot bank deposits as officials unveiled a 10 billion-euro ($13 billion) rescue plan for the country, the fifth since Europe’s debt crisis broke out in 2009.

Cyprus will impose a levy of 6.75 percent on deposits of less than 100,000 euros — the ceiling for European Union account insurance — and 9.9 percent above that.”

Intrade, the Irish based  online trading exchange website has ceased trading with immediate effect. Visitors to Intrade.com are greeted with the following:…

The precious metals have been in a 2-year trading range. Though gold rose 10.2% in 2011 and 7.0% in 2012, these rates are below the 16.8% average annual appreciationgold has achieved over the past twelve years.

Importantly, by being in a trading range, it is clear that the precious metals have refused to break lower despite repeated attempts by the gold cartel that occasionally gave the precious metals a severe pummeling.…

Back in 2004 I made the mistake of subscribing to Bob Czeschin’s Oil and Gas Report and basically received around 4 newsletters and 250 email spams, postal mailings and attempted upsells before they stopped sending me my newsletters about a year before my “2 year subscription” was up. I wrote an review about it over on an old website I used to run called anarcho-capitalist.com.…