Solid BitCoin Consolidation Finally Bears A BitCoin Breakout

Few assets are as volatile as BitCoins have been. Over the past 365 days they have ranged from about $0.05 to over $30. After a solid consolidation BitCoins have now broken out and the next upleg appears to have appeared with a 35% rise in the past 10 days.

BitCoin makes this . . . → Read More: Solid BitCoin Consolidation Finally Bears A BitCoin Breakout

ECONomics

This is what happens when you drop out of econ 101 halfway through:

When you make a few hundred dollars an hour, it costs you more to mow your own lawn than it does just to pay someone to do it for you. Of course, this simple math is something that most of the . . . → Read More: ECONomics

Has Gold's Uptrend Been Broken?

I have a post up on the corporate blog featuring a Sharelynx log chart of the gold price.

There is also a very good video of why gold was (is?) favoured as money over other elements/metals in this post The Science Of Gold

And in response to this cheeky question from JR re that . . . → Read More: Has Gold’s Uptrend Been Broken?

Economic Events on December 20, 2011

At 7:45 AM Eastern time, the weekly ICSC-Goldman Store Sales report will be released, giving an update on the health of the consumer through this analysis of retail sales.

At 8:30 AM Eastern time, the Housing Starts report for November will be released.  The consensus is that construction on 636,000 new homes were started . . . → Read More: Economic Events on December 20, 2011