⛏ Stimulating Into a Bubble

The Incredible Bitcoin Price that Gold Mining Demands
Based on today’s data and our calculations, Bitcoin would need to trade near $270,000 just to match the margins gold miners enjoy right now at $4,000 gold. Think about that number for a moment. It’s not a price target. It’s a reality check. It says that at current costs and current technology, Bitcoin mining has fundamentally unequal economics compared to gold mining. One can scale margins smoothly. The other hits halving walls every four years. Read on »

Dailio: Stimulating Into a Bubble
Hedge fund icon Ray Dalio is sounding the alarm a lot this year over what he sees as the dire state of the US economy. His main concern in recent months has been the impact of soaring US debt levels and high deficit spending; now, he's raising red flags about the path of monetary policy. Dalio says he's concerned that easing interest rates will stimulate a dangerous bubble in markets and the economy — and the market could see one final surge before it bursts. Read on »

Natural Gas + Data Center Energy Needs = Huge Opportunity
The Rice brothers along with their father, built one of America’s greatest success stories, Rice Energy, starting in the early 2000s. While most of the financial world was still talking about “peak oil” – the fallacy that oil production had peaked and would only decline going forward – the Rice brothers knew about massive technological improvements to drilling and fracking and figured, correctly, these innovations would once again make the Marcellus shale one of the world’s most important sources of energy. Read on »