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Originally Posted by RighteousTrader Wow guys thats some good performance, just read this article on bitcoinnews. Source:> http://www.bitcoinnews.com/ Summary - Bitcoin Ends Month Up 22%, Quarter Up 85%, YTD 2012 Now Up 162% Bitcoin Money blog (@Bitcoinmoney) gives a monthly wrapup on Bitcoin for the month of September, 2012. Excerpts: “For the seventh month in a row, the BTC/USD exchange rate ended higher than the level it was at when the month had begun.” - “The closing price of $12.40 USD was more than two dollars above the previous month’s close giving a 22% gain for the month. The second quarter had closed at $6.69 so the closing price for Q3 2012 shows a gain of 85%. For 2012, where the price opened at a $4.72 level, the price rise from January 1st now exceeds 162%.” - “Starting the month off on the wrong foot was the security breach at the U.S. exchange BitFloor in which 24,000 bitcoins were heisted.” - “Not only did ...
Originally Posted by RighteousTrader WTF! the fool-in-the-machine is screwing markets yet again—Stop This data storm now! Chaos Has Struck The Stock Market Today, And Everyone Suspects That An Algorithm Has Gone Wild Shares of Knight Capital, the market maker, are getting slammed. They’re down nearly 11% now 24%!. People think the technical issues are originating from them. Read more here...
Originally Posted by RighteousTrader So i guess another nail in coffin for the penny stock market, and any hopes of legitimate small companies gaining entry into capital markets. Now granted there is a lot of S#IT scams in penny world, but why not let individual investors make up their own minds. Sec same agency who was watching porn while Bernie Madeoff was fleecing everyone, but yet they have time to try to destroy small cap companies. My .02 cents http://www.sec.gov/litigation/suspen...2/34-66980.pdf
Originally Posted by RighteousTrader Those Banksters! Ripping us all off so they can get fatter! Source: Bloomberg Click Here Read Full Story... By Bob Ivry, Bradley Keoun and Phil Kuntz - Nov 27, 2011 7:01 PM ET Bloomberg Markets Magazine "The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing. The Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day. Bankers didn’t mention that they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy. And no one calculated until now that banks reaped an estimated $13 billion of income by taking advantage of the Fed’s below-market rates, Bloomberg Markets magazine reports in its January issue. Saved by the bailout, bankers lobbied ...
Originally Posted by RighteousTrader Agenda for hearing of November 16, 10:00am EST http://terrestarcorprestructuring.co.../263_10612.pdf Reply to Response to Motion to Reconsider Order Denying Appointment of Examine http://terrestarcorprestructuring.co.../264_10612.pdf
Japanese Debris to Hit Western U.S. and Canada I noted in June that debris from carried out to sea in the Japanese tsunami would hit the Western U.S. and Canada within a year or so, and that nuclear engineer Arnie Gundersen urged us to demand testing of radioactivity from the American government. It turns out that scientists underestimated the speed with which the debris would reach the Western coast of North America. As Canada’s National Post reports today:The largest items swept out to sea following the Japanese tsunami in March could arrive on the B.C. coastline within days, oceanographer Curt Ebbesmeyer predicted on Wednesday. The main part of the 20-million-tonne debris field, equivalent in size to the state of California, isn’t expected until about 2014, but houses, fishboats and even small freighters could already be close to Canadian shores, Mr. Ebbesmeyer said. *** “We just finished running a simulation with a drifter, a buoy that got ...
Originally Posted by RighteousTrader Exclusive: Groupon IPO may be $1-$2 above range Published November 02, 2011 Groupon Inc could price shares in its initial public offering $1 or $2 above the current range of $16 to $18 per share, according to two investors who said they spoke with the lead underwriters on Wednesday. Groupon is on file with the Securities and Exchange Commission to sell 30 million shares in the IPO, equivalent to a 4.7 percent stake. Books are expected to close later on Wednesday afternoon, with trading on the Nasdaq to begin on Friday. If the IPO prices at $19 per share, that would value Groupon at $12.02 billion. If it prices at $20 per share, that would value the company at $12.7 billion. No further information was immediately available. A spokesman for Groupon declined comment. The lead underwriters, Morgan Stanley, Goldman Sachs, and Credit Suisse, declined to comment. Scott Sweet of research firm IPO Boutique said earlier on Wednesday that underwriters were ...
How do you like those Apples? An unnamed New Yorker claims Apple's new "Find My Friends" app -- which uses GPS to locate any of your friends that have allowed you access to their location -- led to a stunning revelation: His wife has been cheating on him. "I got my wife a new 4S and loaded up Find My Friends without her knowing. She told me she was at her friend's house in the East Village. I've had suspicions about her meeting this guy who lives uptown. Lo and behold, Find my Friends has her right there." Read more: http://www.foxnews.com/scitech/2011/...#ixzz1b5hbqCH2
FAILURE to stabilize the Eurozone well lead to a 1930s-style depression in Europe. Speaking to Geoff Candy on Mineweb.com's Gold Weekly podcast, Franco-Nevada Chair, Pierre Lassonde, said that he does not see the healthy countries in the region, like France and Germany allowing this to happen. Instead, they will find the resources to throw money at the problem and, in the process, "there will be massive monetization of debt." According to Lassonde, the US, while in a healthier position economically than Europe, is also continuing to monetize its debt which will further add to inflation in that country. All of this, he says, will be good for gold, as will the inflation that has been rearing its head in China. But, it is not just the monetization of debt or the inflation that will give a further lift to prices of the yellow metal, it is also the continued expansion of gold's role as a financial asset. Looking again at the European situation, Lassonde says, "Italy ...
WASHINGTON -(Dow Jones)- The U.S. has decided to allow BP Plc (BP, BP.LN) to bid on new oil-drilling leases that go up for sale in the Gulf of Mexico later this year, less than two years after BP's Macondo well erupted and caused the worst offshore oil spill in U.S. history. While testifying at a House hearing Thursday, offshore safety chief Michael Bromwich said his agency "considered and thought about this issue quite a lot," but eventually determined to allow the British oil giant to bid for leases in an upcoming auction known as Lease Sale 218. "We don't think it's appropriate [to exclude BP] in these circumstances," said Bromwich, director of the Interior Department's Bureau of Safety and Environmental Enforcement. On Wednesday, the Interior Department issued its first set of citations related to the spill at the Deepwater Horizon rig, accusing BP and two of its contractors of breaking several rules. The citations are likely to carry fines. Scheduled for ...
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