ATMChain Weekly Update (April Week 3)
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Bitcoin Price Weekly Analysis – BTC/USD To Retarget $1700
Key Points bitcoin price soared higher this past week above $1680 (data feed from SimpleFX) against the US Dollar. There are two bullish trend lines formed with support at $1550 and $1525 on the 4-hours chart of BTC/USD. The price may extend its current trend, and could even trade back towards the $1700 level. bitcoin … Price Weekly Analysis – BTC/USD To Retarget $1700
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Is Blockchain About to Become a Patent War Battleground?
Is Blockchain About to Become a Patent War Battleground? Last week, news of at least three major players applying for blockchain-related patents emerged: Bank of America sought to legally protect its blockchain-based system allowing the […]
Peak Gold – Biggest Gold Story Not Being Reported
goldcore.com / By Mark O’Byrne / March 22, 2017
– Peak gold – Biggest gold story not being reported
– Gold ‘Mining Zombie Apocalypse’ caused miners to slash exploration budgets
– Decline in gold production at world’s top 10 gold mining companies – Byron King
– “No new big mines being built in the world today” – Glencore CEO Glasenberg
– Primary global gold output declined in 2016 – Thomson Reuters via Mining.com
– 2016 was first year of fall in mine production since 2008
– Rising safe haven demand from ‘Trumpflation’ and geopolitical tensions and falling mine supply should lead to “much higher gold prices”
– What happens when the unstoppable force of robust global demand for gold meets the immovable object of a small, finite, rare and dwinding supply of physical gold?
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We have written about ‘peak gold’ and the ramifications of the underappreciated phenomenon for the gold market since 2008. The risk of falling gold production and a consequent reduction in supply are slowly percolating into the mainstream and analysts are asking whether 2015 or 2016 marked the year of peak gold production.
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