Crypto News 

Why it matters if bitcoin is a currency or a commodity

“But both pricing it as a commodity when no commodity exists and trying to make it behave as a currency seem problematic” writes George Friedman for marketwatch.com. It is extremely difficult to use bitcoin as a currency, since the price of goods valued in bitcoin is at the moment rising dramatically.If bitcoin is indeed a commodity, the next question to be asked is: What commodity is it?. But the key is that bitcoin as a commodity has only an exchange value.Alternatively, a currency arises with an exchange value separate from…

Read More
News 

Goldman Sachs predicts bumper returns for commodities next year

“Therefore, a positive roll yield in oil will bring returns of around 15 percent next year, Goldman analysts said” writes Krisztian Bocsi for cnbc.com. Goldman Sachs is expecting the commodities sector to generate returns of almost 10 percent next year, more than other assets over the long run.Robust demand growth for raw materials worldwide should underpin the case for investors to own them, Goldman said in a research note published Monday.Unlike equities, which discount future growth, commodities rise as the current levels of demand offset the amount of available supply,…

Read More
Crypto Futures News 

Bitcoin futures trading gets the green light from US regulators

“The US Commodity Futures Trading Commission on Friday said it would allow bitcoin futures trading on three exchanges” writes Akin Oyedele for businessinsider.com. In a statement, the CFTC said the Chicago Mercantile Exchange and the CBOE Futures Exchange self-certified new contracts for bitcoin futures products.The futures contracts offered by establishment firms could open the door to wider participation in bitcoin trading by other Wall Street firms. CME said its initial listing of bitcoin futures would launch on Monday, December 18.Both CBOE and CME have said their bitcoin futures products will…

Read More
News Oil Stocks 

Commodity stocks pull FTSE 100 toward fifth-straight decline

“Stocks in the U.K. fell Wednesday, heading for a fifth-straight loss, as a slide in oil prices pulled energy producer shares lower” writes Markets Reporter for marketwatch.com. The oil and gas and basic materials sectors have a 24% weighting on the FTSE 100, according to FactSet data.The overall employment number fell in the July-September period, the first decline since 2015. Source: marketwatch.com Share This:

Read More
News Oil 

Rising oil prices might not be enough to lift these commodity currencies

“Indeed, commodity currencies only began their hesitant advance when the U.S. dollar began to lose ground on Monday” writes Anneken Tappe for marketwatch.com. Oil benchmarks topped their recent rally with the biggest one-day gain in almost a year on Monday, but crude-related currencies appeared hesitant to follow suit.Brent crude LCOF8, -0.82% the international oil benchmark, posted its best single-day performance since December 2016 on Monday, as concerns over political stability in Saudi Arabia—home to some of the world’s largest known oil reserves—took hold of the market. Source: marketwatch.com Share This:

Read More
News Stocks 

European stocks leap to 2-year high as commodity shares march up

“On Tuesday, the index rose 0.3% and finished October trade up by 1.8%” writes Markets Reporter for marketwatch.com. European stocks jumped to their highest in more than two years Wednesday, with German shares on course for a new record.According to Thomson Reuters data released Wednesday, 47.5% of results released so far by companies on the Stoxx Europe 600 have exceeded analyst estimates. Source: marketwatch.com Share This:

Read More
Crypto News 

Bitcoin is a Commodity in South Korea Rather Than a Currency

“Sadly, it turns out BTC is a commodity in South Korea for the time being” writes Jp Buntinx for livebitcoinnews.com. South Korea is a very important region when it comes to cryptocurrency.More specifically, they deem Bitcoin is a commodity and not a currency. it isn’t the worst possible outcome, but still somewhat disappointing.It will be interesting to see how the cryptocurrency situation South Korea evolves moving forward. Source: livebitcoinnews.com Share This:

Read More
Markets News Stocks 

Here are the 5 biggest bubbles in markets today

“In 2000, we had the dot-com bubble” writes Jared Dillian for businessinsider.com. That’s probably because bubbles happen much more frequently these days.We never used to get a giant speculative bubble every 7–8 years.Well, there is a bubble in a bunch of asset classes simultaneously (I delve deeper into this topic in my free exclusive special report, Investing in the Age of the Everything Bubble). Source: businessinsider.com Share This:

Read More