In The News Today

Posted at 9:43 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

A good way to view this chart…if you change the colors red and green and plus to minus, this chart will show you the performance of various currencies versus gold.

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Bill Holter’s Commentary

Dangerous…

Few Americans Reporting Cryptocurrency Trading To IRS For Now: Report
February 13, 2018

NEW YORK (Reuters) – Less than 100 people out of the 250,000 individuals who have already filed federal taxes this year through company Credit Karma reported a cryptocurrency transaction to U.S. tax authorities, the company said on Tuesday.

This is despite nearly 57 percent of the 2000 Americans surveyed by the credit score startup and research firm Qualtrics last month saying they had realized some gains from cryptocurrencies, according to a Credit Karma study.

Roughly the same percentage said they had never reported cryptocurrency gains to the Internal Revenue Service, while nearly half of those polled said they understood how owning cryptocurrencies affected their taxes, the study said.

The IRS considers cryptocurrencies such as bitcoin as property for federal tax purposes, meaning any profits or losses from the sale or exchange of the virtual coins should generally be reported as capital gains or losses.

Trading of cryptocurrencies, digital tokens whose value is not backed by central banks and hard assets, surged in 2017 amid a rally in their price. A single bitcoin is worth more than $8000, compared with $1000 a year ago.

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Bill Holter’s Commentary

Imagine that? It’s beginning to look like conspiracy “theorists” might actually have a far better batting average than Ted Williams. I guess the moral to the story is…you weren’t so crazy after all!

Whistleblower Exposes “Rampant Manipulation Of VIX”
February 13, 2018

We first exposed the “conspiracy fact” that VIX manipulation runs the entire market back in 2015 as the ubiquitous VIX-crushing algo-runs coincided with a non-stop shorting of VIX futures by a seemingly bottomless-pocketed player in the market… which happened to coincide with the arrival of Simon Potter as the head of The New York Fed’s trading desk…

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Probably just a coincidence, right?

Then, in May of last year we academic confirmation of the rigged nature the US equity market’s volatility complex, when a scientific study found “systemic VIX auction settlement manipulation.”

Two University of Texas at Austin finance professors found “large transient deviations in VIX prices” around the morning auction,”consistent with market manipulation.”

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