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Novo Resources Is Not Worth $600 Million

Novo is not worth the $ 544 million market cap based on Friday’s close using fully-diluted shares.   Novo might eventually be worth $ 600 million or even more.  But that reality is several years away.  I have been recommending selling to my Mining Stock Journal subscribers for several months.  I don’t just ideas to buy, I help my subscribers avoid stocks that are overvalued, for whatever reason. Novo Resources is a Vancouver-based junior mining exploration company that is in the early stages of exploring its Karratha gold project in Australia. It also has another gold project, Beatons Creek, in Australia […]

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Bitcoin Is Now Worth More Than Wal-Mart (The Entire Company)

Would you rather own 100% of Wal-Mart or every Bitcoin in existence?  At one point such a question would have been completely absurd, but now things have changed.  As I write this article, Wal-Mart has a market cap of 287.68 billion dollars.  Wal-Mart is the king of the retail industry in America, and nobody else is even close.  Bitcoin, on the other hand, is an entirely digital creation that did not even exist until 2009.  No government or central bank in the entire world recognizes it as a legitimate currency, and there are very, very few retail establishments that are […]

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What’s a Crypto Worth?

I’ll be straight with you. When it comes to Bitcoin, I got nothing. For months, I’ve watched Bitcoin explode higher. And philosophically, there’s a lot I like about cryptocurrencies. I like the idea of a viable currency that exists outside of government control and outside of the banking system. I like the fact that there is no central bank like the Federal Reserve to debase the currency, inflating away its value over time. And I like that Bitcoin and other cryptos – at least in theory – are anonymous. But, back in 1998, I also liked the internet. That didn’t […]

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Central Banks Now Own Stocks And Bonds Worth Trillions – And They Could Crash The Markets By Selling Them

Have you ever wondered why stocks just seem to keep going up no matter what happens?  For years, financial markets have been behaving in ways that seem to defy any rational explanation, but once you understand the role that central banks have been playing everything begins to make sense.  In the aftermath of the great financial crisis of 2008, global central banks began to buy stocks, bonds and other financial assets in very large quantities and they haven’t stopped since.  In fact, as you will see below, global central banks are on pace to buy 3.6 trillion dollars worth of […]

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Manufacturing in America: Are American Jobs Worth $30 Socks?

My younger daughter doesn’t conform to, well, much of anything. As a very young girl she insisted on doing her own hair. She liked pony tails – lots of them – but as a four or five-year-old, she didn’t have much skill at getting them right. This meant that she often had 11 or 12 fountains of blonde hair sticking out all over her head. She was very proud. Much to her dismay, in the sixth grade we enrolled her in a private school that requires a uniform. The queen of individual expression met the tyranny of “The Man,” but […]

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