This market has to end with either extreme inflation or extreme deflation. Inevitably, this all ends with something like… Vincent Lanci on Palisades Gold Radio Tom welcomes a new guest to the show, Vincent Lanci. Vince discusses his background in energy and precious metals and he manages money for a couple of hedge funds. Vince
Month: March 2021
Shares of Gentherm rose 8.3% on Monday after delivering better-than-expected earnings and revenues for the fourth quarter. Furthermore, the developer of innovative thermal management technologies forecasted 2021 revenues above consensus estimates. Gentherm (THRM) reported 4Q product revenues of $288.9 million, which grew 25.4% year-over-year and exceeded the Street’s estimates of $257.3 million. While automotive revenues
Take a look at some of the biggest movers in the premarket: Zoom Video (ZM) – Zoom reported quarterly profit of $1.22 per share, beating the consensus estimate of 79 cents a share. Revenue also topped forecasts, and Zoom gave an upbeat current-quarter forecast in anticipation of millions continuing to use its video messaging platform.
For many investors, the allure of precious metals is hard to resist—most notably, gold. It is one of the most sought-after and popular investments in the world because it can offer lucrative returns in any investment portfolio. Gold is generally considered to be a safe investment and a hedge against inflation because the price of
Yellow Dog Prod. | Image Bank | Getty Images After a wild final week of a volatile month, it’s becoming increasingly clear that something is spooking investors. That something is the potential for a surge in inflation later this year. Investors are justifiably concerned that the combination of sustained Fed interest-rate suppression and trillions in
Asia-Pacific equities fell after China’s banking regulator voiced concern over bubbles in foreign markets, a day after Wall Street posted its best performance in almost nine months. Hong Kong’s benchmark Hang Seng index dropped 1.6 per cent on Tuesday, reversing initial gains, while China’s CSI 300 index of Shanghai- and Shenzhen-listed stocks shed 2 per
Nio, China’s leading challenger to Tesla, warned that battery and chip supply constraints would limit production as the electric vehicle maker tries to sustain sales growth amid fierce domestic competition. New York-listed Nio’s revenue rose to Rmb6.64bn ($1.02bn) in the fourth quarter, up 46.7 per cent from the preceding three-month period, the company said after
Rockefeller has recruited another top-ranked Merrill Lynch team. The group includes Alpesh Patel, who was recently ranked among Forbes’ top advisors with team assets of $843 million as of Feb. 11. A spokesperson for Rockefeller declined to confirm the team’s current AUM. Other team members include advisors Matthew Birkett and Darren Siegrist; Hai Dang, team
Payments company MoneyGram International has been sued over alleged false statements, made regarding its partnership with Ripple Labs and their XRP cryptocurrency. The class action lawsuit, filed on March 1 in California, was submitted on behalf of investors who purchased securities from MoneyGram between June 17, 2019, and February 22, 2021. The global investor rights
Robert Reffkin speaks at a conference in New York City in 2019. (Photo by Brad Barket/Getty Images for Fast Company) Getty Images for Fast Company Compass, the real estate brokerage with more than 19,000 agents on its platform, filed its IPO prospectus with the Securities & Exchange Commission on Monday. The filing showed significant growth
The price of bitcoin and a number of digital assets saw significant gains on Monday, as the entire market capitalization of the crypto economy has gained 2.4% in the last 24 hours. Bitcoin’s value passed the psychological $50k zone after hitting a low of $43,021 the day prior on Sunday. Bitcoin (BTC) touched a high
Puerto Rico’s leader of its debt oversight agency on Monday told high-yield investors that Puerto Rico’s central government was on the way to be able to sell new bonds. Puerto Rico Fiscal Agency and Financial Advisory Authority Executive Director Omar Marrero made his pitch to participants at the JPMorgan 2021 Global High Yield and Leveraged
[embedded content] Bitcoin is still in a rapid adoption phase, with the peak of the current cycle at $200,000, said Greg King, founder and CEO of Osprey Funds. “I think we’re in a natural consolidation phase. Our view is that Bitcoin is in a bull run. It’s sort of in its fourth of fifth big
The mainstream media has begun its propaganda push to see if humans will actually eat bugs on command. The social engineering experiment… by Mac Slavo of SHTFplan For climate change and global warming, the elitists are demanding we all take to eating bugs. But does anyone actually believe the rulers will be eating bugs? The
After a devastating setback, Workhorse Group (WKHS) will have to redefine the business plan going forward. The company was wisely building an order book beyond the large electric van contract with the USPS, but the failure to obtain any portion of the contract was unexpected. Workhorse has seen its share price fall below $20, but
A trader working after the Nasdaq opening bell ceremony on April 18, 2019 in New York City. Kena Betancur | Getty Images Check out the companies making headlines after the bell on Monday: Zoom Video – Shares of the video communications company popped 8.5% on the back of better-than-expected fiscal fourth-quarter results. Zoom earned $1.22
We have now officially gone far beyond the point of peak mental illness, and have reached levels of absurdity and abuse that surprises us even after years of writing about these topics. With public schools opening under limited-hybrid “in-person” learning – holy shit that is a mouthful – public school districts and so-called health professionals
In estate planning, Canadians don’t have to contend with an estate tax the way U.S. citizens do. However, what many people don’t realize is that a “deemed disposition tax” applies when you die. In this article, we’ll provide tips on minimizing your estate’s exposure to this tax and structuring your estate plan to ensure your
A visual representation of digital currencies. Yuriko Nakao | Getty Images New York Attorney General Letitia James sent a blistering warning to investors and industry members about the dangers of cryptocurrencies on Monday. “We’re sending a clear message to the entire industry that you either play by the rules or we will shut you down,”
The US risks losing its superiority in semiconductors that are critical for commercial and military success because of its reliance on Taiwanese chip manufacturers, a congressionally mandated commission has concluded. After a two-year study, the National Security Commission on Artificial Intelligence said the US needed to build a “resilient domestic base” for designing and making
As the UK looks at radical proposals such as dual-class share structures to encourage start-ups to list their companies in London, the US and Silicon Valley have already been there, and are now going much further in helping entrepreneurs, employees and their VCs to monetise stakes. Miles Kruppa in the Big Read looks at the
Goldman Sachs slapped a zippy new name on its digital bank, turned it into a billion-dollar revenue generator and rolled out a credit card with tech darling Apple. And the February launch of a robo adviser was supposed to make it the month of celebration. Instead, the most gilded name on Wall Street has been
The start of a new month has brought renewed fervor from the cryptocurrency market as Bitcoin (BTC) price steadily climbed from a low of $43,537 on Feb. 28 to a high of $49,200 during today’s early trading hours. As traders get excited about positive moves in the market and look to re-enter positions, the increasing
KB Home, the Well-Living Lab, and Delos feature a “MindBreak” microenvironment in a new concept home … [+] showcasing pioneering health technologies in Phoenix. Image provided by KB Home To no one’s dismay, safer, healthier living through science has taken a firmer hold on Americans’ still widely-burning dream of homeownership. One homebuilder’s marketing website features
sponsored Thanks to TON Labs, BSN will now be able to produce real-life applications that require a scalable backend and use cases in compliance with China’s regulatory framework while still using an inherently decentralized network to do so. China’s Developers Gain Access to TON Technology China’s Blockchain-based Service Network (BSN) and TON Labs announced today
Regulators and law enforcement are looking into flagrantly illegal “side letter” agreements which … [+] pay private equity investors aware of fraud to not tell unsuspecting others. getty While mutual fund investors are assured equal treatment under the federal securities laws, private equity funds are the Wild West—industry practice is to grant certain investors secret
Municipals were little changed Monday as U.S. Treasuries rose slightly and equities rebounded from losses last week, but the damage was done in the back half of February for munis, as rising yields pushed returns into negative territory for the month. The Bloomberg Barclays Municipal Index posted a -1.59% return in February, bringing the year-to-date
Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Endeavour Silver (NYSE: EXK; TSX: EDR) today announced that its gross revenue in 2020 was $140.3 million, up 15% from
Some states have their own moratoriums in place, so renters in those states will still have at least some protection… by Michael Snyder of The Economic Collapse Blog Ever since last summer, a federal moratorium on evictions has prevented landlords from evicting millions of tenants that are behind on their rent payments. This moratorium has
Stocks started this year with heft gains, edged back last week, and now are rising again. The big tech giants led the moves, with volatility in Apple and Amazon leading the NASDAQ on its gyrations. The strategy team at investment bank Goldman Sachs have taken notice of the market shakeups, and are working out what