The silver miners’ stocks have had a roller-coaster ride of a year, getting sucked into March’s stock panic before skyrocketing out in a massive upleg. While much-higher prevailing silver prices radically improve silver-stock fundamentals, Q2’s national economic lockdowns to fight COVID-19 wreaked havoc on this sector. The silver miners’ latest quarterly results recently released revealed
They will initially do everything in their power, which is helicopter money, stopping withdrawals, bail-ins, bail-outs, and… by Egon von Greyerz of Gold Switzerland “Ground control to Major Tom … Your circuit is dead, there’s something wrong. Can you hear me Tom. Can you here me Tom”….Tom: “I am floating around in my tin can
In the near-term, Apple (AAPL) might have its work cut out for it. The soft macro environment and COVID-19 backdrop are expected to keep consumer demand trends down in the dumps for some time. But, take a step back and look at the big picture, and you’ll see that the tech giant has a “once
Take a look at some of the biggest movers in the premarket: Coca-Cola (KO) – The beverage giant announced a reorganization which will see the current 17-unit business structure changed to nine business units. The realignment will result in an undetermined number of both involuntary and voluntary job cuts, with Coca-Cola planning to offer voluntary
When they need cash, many homeowners believe that selling their house is the easiest and most convenient way to get an influx. Even homeowners in possession of other types of assets may find this strategy appealing because they may want to avoid selling taxable holdings that will generate capital gains or withdrawal penalties on early
Elon Musk-backed Neuralink announced an improved prototype of the brain implant it unveiled a year ago, with the Tesla chief executive calling it a “Fitbit in your skull with tiny wires”. In a live-streamed event, the private neurotech start-up on Friday showed off a pig, Gertrude, which had undergone surgery to have a coin-sized device
And then I said to Nixon, ‘A narcissist is someone better-looking than you are.’” We are still in the bar car but Gore Vidal is on his second Franciacorta and perhaps his fifth epigram. Over his gently rounded shoulder — those Neapolitan tailors — I see rural France career past the curtained windows. Or at
BNY Mellon Pershing used to only service RIAs with at least $250 million in assets. No longer. The fourth largest custodian in terms of RIA assets — started welcoming fee-based firms with only $100 million in assets this year, according to Christina Townsend, head of relationship management, consulting and platform strategy at the custodian. “We’re
Today’s Bitcoin (BTC) futures expiry was lackluster both in terms of price impact and volume. Open interest dropped by a mere $157 million, barely moving from its $5 billion mark. As CoinTelegraph correctly predicted yesterday, this most recent CME Bitcoin futures expiry was irrelevant. Some $125 million worth of August contracts were set to liquidate
VP of Investor Relations at Boron Capital, a private investment firm serving diverse segments of the population. getty Over six months into the Covid-19 pandemic, with social distancing regulations lifting and the economy starting to slowly move again, private market investors are waiting for great deals to hit the market. But projecting when and how the
A “For Sale by Owner” sign is posted in front of property in Monterey Park, California. Frederic J. Brown | AFP | Getty Images After improving markedly in July, the number of borrowers struggling to make their monthly mortgage payments has essentially flatlined and now threatens to move higher. As of August 25, 3.9 million
The American libertarian, economist and financial commentator Peter Schiff has been criticizing bitcoin for years, as he believes “bitcoin has no real value.” However, on Thursday Schiff asked the crypto community to give some bitcoin to his 18-year old son Spencer for his birthday and explained that his son “won’t lose his” wallet. The Bitcoin
Now is a great time to refinance your home. getty Two weeks ago, both Freddie Mac and Fannie Mae FNMA announced a new mortgage refinancing fee of 0.5%. The new fee was scheduled to start on September 1, 2020. However, yesterday, Fannie Mae and Freddie Mac both announced the new fee will be delayed until
Experts asked many questions about the Federal Reserve’s new framework, which averages inflation and will not change monetary policy based on expected inflation, especially why they haven’t been able to hit the benchmark consistently since its January 2012 introduction. “Since the Fed established 2% as its inflation target in January 2012, inflation has been nearly
TipRanks 2 “Strong Buy” Stocks Under $3 With Massive Upside Potential The markets are up, and the bulls are running. According to Mike Wilson, chief US equity strategist for Morgan Stanley, now is the time to buy in. Wilson believes that the market’s recent rise signals “a pretty darn good” economic recovery in store for
Is China concerned that traders may not have the required upfront physical gold to meet delivery? by Chris Powell of the Gold Anti-Trust Action Committee (GATA) Dear Friend of GATA and Gold: Market researcher John S. Kim of SK Wealth Academy reports today that the Shanghai Futures Exchange has shortened the delivery period for gold
In the current stay-at-home environment, it’s all about e-Commerce. While the shift from brick-and-mortar retail to online shopping had already been underway for quite some time, COVID-19’s romp around the globe certainly accelerated it. To this end, companies everywhere are making a significant effort to keep up with the trend. This includes the likes of
A child wearing a face mask sits on the Charging Bull statue, also known as the Wall Street Bull, following the outbreak of the coronavirus disease (COVID-19) in New York, August 19, 2020. Carlo Allegri | Reuters September is historically challenging for the market, but stocks could start the month on an upswing after what
Peloton Interactive, Inc. (PTON) shares rose about 4% during Thursday’s session after Goldman Sachs reiterated its Buy rating and raised its price target to a Street high of $96.00 per share. Analyst Heath Terry cited channel checks showing net additions for the quarter, suggesting that the quarter could be well in front of consensus expectations.
National Basketball Association playoff games will resume on Saturday after players ended a work stoppage in return for a commitment from the league to social justice measures including the conversion of stadiums into polling places in the 2020 presidential election. The agreement ends a protest that began on Wednesday when the Milwaukee Bucks refused to
With the greatest admiration and respect for Edwin Heathcote and the reasonable perspective he offers in his article (“Bland Ambition: How the Airbnb aesthetic, the global anonymous chic that makes Budapest look the same as Brooklyn, has crept into our own interiors”, House & Home, FT Weekend, August 22) I feel compelled to cast a
Stifel picked up three advisors from Merrill Lynch, accelerating its recruiting efforts. The team oversaw $450 million in client assets and joined Stifel in Dallas, according to the company. The group is comprised of advisors John “Woody” Abbott, Shane Stein, and Eli Tabaria. Abbott moved from UBS to Merrill Lynch in 2008, according to FINRA
Taras Kulyk, Senior Vice President of Blockchain Business Development at Core Scientific, says that the countries competing to become leaders in the Blockchain space vary greatly in what they can offer to crypto miners. During an interview with Cointelegraph, Kulyk stated that global diversification of hashrate has been increasing as countries around the world vie
Hurricane Laura hit with powerful winds causing extensive damage to homes along the Gulf Coast. Getty Images Hurricane Laura, the most intense hurricane to make landfall along the northwestern Gulf Coast since 1856, brings the threat of further economic uncertainty to the region. Data by CoreLogic, a global real estate and data analytics provider, has
valentinrussanov | E+ | Getty Images If the economic havoc from the coronavirus persists, distressed homeowners could find themselves facing a terrifying prospect next year: Foreclosure. The CARES Act, the pandemic relief act that became a law this spring, sought to keep millions of Americans in their homes. In particular, it gave borrowers with federally
The U.S. Federal Reserve has announced a significant policy change to push up inflation. Bitcoin is set to greatly benefit from this policy change. Not only the price of bitcoin could surge past $500K, but a number of companies have also begun moving their reserves into the cryptocurrency to hedge against higher inflation. Fed Officially
WOBURN, MA – APRIL 8: Family members participate in a drive-by birthday celebration for 102-year-old … [+] Agnes Carson outside the New Horizons at Choate independent and assisted living community. (Photo by David L. Ryan/The Boston Globe via Getty Images) Boston Globe via Getty Images Hundreds of thousands of older adults and younger people with
Municipals were weaker on Friday, with yields on the long end finishing out the day up one basis point. Since Aug. 12, when the muni market correction began and yields moved off record low levels, the yield on 10-year muni has risen by 23 basis points while the 30-year yield is up 29 basis points,
Editor’s Note: Get caught up in minutes with our speedy summary of today’s must-read news stories and expert opinions that moved the precious metals and financial markets. Sign up here! (Kitco News) – After two weeks of consolidation below $2,000 an ounce, expectations have picked up that gold prices could reclaim that critical psychological level
Most Americans don’t seem particularly concerned about this… by Ryan McMaken of Mises Institute The deficit narrowed during July after months of record shortfalls in federal tax revenues. During April, May, and June of this year deficits surges to unprecedented highs as economic activity dried up, workers were furloughed and laid off, and tax payments were