It's been a while since Wall Street banks recommended anything to do with either gold or gold stocks, but in a surprising reversal...
Apparently, the silver squeeze bullion buying movement has now reached the "they laugh at you" phase.
As we detailed previously, every June, the Russell Index rebalances by removing stocks that no longer meet their criteria (and incorporating recently improving names).
Guest: Steve Bannon, host of the WarRoom podcast
This week, a quiet milestone in the changing nature of the asset-management industry passed without much notice from the heavily preoccupied financial press - and no, we're not talking about Invesco's latest volley in the buy-side fee wars.
Tucker Carlson reported that skyrocketing house prices are being driven by Wall Street outbidding normal Americans trying to buy homes.
The Fed's destructive money-pumping has many victims, but chief among these is the Wall Street financial narrative itself.
Wall Street Giants Want to Be Your Landlord - Data Shows Megabanks Are Buying up All the US Real Estate
In 2017, we were among the first to bring the market's attention to what has subsequently been dubbed "Big Short 2.0" as we reported that "Mega-Bears Smell Blood As Mall REITs Tumble."
Is the party almost over? Volatility has returned to Wall Street in a major way, and certain investors are getting absolutely crushed.
Mining companies have been frequent targets. In the past decade, Silvercorp Metals, Pretium Resources, Asanko Gold and Northern Dynasty Minerals have been caught in particularly high-profile campaigns. Most recently, Novagold Resources sued J Capital
Nearly fifteen years ago, on December 10, 2006, the CEO of Senderra, a subprime mortgage lender owned by Goldman, Sachs, sent a grim report to its parent company. "Credit quality has risen to become the major crisis in the non-prime industry," Se
A report published last year by the WEF-Carnegie Cyber Policy Initiative calls for the merging of Wall Street banks, their regulators and intelligence agencies as necessary to confront an allegedly imminent cyber attack that will collapse the existin
"The current state of play, including upbeat U.S. data alongside bullish fiscal plans, are more likely than not to keep the U.S. dollar's edge intact."
Update (0815ET): Wedbush celebrity tech analyst Dan Ives, known for being one of Apple's biggest champions on the Street, has hailed Tesla's decision to start accepting payment in bitcoin as "a seminal moment" for both Tesla, and bitcoin.
At the time of the month when open interest should be falling, it is rising instead!
Update (1225ET): GME collapsed after we posted highlighting the craziness again, and is now halted for the first second third fourth time
The greatest truth about markets is it's not what you think you know that matters. It's what other people collectively think they know that counts...
...who was previously accused of sexual misconduct
Who Are The Craziest Ones?! Silver Stackers or Everyone Else? #SilverSqueeze? r/WallStreetSilver
Back in mid-December, when stocks were melting up furiously daily amid unprecedented retail euphoria, which would only get crazier and crazier until eventually it forced Citi to use a bigger chart two months later to capture the market's retail eupho
The GameStop saga--can we call it an insurrection?--wants easy heroes and villains. Both are available.
...Crypto Roars Back As Citi Sees Imminent 'Tipping Point' In Global Trade
As Coinbase nears its debut on the public market, the company's offerings for corporations looking to follow Tesla into adding bitcoin to their balance sheet may prove to be a large part of their business as adoption grows.
Update (1620ET): After staging a massive rip in the last few minutes of trading...
Volatility has returned to Wall Street, and it appears that our absolutely epic stock market bubble may be in serious trouble.
Watching the market's panicked reaction this morning as the reality of the recent surge in first breakevens then real yields, is finally appreciated by the "cubic zirconium" hands, the momentum chasing algos and the puking CTAs, can't help but bring
"Musk is now tied to the bitcoin story in the eyes of the Street and although Tesla made a billion paper profit in its first month owning the digital gold, it comes with added risk, as seen this week," Ives told CNBC via email on Tuesday.
...the evidence is overwhelming, just take a look for yourself, PSLV