Nobody Special Finance

Gold, Silver, and Platinum have had a monster year leaving many to wonder how much higher it can go. Idaho Armored Vaults CEO Bob Coleman joins me to talk about what's happening behind the scenes with rising costs to borrow shares of the SLV ETF, skyrocketing silver lease rates in London, the gold to silver ratio, and his thoughts on a platinum shortage later this decade. Follow Bob Coleman on Twi...

Shares of Intel are ripping this morning after Nvidia announced it was buying $5B worth of INTC shares and that Intel would be building their x86 CPUs. Elsewhere the stocks are generally higher this morning after the Federal Reserve lowered interest rates by 25 basis points, as expected. Support the Channel on Patreon: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...

China has ordered it's domestic tech companies to cancel orders for Nvidia GPUs in the latest trade war salvo that shows the Chinese are determined to develop their own chip industry. Elsewhere the market is trading sideways ahead of the open today, holding it's breath ahead of the Fed's interest rate decision. Support the Channel on Patreon: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...

A federal court has ruled that President Trump lacks cause to terminate Lisa Cook clearing the way for her to participate in this week's FOMC vote. Elsewhere the US and China are near a deal for ByteDance to divest ownership of TikTok with Oracle rumored to be the buyer. Support the Channel on Patreon: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...

Nvidia is renting billions of dollars worth of it's own chips back from Coreweave in the latest and greatest example of how accounting gimmicks have inflated a multi-trillion dollar asset bubble. What's worse, this isn't the first time they've done this. In fact, they've been doing it for years while withholding that information. That's not surprising given Nvidia's his...

China has ruled that Nvidia violated antitrust laws with it's 2020 purchase of Melanox without saying what the penalty will be. This salvo is likely part of ongoing hardball trade negotiations between the US and the Chinese. Elsewhere Tesla shares are rallying again this morning on news that Elon Musk has recently purchased shares. Support the Channel on Patreon: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...

Silver prices are continuing to rise this morning, after years of lagging the performance of it's yellow cousin, the white metal is finally starting to outperform. Yet the lack of attention among the mainstream and enthusiasts who remain dejected suggests that there is still plenty of room to run. Elsewhere, OpenAI is reportedly close to a deal with Microsoft to transition to a for-profit company....

The Consumer Price Index (CPI) rose in August, roughly in line with expectations, in a report that will likely not deter the Federal Reserve from lowering interest rates next week. Of note this morning is a sudden spike in initial jobless claims to the highest level in several years indicating stress continues to accumulate in the labor market. Support the Channel on Patreon: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...

Tricolor Auto, one of the largest used car dealers and subprime auto lenders in the US has gone bankrupt exposing a fraud that has left several banks with big losses. Support the Channel on Patreon: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.patreon.com/NobodySpecialFinance⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...

The producer price index (PPI) came in well below expectations, alleviating fears of tariff-induced inflation after the number came in surprisingly high last month. Elsewhere shares of datacenter provider Oracle of ripping higher this morning despite reporting an earnings and revenue miss for the quarter last night. This market runs on hype, and sure as heck aint no shortage of hype. Support the C...

Stocks are holding steady near all time highs this morning as the market awaits what are expected to be big downward revisions to last year's jobs numbers. Meanwhile crypto treasury companies are starting to get more than just a little ridiculoius. Look no further than Worldcoin Treasury Company EightCo which rallied 3,000% yesterday. Support the Channel on Patreon: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...

The price of gold has made yet another all time high this morning which will come as welcome news to stackers but an ominous warning to everyone else. Meanwhile silver is rallying once again on tariffs jitters are the white metal is trading at a premium in New York on the on-again off-again silver tariff boogey man. Support the Channel on Patreon: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...

The August Non-Farm Payrolls report came in well below expectations with just 22K jobs added while downward revisions to prior months wiped out 21K of those, reflecting the ugly state of the US labor market. Stocks are trying to decide if they want to focus on the economic malaise or hopes of easy money from the Fed. Support the Channel on Patreon: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...

There have been several labor market data points released over the last few hours all of which point to growing weakness in the job market, increasing the likelihood of the Federal Reserve cutting interest rates later this month. Support the Channel on Patreon: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.patreon.com/NobodySpecialFinance⁠⁠⁠⁠⁠⁠⁠...

Google Parent Alphabet is soaring this morning after a major win in an anti-trust case that will allow the tech giant to retain ownership of it's Chrome browser and Android Operating System. Apple is along for the ride as the court ruled Google could continue to pay Apple for default search privileges. Elsewhere the price of front month gold futures has reached another all time high, above $3,...

Interest rates on long duration debt across the world are moving sharply higher this morning as worries about fiscal recklessness and inflation have investors shying away from lending to governments long term. These inflation worries, combined with questions about Fed independence are driving metals higher once again. Support the Channel on Patreon: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...

Canada's GDP contracted in the second quarter due to a massive plunge in exports as US tariffs took their toll on the Canadian economy. Elsewhere news from Chinese tech firms Alibaba and Hauwei show the Chinese are doubling down on R&D in the artificial intelligence race with the US. Support the Channel on Patreon: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...

Nvidia earnings report yesterday was slightly disappointing as the most important category, datacenter revenue, missed estimates despite impressive numbers elsewhere. The market appears to be taking this disappointment in stride as Nvidia shares are holding up and the indexes are green ahead of the open. A bubble-burster tis not. Support the Channel on Patreon: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...

The whole world is holding it's breath ahead of the Nvidia's earnings report, which has become the single most important market event, eclipsing even inflation and jobs numbers. Big Tech Capex and runaway datacenter buildout are up against China uncertainty and lofty expectations and the everything bubble hangs in the balance. Elsewhere the European Union is scrambling to rush through legislation...

President Trump announced he was firing Federal Reserve Governor Lisa Cook over allegations that she committed mortgage fraud setting up a court fight that pitches fed independence against allegations of misconduct. Support the Channel on Patreon: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.patreon.com/NobodySpecialFinance⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...

The euphoria that came over markets on Friday after Jerome Powell's Jackson Hole speech appears to have subsided with assets reversing some of Friday's gains ahead of the open today. Elsewhere the price of Bitcoin is making new lows after another whale dumped billions worth of the crypto over the weekend. Support the Channel on Patreon: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...

The market is holding it's breath this morning while awaiting Federal Reserve Chair Jerome Powell's speech at the annual Jackson Hole Symposium. Will Powell give the market the dovish telegraphed rate cuts that have already been priced in by stocks, or will he give the finger to President Trump (and the bond market) by coming out hawkish in light of some questionable inflation data. Suppor...

Walmart earnings are out and it speaks volumes about the state of the US economy and the health of the US Consumer that drives it. In a nutshell: rich people are shopping at Walmart and that's a big problem. Support the Channel on Patreon: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.patreon.com/NobodySpecialFinance⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...

Earnings reports from Target and Lowe's are further evidence that consumers are struggling with the rising cost of living and the housing market remains frozen solid. Elsewhere inflation is still rising in the UK and Japanese exports are taking a hit from the trade war. Support the Channel on Patreon: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.pat...

Shares of Intel are rising this morning on the news that Softbank has agreed to buy a $2 billion stake in the company just hours after it was reported that the US govt will buy 10% of the company using CHIPS Act funds. Elsewhere Home Depot earnings are out and when combined with yesterday's Home Builder sentiment report paints a picture of a market pinning it's hopes on The Fed. Support th...