Nobody Special Finance

Silver prices are selling off this morning after the CME group raised margin requirements for the second time in 3 days, following Friday's margin increase that took effect on Monday which the market seemed to absorb and immediately recover from. Support the Channel on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Patreon ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Support the Channel by ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...

The price of silver is rising again this morning after an sudden and brutal selloff yesterday that took silver from ~$84 down to ~$71. Is this a dead cat bounce or a resumption of silver's epic rally? Elsewhere Venezuela has taken the unusual step of curtailing crude oil output amidst the US blockade targeting the Maduro regime that recently escalated with a drone strike on land targets. Suppo...

Silver finds itself with something of a hangover this morning after a crazy night of trading that say prices approach $84 per ounce, a sudden backwardation between NY and London that disappeared just as quickly as it materialized, and then the price dropped hard and fast in a matter of minutes. Other metals like gold, platinum, and palladium saw similarly volatile trading. Support the Channel on ⁠...

The price of silver just added 10% in a single trading session on top of what was already a recording-smashing rally. Idaho Armored Vaults CEO Bob Coleman joins me to talk about what might be causing this historic rally. Check out the Idaho Armored Vaults Website Follow Bob Coleman on Twitter(x) Support the Channel on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Patreon ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Sup...

The price of silver briefly touched $72 overnight as the record smashing rally continues to defy belief and gravity. Gold and Platinum are along for the ride as well. Elsewhere Intel stock is down this morning on news that Nvidia has halted testing of their 18a chip manufacturing process, throwing cold water on hopes for a domestic US chip fab. Support the Channel on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...

The price of silver and gold just keeps grinding higher with silver hitting a new all time high of $70 this morning (you read that right) and gold touching $4,500, also a new all time high. Elsewhere the US Navy has announced two major new shipbuilding endeavors over the last few days in an effort to revive the seemingly dead US shipbuilding industry. Support the Channel on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...

It's one helluva day for metals investors and stackers this morning with gold, silver making new all times highs and Platinum and Palladium running hard as well. Elsewhere the crisis in the Caribbean escalated over the weekend with a second oil tanker seized by the US Navy and a third currently being pursued. Support the Channel on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Patreon ⁠...

The Bank of Japan raised interest rates by 25 basis points as expected, but weak messaging about further hikes from BOJ Chair Kazuo Ueda sent the Yen lower and long term JGB yields sharply higher. Elsewhere OpenAI is reportedly seeking a massive capital raise at an even more massive valuation, despite widespread worries about their solvency, from sovereign wealth funds particularly in the Middle E...

The Consumer Price Index (CPI) for the month of November came in at 2.7%, down from 3.0% after two months of missing data due to the government shutdown. Elsewhere apparently Trump Media Group is now the world's first publicly traded nuclear fusion company. No really. Support the Channel on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Patreon ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...

I like the shiny! Silver has broken $66 for the first time as the relentless run in the white metal continues unabated. Elsewhere there are several stories about problems in the AI bubble this morning, in particular Blue Own Capital has pulled out of a $10B Oracle datacenter in Michigan as the Private Credit lender faces doubts about the economics of the project. Support the Channel on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...

We finally have two months worth of jobs data that was not previously released due to the government shutdown, and the numbers are not good. The economy lost jobs and the unemployment rate spiked. Notably the U6 unemployment made a big move higher from 8.0% to 8.7%. Elsewhere Ford took a massive $19.5 billion charge related to pulling back from it's ventures into electric vehicle because as th...

Freight Waves CEO Craig Fuller joins me to talk about the conflicting signals coming from the logistics world were carriers rates and rejection levels are climbing despite lower volumes. The reason appears to be The Trump Administration's crackdown on Non-Domiciled Commercial Driver's Licenses and the CDL Mills that have produced them in large numbers under suspicious circumstances. Checko...

Precious metals are on the rise again this morning after a brief but intense selloff into the close on Friday. Meanwhile Chinese stocks are down this morning after Xi Jinping's comments about "reckless growth" signaled no stimulus was coming despite a barrage of weak economic datapoints. Support the Channel on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Patreon ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...

When the First National Bank of Lindsay, Oklahoma failed in October of 2024, nobody seemed to care. It was just a tiny bank in a tiny town that nobody had ever heard of. But when I dug into this story, I found a dark secret hiding in plain sight in a town terrorized by criminals and corrupt local officials located just off one of the most prolific drug smuggling and human trafficking corridors in...

Silver tore through the $64 level yesterday and even flirted with $65 overnight on the Comex as the shiny continues to rip. Elsewhere Broadcom is the latest AI darling to disappoint with it's shares selling off following earnings last night. Support the Channel on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Patreon ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Support the Channel by ⁠⁠⁠⁠⁠⁠⁠⁠⁠...

I don't care what you call it, The Federal Reserve is printing money again. Yesterday chairman Powell announced the central bank would buy up to $40B per month of short term US treasuries in order to maintain ample bank reserves. Plain English: BRRR. Elsewhere something extraordinary just changed with Oracle's earnings. The market is suddenly punishing increases in AI Capex, where previous...

I like the shiny. Silver has risen above $61, a new all time high as it's historic catch-up-to-gold rally continues. Elsewhere The US Navy has hired Palantir to expedite the ship building process, with a focus on the Virginia and Columbia Class Submarines. Palantir builds ships now...apparently. Support the Channel on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Patreon ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...

Yesterday President Trump approved the sale of the previously export controlled Nvidia H200 GPUs to China so long as Nvidia paid out 25% to the US government. Chinese regulators responded by restricting domestic companies' access to those same chips. In other words "thanks but no thanks." Meanwhile on the same day, there was another Chinese GPU smuggling operation busted in the US. M...

IBM this morning announced they are acquiring data streaming platform Confluent for $11B in cash to add to it's suite of AI business software offerings. Elsewhere President Trump is expected to announce $12B of direct payments to farmers in an effort to offset pain inflicted on US agriculture by the trade war. Support the Channel on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Patreon ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...

Well, it looks like Warner Brothers is getting passed around again. This time it's Netflix buying them in a deal valuing that company at ~$82B, placing it among the largest media mergers in history. Elsewhere server maker HPE posted a disappointing quarter, missing on revenue and posting guidance that disappointed as more datacenter projects were "pushed to 2026," a statement eerily...

Market participants have expressed concern that Kevin Hassett, President Trump's likely nominee for the next Fed Chair, may cause problems due to the perception of politics dictating monetary policy. Elsewhere, job cuts rose significantly year over year for the month of November as the labor market continues to weaken. Support the Channel on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Patreon ⁠⁠⁠⁠⁠...

Brian Curtis Raymond was recently indicted for illegally smuggling Nvidia GPUs into China in violation of US export controls using his company Bitworks.io. Since then companies like Corvex AI, which recently named him as their CTO, have hired crisis managers to distance themselves from him. I backtracked Raymond's footprints from the last few years even as the people who hired him have been tr...

ADP Private Payrolls showed that the US economy lost 32 thousand private sector jobs in November. Meanwhile the SEC has issued a letter to multiple ETF issuers warning that dozens of highly levered ETF applications would be rejected due to violations of Value-At-Risk requirements. This comes uninformed retail investors pile into these risky bets with little understanding of what they're actual...

10 Road Trucking, the largest hauler of US mail, has announced they are shutting down operations at the end of January, taking with them thousands of employees and trucks. Elsewhere, a front runner has emerged as the most likely candidate to lead the Federal Reserve when Jerome Powell's term expires. He is an uber-dove naturally. Support the Channel on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Patre...

They're having a 2 for 1 special in the AI Bubble today with Nvidia and OpenAI both announcing circular deals with their own customers/investor just minutes apart on the same day. OpenAI is buying $2 billion worth of stock in Synopsis and OpenAI is investing in it's own investor by buying a stake in Thrive Holdings, which just happens to be run by President Trumps Son-in-Law's little b...