Idaho Reporter » Investments
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Idaho Reporter » Investments
3y ago
The 2019-2021 gold chart is disturbingly similar to that of 2010-2012, but it does not have to be the harbinger of a bear market. Many ancient cultures saw history as cyclical. According to this view, society passes through repeated cycles. Can this apply to gold as well? I’m not referring here to the simple fact ..read more
Idaho Reporter » Investments
3y ago
Gold remains inert to President Biden’s large and hazardous economic plan, and ended up dropping below $1,700. President Joe Biden’s $1.9 trillion COVID-19 stimulus is coming! On Saturday, the U.S. Senate passed the American Rescue Plan on a party-line 50-49 vote. This means that after the House’s vote on Tuesday, Biden could sign the bill ..read more
Idaho Reporter » Investments
3y ago
Chamath Palihapitiya has had a roller-coaster 2021 so far, undergoing wild swings in his wealth, rooting against hedge funds, declaring his intention to run for Governor of California, and all this while positioning himself as the man of people. But as the time goes by, the same people he is defending in his Twitter rants ..read more
Idaho Reporter » Investments
3y ago
According to Bloomberg, Lucid Motors Inc. is nearing a deal with Churchill Capital Corp IV, and deal should be announced Tuesday (February 23). Even though negotiations are ongoing it is said that the combined entity will be valued at $15B. Damn, the manipulation knife on a Friday in order to scoop up cheaper shares before ..read more
Idaho Reporter » Investments
3y ago
Bank of America Corp (NYSE: BAC) this week disclosed a new position in Churchill Capital Corp (NYSE:CCIV) adding to their already big stake in CCIV stock at a time when the rumor surrounding the Lucid merger is the only fuel lifting the shares up. A Securities and Exchange Commission filing showed BofA bought 213,000 shares ..read more
Idaho Reporter » Investments
3y ago
Tesla (NASDAQ:TSLA) announced it will begin accepting bitcoin as a form of payment for otheir products in the near future. The EV company declared they updated their investment policy in January 2021,to provide the company with “more flexibility to further diversify and maximize returns on our cash that is not required to maintain adequate operating ..read more
Idaho Reporter » Investments
3y ago
If you missed GME short squeeze, the one that everyone is talking about now, the same one I told you about when GME stock was $11, well you might get another chance with Silver price these days. There’s a lot of rumor on WSB subreddit, DDs, innuendo, chitchat on Twitter and private forums about the ..read more
Idaho Reporter » Investments
3y ago
It’s a big decrease from June, when BlackRock reported owning more that 11 million of the Gamestop’s shares. BlackRock Inc. trimmed its holdings in Gamestop, Inc. (NYSE:GME) by 18.23% during the 4th quarter, according to the company in its most recent Form 13G/A filing with the SEC. The firm now owns 9,217,335 shares of GME ..read more
Idaho Reporter » Investments
3y ago
Sunlight Financial LLC will go public via a merger with Spartan Acquisition Corp. II (NYSE: SPRQ) , a special purpose acquisition company. The deal values new entity at $1.3 billion and includes up to $*.* billion in cash proceeds, $*** million of which will be provided through a Palihapitiya-led private investment in the public entity. The ..read more
Idaho Reporter » Investments
3y ago
PSTH stock has been trending during the month of December thanks to rumors that Bill Ackman’s SPAC could be taking Stripe public. This dream was demolished by Stripe CEO on Twitter when he said:”No such deal.” Fast forward January 21st and we have another investor heavyweight, Chamath Palihapitiya, best known as SPAC King, offering his ..read more