It’s not even close. The biggest story of the year happened earlier this week when the news was announced that nuclear fusion was achieved in a laboratory with more energy coming out than going in. Note: Image generated by OpenAI…more on that laterA quick primer on nuclear fusion: Nuclear fusion is a process in which atomic nuclei combine to… Read More »
Here’s a short list of crypto firms that went belly up this year: FTX, $10 billion lost Celsius, $2.8 billion net liabilities Voyageur, between $1 and $10 billion (!) Blockfi, between $1 and $10 billion (obviously accounting is not a strong suit with these guys). Okay, let’s state the obvious. The losses are shocking. But the losses are… Read More »
This picture says it all. Note the wall of green: These rankings are drawn from Uniswap’s new search engine for NFT, called Genie. I’ve been playing with it the last few days. No, I haven’t figured out to profit from NFTs yet. In the past, I’ve managed to lose money on NFTs, or at the very least, I haven’t… Read More »
The big grandaddy in crypto is Digital Currency Group. They own a big chunk of Coinbase, Coindesk and have a huge stake in Grayscale Bitcoin Trust ( OTCMKTS-GBTC). They also own Genesis Capital Corp, a prime brokerage for institutional crypto investors in the US, and that’s a problem. About 10 days ago, Genesis blocked customers from withdrawals and… Read More »
You can’t buy physical silver for love or money or unless you want to pay nearly double over the supposed market price. As Peter Krauth of Silver Stock Investor notes in his weekly email: “the tightness in physical silver markets has only worsened. Incredibly, one-ounce American Silver Eagle coins are now selling at 100% premiums over the spot price! That… Read More »
1931, 1972,2001,2008, 2022.. I’ve lost count of how many charts I’ve looked at this year that compare the stock indices of 2022 with 1931 (or 1972, or 2008…) I get it. We are in a bear market. And we are waiting for the crash. But how do we know when the train has really fallen off tracks and over the cliff?… Read More »
