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How Redditors Exposed The Stock Market- The Problem
The Problem With Jon Stewart
When a bunch of Redditors combined forces to drive up the price of GameStop stock, it exposed a fundamental problem with the stock market. The Problem With The Stock Market, now streaming on Apple TV+, delves into what really happens when you buy a stock, how giant corporations skim money off of your investments, and how Redditors used Gamestop stock to expose the system.
Metals Miners Bond Edition Sunday Night Charts_Poetry_in_Motion
With Steven the Bond King
Whaaat !!!
The Charts are Mega Bullish!
Something Big Is Happening $100 Silver Is Coming!! - Keith Neumeyer | Silver Price Manipulation
Acrylic Fluid Art Auction 3/5/2022 8PM EST
We're checking out this fluid art auction today
Well see how it goes
Hope you're having a good weekend
What is Fluid art
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Acrylic Fluid painting Tutorial using blow dryer Galaxy colors dutch pour
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Preview For Live Auction on March 5th 2022 @ 8:00 PM EST
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Darnell Shoemaker Art Live Auction! 3/5/22 8PM EST
Hacker Group Anonymous Declares 'Cyber War' On Putin's Russia
Top Junior Miner Movers & Shakers
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courtesy M+M board
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Mining & Metals Top Juniors Movers & News___Makers
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Good evening and Welcome to ~*~Mining & Metals Du Jour~*~
with MMGYS Sound Tracks by J:D
DD & tickers not included
MARKET ACTIVITY
TSX -5.23 (0.02%) 21,250.41
TSX Venture -5.66 (0.66%) 849.30
ASX 200 -70.80 (0.99%) 7,091.20
S&P 500 -23.05 (0.53%) 4,363.49
NYSE Gold Bugs +3.17 (1.09%) 294.97
VanEck Jr Miners +0.21 (0.47%) 45.36
Sprott Junior Miners +0.14 (0.34%) 41.83
COMMODITY PRICES
Gold (US$/oz) +5.70 (0.29%) 1,942.95
Silver (US$/oz) +0.06 (0.24%) 25.27
Copper (US$/lb) +0.05 (1.05%) 4.83
Platinum (US$/oz) +8.30 (0.77%) 1,090.00
Palladium (US$/oz) +15.48 (0.56%) 2,778.00
MINING MOVERS
Company Change% Last Trade
Franco-Nevada 3.49 1.83 $194.46
First Quantum Minerals 1.73 4.71 $38.45
Ero Copper 1.32 7.24 $19.56
Altius Minerals 1.17 5.24 $23.51
Newcrest Mining 0.68 2.89 $24.18
Eloro Resources 0.66 14.10 $5.34
Wheaton Precious Metals 0.58 1.01 $57.79
Artemis Gold 0.57 8.53 $7.25
Agnico Eagle Mines 0.46 0.69 $66.96
Aura Minerals 0.42 3.63 $12.00
Arizona Metals 0.42 6.43 $6.95
Capstone Mining 0.40 5.87 $7.22
North Peak Resources 0.38 9.05 $4.58
Sandstorm Gold Royalties 0.36 3.82 $9.79
Los Andes Copper 0.34 2.06 $16.84
HIGH VOLUME
Company Volume Last Trade
Uranium Energy 14,611,847 $4.21
Kinross Gold 9,414,760 $6.70
B2Gold 5,429,055 $5.33
Fission Uranium 4,012,894 $0.91
Denison Mines 3,944,730 $1.92
Capstone Mining 3,842,280 $7.22
OceanaGold 3,506,553 $2.64
Azincourt Energy 3,349,546 $0.08
Yamana Gold 2,938,645 $6.53
Reunion Gold 2,548,819 $0.26
NexGen Energy 2,519,774 $6.78
Ivanhoe Mines 2,418,310 $12.42
First Quantum Minerals 2,411,227 $38.45
Cameco 2,087,471 $31.12
Sherritt International 1,904,060 $0.67
# DRILL RESULTS
Golden Minerals Drills 2.6m Grading 7.14 g/t Au and 2,058 g/t Ag at Yoquivo
Summa Silver's First Drill Results from Mogollon Return 11.6 m of 450 g/t Silver...
Defense Metals Corp. Drills Highest Grade To Date At Wicheeda With 6.01% Total Rare...
Sassy Resources Significantly Expands Westmore High-Grade Gold-Silver Discovery in...
Consolidated Woodjam Copper Announces Deerhorn Zone 2021 Drill Results: Hole DH21-77...
# DRILLING UPDATES
Collective Mining Drills Broad Zones of Mineralization at Olympus, Assay Results Expected...
Bell Copper Keeps Drilling Copper in Porphyry at Big Sandy
Cabral Gold Adds Fifth Drill Rig at the Cuiú Cuiú Gold District
Victory Resources Advances Smokey Lithium Drilling Program
Sierra Madre Gold and Silver Ltd. Adds Second Drill Rig at the Tepic Project, Nayarit,...
Alpha Exploration Finds Massive Sulphide Mineralization in 2 Drill Holes at Tolegimja...
Benz Mining: Sulphide and Quartz Veining Identified by Drilling EM Conductors at Placer...
# DRILLING COMMENCED
Forum Energy Metals Commences Drilling at Wollaston Uranium Project, Athabasca Basin,...
Vior Begins Phase II Drill Program at Belleterre Gold Project
Riverside Resources Initiates 1,500M Drill Program at Its 100% Owned Oakes Project in the...
Sable Resources Initiates Drilling of the Pyros Porphyry Target within the El Fierro...
Sassy Resources Commences Diamond Drilling at Highrock Uranium Project in Saskatchewan
EARNINGS / PRODUCTION RESULTS
Aris Gold Announces 2021 Financial and Operating Results
Turquoise Hill Resources announces financial results and review of operations for 2021
Great Panther Mining Reports Fiscal Year 2021 Financial Results and Reiterates Positive...
Argonaut Gold Announces Record Annual Production of 244,156 Gold Equivalent Ounces,...
McEwen Mining Reports 2021 Year End and Q4 Results
Fortitude Gold Reports 2021 Record Gold Production, $0.75 Net Income Per Share And $40...
Mineros Reports 2021 Year-End and Fourth Quarter Financial and Operational Results
# PROJECT ACQUISITIONS
Galleon Gold Acquires Additional Ground in Timmins Camp - West Cache Land Position...
Brascan Gold Enters into Option Agreements to Acquire Mountain Pond, Birchy Lake and...
BCM Resources Increases Land Position at Its TK Porphyry Cu-Au-Mo Project
Bunker Hill Mining Announces Purchase of Strategic Land Package
Brunswick Exploration Expands Into Lithium Exploration With District Scale Land...
# SAMPLING RESULTS
Happy Creek Minerals Defines Large Copper-Moly Targets at Highland Valley and Completes...
West Mining Chip Samples 0.31% Copper Over 18 Metres Kena Gold-Copper Project, BC
Silver Range Resources Ltd. Samples High Grade Gold and Silver at the Bellehelen...
Viscount Mining Corp. Samples 76.9 g/t Gold and 2580 g/t Silver at the New...
Fabled Copper Samples High Grade on the Keays South Occurrence With 28.30% Copper
FEASIBILITY / PEA / MRE
Canadian Palladium Resources Announces Updated Mineral Resource Estimate for East Bull...
Frontier Lithium successfully converts Inferred Resource to 14 million tonnes of...
O3 Mining Increases M&I Open-Pit Resource by 29% for Marban Engineering
Vizsla Silver Restates Maiden Resource Estimate for Panuco Silver-Gold Project
Vizsla Silver Announces Maiden Resource Estimate For Panuco Silver-Gold Project
Ivanhoe Mines Announces Exceptional Results of Independent 2022 Feasibility Study for...
Foran Mining Announces McIlvenna Bay Initial Phase Feasibility Study Results Outlining...
MERGERS / ACQUISITIONS
Perseus Mining Limited Enters into Agreement to Acquire Orca Gold Inc.
Final Regulatory Approval Received for Newcrest Mining Acquisition of Pretium Resources
Kinross Gold completes acquisition of Great Bear Resources
Great Bear Resources Obtains Final Order for Plan of Arrangement from the Supreme Court...
Premium Nickel Resources and North American Nickel Sign Non-Binding LOI for Reverse...
$ FINANCINGS
Blackrock Silver Closes C$5.0 Million Private Placement with Eric Sprott
Argonaut Gold Announces Closing of C$51.8 Million "Bought Deal" Private Placement, Including...
Cassiar Gold Announces Upsizing of Bought Deal Public Offering to C$10.0 Million
Nevada Silver Corporation Announces $7 Million Brokered Private Placement
Benton Resources Announces Non-Brokered $2.4 Million Financing with Investment by Eric Sprott
NEW / DUAL LISTINGS
Labrador Uranium to Commence Trading on CSE on Thursday, March 3, 2022
NexGen Energy Announces Uplisting on the New York Stock Exchange
Kingsview Minerals Begins Trading on the CSE Trading Symbol KVM
Monumental Minerals Corp. Lists On Frankfurt Exchange
Kingsview Minerals to Begin Trading on the CSE on February 24, 2022 Trading Symbol: KVM
BOARD / MANAGEMENT CHANGES
SSR Mining Appoints Leigh Ann Fisher to Board of Directors
International Battery Metals Announces Restructuring of Board of Directors and Executive...
Traction Uranium Announces Management Change; Appoints Lester Esteban as Director and CEO
Reunion Gold Appoints Pierre Chenard to Its Board of Directors and Grants Stock Options
Goldplay Mining Strengthens Technical Team With Appointment of Highly Experienced Senior...
DRILL PERMITS / TARGETS
Sitka Gold Receives Drill Permit Amendment at its Alpha Gold Property in Nevada
DLP Resources Announces Exploration Update and Proposed Extension of Warrants
Xali Gold Provides Update on Drill Permits at El Oro, Mexico
Labrador Gold Receives Drill Permit for Golden Glove and Mobilizes Fifth Drill Rig
Cross River Ventures Announces Drill Mobilization at the McVicar Gold Project, NW...
$ STRATEGIC INVESTORS
Blackrock Silver Closes C$5.0 Million Private Placement with Eric Sprott
Benton Resources Announces Non-Brokered $2.4 Million Financing with Investment by Eric Sprott
Golden Tag Resources Completes $3,250,000 Non-Brokered Private Placement, Eric Sprott...
Blackrock Silver Announces C$5.0 Million Private Placement with Eric Sprott
Clean Air Metals Announces Closing of $12.5 Million Private Placement on Strong Institutional...
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Palladium Price Analysis: XPD/USD renews weekly top around $2,650, rising channel eyed
NEWS | 3/3/2022 6:42:33 AM GMT | By Anil Panchal
Palladium prints four-day uptrend inside a nine-week-old ascending trend channel.
Overbought RSI tests buyers but upside momentum remains intact beyond $2,280-70.
Palladium (XPD/USD) remains on the front foot around $2,647, up 0.25% intraday during the four-day winning streak ahead of Thursday’s European session.
The precious metal not only renews weekly top but also stays near to the highest levels marked since late July, pinned the previous week.
The upside momentum justifies bullish MACD signals inside an upward sloping trend channel from late December 2021. However, the overbought RSI line hints at a pullback.
That said, June 2021 low near $2,460 may lure the short-term sellers but the support line of the stated channel, around $2,400, will challenge the quote’s further downside,
Even if the quote drops below $2,400, a convergence of the previous resistance line from early 2021 and an 11-week-old rising support line, near $2,280-70 will be a tough nut to crack for the palladium bulls afterward.
Meanwhile, the XPD/USD’s further upside will aim for the stated channel’s resistance line, near $2,800 at the latest, before challenging the July 2021 peak of 2,882.
Palladium: Daily chart
Trend: Bullish
Additional important levels
Overview
Today last price 2647.19
Today Daily Change 5.83
Today Daily Change % 0.22%
Today daily open 2641.36
Trends
Daily SMA20 2362.29
Daily SMA50 2201.24
Daily SMA100 2042.84
Daily SMA200 2152.95
Levels
Previous Daily High 2644.05
Previous Daily Low 2585.65
Previous Weekly High 2706.5
Previous Weekly Low 2313.91
Previous Monthly High 2706.5
Previous Monthly Low 2193.25
Daily Fibonacci 38.2% 2621.74
Daily Fibonacci 61.8% 2607.96
Daily Pivot Point S1 2603.32
Daily Pivot Point S2 2565.29
Daily Pivot Point S3 2544.92
Daily Pivot Point R1 2661.72
Daily Pivot Point R2 2682.09
Daily Pivot Point R3 2720.12
https://www.fxstreet.com/news/palladium-price-analysis-xpd-usd-renews-weekly-top-around-2-650-rising-channel-eyed-202203030642
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Please remember No Politics ,Conspiracies and Hyperbole
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Todays Treats
Eric Clapton - My Father's Eyes (Official Music Video) | Warner Vault
Thought of the Day
Today’s thought…
March 03, 2022:
"in true commerce, as in true preaching, or true fighting, it is necessary to admit the idea of occasional voluntary loss; -- that sixpences have to be lost, as well as lives, under a sense of duty; that the market may have its martyrdoms as well as the pulpit; and trade its heroisms as well as war."
----John Ruskin, Unto This Last (George Allen, London, 1906), p. 30.
This Day in Financial History
Learn what happened in business in today’s past
March 03:
1933: Amid wildly divergent predictions about incoming President Franklin D. Roosevelt, who will be inaugurated the following day, the Dow Jones Industrial Average slumps 1.9% in intraday trading before recovering to close up smartly at 53.84, a 2.5% gain for the day. By July 18, the Dow will rise to 108.67, the fastest it has ever doubled in history.
John Brooks, Once in Golconda: A True Drama of Wall Street, 1920-1938 (Harper & Row, New York, 1969), pp. 149-150; Phyllis S. Pierce, ed., The Dow Jones Averages 1885-1980 (DowJones Irwin, Homewood, IL, 1982), not paginated; averages.dowjones.com
1928: The Harvard Economic Society concludes, after studying statistics on business activity and the financial markets, that "intermediate declines in the stock market will not develop into such major movements as forecast business depression." A year-and-a-half later, the stock market crashes, setting off the Great Depression.
Frederick Lewis Allen, Only Yesterday: An Informal History of the 1920s (John Wiley & Sons, New York, 1997, reprint of 1931 ed.), p. 220.
1901: J.P. Morgan announces that he is organizing the largest corporation the world has yet seen by merging his Federal Steel conglomerate with Andrew Carnegie's Carnegie Co. The company is initially capitalized at $1.4 billion -- the first billion-dollar company ever -- four times the budget of the U.S. government and 7% of the gross national product. In a popular joke of the day, a schoolboy is asked about the history of the world. "God created the world in 4004 B.C.," he answers, "and it was reorganized by J.P. Morgan in 1901."
Jean Strouse, Morgan: American Financier (Random House, New York, 1999), p. 404; John Steele Gordon, "The Business of America," American Heritage, June, 2001, p. 22.
1882: In Lugo, Italy, outside of Bologna, Carlo Pietro Giovanni Guglielmo Tebaldo Ponzi is born. In 1903 he emigrates to Boston, renaming himself Charles Ponzi, and creates a financial phenomenon -- promising to double investors' money every three months by speculating in foreign postage stamps to benefit from fluctuations in currency rates. Bostonians lose over $10 million on the scheme, and Ponzi's name becomes synonymous with any con game that pays new investors out of the money that belongs to the old ones.
Mitchell Zuckoff, Ponzi: The Man and His Legendary Scheme (Random House, New York, 2004), pp. 19-20.
1847: Alexander Graham Bell, father of the telephone, is born in Edinburgh, Scotland, to Alexander Melville Bell, a professor of speech and elocution, and Eliza Symonds Bell, a painter of miniature portraits.
Robert V. Bruce, Bell: Alexander Graham Bell and the Conquest of Solitude (Cornell University Press, Ithaca, NY, 1990), p. 16; http://lcweb2.loc.gov/ammem/bellhtml/bellhome.html
Have a great evening
tags , Junior mining network,JasonZweig,Fx street
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Largest blue diamond set to fetch US$48 million at Sotheby’s Hong Kong auction
LIVE AUCTIONS from London....The Now and Modern & Contemporary Evening Auctions
Catch Sotheby's....3/2/22...LIVE Art Auction....7:15AM....Here...
and "Step into Surrealism"...
Captains Quarters is proud to feature some of the best investments in the world. We aim to revolutionize investors human experience right here on IHUB.
Catch our featured auctions and information bringing the balances a rational vision of life with one that asserts the power of the unconscious and dreams.
The movement's artists find magic and strange beauty in the unexpected and the uncanny, the disregarded and the unconventional.
See,Feel and even feast on the Surrealism of the "World Best Investments" auctions.
see you at 7:15AM Tuesday morning....
J:D and Thanks....
Features:
David Hockneys Hymn to the Hills
Threatening to Collapse the Global Banking System
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PDBC Watchlist...The investment seeks long term capital appreciation. The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing in a combination of financial instruments that are economically linked to the world's most heavily traded commodities. Commodities are assets that have tangible properties, such as oil, agricultural produce or raw metals.
https://finviz.com/quote.ashx?t=PDBC
Just another day playing the stock market
CISA's SHIELDS UP Website
Every organization—large and small—must be prepared to respond to disruptive cyber activity.
https://www.cisa.gov/shields-up
Is This the Dip You've Been Waiting For?
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Floria Sigismondi on Magritte’s Masterpiece "L’Empire des Lumières"
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In the Gallery | with Samira Ahmed. . . .
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****Spectacular****. . . .Granada Gallery is a MUST SEE....
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Better than a Museum! The Tucson Gem Shows will Blow Your Mind!
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Beware of online coin auction scams
I saw a spot $22 priced silver round fetch $80 dollars the other day on a recent online coin auction.
why? Because it had a pretty design on it
Rare Coin Market Soaring But Use Caution, Advises Professional Numismatists Guild Experts
February 8, 2022
If you don’t know coins or precious metals, you’d better know your dealer
(Temecula, California) February 8, 2022 — The rare coin market in early 2022 continues to soar following a record-breaking marketplace in 2021. However, veteran dealers in the Professional Numismatists Guild (www.PNGdealers.org) urge collectors and investors to be cautious about the continuing proliferation of fraudulent, online advertisements selling counterfeit coins and fake gold, silver, and platinum bullion items or grossly overpriced genuine gold and silver coins.
“Last year, a record 22 U.S. coins sold at auction for $1 million or more and hundreds of other historic coins and banknotes priced from $1,000 and up set new records when more than $551 million of U.S. rare coins were sold at major public auctions,” said PNG President Richard Weaver. “The market boom continues as during the first month of 2022, there were reports of nearly $70 million of U.S. coins already sold at major auctions in January.”
Weaver cautions consumers and investors that social media platforms have become the predominant choice of counterfeit coins and bullion market fraudsters.
“In addition to outright fakes, some unscrupulous sellers offer illegal ‘replicas’ of historic coins that are not marked ‘COPY’ as required by federal law. The Anti-Counterfeiting Educational Foundation (www.ACEFonline.org) estimates the cost to unsuspecting victims is in the millions of dollars in lost investments,” he stated.
According to the Foundation’s Director of Anti-Counterfeiting, former Texas Police Chief Doug Davis, in one recent case, an unwary buyer unsuspectingly purchased $27,000 of counterfeit one-ounce “silver” coins from a pop-up ad that appeared on Facebook.
There are red flags to help identify suspected bad actors (https://acefonline.org/anatomy-of-fraudulent-facebook-pop-up-ads).
First, beware of offers too good to be true, such as prices well under the actual market value for genuine items. For example, one advertiser offered Morgan silver dollars (struck between 1878 and 1921) for only $8 per “coin,” but genuine examples of these types of popular U.S. silver dollars each contain about $17 worth of silver, and most have a higher numismatic/collector value.
The Commodities Futures Trading Commission and more than two dozen individual states recently filed a lawsuit against a California company alleging the firm “fraudulently solicited approximately $68 million from more than 450 members of the public to purchase precious metals” and that “customers significantly overpaid for silver coins,” according to the complaint filed in federal court. The defendants named in the lawsuit are not members of the Professional Numismatists Guild.
“Remember, if you don’t know rare coins or precious metals, you’d better know your dealer,” Weaver emphasized.
Members of the Professional Numismatists Guild and their Accredited Precious Metals Dealers program (www.APMDdealers.org) must adhere to a strict code of ethics in the buying and selling of numismatic and bullion merchandise. For a list of member-dealers, visit www.PNGdealers.org or call PNG headquarters in Temecula, California at (951) 587-8300.
https://acefonline.org/rare-coin-market-soaring-but-use-caution-advises-professional-numismatists-guild-experts/
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Best News of the Day. . . .
FCC Proposes $45 Million Fine Against Robocalling Telemarketer
Full Title: FCC Proposes $45 Million Fine Against Robocaller For Making Pre-Recorded Calls Without Consent
Document Type(s): News Release
Bureau(s): Enforcement, Media Relations
Description:
Telemarketer Apparently Made Hundreds of Thousands of Calls with False Claims about the Pandemic to Induce People to Purchase Health Insurance
https://www.fcc.gov/document/fcc-proposes-45-million-fine-against-robocalling-telemarketer
Doghouse Struck by Meteorite May Sell for Massive Sum at Auction
February 17, 2022
Doghouse Struck by Meteorite May Sell for Massive Sum at Auction
By Tim Binnall
What may be the only doghouse ever to be struck by a meteorite is up for auction and the unique object could wind up selling for a staggering price. The small structure found its way into space history back in April of 2019 when a meteorite shower unfolded over the city of Aguas Zarcas, Costa Rica. In the aftermath of the event, it was discovered that one of the sizeable space rocks had pierced the oxidized tin roof of a doghouse and nearly hit the napping canine, named Roky, who was resting inside at the time.
As seen in the video below, when the incident occurred, the meteorite at the center of the case garnered considerable attention as its clay-rich nature made it a particularly intriguing specimen to scientists. The fact that it plunged through the roof of a doghouse was treated as something of an amusing aside as the space rock eventually made its way to a museum to be studied and Roky's home was seemingly forgotten. However, a auction organized by Christie's may see something of a reversal of fortune as the doghouse is now expected to fetch far more than the meteorite that made it famous.
The online sale, dubbed 'Deep Impact: Martian, Lunar and Other Rare Meteorites,' features an array of noteworthy space rocks that have plunged to the Earth over the years and one item that stands out among the rest: the shelter that Roky once called home. Known as the Aguas Zarcas Doghouse, the structure measures approximately four cubic feet and boasts the original roof, complete with a seven-inch diameter hole, that was pierced by the meteorite. Emblazoned over the entrance to the home is an 'R' for its famous canine resident.
Amazingly, the auction house estimates that the doghouse could sell for a staggering $200,000 to $300,000, which is enough to buy an actual residence in many places across America. An explanation for this high valuation may be that there seems to be something of a strange market for everyday objects that were hit by meteorites with a mailbox fetching $86,000 in 2017 and a car selling for a whopping $230,000 in 2010. As for the space rock that struck Roky's house, that is expected to sell for a 'mere' $40,000 to $60,000.
Celebrated Works from the Macklowe Collection to be Offered in May
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This Day in Financial History. . . .
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Learn what happened in business in today’s past
February 17:
2000: Total trading volume for the day on NASDAQ tops 2 billion shares for the first time, as 2,008,438,100 shares change hands and the NASDAQ Composite Index closes above 4500 for the first time, finishing the day at 4548.92.
www.nasdaq.com http://quotes.nasdaq.com/aspx/StatisticalMilestones.aspx
1874: Thomas J. Watson is born in Campbell, NY. After working as a bookkeeper, an itinerant peddler of musical instruments, and a salesman for NCR, he becomes the dynamic head of IBM who helps computerize the modern world. His famous motto, "THINK," is shortened from his favorite remark, " 'I didn't think' has cost the world millions of dollars."
http://www-03.ibm.com/ibm/history/exhibits/chairmen/chairmen_3.html
1753: The earliest known description of an electrical telegraph, entitled "An expeditious method for conveying intelligence," is published in Scots' Magazine. The author, identified only as "C.M." from the Scottish town of Renfrew, proposes a series of 24 wires, each attached to a small copper ball that will activate a letter of the alphabet at the other end of the wire when an electric current is transmitted. C.M. seems to suggest in his (her?) letter that the system has already been tested experimentally, but nothing more is known of its fate.
http://vvv.it.kth.se/docs/early_net/ch-2-5.8.htmlhttp://www.worldwideschool.org/library/books/tech/engineering/HeroesoftheTelegraph/chap1.htmlhttp://www.deas.harvard.edu/~jones/history/comm_chron1.html
This Night in Rock History. . . .
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1980 "Fool In The Rain" by Led Zeppelin peaks at Number 21 on the pop chart.
This Day in Financial History. . . .
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Learn what happened in business in today’s past
February 16:
1990: Cisco Systems, Inc. goes public on NASDAQ, selling 2.8 million shares at an initial offering price of $18 per share. By the end of the decade the stock has increased in value by more than 30,000%.
Corporate communications department, Cisco Systems.
1822: Francis Galton is born near Sparkbrook, England. After studying medicine, exploring Africa and obsessively measuring everything he can find, he develops the statistical concept of "reversion to the mean," or the inevitable tendency of above-average results to be followed by below-average results (and vice versa). If investors understood nothing but this one concept, they would make (and keep) a lot more money.
Peter L. Bernstein, Against the Gods: The Remarkable Story of Risk (John Wiley & Sons, NY, 1996), pp. 152-168; http://en.wikipedia.org/wiki/Galton
Step into Gorgeous......Gem Showcase. . . .
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Tucson Gem & Mineral Show ends today
Thousands of people returned to Southern Arizona for Gem, Fossil & Mineral Showcase that attracts national and international crowds.
It was good to see the show return this year after many people cancelled or postponed their travel plans in 2021 due to coronavirus concerns.
In case you missed it - here is an up close look at some of the beautiful gems that are on display
come with me now and step into Gorgeous......
Tucson Gem and Mineral Show
Monet | The Father of Impressionism
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Buy the Dip or Sell the Rip?. . . .
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Sunday nite charts equity edition
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Herkimer Diamonds with Just Herks Tucson Gem Show 2022
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National Terrorism Advisory System - Bulletin - www.dhs.gov/advisories
Date Issued: February 07, 2022 02:00 pm ET
View as PDF: National Terrorism Advisory System Bulletin -
February 07, 2022 02:00 pm (pdf, 2 pages, 1.86 MB)
Summary of Terrorism Threat to the U.S. Homeland
The United States remains in a heightened threat environment fueled by several factors, including an online environment filled with false or misleading narratives and conspiracy theories, and other forms of mis- dis- and mal-information (MDM) introduced and/or amplified by foreign and domestic threat actors. These threat actors seek to exacerbate societal friction to sow discord and undermine public trust in government institutions to encourage unrest, which could potentially inspire acts of violence. Mass casualty attacks and other acts of targeted violence conducted by lone offenders and small groups acting in furtherance of ideological beliefs and/or personal grievances pose an ongoing threat to the nation. While the conditions underlying the heightened threat landscape have not significantly changed over the last year, the convergence of the following factors has increased the volatility, unpredictability, and complexity of the threat environment: (1) the proliferation of false or misleading narratives, which sow discord or undermine public trust in U.S. government institutions; (2) continued calls for violence directed at U.S. critical infrastructure; soft targets and mass gatherings; faith-based institutions, such as churches, synagogues, and mosques; institutions of higher education; racial and religious minorities; government facilities and personnel, including law enforcement and the military; the media; and perceived ideological opponents; and (3) calls by foreign terrorist organizations for attacks on the United States based on recent events.
Duration
Issued: February 07, 2022 02:00 pm
Expires: June 07, 2022 02:00 pm
Additional Details
The primary terrorism-related threat to the United States continues to stem from lone offenders or small cells of individuals who are motivated by a range of foreign and/or domestic grievances often cultivated through the consumption of certain online content. The convergence of violent extremist ideologies, false or misleading narratives, and conspiracy theories have and will continue to contribute to a heightened threat of violence in the United States.
Key factors contributing to the current heightened threat environment include:
The proliferation of false or misleading narratives, which sow discord or undermine public trust in U.S. government institutions:
For example, there is widespread online proliferation of false or misleading narratives regarding unsubstantiated widespread election fraud and COVID-19. Grievances associated with these themes inspired violent extremist attacks during 2021.
Malign foreign powers have and continue to amplify these false or misleading narratives in efforts to damage the United States.
Continued calls for violence directed at U.S. critical infrastructure; soft targets and mass gatherings; faith-based institutions, such as churches, synagogues, and mosques; institutions of higher education; racial and religious minorities; government facilities and personnel, including law enforcement and the military; the media; and perceived ideological opponents:
Foreign terrorist organizations and domestic threat actors continue to amplify pre-existing false or misleading narratives online to sow discord and undermine public trust in government institutions. Some of these actors do so to encourage unrest, which could lead to acts of violence against the facilities, individuals, institutions, and organizations cited above.
Violent extremists inspired by a range of grievances and ideologies continue to target crowded venues traditionally perceived to be soft targets, such as commercial and publicly accessible facilities, public gatherings, certain government and state facilities, and houses of worship.
The recent attack on a synagogue in Colleyville, Texas highlights the continuing threat of violence based upon racial or religious motivations, as well as threats against faith-based organizations.
Threats directed at Historically Black Colleges and Universities (HBCUs) and other colleges and universities, Jewish facilities, and churches cause concern and may inspire extremist threat actors to mobilize to violence.
As COVID-19 restrictions continue to decrease nationwide, increased access to commercial and government facilities and the rising number of mass gatherings could provide increased opportunities for individuals looking to commit acts of violence to do so, often with little or no warning. Meanwhile, COVID-19 mitigation measures—particularly COVID-19 vaccine and mask mandates—have been used by domestic violent extremists to justify violence since 2020 and could continue to inspire these extremists to target government, healthcare, and academic institutions that they associate with those measures.
Domestic violent extremists have also viewed attacks against U.S. critical infrastructure as a means to create chaos and advance ideological goals, and have recently aspired to disrupt U.S. electric and communications critical infrastructure, including by spreading false or misleading narratives about 5G cellular technology.
Some domestic violent extremists have continued to advocate for violence in response to false or misleading narratives about unsubstantiated election fraud. The months preceding the upcoming 2022 midterm elections could provide additional opportunities for these extremists and other individuals to call for violence directed at democratic institutions, political candidates, party offices, election events, and election workers.
A small number of threat actors are attempting to use the evacuation and resettlement of Afghan nationals following the U.S. military withdrawal from Afghanistan last year as a means to exacerbate long-standing grievances and justify attacks against immigrants.
Calls by foreign terrorist organizations for attacks on the United States based on recent events:
Foreign terrorist organizations will likely continue to maintain a highly visible online presence to attempt to inspire U.S.-based individuals to engage in violent activity.
Supporters of foreign terrorist organizations have encouraged copycat attacks following the January 15, 2022 attack on a synagogue in Colleyville, Texas.
Foreign terrorists remain intent on targeting the United States and U.S. persons, and may seek to capitalize on the evolving security environment overseas to plot attacks. The Islamic State of Iraq and ash-Sham (ISIS) or its affiliates may issue public calls for retaliation due to the strike that recently killed ISIS leader Abu Ibrahim al-Hashimi al-Qurayshi.
How We Are Responding
DHS and the Federal Bureau of Investigation (FBI) continue to share timely and actionable information and intelligence with the broadest audience possible. This includes sharing information and intelligence with our partners across every level of government and in the private sector. We conduct recurring threat briefings with private sector and state, local, tribal, territorial, and campus partners, including to inform security planning efforts. DHS remains committed to working with our partners to identify and prevent all forms of terrorism and targeted violence, and to support law enforcement efforts to keep our communities safe.
DHS’s Office of Intelligence and Analysis established a new, dedicated domestic terrorism branch to produce the sound, timely intelligence needed to counter related threats. The Department expanded its evaluation of online activity as part of its efforts to assess and prevent acts of violence, while ensuring the protection of privacy, civil rights, and civil liberties.
DHS’s Center for Prevention Programs and Partnerships (CP3) provides communities with resources and tools to help prevent individuals from radicalizing to violence. In 2021, CP3 awarded about $20 million in grants through its Targeted Violence and Terrorism Prevention Grant Program. CP3 also partners with local communities to raise awareness about how to prevent violence.
In 2021, DHS designated domestic violent extremism as a “National Priority Area” within its Homeland Security Grant Program HSGP), resulting in at least $77 million being spent on preventing, preparing for, protecting against, and responding to related threats.
In 2021, DHS’s Nonprofit Security Grant Program (NSGP) provided $180 million in funding to support target hardening and other physical security enhancements to non-profit organizations at high risk of terrorist attack.
DHS is working with public and private sector partners, as well as foreign counterparts, to identify and evaluate MDM, including false or misleading narratives and conspiracy theories spread on social media and other online platforms that endorse or could inspire violence.
DHS’s Cybersecurity and Infrastructure Security Agency (CISA) works with public and private sector partners – including U.S. critical infrastructure owners and operators – to mitigate risk against our cyber and physical infrastructure and increase nationwide cybersecurity resilience.
How You Can Help
Stay Informed and Prepared
Be prepared for emergency situations and remain aware of circumstances that may place you at risk. Make note of your surroundings and the nearest security personnel.
Keep yourself safe online and maintain digital and media literacy to recognize and build resilience to false or misleading narratives.
Review DHS resources for how to better protect businesses, houses of worship, and schools, and ensure the safety of public gatherings.
Prepare for potential active shooter incidents, as well as efforts to prevent, protect against, respond to, and mitigate the use of explosives.
Learn more about community-based resources to help prevent individuals from radicalizing to violence.
Report Potential Threats
Listen to local authorities and public safety officials.
If You See Something, Say Something®. Report suspicious activity and threats of violence, including online threats, to local law enforcement, FBI Field Offices, or your local Fusion Center. Call 911 in case of emergency.
If you know someone who is struggling with mental health issues or may pose a danger to themselves or others, seek help.
If You See Something, Say Something®. Report suspicious activity to local law enforcement or call 911.
The National Terrorism Advisory System provides Americans with alert information on homeland security threats. It is distributed by the Department of Homeland Security. More information is available at: www.dhs.gov/advisories. To receive mobile updates: twitter.com/dhsgov
If You See Something Say Something® used with permission of the NY Metropolitan Transportation Authority.
https://www.dhs.gov/ntas/advisory/national-terrorism-advisory-system-bulletin-february-07-2022
This Night in Rock History. . . .
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1975 - Bob Dylan
Bob Dylan went to No.1 on the US chart with his 15th studio album Blood On The Tracks, his second US No.1 album. The album has become one of Dylan's all-time best-selling studio releases, with a double-platinum US certification by the Recording Industry Association of America.
Bob Dylan - Tangled Up In Blue (Official Video)
This Day in Financial History. . . .
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Learn what happened in business in today’s past
February 08:
1980: The total market value of all shares on the New York Stock Exchange surpasses $1 trillion for the first time.
"Today in NYSE History," at www.nyse.com/about/TodayInNYSE.html
1977: The Vanguard Group of Investment Companies eliminates all sales charges, becoming a no-load fund family. "The funds had been losing share of market in a dealer network that was itself in shambles," explains chairman John C. Bogle.
John C. Bogle, Vanguard: The First Century (The Newcomen Society, New York, 1992), p. 19; John C. Bogle interview with Jason Zweig, July 20, 1995.
1971: After nearly a decade of preparation, the NASDAQ market opens for stock trading, as the National Association of Securities Dealers Automated Quotation system first displays the median price for more than 2,500 "over-the-counter" securities. The NASDAQ Composite Index is set at an initial value of 100.
http://www.nasdaq.com/newsroom/presskit/timeline.stm
Morning Markets. . . .
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Futures waver as investors await more earnings results, inflation data
Alexandra Semenova·Reporter
Tue, February 8, 2022, 5:13 AM·5 min read
In this article:
SPY
-0.32%
NQ=F
-0.44%
^IXIC
-0.58%
^DJI
+0.00%
ES=F
-0.21%
CL=F
-2.00%
^GSPC
-0.37%
Contracts on Wall Street’s key benchmarks traded near breakeven early Tuesday after U.S. stocks closed lower to start the week in a choppy session wrought by mixed corporate earnings and renewed Federal Reserve worries ahead of a fresh inflation report due out Thursday.
Futures on all three main indexes were flat in pre-market trading after equities extended a streak of volatility that has become the norm this year so far. In Monday's main session, the S&P 500 faltered after its best weekly rise of the year last week, while the Dow was little changed and the Nasdaq continued its sell-off as pressures in technology stocks persisted. Meanwhile, the benchmark 10-year Treasury note rose to 1.92%.
Mixed fourth quarter results from U.S. tech giants have weighed on investors already grappling with a Fed readying to tighten monetary conditions and raise interest rates as soon as next month. Stocks slid last week following a disappointing outlook from Meta Platforms (FB) and posted a sharp comeback following an earnings beat by Amazon's (AMZN). Another trove of results lies in store for investors this week from companies including Disney (DIS), Uber (UBER), Lyft (LYFT), Pfizer (PFE) and Coca-Cola (KO). Peloton (PTON) will also unveil its 2021 year-end figures amid reports that companies including Amazon and Nike (NKE) are weighing potential acquisition bids.
“The first few weeks of this year were driven much more by macro concerns — higher interest rates, pricing the Fed, inflation,” Stuart Kaiser, UBS head of equity derivatives research, told Yahoo Finance Live. “Since then, we’ve had a window of opportunity where earnings took over.”
Despite a steep sell-off in Meta, other tech companies reported strong earnings that allowed the market to recover, Kaiser added.
“Now that that’s over – about 70% of S&P companies and 80% of tech companies reported earnings – we do think the focus shifts back to the macro side of the ledger this week,” he said, adding that the European Central Bank and Bank of England are tightening monetary policy along with the Fed and a series of high inflation prints are expected in coming months. “When we put that all together, we don’t think the bumpy ride is over.”
The ??Consumer Price Index (CPI) will be closely watched on Thursday and is likely to show another multi-decade high print on inflation, a reading that could prompt the Fed to assert the more hawkish stance it has taken on. Economists expect a headline CPI print of 7.3% in January over last year, which would mark the fastest rise since 1982, according to consensus estimates compiled by Bloomberg.
Bank of America said in a note out Monday that more downside in equities is likely — at least according to history.
The S&P 500 year-to-date-correction from early to late January was 9.8% on a daily closing price basis. During the midterm year of a U.S. presidential cycle, corrections on the S&P 500 averaged 20%, BofA technical research strategist Stephen Suttmeier pointed out. In 17 of 21 midterm years, the S&P 500 had corrections greater than 9.8%, 15 years saw corrections of 15% or more, and nine out of 10 experienced corrections of at least 20%.
The index struggles just after a first Fed rate hike but tends to do better for the 5-, 6- and 12-month periods after initial increase, according to Suttmeier. Furthermore, the best part of the presidential cycle follows from the midterm year low through the third year of the term. Bank of America indicated that rallies off the low into year-end can be strong and have an average return of 17.6%.
“U.S. equities tend to struggle just after the first rate hike of a Fed tightening cycle, which could come as early as the March FOMC meeting, but the data suggest buying a dip,” Suttmeier wrote.
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7:00 a.m. ET: Contracts tied to S&P 500, Dow, and Nasdaq trade near flatline
Here's how Wall Street's key benchmarks fared in pre-market trading Tuesday:
S&P 500 futures (ES=F): -5.50 points (-0.12%), to 4,470.25
Dow futures (YM=F): +6.00 points (+0.02%), to 34,975.00
Nasdaq futures (NQ=F): -28.00 points (-0.19%) to 14,531.75
Crude (CL=F): -$1.44 (-1.58%) to $89.88 a barrel
Gold (GC=F): -$3.20 (-0.18%) to $1,818.60 per ounce
10-year Treasury (^TNX): -1.4 bps to yield 1.9160%
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6:45 a.m. ET: Peloton taps new CEO amid acquisition reports
Peloton Interactive Inc. (PTON) is expected to replace its Chief Executive Officer, co-founder John Foley, who will step down and become executive chair, according to a Wall Street Journal Report.
The company will appoint Barry McCarthy to serve as its new chief executive. McCarthy was CFO at Spotify (SPOT) before retiring in 2019 and is known on Wall Street as the innovative architect of the company's 2018 direct listing.
Peloton will also slash 2,800 jobs as it seeks to better align costs with slowing demand for its connected bikes.
The shakeup comes on the following a separate WSJ story late Friday that said Amazon and Nike have expressed interest in buying Peloton. Shares of the stationary bike manufacturer surged 20% in trading Monday. The stock is back to trading above the $29 IPO price from 2019.
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6:01 p.m. ET Monday: Futures tick higher after closing in the red to start the week
Here were the main moves in markets ahead of overnight trading Monday:
S&P 500 futures (ES=F): +7.24 points (+0.16%), to 4,483.00
Dow futures (YM=F): +34.00 points (+0.10%), to 35,003.00
Nasdaq futures (NQ=F): +35.00 points (+0.24%) to 14,594.75
Crude (CL=F): +$0.18 (+0.2-%) to $91.50 a barrel
Gold (GC=F): -$0.10 (-0.01%) to $1,821.70 per ounce
10-year Treasury (^TNX): -1.4 bps to yield 1.9160%
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Have a Great Day
The IT Crowd - Pension Money
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No Gold Label Nor Silver label but....Bond label
Jeez it sounds like a fine whisky LOL
I like this guy because he not associated with gold and silver website selling and stuff.
He's more a bond and dollar label
Brings a whole different view from the PM guys.
He's the guy thats predicting $17 dollar silver in the near term. If you remember when we all loaded up on that 14 silver years ago. Well.... to me 17 dollar silver is just like that 14 we bought years ago.
I did a swing play on that 14 but didn't think the play would last that long. Never the less I was able to sell half of it at 24/25.
I'm thinking now ,should he be right... 17s the new 14 if you catch my drift.
Here he is today
Are Stocks About to Melt-up or Crash?
Small Sunday Coin & Silver Auction Preview 5PM CST 1oz Silver EOS GAW
James Webb Just Turned On Its Camera To Look At Its First Target
Morning Markets.......
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Stock market news live updates: Stock futures fall after jobs report shows surprise jump in payrolls
Emily McCormick·Reporter
Fri, February 4, 2022, 5:36 AM·4 min read
Stock futures fell Friday morning, giving back earlier overnight gains as investors viewed a much stronger-than-expected jobs report as bolstering the case for the Federal Reserve to continue down its more hawkish monetary policy path.
S&P 500 futures dipped after rising by more than 1% earlier during the overnight session. Nasdaq futures also sank. A day earlier, the Nasdaq Composite index sank by 3.7% for its worst single-day decline since September 2020. Oil prices also remained in focus on Thursday as U.S. West Texas intermediate crude oil prices jumped further above $90 per barrel after crossing that threshold for the first time since 2014 on Thursday.
New labor market data was the major focal point for investors on Friday, showing employment growth held up much more robustly than expected despite the surge in Omicron cases at the beginning of the year. Payrolls grew by 467,000, or well above the 125,000 expected to return, and job gains for December were upwardly revised to more than half a million. The labor force participation rate also improved markedly, and average hourly earnings jumped by a greater-than-expected 5.7%, or the most since May 2020.
The latest jobs report came as a surprise following a string of other softening data points on the state of the labor market, with ADP's private payrolls report showing earlier this week the first contraction in private-sector employment in more than a year. But Friday's report offered potential fodder for the hawks in the Federal Reserve to press ahead with their plans to raise interest rates and begin tightening in the near-term, as the economic recovery continues to progress.
"If we take a step and we think about why markets have been weak, going on not just for this year, but really into the latter part of 2021, it's been the hawkish policy pivot, and that's not just in the U.S., but it's increasingly a global one," Chris Pollard, Cowen managing director and head of market strategy, told Yahoo Finance Live on Thursday. "The idea of a tightening of the monetary spigot is increasing, and certainly, the idea that that is going to occur is going to lead to pressures on multiples. It's also going to move people a little bit inward on the risk curve."
A batch of upbeat quarterly results from Amazon (AMZN), Snap (SNAP) and Pinterest (PINS) helped dispel some of the gloom hanging over technology shares from during the regular trading day, after Meta Platforms (FB) offered an outlook that fell well short of Wall Street's expectations.
Investors responded favorably to Amazon's announced price hike on its premium Amazon Prime subscription and better-than-expected growth in its lucrative cloud computing business unit. And Snap and Pinterest each topped Wall Street estimates for quarterly sales and earnings, suggesting Meta Platforms may have been alone among the ad-driven internet companies in bearing the brunt of headwinds from competition and Apple iOS software changes.
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8:55 a.m. ET: U.S. employment unexpectedly jumped in January despite Omicron surge
U.S. employers added back far more jobs than expected in January even as Omicron cases surged at the beginning of the new year.
Non-farm payrolls grew by 467,000, far exceeding the 125,000 consensus economists were looking for, according to Bloomberg data. The unemployment rate rose to 4.0%, but this was just a tick above the pandemic-era low of 3.9% seen in December.
Meanwhile, signs of continued inflation also emerged in the January report, as average hourly earnings jumped by a bigger-than-expected 5.7% in January. This came following a 4.7% increase in December. On a month-over-month basis, average hourly wages rose 0.7%, or also well above the 0.5% from December.
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7:32 a.m. ET: Friday: Stock futures mixed ahead of jobs report
Here's where markets were trading Friday morning:
S&P 500 futures (ES=F): -5 points (-0.11%), to 4,464.00
Dow futures (YM=F): -145.00 points (-0.41%), to 34,826.00
Nasdaq futures (NQ=F): +56.75 points (+0.39%) to 14,549.00
Crude (CL=F): +$1.90 (+2.10%) to $92.17 a barrel
Gold (GC=F): +$7.10 (+0.39%) to $1,811.20 per ounce
10-year Treasury (^TNX): -0.7 bps to yield 1.82%
—
6:13 p.m. ET Thursday: Stock futures jump after Amazon earnings
Here were the main moves in markets during the overnight session:
S&P 500 futures (ES=F): +45.25 points (+1.01%), to 4,514.25
Dow futures (YM=F): +148 points (+0.42%), to 35,119.00
Nasdaq futures (NQ=F): +265.5 points (+1.83%) to 14,757.75
..........
Have a Great Weekend
8 LARGEST SuperYachts for sale in 2022
I found my first yacht investment on IHUBs Captains Quarters Investment board.
2022 Scottsdale Auction Recap - BARRETT-JACKSON 2022 SCOTTSDALE AUCTION
LIVE EPIC TONED COINS & SILVER AUCTION W/ Raven 6PM CST
This Day in Financial History. . . .
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Learn what happened in business in today’s past
February 03:
1964: A direct feed to the stock ticker at the New York Stock Exchange is extended overseas for the first time, as Switzerland gets a real-time link to follow share prices in New York.
"Today in NYSE History," at www.nyse.com/about/TodayInNYSE.html
1913: Can you hear your wallet screaming? Today is the birthday of the Federal income tax, as the states ratify the 16th Amendment to the U.S. Constitution. It reads in its entirety: "The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration." The 16th Amendment overturns Article I, Section 9 of the Constitution, which had expressly forbidden a general income tax.
http://www.archives.gov/national_archives_experience/charters/constitution_amendments_11-27.htmlhttp://www.archives.gov/national_archives_experience/charters/constitution.htmlhttp://www.usconstitution.net/constamnotes.html#Am16
Morning Markets. . . .
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Stock market news live updates: Nasdaq futures plunge following Facebook earnings miss
Alexandra Semenova
Thu, February 3, 2022, 5:23 AM·6 min read
In this article:
https://finance.yahoo.com/news/stock-market-news-live-updates-february-3-2022-232941718.html
^IXIC
+0.50%
ES=F
-1.07%
^DJI
+0.63%
^GSPC
+0.94%
NQ=F
-2.20%
CL=F
-1.46%
Futures tied to Wall Street’s key benchmarks edged lower in pre-market trading on Thursday after stocks closed higher for the fourth straight day in the previous session on the heels of Big Tech earnings.
However, the winning streak in equities was eclipsed by disappointing fourth quarter results from Facebook parent company Meta (FB), which reported figures that missed estimates after the bell on Wednesday. The results sent shares tumbling more than 20% in post-market trading. Contracts on the tech-focused Nasdaq Composite plunged more than 2% ahead of open, while S&P 500 futures were down 1%. Futures tied to the Dow Jones Industrial Average were muted.
Meta reported Q1 2022 revenue, a key figure for stock watchers, that came up short, with the company estimating between $27 billion to $29 billion in the current quarter, below analysts' expectations of $30.25 billion. The company’s ability to continue to navigate Apple’s (AAPL) recent privacy changes that allow iOS users to opt out of letting their apps track them across the web was also in focus for the near term.
[Stay ahead of the market]
Facebook's fourth-quarter report comes amid a prolific week in earnings season. Amazon (AMZN) is set to unveil figures after market close on Thursday, marking the last of five corporate heavyweights that account for about one-quarter of the S&P 500’s total market capitalization to reveal 2021 year-end performance figures. Shares of Alphabet (GOOGL), which released its results on Tuesday, surged in Wednesday’s session after the tech giant topped quarterly sales and profit estimates and announced a 20-for-1 stock split.
Investors weighed Big Tech earnings against a jarring employment report out Wednesday. ADP reported that private-sector U.S. employers cut 301,000 jobs in January, marking the first decline since December 2020 as the Omicron variant put a dent in the labor market's recovery.
“The takeaway for investors is probably a temporary blip on an otherwise strong recovery we're seeing in the employment markets,” SEI CIO Jim Smigiel told Yahoo Finance Live. “It’s not too surprising we're seeing a bit of weakness."
ADP’s report was a prelude to the Labor Department's official monthly jobs report due out Friday. Consensus economists expect 150,000 non-farm payrolls returned in January, a figure that would mark the slowest pace of hiring since December 2020 as the impact of the latest COVID waves catches up to economic data.
"It’s one of those things where we’re just going to have to get used to the short but shallow economic damage we saw because of the latest variant,” Art Hogan, B Riley-National chief market strategist, told Yahoo Finance Live.
Jared Bernstein, member of the White House Council of Economic Advisers, emphasized to Yahoo Finance Live that this month’s figures are likely to be “distorted” by a number of Americans who have tested positive for the virus in the latest surge on unpaid leave that are not tracked on the payroll count.
Anxiety around central banking policies rattled markets in January. The S&P 500 posted a negative return of 5.26% for January 2022 – marking its worst month since the benchmark plunged 12.5% in March 2020 after COVID-19 upended the global economy. Meanwhile, the Nasdaq Composite (^IXIC) narrowly avoided its worst-performing January on record after a loss of 8.98% for the month.
As stocks appear to crawl out of their January rout, some strategists contend the worst of Fed jitters could be behind us.
“In some ways, we might be at peak hawkishness in terms of market expectations,” Tony DeSpirito, CIO of BlackRock’s U.S. Fundamental Active Equity arm. “We certainly saw that in January, and late last year — a change in tone from the Fed and now the market has reset expectations and starting to price them in.”
Sawchuk Wealth founder Terry Sawchuk told Yahoo Finance recent hawkishness from Fed policymakers has stemmed political pressure to look like they're fighting inflation. "I think the Fed's going to back off of all of this at some point,” he said.
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7:21 a.m. ET: Tesla recalls more than 800,000 vehicles over seatbelt alert issue
Tesla Inc. (TSLA) has issued a recall on 817,000 U.S. vehicles because the seatbelt alert may not activate when a vehicle starts to remind the driver to buckle up.
The National Highway Traffic Safety Administration (NHTSA) said the cars fail to comply with a federal motor vehicle safety standard on "Occupant Crash Protection" since the audible alert does not activate. Recalls were made on some 2021-2022 Model S and Model X, 2017-2022 Model 3, and 2020-2022 Model Y vehicles.
The electric-vehicle giant is expected to perform an over-the-air (OTA) software update to address the issue.
Shares of Tesla were down 2.58% in pre-market trading to $882.25 a piece as of 7:21 a.m. ET.
—
7:00 a.m. ET: US stock futures fall lower in pre-market trading
Here were the main moves in markets ahead of the open Thursday:
S&P 500 futures (ES=F): -48.75 points (-1.07%), to 4,528.50
Dow futures (YM=F): -94.00 points (-0.26%), to 35,398.00
Nasdaq futures (NQ=F): -321.75 points (-2.13%) to 14,792.75
Crude (CL=F): -$1.10 (-1.25%) to $87.16 a barrel
Gold (GC=F): -$6.50 (-0.36%) to $1,803.80 per ounce
10-year Treasury (^TNX): -3.4 bps to yield 1.7660%
—
6:03 p.m. ET Wednesday: Nasdaq plunges heading into overnight trading after Facebook miss
Here's how the main benchmarks fared in extended trading Wednesday evening:
S&P 500 futures (ES=F): -32 points (-0.70%), to 4,545.25
Dow futures (YM=F): +44 points (+0.12%), to 35,536.00
Nasdaq futures (NQ=F): -260.75 points (-1.68%) to 14,853.75
Crude (CL=F): -$0.43 (-0.49%) to $87.83 a barrel
Gold (GC=F): -$2.70 (-0.15%) to $1,807.60 per ounce
10-year Treasury (^TNX): -3.4 bps to yield 1.7660%
Have a Great Day
Singing donkey goes viral
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Epic Toned Coins & Silver Auction Preview! Thursday 2/3/2022 6PM CST!
This Night in Rock History. . . .
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1985 "I Want To Know What Love Is" by Foreigner hits Number One on the pop chart, where it stays for two weeks. That same day, Agent Provocateur peaks at Number Four on the album chart, where it stays for three weeks.
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Foreigner - I Want To Know What Love Is 2010 Live Video HD
This Day in Financial History. . . .
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Learn what happened in business in today’s past
February 02:
1998: Less than three years after breaking the 500 mark, the Standard & Poor's 500-stock index closes above 1,000 for the first time, finishing the day at 1001.27.
David M. Blitzer, chief investment strategist, Standard & Poor's Corp.; Museum of American Financial History.
1968: With Wall Street fighting off a blizzard of trading paperwork, the New York Stock Exchange extends the settlement period -- the time for exchanging final payment -- on stock transactions to "T + 5," or five days after the trade date.
"Today in NYSE History," at www.nyse.com/about/TodayInNYSE.html
1929: With the Dow Jones Industrial Average up an astounding 60.5% over the last 12 months, the Federal Reserve Board reminds investors that "the Federal Reserve Act does not?contemplate the use of the resources of the Federal Reserve System for the creation or extension of speculative credit." But the Fed doesn't back up its talk with any decisive action, so traders laugh off the warning and send the Dow up another 20% over the coming months. Then comes the Great Crash.
John Brooks, Once in Golconda: A True Drama of Wall Street, 1920-1938 (Harper & Row, New York, 1969), p. 95; Phyllis S. Pierce, ed., The Dow Jones Averages 1885-1980 (DowJones Irwin, Homewood, IL, 1982), not paginated.
1869: In the first warning sign of the coming Panic of 1869, a New York newspaper reports that an IRS auditor has discovered that trustees of several city churches have taken $2 million in ecclesiastical trust funds and used them to speculate in stocks; what's more, several parishes have taken out mortgages on their church buildings to answer margin calls. "Where the shepherd wanders wool-hunting," notes chronicler James Medbery, "the sheep are apt to go astray."
James K. Medbery, Men and Mysteries of Wall Street (Fields, Osgood & Co., Boston, 1870; reprinted, Fraser Publishing Co., Wells, VT, 1968) p. 198.
1848: For $15 million, the United States purchases the entire territories of Arizona, California, New Mexico, and Texas, along with parts of Colorado, Nevada, and Utah, from Mexico under the Treaty of Guadalupe Hidalgo. The United States now stretches "from sea to shining sea."
http://lcweb.loc.gov/exhibits/ghtreaty/
Mayan Mountain Jadite Jade & Honduran Black Matrix Opal Tucson Gem Show 2022 Red Lion Gem Show
Another great video with experienced "Lapidary Dave"
Tens of thousands of people make their living from this Tucson Gem Show
I'm honored to bring the show to our investment community here on IHUB
Weather
60 party sunny day with cold front moving in next three days
28 tonight rare Freeze warning maybe some rain
Looking like the coldest night of the year on tap
Mayan Mountain Jadite Jade & Honduran Black Matrix Opal Tucson Gem Show 2022 Red Lion Gem Show
Inside California’s Black Market Weed Boom
LIVE Red Lion @ Tucson Gem & Mineral Show 2022
Live Like being here (Investment City)
Holidome & Gem Mall Tucson Gem Show 2022 Wholesale Show Part2
Good Bead and Opal video by experienced Lapidary Dave
Beautiful
Shop till you drop !
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Holidome & Gem Mall Tucson Gem Show 2022 Wholesale Show Part2
All cannabis businesses are struggling right now
This video told by a guy who stuck his fingers into a electrical outlet while sitting in a bathtub might be right on.
California Cannabis Businesses Fear State's Legal Industry Could Collapse
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