Silver as an investment

Category Archives: Restricted Stock

Here Is The Full Text And Summary Of The Amended House GOP Tax Bill

While we await the full details of the Senate bill, moments ago the House Ways and Means Committee released the Amended House GOP tax bill, as well as its summary. Here are the key highlights from the Amendment (link), first in principle: Amendment to the Amendment in the Nature of a Substitute to H.R. 1 […]

Berkshire Letter Highlights: Buffett Hates Hedge Funds, Likes Immigrants And The US Outlook

In its latest annual letter, released at 8am on Saturday, Warren Buffett’s Berkshire Hathaway said Q4 profit rose 15% as net income increased to $6.29 billion, or $3,823 a share, from $5.48 billion, or $3,333 the previous year, while operating earnings, which exclude some investment results, were $2,665 a share, a slight miss to the […]

Gary Cohn’s Parting Gift From Goldman: An Accelerated $124 Million

Leaving Goldman Sachs to work for the government has always been a lucrative career move: eight years ago, it allowed former Treasury Secretary Hank Paulson to sell $500 million in Goldman stock tax free, and now its the turn of Gary Cohn, Goldman’s former COO and president, who is leaving to join Trump’s cabinet, who […]

ZeroHedge: Goldman Responds To Goldman’s Stock Offering of A Goldman-Upgraded Tesla

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. In what many considered to be a flagrantly criminal abuse of investment bank “restricted lists”, yesterday Goldman underwrote a $2 billion equity offering for Tesla (to find its amusing expansion strategy) just hours after Goldman upgraded the stock to a […]

ZeroHedge: What You Missed In Lending Club’s Shocking 10-Q

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Via, At the risk of stating the obvious, it’s been a pretty tough week for LendingClub. In the six days since announcing on May 9 that CEO Renaud Laplanche was suddenly stepping down, the stock has dropped nearly 60%. […]

ZeroHedge: Two Wrongs Don’t Make A Right – Is Fiorina The Fall Gal?

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Submitted by Pater Tenebrarum via, Odd Couple While checking on the US primaries a few days ago, we came across a piece of news informing us that pretend candle-swallower Ted Cruz had picked Carly Fiorina as his “vice-presidential running […]

With Stock At 15-Year Low, Freeport Co-Founder Walks Away With $80 Million Golden Parachute

“He is the last of the old-time wildcatters,” Mike Madden, managing partner of private-equity firm BlackEagle Partners LLC says of departing Freeport-McMoRan executive chairman James R. Moffett, who is stepping down after falling commodity prices helped push the company’s shares to their lowest levels of the 21st century.  Late in August, Carl Icahn disclosed an […]

Citadel Barred From Trading In China After Regulator Accuses “Automated Trading” Unit Of Manipulation

Define irony: for the past 7 years, Wall Street’s worst kept secret is that Citadel, the world’s most levered hedge fund, has been the NY Fed’s just slightly more than arms-length enforcer of market stability, by which we mean spoofer, buyer and otherwise “plunge protector” in the equity and E-mini futures markets. The secret got […]

AAPL Beats Expectations As China Becomes Dominant iPhone Market; Cash Jumps But So Does Debt

Moments ago AAPL reported Q2 earnings for the quarter ended March 31, 2015 which saw AAPL beat soundly on the top and bottom line as as result of a jump in iPhone sales, even as iPad and Mac sales came in below the expectation. EPS was $2.33 vs consensus $2.16, while revenues came in at […]

Frontrunning: February 18

Greece to submit loan request to euro zone, Germany resists (Reuters) Ukrainian forces start to quit besieged town (Reuters) Bank of Japan maintains policy, no surprises (FT) China Considering Mergers Among Its Big State Oil Companies (WSJ) Soros Shifts to Europe, Asia as Investors Cut U.S. Equities (BBG) Putin tells Kiev to let troops surrender […]