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20 Mar 2023 4 minute read 8 comments SweptOverNiagara
A deal has been pushed through at the 11th hour regarding the collapse of Credit Suisse after it was revealed that UBS would take over the troubled bank for $3 billion along with a guarantee of $8 billion francs from the Swiss government and $100 bil...
17 Mar 2023 2 minute read 5 comments SweptOverNiagara
Kitco News published an article yesterday stating that gold had touched a record high in overnight trading against the Australian dollar, peaking at $2,922.36 before dropping a bit to around $2,885 per ounce for an 8% increase so far this year. In a...
16 Mar 2023 5 minute read 3 comments SweptOverNiagara
Well known First Majestic Silver CEO Keith Nuemeyer knows what he's talking about when he stated "I'm guessing the mining sector produced something in the order of 800, maybe 825 million ounces in 2022" during a Q4 overview of his company. He has als...
15 Mar 2023 4 minute read 8 comments SweptOverNiagara
Things were so heated last weekend as we dealt with the sudden failures of three regional banks in the U.S.A. that the Oscars were almost completely ignored. Honors are given out to best actors, directors, producers among a long list that also includ...
14 Mar 2023 3 minute read 2 comments SweptOverNiagara
As I learn more about the regional banks that failed in the last week at opposite ends of the continental U.S.A. in California and New York, it is becoming clear that the FED's aggressive rate hikes starting last April are beginning to rear their ugl...
13 Mar 2023 4 minute read 4 comments SweptOverNiagara
You've likely already heard of the Silvergate / Silicon Valley Banks going to zero late last week. These two banks folded within two days of a massive bank run. Peter Thiel (of Paypal fame) and his Founders Fund along with Jamie Dimon, CEO of JPMorga...
12 Mar 2023 6 minute read 2 comments SweptOverNiagara
By now, you've probably heard of Silvergate and Silicon Valley Investment Bank collapsing in the last few days. SVB is the second largest bank in U.S. history to collapse, Lehman Brothers being the biggest. I've read one report that stated SVB was th...
10 Mar 2023 2 minute read 3 comments SweptOverNiagara
The heart of Silicon Valley finance needs a defibrillator as two of its biggest banks have imploded this week, including Silvergate Capitol and Silicon Valley Bank. Some might say it's related to Bitcoin's fall to $16,000 range from $67,000 high or t...
9 Mar 2023 2 minute read 0 comments SweptOverNiagara
One year ago, in March, 2022 the Bank of Canada began an aggressive rate hike that saw interest rate increases at each policy meeting, the last of which was at the end of January when the BoC raised by another 25 basis points to top out at 4.5%. Yes...
8 Mar 2023 4 minute read 2 comments SweptOverNiagara
An article published Monday on KingWorldNews titled, 'Silver about to radically outperform gold, plus the bear market is over? Not likely' has a chart embedded in the article that should have silver investors salivating as it shows the extreme diverg...
