Global commodity guru on one lesson from Indian women on when to buy and sell gold, silver: ‘Not selling either’
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5 Mutual Funds Freeze Silver ETF Subscriptions as Prices Surge and Physical Shortage Bites
Silver has soared to a historic high of US$52.5868 per ounce due to a historic short squeeze in London and strong demand for safe-haven assets amid global economic uncertainty, eclipsing the previous record set during the notorious Hunt brothers’ corner attempt in 1980. Spot silver crossed US$51 per ounce for the first time as investors sought refuge in safe-haven assets amid mounting fiscal and monetary concerns.
Read MoreUS Economy Warning Issued as Shutdown Hits Americans
Treasury Secretary Scott Bessent warned on Monday that the government shutdown was “starting to affect” the U.S. economy.
Newsweek has contacted the Department of the Treasury for comment via an email sent outside regular business hours.
Why It Matters
The federal government shutdown, which began on October 1,
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Read MoreXRP Macro Outlook: Last Bullish Pattern Emerging
1. What is driving the recent rise in XRP price?
The XRP price is gaining strength due to legal clarity after Ripple’s court victory, increased whale accumulation, and rising institutional interest through ETF filings.
2. How do ETFs impact XRP’s market performance?
ETFs allow institutional investors to gain exposure to XRP without directly holding the token,
» Read more about: XRP Macro Outlook: Last Bullish Pattern Emerging »
Read More2 Soaring Cathie Wood Stocks to Buy and Hold
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CRISPR Therapeutics and Spotify Technologies have crushed the market year to date.
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CRISPR Therapeutics could maintain that momentum thanks to progress with its leading candidates.
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Spotify Technologies’ deep ecosystem continues to expand, and the company is turning profitable.
Cathie Wood,
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Read MoreThe Burst
Market Commentary: 3 Breakouts Signal Santa Claus Rally
Barely a couple of weeks ago, the tenor of the markets changed. Cathie Wood, the poster girl for high growth stocks, reported massive gains among her portfolio of stocks.
In a single week, Nurix Therapeutics gained 16%, Pinterest rose by 19%, Verve Therapeutics flew higher by 18%, Ceres was up 15%, Shopify soared by 22% and Palantir was up 20%.
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Read MoreThe Ivy
65% of Bill Gates Portfolio Is In 3 Stocks
Diversify is the name of the game. Spread your eggs across a lot of baskets. That’s what the professionals say, but why then do the rich do the exact opposite so often?
Take Bill Gates, for example, he’s got 65% of his portfolio allocated to just 3 stocks. Billions upon billions of dollars are invested in less than a handful of stocks and one of them in particular is likely to really surprise you.
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