The Shit to Know Thursdays

What’s up,

It’s been a wild week. Below is the shit you need to know.

Market Indices & Commodities

Crypto
Bitcoin Breaks $50k Barrier

Bitcoin has gained over 15% over the last week and is now at the highest its been since December 2021. This time last year, Bitcoin was priced at just $22,000 per coin.

This soaring in price comes after the long anticipated SEC approval of Bitcoin ETFs. A renewed interest from Wall Street in the tech industry, and the hoarding of the cryptocurrency by big investors are also being cited for this rise.

Crypto-linked stocks rose along with Bitcoin, with the likes of Coinbase soaring up 34% for the week.

Looks like Bitcoin is on another bull run, on the last bull run in 2021, it reached a price of just over $69,000. How far high will it get this year?

Military
Russia Wants to Put Nukes in Space

According to certain sources, Capitol Hill has received intelligence that the Russians want to put a nuclear weapon into space.

The nuke would be designed to take out satellites. This has obviously sparked major security concerns as the US relies heavily on its vital satellite infrastructure.

The weapon is not yet operational, thank God.

Still pretty fucking concerning though, we wouldn’t be able to gamble on penny stocks without the satellites…

VHLA
Behind The Scenes of a Penny Stock: $VZLA

We went on an adventure down to Sinaloa, Mexico…

Vizsla Silver invited us down for a tour of 7200 hectares of some the world’s most promising silver reserves.

Considering the quality and quantity of this mostly undeveloped silver district, we’ll be watching this stock like you watch your best friend’s mom’s tits.

Click above for 20 minutes of serious alpha.

Politics
Expert Says Biden Needs Cognitive Testing

Canadian neurologist Dr. Ziad Nasreddine is said to have invented the ‘gold standard’ of cognitive tests. He believes that all ageing politicians should take these tests.

This comes as the controversy surrounding Biden’s mental state has worsened.

A poll has found that 86% of Americans thinks Biden is too old to complete another term.

One thing is for sure though, he is really starting to lose the damn plot.

Insider Trading
Bezos Dumps $6b worth of $AMZN Shares

Amazon’s founder has now sold a total of $6b (yes that’s a ‘b’) worth of Amazon shares.

The share price has not suffered too much though, which shows the health and strength of the stock. They are only down -0.64% in the last 5 days.

However, Bezos is not done dumping shares yet… He will offload roughly another $2.5b worth according to a recent regulatory finding, by the end of January 2025.

What does this mean for $AMZN’s future? Does Bezos know something we don’t? I’d bet my bottom dollar he does…

Investment
Icahn Take 9% Stake in JetBlue

JetBlue share prices have absolutely fucking soared after Carl Icahn bought a 9.91% stake in the budget airline.

The news broke late on Monday, and was up more than 14% pre-market on Tuesday.

This comes less than a month after a Federal Judge blocked JetBlue Airways’ long-planned $3.8b acquisition of Spirit Airlines. It was blocked due to concerns the merger would harm consumers by being too anti-competitive.

Icahn appears to be having a good effect on JetBlue, but will this really add to the longevity of the stock?

China
Over 100 Chinese Websites Pose as Local News Outlets

123 Chinese websites are disguised as local news outlets in 30 countries, in order to spread pro-China disinformation. This is according to a report from Citizen Lab, a Canadian digital watchdog.

Among the countries targeted were the US, South Korea, Japan, the UK and Brazil.

Citizen Lab researchers said that this Chinese campaign has been pretty ineffective so far due to minimal site traffic to these specific sites.

This is still pretty concerning though, is this a sign of things to come?

Mining
Canada to Accelerate Critical Mineral Mining

The Canadian energy minister says he plans to boost Canada’s energy security by reducing the amount of time it takes to develop new mineral mines.

He reckons that the amount of time saved could equate to a decade.

He plans to do this by making permitting processes more efficient.

This comes after concerns were raised about the excessive reliance on China for the mining and processing of critical minerals.

What does this mean? Well if I was you, I’d keep a close fucking eye on Canadian mining stocks.

Thank you 
That’s all Folks

Thanks for getting down this far, I hope you enjoyed. Have a fantastic FMC tomorrow.