The Shit to Know Thursdays

Alright man look, 

There is a ton of shit to know in these markets and headlines. So we weeded through all the shit, and present you with: The shit TO know this Thursday.

Market Indices & Commodities

^_NEWS
New Epstein Files Dropped…

A new batch of files came out, IMO, not as juicy as the first drop, a lot of Hollywood & politician names were mentioned but that doesn’t mean they were guilty, their names just came up, so we’re not gonna sit here and spread rumors like a fucking 12-year-old girl at recess time.

However, this motherfucker is guilty as all hell. Ehud Barak, former Israeli Prime Minister. After this dude fought for his life all over the media SWeARIng he was just a friend & just “liked” to frequently visit Epstein’s properties, and claims as soon as he figured out Epstein’s Shenanigans he cut all ties and business.

Well, just out from one of the victims that Ehud did in fact have sexual relations with an underage girl, one that we can confirm. Who knows how many others.

It was stated in the Daily Mail that Ehud was a “Regular” at Epestein’s New York apartment.

Like C’mon bro, you got caught red-handed and you still tried to lie through your teeth to the very end. Why else would you wear a mask? For a game of fucking Yahtzee? I’m sure no locals are stopping to ask for your photograph either. Shame on Ehud Barak.

Stay posted we will expose them all.

Crypto
SEC Officially Approves Bitcoin ETF

Well, well, well. After years of FUD, the SEC has finally approved the Bitcoin ETF.

The SEC has given the green light to 11 ETFs that track bitcoin. These could start trading as soon as Thursday.

Names of the ETFs are:

• Blackrock's iShares Bitcoin Trust (IBIT)

• ARK 21Shares Bitcoin ETF (ARKB)

• WisdomTree Bitcoin Fund (BTCW)

• Invesco Galaxy Bitcoin ETF (BTCO)

• Bitwise Bitcoin ETF (BITB)

• VanEck Bitcoin Trust (HODL)

• Franklin Bitcoin ETF (EZBC)

• Fidelity Wise Origin Bitcoin Trust (FBTC)

• Valkyrie Bitcoin Fund (BRRR)

• Grayscale Bitcoin Trust (GBTC)

• Hashdex Bitcoin ETF (DEFI)

  
  Once a corner of the internet for the fucking geeks, crypto is once again thrust further into the financial mainstream.

Commodities  
Saudi Arabia Nearly Doubles Estimate For The Value Of Its Mineral Resources

Estimates for the kingdom’s untapped mineral reserves have jumped from $1.3 trillion in a 2016 forecast to $2.5 trillion, according to Saudi Mineral Resources and Industry Minister Bandar Al Khorayef. The resources include gold, copper, phosphate, and rare earth elements plus the fuck-ton of oil reserves they have.

The Saudi government also expects $20 billion in deals will be signed at the annual minerals forum in Riyadh, Saudi Arabia this week - pictured above. So, if you see surges in volume & price from your favorite mining stocks this week it might be a rich sheik passing on the new weekly Lambo and buying up your bags.

Finance
BlackRock Cuts 3% of Global Staff

BlackRock, the world’s largest asset manager and buyer of single-family homes, will lay off about 600 employees as it seeks to reshuffle its resources in response to “technological” changes in the financial industry…

Is Larry the lizard saying AI is replacing jobs at BlackRock?

“We see our industry changing faster than at any time since the founding of BlackRock, as we prepare for 2024 and this very exciting but distinctly different landscape, businesses across the firm have developed plans to reallocate resources.”

What does Larry know that we don’t? (well, probably a lot of things) maybe we should fire @Dawsoniggy and replace him with an AI.

Coffee
Starbucks Accused Of Rigging Payments In App For Nearly $900 Million Gain Over 5 Years

Listen, nothing gets me quirked up like a paragraph-long Starbucks order straight to my fucking bean before the market opens but, $900 MILLION in rigged payments is a bit wild.

A consumer action group is accusing Starbucks of exploiting customers via its gift card and app payments, forcing them to enter a spending cycle where they will never be able to fully spend the remaining balance of prepaid amounts.

Check this out. A campaign manager for the group said this, “A few dollars here and there left on a payment platform may not sound like a lot but it adds up. Over the last five years, Starbucks has claimed nearly $900m in unspent gift card and app money as corporate revenue, boosting corporate profits and inflating bonuses.”

Stocks
NVIDIA HITS RECORD HIGH!

$NVDA keeps hitting record highs this week, as of today it hit an ATH of $543.46.

Of course, on November 22, 2023, Pelosi loaded up $5m in Calls… $NVDA is up over 17% this last month, which would probably be around $1m in profit (if I had to guess) which is about 5x her salary in just less than a month…

Why the fuck isn’t there a Pelosi index?

News
$VZLA Increases Silver Ounces by Nearly 50%

We told you $VZLA was coming into 2024 fully erect and well…

Just out:

• 48% increase in indicated mineral resource

• 48% increase in inferred mineral resource

• 17% increase in average grade from 437 g/t to 511 g/t

• Total all-in exploration cost of US$0.32/oz AgEq discovered

Stocks up a nice 23% over the last month, with no signs of slowing down either.

Thank you 
That’s all Folks

Just one more fucking day, I can smell it…