In today’s recap, Marcello talks about how Gamestop traders made a move on the silver market trying to replicate what they achieved with Gamestop’s stocks. There’s a possible ban coming for Bitcoin in India since governments are starting to focus on their own digital currencies. A translucent pyramid was re-discovered, is it Atlantis?
The Hunt brothers had moved to corner the silver market in 1979 & 1980, by buying up 1/3 of the entire global supply outside reserves held by governments. Within 1 year, the price for silver surged +713% to a record high of $49.45 per troy ounce, but then later collapsed in an event called Silver Thursday.
Amazon founder Jeff Bezos to step down as CEO later this year & transition to the role of executive chair, being replaced by Andy Jassy. Bezos has been CEO since its founding in 1995. He oversaw its growth from an online bookseller into a $1.7T global retail & logistics giant, making Bezos into 1 of the world’s richest people. Speculation continues as to why the transition is happening now.
Cryptocurrency dogecoin a rival to Bitcoin, surged over +50% in price overnight on Thursday, due to a series of tweets by Elon Musk, the CEO of Tesla, who has 45M followers & is the richest person globally. It was trading at 5 cents early Thursday, up from about 3 cents before his tweets.
Denmark approves a plan to build the world’s 1st energy island in the North Sea. It will produce & store enough green energy to cover the electricity needs of some 3M European households. The artificial island will be linked to 100’s of offshore wind turbines & will supply both power to households & green hydrogen for use in shipping, aviation, industry & heavy transport.
The European Union has unveiled plans to transform its electricity system to rely mostly on renewable energy within a decade & increase its offshore wind energy capacity 25-fold by 2050.
Royal Dutch Shell fell short of expectations in Q4; The semiconductor shortage is slamming the auto industry; German economy could shrink in the first quarter of 2021; Parler CEO John Matze has been terminated by the board.