Due Diligence

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How two millionaires cornered the gold market

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How two millionaires cornered the gold market

A quick fix of the latest financial happenings.

Carter Kilmann
Nov 25, 2022
4
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How two millionaires cornered the gold market

www.stockduediligence.com

Good morning, investors — and happy belated Thanksgiving!

Considering the holiday, I’ve kept today’s newsletter short. I hope you’re able to relax today and enjoy the time with friends and family. 

If this is your first time with us, don’t forget to subscribe here. If you enjoy today’s issue, please hit the heart button at the end of the report.

Free stock research

Without further ado…


The Original Black Friday Wasn’t So Consumer Friendly

Black Friday has long been a staple in our capitalistic society. For the last several decades, people have flocked to retail stores in search of deeply discounted goods, padding the profits of corporations far and wide. Although the retail world has successfully turned the day after Thanksgiving into the Mecca of holiday shopping, this day can’t claim to be the original “Black Friday.” 

That title belongs to September 24, 1869. 

A day that saw the price of gold plummet by nearly 19% — all thanks to Jay Gould and Jim Fisk, who spearheaded a successful cornering of the gold market. (Sound familiar?)

Read the full story on History.com. 


Three Eye-Opening Tweets

And finally, we close with three eye-opening tweets. 

A sign of good things to come?

Twitter avatar for @GRDecter
Genevieve Roch-Decter, CFA @GRDecter
Good Morning Everyone! Is inflation cancelled? Container shipping costs are back to pre-pandemic levels.
Image
1:30 PM ∙ Nov 22, 2022
16,979Likes2,067Retweets

Less than ideal situation for rental property investors.

Twitter avatar for @nickgerli1
Nick Gerli @nickgerli1
It's now more profitable to buy a 6-Month US Treasury than to buy Real Estate. How do you think all those Wall Street Homebuyers feel right now? They're literally earning a lower yield than my mom's retirement account.
Image
3:28 PM ∙ Nov 21, 2022
4,167Likes772Retweets

We’re doomed. 

Twitter avatar for @InvestmentTalkk
Conor Mac @InvestmentTalkk
As the McRib sandwich rounds off its farewell tour and is now gone, "potentially forever", after being reintroduced to the menu last month, this doesn't bode well for the stock market. Investors must get used to a world without alpha-generating McRib periods in the market.
Image
1:38 PM ∙ Nov 22, 2022
27Likes1Retweet

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