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ChawKW

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- ChawKWChawKW
  ·11-14
  Even yuyuy
  Nvidia Shares Dropped 1% In Premarket As Bridgewater's Nvidia Position Decreased 65%
  Nvidia shares dropped 1% in premarket as Bridgewater reduced position in it.Bridgewater released its holdings report as of the end of the third quarter of this year. The report shows that as of the...
  Nvidia Shares Dropped 1% In Premarket As Bridgewater's Nvidia Position Decreased 65%
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- ChawKWChawKW
  ·2021-08-18
  ?
  Vipshop reports $0.32 earnings per share (non-GAAP), analysts' consensus estimate was $2.37
  (Aug 18) Vipshop reports $0.32 earnings per share (non-GAAP), analysts' consensus estimate was $2.37
  Vipshop reports $0.32 earnings per share (non-GAAP), analysts' consensus estimate was $2.37
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- ChawKWChawKW
  ·2021-08-12
  Good
  US lawmakers introduce bill to rein in Apple, Google app stores
  The bill would bar big app stores from requiring app providers to use their payment system. A bipart
  US lawmakers introduce bill to rein in Apple, Google app stores
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- ChawKWChawKW
  ·2021-07-08
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  Sorry, this post has been deleted
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- ChawKWChawKW
  ·2021-07-02
  ?
  Gold & Basel III's Trillion-Dollar Question
  June 28th has come and gone, which meansthe much-anticipated Basel III “macro prudential regulation”
  Gold & Basel III's Trillion-Dollar Question
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- ChawKWChawKW
  ·2021-06-28
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- ChawKWChawKW
  ·2021-06-27
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- ChawKWChawKW
  ·2021-06-26
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- ChawKWChawKW
  ·2021-06-25
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- ChawKWChawKW
  ·2021-06-18
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  Crypto Mining Could Give Huge Boost to Seagate and Western Digital Stock
  Disk-drive demand continues to be warped by the rapid adoption of Chia, a cryptocurrency that relies
  Crypto Mining Could Give Huge Boost to Seagate and Western Digital Stock
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yuyuy","listText":"Even yuyuy","text":"Even yuyuy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/500088904495328","repostId":"1160074500","repostType":2,"repost":{"id":"1160074500","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1763116504,"share":"https://ttm.financial/m/news/1160074500?lang=&edition=fundamental","pubTime":"2025-11-14 18:35","market":"us","language":"en","title":"Nvidia Shares Dropped 1% In Premarket As Bridgewater's Nvidia Position Decreased 65%","url":"https://stock-news.laohu8.com/highlight/detail?id=1160074500","media":"Tiger Newspress","summary":"Nvidia shares dropped 1% in premarket as Bridgewater reduced position in it.Bridgewater released its holdings report as of the end of the third quarter of this year. The report shows that as of the...","content":"<html><head></head><body><p>Nvidia shares dropped 1% in premarket as Bridgewater reduced position in it.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0d1516667945b058b253a0421589564c\" title=\"\" tg-width=\"870\" tg-height=\"827\"/></p><p>Bridgewater released its holdings report as of the end of the third quarter of this year. The report shows that as of the end of the third quarter, Bridgewater held 2.51 million shares of Nvidia, a decrease of 65.3% compared to 7.23 million shares at the end of the second quarter. It is worth noting that in the second quarter of this year, Bridgewater had increased its holdings of Nvidia by as much as 154.37%. This reduction in holdings indicates that Bridgewater has become more cautious about Nvidia&#39;s future performance.</p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nvidia Shares Dropped 1% In Premarket As Bridgewater's Nvidia Position Decreased 65%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNvidia Shares Dropped 1% In Premarket As Bridgewater's Nvidia Position Decreased 65%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2025-11-14 18:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Nvidia shares dropped 1% in premarket as Bridgewater reduced position in it.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0d1516667945b058b253a0421589564c\" title=\"\" tg-width=\"870\" tg-height=\"827\"/></p><p>Bridgewater released its holdings report as of the end of the third quarter of this year. The report shows that as of the end of the third quarter, Bridgewater held 2.51 million shares of Nvidia, a decrease of 65.3% compared to 7.23 million shares at the end of the second quarter. It is worth noting that in the second quarter of this year, Bridgewater had increased its holdings of Nvidia by as much as 154.37%. This reduction in holdings indicates that Bridgewater has become more cautious about Nvidia&#39;s future performance.</p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160074500","content_text":"Nvidia shares dropped 1% in premarket as Bridgewater reduced position in it.Bridgewater released its holdings report as of the end of the third quarter of this year. The report shows that as of the end of the third quarter, Bridgewater held 2.51 million shares of Nvidia, a decrease of 65.3% compared to 7.23 million shares at the end of the second quarter. It is worth noting that in the second quarter of this year, Bridgewater had increased its holdings of Nvidia by as much as 154.37%. This reduction in holdings indicates that Bridgewater has become more cautious about Nvidia's future performance.","news_type":1,"symbols_score_info":{"NVDA":2}},"isVote":1,"tweetType":1,"viewCount":194,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":831925142,"gmtCreate":1629281640486,"gmtModify":1676529989875,"author":{"id":"3577752520804349","authorId":"3577752520804349","name":"ChawKW","avatar":"https://static.tigerbbs.com/8ade0e4b15b15ce9d93b72d9bb81f36c","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3577752520804349","idStr":"3577752520804349"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/831925142","repostId":"1139536363","repostType":4,"repost":{"id":"1139536363","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1629281334,"share":"https://ttm.financial/m/news/1139536363?lang=&edition=fundamental","pubTime":"2021-08-18 18:08","market":"us","language":"en","title":"Vipshop reports $0.32 earnings per share (non-GAAP), analysts' consensus estimate was $2.37","url":"https://stock-news.laohu8.com/highlight/detail?id=1139536363","media":"Tiger Newspress","summary":"(Aug 18) Vipshop reports $0.32 earnings per share (non-GAAP), analysts' consensus estimate was $2.37","content":"<p>(Aug 18)&nbsp;<a href=\"https://laohu8.com/S/VIPS\">Vipshop</a> reports $0.32 earnings per share (non-GAAP), analysts' consensus estimate was $2.37.</p>\n<p>Vipshop&nbsp;gained&nbsp;nearly&nbsp;6%&nbsp;in&nbsp;premarket&nbsp;trading.</p>\n<p><img src=\"https://static.tigerbbs.com/534a8f80eaa6b053e49a90446b0c2742\" tg-width=\"1207\" tg-height=\"541\" referrerpolicy=\"no-referrer\"></p>\n<p>Vipshop Q2 Non-GAAP EPS of $0.32misses by $0.04; GAAP EPS of $0.24misses by $0.07.</p>\n<p>Revenue of $4.6B (+22.8% Y/Y)&nbsp;beats by $30M.</p>\n<p>GMV for the second quarter of 2021 increased by 25% year over year to RMB48.1 billion from RMB38.4 billion in the prior year period.</p>\n<p>The number of active customers&nbsp;for the second quarter of 2021 increased by 32% year over year to 51.1 million from 38.8 million in the prior year period.</p>\n<p>Total orders&nbsp;for the second quarter of 2021 increased by 30% year over year to 221.5 million from 170.5 million in the prior year period.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Vipshop reports $0.32 earnings per share (non-GAAP), analysts' consensus estimate was $2.37</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVipshop reports $0.32 earnings per share (non-GAAP), analysts' consensus estimate was $2.37\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-08-18 18:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(Aug 18)&nbsp;<a href=\"https://laohu8.com/S/VIPS\">Vipshop</a> reports $0.32 earnings per share (non-GAAP), analysts' consensus estimate was $2.37.</p>\n<p>Vipshop&nbsp;gained&nbsp;nearly&nbsp;6%&nbsp;in&nbsp;premarket&nbsp;trading.</p>\n<p><img src=\"https://static.tigerbbs.com/534a8f80eaa6b053e49a90446b0c2742\" tg-width=\"1207\" tg-height=\"541\" referrerpolicy=\"no-referrer\"></p>\n<p>Vipshop Q2 Non-GAAP EPS of $0.32misses by $0.04; GAAP EPS of $0.24misses by $0.07.</p>\n<p>Revenue of $4.6B (+22.8% Y/Y)&nbsp;beats by $30M.</p>\n<p>GMV for the second quarter of 2021 increased by 25% year over year to RMB48.1 billion from RMB38.4 billion in the prior year period.</p>\n<p>The number of active customers&nbsp;for the second quarter of 2021 increased by 32% year over year to 51.1 million from 38.8 million in the prior year period.</p>\n<p>Total orders&nbsp;for the second quarter of 2021 increased by 30% year over year to 221.5 million from 170.5 million in the prior year period.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VIPS":"唯品会"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139536363","content_text":"(Aug 18) Vipshop reports $0.32 earnings per share (non-GAAP), analysts' consensus estimate was $2.37.\nVipshop gained nearly 6% in premarket trading.\n\nVipshop Q2 Non-GAAP EPS of $0.32misses by $0.04; GAAP EPS of $0.24misses by $0.07.\nRevenue of $4.6B (+22.8% Y/Y) beats by $30M.\nGMV for the second quarter of 2021 increased by 25% year over year to RMB48.1 billion from RMB38.4 billion in the prior year period.\nThe number of active customers for the second quarter of 2021 increased by 32% year over year to 51.1 million from 38.8 million in the prior year period.\nTotal orders for the second quarter of 2021 increased by 30% year over year to 221.5 million from 170.5 million in the prior year period.","news_type":1,"symbols_score_info":{"VIPS":0.9}},"isVote":1,"tweetType":1,"viewCount":2051,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":895642025,"gmtCreate":1628742551767,"gmtModify":1676529839473,"author":{"id":"3577752520804349","authorId":"3577752520804349","name":"ChawKW","avatar":"https://static.tigerbbs.com/8ade0e4b15b15ce9d93b72d9bb81f36c","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3577752520804349","idStr":"3577752520804349"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/895642025","repostId":"1143445979","repostType":4,"repost":{"id":"1143445979","kind":"news","pubTimestamp":1628740791,"share":"https://ttm.financial/m/news/1143445979?lang=&edition=fundamental","pubTime":"2021-08-12 11:59","market":"us","language":"en","title":"US lawmakers introduce bill to rein in Apple, Google app stores","url":"https://stock-news.laohu8.com/highlight/detail?id=1143445979","media":"FOX Business","summary":"The bill would bar big app stores from requiring app providers to use their payment system.\nA bipart","content":"<p><i>The bill would bar big app stores from requiring app providers to use their payment system.</i></p>\n<p>A bipartisan trio of senators introduced a bill that would rein in app stores of companies they said exert too much market control, including&nbsp;<a href=\"https://laohu8.com/S/AAPL\">Apple</a> and <a href=\"https://laohu8.com/S/GOOG\">Alphabet</a> Inc's Google.</p>\n<p>Democratic Senators Richard Blumenthal and Amy Klobuchar teamed up with Republican Senator Marsha Blackburn to sponsor the bill, which would bar big app stores from requiring app providers to use their payment system. It would also prohibit them from punishing apps that offer different prices or conditions through another app store or payment system.</p>\n<p>\"I found this predatory abuse of Apple and Google so deeply offensive on so many levels,\" Blumenthal said in an interview Wednesday. \"Their power has reached a point where they are impacting the whole economy in stifling and strangling innovation.\"</p>\n<table>\n <thead>\n  <tr>\n   <th>Ticker</th>\n   <th>Security</th>\n   <th>Last</th>\n   <th>Change</th>\n   <th>Change %</th>\n  </tr>\n </thead>\n <tbody>\n  <tr>\n   <td>GOOGL</td>\n   <td>ALPHABET, INC.</td>\n   <td>2,725.58</td>\n   <td>-10.56</td>\n   <td>-0.39%</td>\n  </tr>\n  <tr>\n   <td>AAPL</td>\n   <td>APPLE, INC.</td>\n   <td>145.86</td>\n   <td>+0.26</td>\n   <td>+0.18%</td>\n  </tr>\n  <tr></tr>\n </tbody>\n</table>\n<p>Blumenthal said he expected companion legislation in the House of Representatives \"very soon.\"</p>\n<p>The stakes are high for Apple, whose App Store anchors its $53.8 billion services business as the smartphone market has matured.</p>\n<p>Apple said its app store was \"an unprecedented engine of economic growth and innovation, one that now supports more than 2.1 million jobs across all 50 states.\"</p>\n<p>Google declined to comment, but a spokeswoman cited previous company statements that Android devices often come preloaded with two or more app stores and that app sellers can allow downloads without using Google's Play Store.</p>\n<p>The bill won praise from Spotify, Epic and Tile. Tile, which makes tags to find lost objects, complained earlier this year about Apple launching a rival product.</p>\n<p>A similar law revision has been introduced in South Korea. Google said last year it would enforce certain in-app payment methods there and receive 30% commission fees from non-game digital content.</p>\n<p>Apple's control over apps on its Store, and 15% to 30% commissions on digital sales have come under regulatory scrutiny. A federal judge is reviewing testimony to rule on an antitrust lawsuit by \"Fortnite\" creator Epic Games.</p>\n<p>Epic also sued Google for its app store practices, as have a big group of state attorneys general alleging that it unlawfully worked to maintain a monopoly for its app store for Android phones.</p>","source":"lsy1602566126337","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US lawmakers introduce bill to rein in Apple, Google app stores</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS lawmakers introduce bill to rein in Apple, Google app stores\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-12 11:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.foxbusiness.com/technology/us-lawmakers-introduce-bill-to-rein-in-apple-google-app-stores><strong>FOX Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The bill would bar big app stores from requiring app providers to use their payment system.\nA bipartisan trio of senators introduced a bill that would rein in app stores of companies they said exert ...</p>\n\n<a href=\"https://www.foxbusiness.com/technology/us-lawmakers-introduce-bill-to-rein-in-apple-google-app-stores\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOGL":"谷歌A","GOOG":"谷歌","AAPL":"苹果"},"source_url":"https://www.foxbusiness.com/technology/us-lawmakers-introduce-bill-to-rein-in-apple-google-app-stores","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143445979","content_text":"The bill would bar big app stores from requiring app providers to use their payment system.\nA bipartisan trio of senators introduced a bill that would rein in app stores of companies they said exert too much market control, including Apple and Alphabet Inc's Google.\nDemocratic Senators Richard Blumenthal and Amy Klobuchar teamed up with Republican Senator Marsha Blackburn to sponsor the bill, which would bar big app stores from requiring app providers to use their payment system. It would also prohibit them from punishing apps that offer different prices or conditions through another app store or payment system.\n\"I found this predatory abuse of Apple and Google so deeply offensive on so many levels,\" Blumenthal said in an interview Wednesday. \"Their power has reached a point where they are impacting the whole economy in stifling and strangling innovation.\"\n\n\n\nTicker\nSecurity\nLast\nChange\nChange %\n\n\n\n\nGOOGL\nALPHABET, INC.\n2,725.58\n-10.56\n-0.39%\n\n\nAAPL\nAPPLE, INC.\n145.86\n+0.26\n+0.18%\n\n\n\n\nBlumenthal said he expected companion legislation in the House of Representatives \"very soon.\"\nThe stakes are high for Apple, whose App Store anchors its $53.8 billion services business as the smartphone market has matured.\nApple said its app store was \"an unprecedented engine of economic growth and innovation, one that now supports more than 2.1 million jobs across all 50 states.\"\nGoogle declined to comment, but a spokeswoman cited previous company statements that Android devices often come preloaded with two or more app stores and that app sellers can allow downloads without using Google's Play Store.\nThe bill won praise from Spotify, Epic and Tile. Tile, which makes tags to find lost objects, complained earlier this year about Apple launching a rival product.\nA similar law revision has been introduced in South Korea. Google said last year it would enforce certain in-app payment methods there and receive 30% commission fees from non-game digital content.\nApple's control over apps on its Store, and 15% to 30% commissions on digital sales have come under regulatory scrutiny. A federal judge is reviewing testimony to rule on an antitrust lawsuit by \"Fortnite\" creator Epic Games.\nEpic also sued Google for its app store practices, as have a big group of state attorneys general alleging that it unlawfully worked to maintain a monopoly for its app store for Android phones.","news_type":1,"symbols_score_info":{"GOOG":0.9,"GOOGL":0.9,"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":2074,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":149268169,"gmtCreate":1625731346951,"gmtModify":1703747294285,"author":{"id":"3577752520804349","authorId":"3577752520804349","name":"ChawKW","avatar":"https://static.tigerbbs.com/8ade0e4b15b15ce9d93b72d9bb81f36c","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3577752520804349","idStr":"3577752520804349"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/149268169","repostId":"2149313255","repostType":4,"isVote":1,"tweetType":1,"viewCount":1970,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":156239556,"gmtCreate":1625223735075,"gmtModify":1703738705011,"author":{"id":"3577752520804349","authorId":"3577752520804349","name":"ChawKW","avatar":"https://static.tigerbbs.com/8ade0e4b15b15ce9d93b72d9bb81f36c","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3577752520804349","idStr":"3577752520804349"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/156239556","repostId":"1169508078","repostType":4,"repost":{"id":"1169508078","kind":"news","pubTimestamp":1625222328,"share":"https://ttm.financial/m/news/1169508078?lang=&edition=fundamental","pubTime":"2021-07-02 18:38","market":"us","language":"en","title":"Gold & Basel III's Trillion-Dollar Question","url":"https://stock-news.laohu8.com/highlight/detail?id=1169508078","media":"zerohedge","summary":"June 28th has come and gone, which meansthe much-anticipated Basel III “macro prudential regulation”","content":"<p>June 28th&nbsp;has come and gone, which means<b>the much-anticipated Basel III “macro prudential regulation” to make so-called “safe” banks “safer” has officially kicked off in the European Union</b>(as it will on July 1 for U.S. banks and January 1, 2022 for UK banks).</p>\n<p>The trillion-dollar question for gold investors is now obvious: What next?</p>\n<p><b>The short answer is:&nbsp; Gold will rise, but don’t expect a straight line or zero discomfort/volatility.</b></p>\n<p><b>The longer answer, however, deserves a bit more context, unpacking and plain-speak;</b>so, let’s roll up our sleeves and start from the beginning.</p>\n<p><u><b>What is Basel III?</b></u></p>\n<p>Basel III is essentially a long-delayed, controversial and internationally agreed-upon banking regulation which now, among other things, requires commercial banks to change their “net stable funding ratio” for gold held as a tier 1 asset on their balance sheet from 50% to 85% to make banks “stronger and more resilient in times of crisis.”</p>\n<p><i>(Hidden premise: Are the BIS and its regulated banks worried about another “crisis”?)</i></p>\n<p>Translated into non-banker English, for each asset a bank buys, they have to insure “stable funding” (as opposed to repo money, demand deposits or excess leverage) to buy/lever more stuff…</p>\n<p>Translated even more simply, banks can’t use as much “maturity transformation” or “duration mismatches”—i.e., leverage and short-term money for long-term speculation (arbitrage)—to buy and sell precious metals, among other things.</p>\n<p>Basel III, in essence, is requiring banks to engage in longer (rather than shorter-term) lending, and in a nutshell, this makes it far more expensive for banks to own “unallocated” gold, as most of the gold they owned in the past was just tier 3 paperlevered to the moon.</p>\n<p>Getting back to more banker-speak, Basel III is an open move that requires banks to de-lever (slow down) their trade in&nbsp;<i>paper</i>&nbsp;gold.</p>\n<p>This is accomplished by requiring/regulating banks to classify their actual physical gold holdings (bars or coins) as tier-1 (real/safe) assets and their paper gold holdings as tier 3 (levered, unsafe) assets, against which greater reserves will be required.</p>\n<p>Translated once again into actual practice, Basel III means there will be a lot less banking leverage of, say a 400-ounce bar of gold (200:1 in 2016, to just 3:1 today) in the COMEX market, which market is slowly being transformed from a derivative-supported (i.e.,&nbsp;<i>levered</i>) speculators’ exchange to a far more&nbsp;<i>collateralized</i>&nbsp;exchange.</p>\n<p><u><b>Is Basel III Making the World Safer for Honest Banking?</b></u></p>\n<p>Seems like a good thing, right? Less margin, less tier 3 risk, more “stable” assets, more reserves, safer banking practices, stronger bank balance sheets to protect depositors and, hey, perhaps even some actual and honest price discovery for precious metals?</p>\n<p>Well…Yes and No.</p>\n<p>Yes, the new regs will force greater liquidity requirements (“Net Stable Funding Ratios”) on banks, thereby preventing them from saying (falsely) that they have gold when in fact all they had was a lot of levered paper and more than one owner for the physical gold they did have.</p>\n<p>But no, this will not lead to banks suddenly going on a forced buying spree (and skyrocketing price move) to replace all their old tier 3&nbsp;<i>paper</i>&nbsp;gold with shiny new real,&nbsp;<i>physical</i>&nbsp;tier 1 gold to meet the new reserve requirements.</p>\n<p>Despite this, many have made hay online claiming such an instant price rise would follow, but as we’ve&nbsp;<b>said before</b>, banks may be greedy, levered and dishonest, but they aren’t stupid, unprotected or suicidal…</p>\n<p>That is, they’ve known these regs were coming and weren’t in any hysterical panic to nervously collect their pennies and suddenly buy more tier 1 gold and silver to meet the new reg percentages.</p>\n<p>Not at all.</p>\n<p>What many on the pundit-circuit and YouTube universe failed to remind their audience was that well before Basel III’s “reserve requirements” went live, those very same banks were already sitting on plenty of excess reserves thanks to prior bailouts (think 2008…).</p>\n<p>In the U.S. banking sector, for example, the big boys were already well positioned with over $1.6T in excess reserves, yet all that is needed to meet Basel III is another $400B.</p>\n<p>In short, banks are not even close to worrying about a forced purchase of more gold to meet Basel III reserve percentages; instead, they can simply allocate a portion of their fat excess reserves (compliments of you the tax-payer and forced bailout sponsor) to meet the new regs.</p>\n<p><u><b>Re-Arranging (“Classifying”) the Deck Chairs on the Titanic</b></u></p>\n<p>But what we do know from Basel III is that all that unallocated paper gold on the banks’ prior balance sheets needs to be re-considered, re-shuffled and re-classified.</p>\n<p>In plain speak for non-bankers (i.e., the rest of us mortals), this means the banks need to make some decisions.</p>\n<p>That is, will they set aside more money to buy physical gold to replace the paper gold, or will they simply reduce the size and scope of their old bullion business?</p>\n<p>Take a wild guess…</p>\n<p>As noted above, if you were expecting banks like Citi Group and Morgan (JP or Stanley) to suddenly convert all their tier 3 paper gold into tier 1 physical gold to make the 85% quota, think again.</p>\n<p>Instead, they’ll be dumping a lot of the paper gold rather than spark some immediate price surge in the physical market.</p>\n<p>In other words, banks will be reducing the size and scope of the precious metal trade, which adds to the cost of lending to every player in the gold and silver space–from coin shops to mining co’s.</p>\n<p>Trading will tighten and clearing costs will rise to match the wider bid-ask spreads as gold and silver becomes less liquid, which could make institutional investors less interested in precious metals for no other reason than liquidity will be harder and spreads wider.</p>\n<p>Suffice it to say, banks will always follow the path that is best for themselves and more onerous for gold in general and the rest of us little guys (i.e., anyone who isn’t a bank) in particular.</p>\n<p>In short, expect a lot less bullion clearing services and hence much higher trading costs from the primary dealer banks.</p>\n<p>But what does that have to do with the Trillion-dollar question—namely the future direction of gold and silver pricing?</p>\n<p>Good question.</p>\n<p><u><b>Basel III and Precious Metal Pricing</b></u><b>A. The Bearish/Cynical Take</b></p>\n<p>As the traders say, buy the rumor and sell the news.</p>\n<p>For the last three months, as Basel III rumors spread, gold saw a great deal of short covering and price upticks.</p>\n<p>But once the so-called Basel III “news” approached the June 28 deadline, the selling kicked in on que and gold saw expected falls, which should be classic dip-buying signals for far-sighted investors.</p>\n<p>Near-term, the fact that banks are reducing their bullion trades (or re-arranging their unallocated/tier 3 gold and allocated tier 1 gold) is not exactly a bullish signal for gold.</p>\n<p>In the UK, for example, the very perturbed LBMA banks live and breathe primarily in the clearing and settling of unallocated, “paper” gold and silver—i.e., the very tier 3 assets most impacted by Basel III.</p>\n<p>As indicated above, the UK’s regulatory clock starts ticking in January, so we can expect some serious stress (i.e., lower volume) in the soon-to-be beleaguered LBMA market in 2022.</p>\n<p>For true cynics, it’s tempting to simply see Basel III as a clever way for the BIS and their central and commercial bank minions (think Deutsche Bank) to create a tightened gold trade designed to stifle gold market activity/lending and hence shield their otherwise worthless fiat currencies, as nothing scares broke sovereigns and fake currencies more than rising gold prices.</p>\n<p>Furthermore, Basel III creates a convenient setting to push gold down and thus allow banks to front run the dip and buy more of the same at lower prices. Such cheating is nothing new from the big banks…</p>\n<p>Fair point—from a cynic like myself.</p>\n<p>But let’s stick to what we know in real time.</p>\n<p>In particular, we can assert that the smaller players and traders in the gold space are about to feel a tight and painful pinch in everything from liquidity to loan terms.</p>\n<p>Thus, for smaller enterprises in the gold sector (miners, mints, jewelers and refiners for example) who rely upon inexpensive and readily available liquidity (or loan terms), many will, as always, get priced out by the big players or loan-averse banks as more consolidation in this otherwise shrinking trading/lending universe takes place.</p>\n<p>And as for gold traders hoping to go long to actual delivery on futures contracts with tight spreads, they’ll quickly discover that thanks to Basel III, they won’t be able to afford/use leverage to take physical delivery, but will instead have to keep rolling their contracts at a much higher price and wider spread.</p>\n<p>Why?</p>\n<p>Because unlike banks, whose cost of capital is zero, normal traders won’t be given a margin account from those same (and newly regulated) banks to pay for actual delivery.</p>\n<p>That’s why the big banks banks are natural gold shorts: They know most traders can’t go long to full delivery.</p>\n<p>In other words, the cost (as well as widening bid-ask spreads) of clearing and settling precious metal trades, as well as the cost of borrowing (and hedging) for miners and refiners in this sector will rise considerably as banks push the rising costs down the food chain while making profits on what is effectively their own “insiders arbitrage.”</p>\n<p>Such shrinkage in bank “precious metal departments” could make gold less attractive to certain parties (expect far less players in the LBMA pitch), and hence push precious metals downward.</p>\n<p><b>B. Some Volatility &amp; Bullish Inevitability</b></p>\n<p>On the bullish side, however, a smaller precious metals market combined with more demand and higher transactional costs can send prices higher, not lower.</p>\n<p>Furthermore, the fact that Basel III reclassifies physical, or allocated, gold as a tier 1, zero-risk asset, means more banks (commercial and central) are likely to increase their&nbsp;<i>vaulted</i>&nbsp;positions of gold and silver.</p>\n<p>That’s bullish.</p>\n<p>But as already noted, be it forward contracts in London or futures contracts on COMEX, banks will clearly be less encouraged or voluminous in the precious metal&nbsp;<i>trade</i>.</p>\n<p>For this reason, I, and many others, expect greater&nbsp;<i>price volatility</i>&nbsp;in gold and silver, but ultimately far better&nbsp;<i>price discovery</i>&nbsp;when the myriad other gold tailwinds of which we’ve written (i.e.,&nbsp;<b>rising inflation</b>,&nbsp;<b>negative real rates</b>,&nbsp;<b>central bank loan guarantees</b>,&nbsp;<b>expanding money supply</b>&nbsp;and a&nbsp;<b>falling dollar</b>)&nbsp;<i>outside</i>&nbsp;of Basel III send gold demand (and hence gold prices) naturally higher.</p>\n<p>With the Basel III regs in place in such a macro tailwind environment for gold, there will be far less big-bank paper-shorts impacting silver and gold’s natural price rises going forward.</p>\n<p>This means actual&nbsp;<i>price discovery</i>&nbsp;as opposed to artificial&nbsp;<b><i>price fixing</i></b>&nbsp;by the COMEX’s big banks.</p>\n<p>Thus, if the BIS was hoping to discourage gold via Basel III, they may want to be careful what they ask for, as their plan is likely to backfire as the rest of the world’s currencies are already on fire and&nbsp;<b>burning to ash</b>.</p>\n<p><u><b>Putting It Together</b></u></p>\n<p>In sum, there is a wide arc of opinions and possibilities as to the near-term and longer-term impact of Basel III on gold and silver pricing.</p>\n<p><b>As stated above, we can expect increased price volatility, and even further declines in precious metals, but longer term, the arc of history, improved price discovery and the good ol’ natural laws of supply and demand make gold an undeniably critical asset going forward.</b></p>\n<p>At Matterhorn Asset Management, we serve sophisticated precious metal&nbsp;<i>investors</i>&nbsp;and&nbsp;<i>wealth preservation</i>&nbsp;clients, not speculators, pattern traders or trend followers.</p>\n<p>As such, near-term price moves on the backs of headline-making regulations never detract us, or our clients, from the blunt recognition that the global financial system in general, and global currencies in particular, are heading nowhere but downward.</p>\n<p>Gold is insurance against a system already on fire.</p>\n<p>Ironically, the very fact that the Basel III regs are making noise today is just further evidence of this ultimate direction.</p>\n<p>That is, the fear (as well as unspoken realization) that the very financial system which the BIS and others have mis-managed for years is now at risk-levels never seen before in history precisely explains what prompted Basel III’s arrival&nbsp;<i>today</i>&nbsp;after so many false starts&nbsp;<i>yesterday</i>.</p>\n<p>In other words, the very&nbsp;<b>architects of the global financialcrisis</b>&nbsp;(an unprecedented global debt disaster coupled with a risk-asset mega bubble) are worried about the catastrophe they alone created and which they can no longer pin on the COVID (fiasco).</p>\n<p>Unlike those “banking experts,” we in Zurich have always played the long game not the putting green.</p>\n<p>Regardless of whether Basel III brings near-term mayhem or calm to the gold markets, we have zero doubts that the only assets to bring individual calm to such global mayhem in this broken financial setting are the very same assets the big boys are currently doing their best to “regulate,” namely: Gold and silver.</p>\n<p>Ironically, and despite even Basel III’s attempt to make allocated gold a risk-free priority over unallocated paper gold on their own balance sheets, we also know, and have know for decades, that even the “allocated” gold held by their bank customers is not in fact owned by the customers, but by the banks themselves.</p>\n<p>That’s why we store our clients’ fully-insured precious metals&nbsp;<i>outside</i>&nbsp;of this fractured and band-aid regulated banking system in secured vaults where the gold is held and marked in&nbsp;<i>client</i>&nbsp;names, not ours.</p>\n<p>Alas: Zero counter-party risk, 100% ownership.</p>\n<p>Stated otherwise, we’ve been thinking way ahead of the bankers and their regulators for years.</p>\n<p>Amidst all this noise are simple guideposts.</p>\n<p><b>We knew physical gold was a “safe asset” long before Basel III made it tier 1 official; we also knew, like many other sophisticated investors, that “non-yielding” physical gold was a far superior asset than</b><b><i>negative</i></b><b>&nbsp;yielding sovereign bonds (i.e., “return-free risk”)…</b></p>\n<p>Heck, even the central banks themselves can’t deny this, which is why they’ve been purchasing more gold than Treasuries.</p>\n<p><img src=\"https://static.tigerbbs.com/32f7086123d8f53ad709809b9beabf9f\" tg-width=\"500\" tg-height=\"450\"></p>\n<p><b>In short, what banks do and what they say are very different things. Basel III is just another attempt to make the unsafe&nbsp;</b><b><i>appear</i></b><b>&nbsp;safe, whereas we’ve been safe (and more prepared) all along.</b></p>\n<p>For serious precious metal investors seeking genuine wealth preservation and currency insurance managed by the global leader in premier gold and silver stored in the world’s most secure vault, we are a far better choice than the banks.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Gold & Basel III's Trillion-Dollar Question</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGold & Basel III's Trillion-Dollar Question\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-02 18:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/commodities/gold-basel-iiis-trillion-dollar-question?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>June 28th has come and gone, which meansthe much-anticipated Basel III “macro prudential regulation” to make so-called “safe” banks “safer” has officially kicked off in the European Union(as it will ...</p>\n\n<a href=\"https://www.zerohedge.com/commodities/gold-basel-iiis-trillion-dollar-question?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯","SPY":"标普500ETF",".IXIC":"NASDAQ Composite"},"source_url":"https://www.zerohedge.com/commodities/gold-basel-iiis-trillion-dollar-question?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169508078","content_text":"June 28th has come and gone, which meansthe much-anticipated Basel III “macro prudential regulation” to make so-called “safe” banks “safer” has officially kicked off in the European Union(as it will on July 1 for U.S. banks and January 1, 2022 for UK banks).\nThe trillion-dollar question for gold investors is now obvious: What next?\nThe short answer is:  Gold will rise, but don’t expect a straight line or zero discomfort/volatility.\nThe longer answer, however, deserves a bit more context, unpacking and plain-speak;so, let’s roll up our sleeves and start from the beginning.\nWhat is Basel III?\nBasel III is essentially a long-delayed, controversial and internationally agreed-upon banking regulation which now, among other things, requires commercial banks to change their “net stable funding ratio” for gold held as a tier 1 asset on their balance sheet from 50% to 85% to make banks “stronger and more resilient in times of crisis.”\n(Hidden premise: Are the BIS and its regulated banks worried about another “crisis”?)\nTranslated into non-banker English, for each asset a bank buys, they have to insure “stable funding” (as opposed to repo money, demand deposits or excess leverage) to buy/lever more stuff…\nTranslated even more simply, banks can’t use as much “maturity transformation” or “duration mismatches”—i.e., leverage and short-term money for long-term speculation (arbitrage)—to buy and sell precious metals, among other things.\nBasel III, in essence, is requiring banks to engage in longer (rather than shorter-term) lending, and in a nutshell, this makes it far more expensive for banks to own “unallocated” gold, as most of the gold they owned in the past was just tier 3 paperlevered to the moon.\nGetting back to more banker-speak, Basel III is an open move that requires banks to de-lever (slow down) their trade in paper gold.\nThis is accomplished by requiring/regulating banks to classify their actual physical gold holdings (bars or coins) as tier-1 (real/safe) assets and their paper gold holdings as tier 3 (levered, unsafe) assets, against which greater reserves will be required.\nTranslated once again into actual practice, Basel III means there will be a lot less banking leverage of, say a 400-ounce bar of gold (200:1 in 2016, to just 3:1 today) in the COMEX market, which market is slowly being transformed from a derivative-supported (i.e., levered) speculators’ exchange to a far more collateralized exchange.\nIs Basel III Making the World Safer for Honest Banking?\nSeems like a good thing, right? Less margin, less tier 3 risk, more “stable” assets, more reserves, safer banking practices, stronger bank balance sheets to protect depositors and, hey, perhaps even some actual and honest price discovery for precious metals?\nWell…Yes and No.\nYes, the new regs will force greater liquidity requirements (“Net Stable Funding Ratios”) on banks, thereby preventing them from saying (falsely) that they have gold when in fact all they had was a lot of levered paper and more than one owner for the physical gold they did have.\nBut no, this will not lead to banks suddenly going on a forced buying spree (and skyrocketing price move) to replace all their old tier 3 paper gold with shiny new real, physical tier 1 gold to meet the new reserve requirements.\nDespite this, many have made hay online claiming such an instant price rise would follow, but as we’ve said before, banks may be greedy, levered and dishonest, but they aren’t stupid, unprotected or suicidal…\nThat is, they’ve known these regs were coming and weren’t in any hysterical panic to nervously collect their pennies and suddenly buy more tier 1 gold and silver to meet the new reg percentages.\nNot at all.\nWhat many on the pundit-circuit and YouTube universe failed to remind their audience was that well before Basel III’s “reserve requirements” went live, those very same banks were already sitting on plenty of excess reserves thanks to prior bailouts (think 2008…).\nIn the U.S. banking sector, for example, the big boys were already well positioned with over $1.6T in excess reserves, yet all that is needed to meet Basel III is another $400B.\nIn short, banks are not even close to worrying about a forced purchase of more gold to meet Basel III reserve percentages; instead, they can simply allocate a portion of their fat excess reserves (compliments of you the tax-payer and forced bailout sponsor) to meet the new regs.\nRe-Arranging (“Classifying”) the Deck Chairs on the Titanic\nBut what we do know from Basel III is that all that unallocated paper gold on the banks’ prior balance sheets needs to be re-considered, re-shuffled and re-classified.\nIn plain speak for non-bankers (i.e., the rest of us mortals), this means the banks need to make some decisions.\nThat is, will they set aside more money to buy physical gold to replace the paper gold, or will they simply reduce the size and scope of their old bullion business?\nTake a wild guess…\nAs noted above, if you were expecting banks like Citi Group and Morgan (JP or Stanley) to suddenly convert all their tier 3 paper gold into tier 1 physical gold to make the 85% quota, think again.\nInstead, they’ll be dumping a lot of the paper gold rather than spark some immediate price surge in the physical market.\nIn other words, banks will be reducing the size and scope of the precious metal trade, which adds to the cost of lending to every player in the gold and silver space–from coin shops to mining co’s.\nTrading will tighten and clearing costs will rise to match the wider bid-ask spreads as gold and silver becomes less liquid, which could make institutional investors less interested in precious metals for no other reason than liquidity will be harder and spreads wider.\nSuffice it to say, banks will always follow the path that is best for themselves and more onerous for gold in general and the rest of us little guys (i.e., anyone who isn’t a bank) in particular.\nIn short, expect a lot less bullion clearing services and hence much higher trading costs from the primary dealer banks.\nBut what does that have to do with the Trillion-dollar question—namely the future direction of gold and silver pricing?\nGood question.\nBasel III and Precious Metal PricingA. The Bearish/Cynical Take\nAs the traders say, buy the rumor and sell the news.\nFor the last three months, as Basel III rumors spread, gold saw a great deal of short covering and price upticks.\nBut once the so-called Basel III “news” approached the June 28 deadline, the selling kicked in on que and gold saw expected falls, which should be classic dip-buying signals for far-sighted investors.\nNear-term, the fact that banks are reducing their bullion trades (or re-arranging their unallocated/tier 3 gold and allocated tier 1 gold) is not exactly a bullish signal for gold.\nIn the UK, for example, the very perturbed LBMA banks live and breathe primarily in the clearing and settling of unallocated, “paper” gold and silver—i.e., the very tier 3 assets most impacted by Basel III.\nAs indicated above, the UK’s regulatory clock starts ticking in January, so we can expect some serious stress (i.e., lower volume) in the soon-to-be beleaguered LBMA market in 2022.\nFor true cynics, it’s tempting to simply see Basel III as a clever way for the BIS and their central and commercial bank minions (think Deutsche Bank) to create a tightened gold trade designed to stifle gold market activity/lending and hence shield their otherwise worthless fiat currencies, as nothing scares broke sovereigns and fake currencies more than rising gold prices.\nFurthermore, Basel III creates a convenient setting to push gold down and thus allow banks to front run the dip and buy more of the same at lower prices. Such cheating is nothing new from the big banks…\nFair point—from a cynic like myself.\nBut let’s stick to what we know in real time.\nIn particular, we can assert that the smaller players and traders in the gold space are about to feel a tight and painful pinch in everything from liquidity to loan terms.\nThus, for smaller enterprises in the gold sector (miners, mints, jewelers and refiners for example) who rely upon inexpensive and readily available liquidity (or loan terms), many will, as always, get priced out by the big players or loan-averse banks as more consolidation in this otherwise shrinking trading/lending universe takes place.\nAnd as for gold traders hoping to go long to actual delivery on futures contracts with tight spreads, they’ll quickly discover that thanks to Basel III, they won’t be able to afford/use leverage to take physical delivery, but will instead have to keep rolling their contracts at a much higher price and wider spread.\nWhy?\nBecause unlike banks, whose cost of capital is zero, normal traders won’t be given a margin account from those same (and newly regulated) banks to pay for actual delivery.\nThat’s why the big banks banks are natural gold shorts: They know most traders can’t go long to full delivery.\nIn other words, the cost (as well as widening bid-ask spreads) of clearing and settling precious metal trades, as well as the cost of borrowing (and hedging) for miners and refiners in this sector will rise considerably as banks push the rising costs down the food chain while making profits on what is effectively their own “insiders arbitrage.”\nSuch shrinkage in bank “precious metal departments” could make gold less attractive to certain parties (expect far less players in the LBMA pitch), and hence push precious metals downward.\nB. Some Volatility & Bullish Inevitability\nOn the bullish side, however, a smaller precious metals market combined with more demand and higher transactional costs can send prices higher, not lower.\nFurthermore, the fact that Basel III reclassifies physical, or allocated, gold as a tier 1, zero-risk asset, means more banks (commercial and central) are likely to increase their vaulted positions of gold and silver.\nThat’s bullish.\nBut as already noted, be it forward contracts in London or futures contracts on COMEX, banks will clearly be less encouraged or voluminous in the precious metal trade.\nFor this reason, I, and many others, expect greater price volatility in gold and silver, but ultimately far better price discovery when the myriad other gold tailwinds of which we’ve written (i.e., rising inflation, negative real rates, central bank loan guarantees, expanding money supply and a falling dollar) outside of Basel III send gold demand (and hence gold prices) naturally higher.\nWith the Basel III regs in place in such a macro tailwind environment for gold, there will be far less big-bank paper-shorts impacting silver and gold’s natural price rises going forward.\nThis means actual price discovery as opposed to artificial price fixing by the COMEX’s big banks.\nThus, if the BIS was hoping to discourage gold via Basel III, they may want to be careful what they ask for, as their plan is likely to backfire as the rest of the world’s currencies are already on fire and burning to ash.\nPutting It Together\nIn sum, there is a wide arc of opinions and possibilities as to the near-term and longer-term impact of Basel III on gold and silver pricing.\nAs stated above, we can expect increased price volatility, and even further declines in precious metals, but longer term, the arc of history, improved price discovery and the good ol’ natural laws of supply and demand make gold an undeniably critical asset going forward.\nAt Matterhorn Asset Management, we serve sophisticated precious metal investors and wealth preservation clients, not speculators, pattern traders or trend followers.\nAs such, near-term price moves on the backs of headline-making regulations never detract us, or our clients, from the blunt recognition that the global financial system in general, and global currencies in particular, are heading nowhere but downward.\nGold is insurance against a system already on fire.\nIronically, the very fact that the Basel III regs are making noise today is just further evidence of this ultimate direction.\nThat is, the fear (as well as unspoken realization) that the very financial system which the BIS and others have mis-managed for years is now at risk-levels never seen before in history precisely explains what prompted Basel III’s arrival today after so many false starts yesterday.\nIn other words, the very architects of the global financialcrisis (an unprecedented global debt disaster coupled with a risk-asset mega bubble) are worried about the catastrophe they alone created and which they can no longer pin on the COVID (fiasco).\nUnlike those “banking experts,” we in Zurich have always played the long game not the putting green.\nRegardless of whether Basel III brings near-term mayhem or calm to the gold markets, we have zero doubts that the only assets to bring individual calm to such global mayhem in this broken financial setting are the very same assets the big boys are currently doing their best to “regulate,” namely: Gold and silver.\nIronically, and despite even Basel III’s attempt to make allocated gold a risk-free priority over unallocated paper gold on their own balance sheets, we also know, and have know for decades, that even the “allocated” gold held by their bank customers is not in fact owned by the customers, but by the banks themselves.\nThat’s why we store our clients’ fully-insured precious metals outside of this fractured and band-aid regulated banking system in secured vaults where the gold is held and marked in client names, not ours.\nAlas: Zero counter-party risk, 100% ownership.\nStated otherwise, we’ve been thinking way ahead of the bankers and their regulators for years.\nAmidst all this noise are simple guideposts.\nWe knew physical gold was a “safe asset” long before Basel III made it tier 1 official; we also knew, like many other sophisticated investors, that “non-yielding” physical gold was a far superior asset thannegative yielding sovereign bonds (i.e., “return-free risk”)…\nHeck, even the central banks themselves can’t deny this, which is why they’ve been purchasing more gold than Treasuries.\n\nIn short, what banks do and what they say are very different things. Basel III is just another attempt to make the unsafe appear safe, whereas we’ve been safe (and more prepared) all along.\nFor serious precious metal investors seeking genuine wealth preservation and currency insurance managed by the global leader in premier gold and silver stored in the world’s most secure vault, we are a far better choice than the banks.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,"SPY":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2300,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127250320,"gmtCreate":1624852295760,"gmtModify":1703846230513,"author":{"id":"3577752520804349","authorId":"3577752520804349","name":"ChawKW","avatar":"https://static.tigerbbs.com/8ade0e4b15b15ce9d93b72d9bb81f36c","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3577752520804349","idStr":"3577752520804349"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/127250320","repostId":"2146007118","repostType":4,"isVote":1,"tweetType":1,"viewCount":2293,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":124580053,"gmtCreate":1624772358172,"gmtModify":1703844927425,"author":{"id":"3577752520804349","authorId":"3577752520804349","name":"ChawKW","avatar":"https://static.tigerbbs.com/8ade0e4b15b15ce9d93b72d9bb81f36c","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3577752520804349","idStr":"3577752520804349"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/124580053","repostId":"2146090006","repostType":4,"isVote":1,"tweetType":1,"viewCount":2125,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125598133,"gmtCreate":1624678941322,"gmtModify":1703843472159,"author":{"id":"3577752520804349","authorId":"3577752520804349","name":"ChawKW","avatar":"https://static.tigerbbs.com/8ade0e4b15b15ce9d93b72d9bb81f36c","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3577752520804349","idStr":"3577752520804349"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/125598133","repostId":"1175794606","repostType":4,"isVote":1,"tweetType":1,"viewCount":2010,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":122637809,"gmtCreate":1624616092001,"gmtModify":1703841789985,"author":{"id":"3577752520804349","authorId":"3577752520804349","name":"ChawKW","avatar":"https://static.tigerbbs.com/8ade0e4b15b15ce9d93b72d9bb81f36c","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3577752520804349","idStr":"3577752520804349"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/122637809","repostId":"2146023165","repostType":4,"isVote":1,"tweetType":1,"viewCount":1855,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166049444,"gmtCreate":1623986364888,"gmtModify":1703825725347,"author":{"id":"3577752520804349","authorId":"3577752520804349","name":"ChawKW","avatar":"https://static.tigerbbs.com/8ade0e4b15b15ce9d93b72d9bb81f36c","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3577752520804349","idStr":"3577752520804349"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/166049444","repostId":"1112448941","repostType":4,"repost":{"id":"1112448941","kind":"news","pubTimestamp":1623984287,"share":"https://ttm.financial/m/news/1112448941?lang=&edition=fundamental","pubTime":"2021-06-18 10:44","market":"us","language":"en","title":"Crypto Mining Could Give Huge Boost to Seagate and Western Digital Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=1112448941","media":"Barrons","summary":"Disk-drive demand continues to be warped by the rapid adoption of Chia, a cryptocurrency that relies","content":"<p>Disk-drive demand continues to be warped by the rapid adoption of Chia, a cryptocurrency that relies on large capacity drives to “farm” new coins.</p>\n<p>, Chia uses a different model than other cryptocurrencies to create new coins. Most cryptocurrencies rely on a “proof of work” model to verify transactions: Miners solve complex mathematical problems that require lots of computational power to earn coins, which explains why traditional mining is so energy-intensive.</p>\n<p>Chia’s approach, by contrast, is tied to storage capacity committed to being used on the blockchain, rather than computational might. And that is warping demand for high-capacity drives.</p>\n<p>In a research note on Thursday, Loop Capital analyst&nbsp;Ananda Baruah&nbsp;asserts that both&nbsp;SeagateTechnology Holdings (ticker: STX) and&nbsp;Western Digital(WDC)—which together control most of the world’s disk-drive production—could see a sustained boost to both pricing and profits from the Chia-driven acceleration in demand for high-capacity drives.</p>\n<p>If that demand is sustained, he asserts, Seagate’s annualized earnings could reach $12 a share, well above the Street’s consensus forecasts of profits of $5.52 a share for the June 2021 fiscal year, $7.48 for fiscal 2022, and $7.71 for fiscal 2023. For Western Digital, he writes, profits could reach the $10-$12-per-share range, which compares to Street estimates of $3.83 for the June 2021 fiscal year, $8.87 for fiscal 2022, and $10.54 for fiscal 2023.</p>\n<p>While the impact on drive pricing from Chia farming has largely been at the retail level and through distributors, Baruah sees the trend overflowing to contract pricing if the Chia trend is sustained, with higher prices possible for drives sold to both cloud-computing companies and major data-storage systems companies like Hewlett Packard Enterprise (HPE),Dell Technologies‘ (DELL) EMC unit, and&nbsp;NetApp(NTAP).</p>\n<p>He contends that both Seagate and Western Digital have begun holding conversations on shifting average selling prices higher. And he adds that “if all of this holds, gross margin expansion could have a long way to go.”</p>\n<p>With distributor inventories depleted, Baruah adds, the hard-drive suppliers are “in prime position” heading into the calendar second half to see elevated pricing. He notes that the last time there was an event-driven price reset in the drive market was 10 years ago, when severe flooding in Thailand knocked out a substantial portion of drive manufacturing capacity. This time, he says, there is less excess capacity in the system, with limited suppliers of both recording heads and magnetic media constraining the ability to satisfy demand.</p>\n<p>Baruah maintains his Buy ratings on both Seagate and Western Digital. He has price targets of $100 on Seagate and $90 on Western. Both stocks are lower in recent trading, with Seagate off 4.2%, at $88.82, and Western Digital down 3.4%, at $70.77. The&nbsp;S&amp;P 500&nbsp;index is down 0.04%.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto Mining Could Give Huge Boost to Seagate and Western Digital Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto Mining Could Give Huge Boost to Seagate and Western Digital Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 10:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/crypto-mining-could-give-huge-boost-to-seagate-and-western-digital-stock-51623944488?mod=hp_DAY_7><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Disk-drive demand continues to be warped by the rapid adoption of Chia, a cryptocurrency that relies on large capacity drives to “farm” new coins.\n, Chia uses a different model than other ...</p>\n\n<a href=\"https://www.barrons.com/articles/crypto-mining-could-give-huge-boost-to-seagate-and-western-digital-stock-51623944488?mod=hp_DAY_7\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WDC":"西部数据","STX":"希捷科技"},"source_url":"https://www.barrons.com/articles/crypto-mining-could-give-huge-boost-to-seagate-and-western-digital-stock-51623944488?mod=hp_DAY_7","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112448941","content_text":"Disk-drive demand continues to be warped by the rapid adoption of Chia, a cryptocurrency that relies on large capacity drives to “farm” new coins.\n, Chia uses a different model than other cryptocurrencies to create new coins. Most cryptocurrencies rely on a “proof of work” model to verify transactions: Miners solve complex mathematical problems that require lots of computational power to earn coins, which explains why traditional mining is so energy-intensive.\nChia’s approach, by contrast, is tied to storage capacity committed to being used on the blockchain, rather than computational might. And that is warping demand for high-capacity drives.\nIn a research note on Thursday, Loop Capital analyst Ananda Baruah asserts that both SeagateTechnology Holdings (ticker: STX) and Western Digital(WDC)—which together control most of the world’s disk-drive production—could see a sustained boost to both pricing and profits from the Chia-driven acceleration in demand for high-capacity drives.\nIf that demand is sustained, he asserts, Seagate’s annualized earnings could reach $12 a share, well above the Street’s consensus forecasts of profits of $5.52 a share for the June 2021 fiscal year, $7.48 for fiscal 2022, and $7.71 for fiscal 2023. For Western Digital, he writes, profits could reach the $10-$12-per-share range, which compares to Street estimates of $3.83 for the June 2021 fiscal year, $8.87 for fiscal 2022, and $10.54 for fiscal 2023.\nWhile the impact on drive pricing from Chia farming has largely been at the retail level and through distributors, Baruah sees the trend overflowing to contract pricing if the Chia trend is sustained, with higher prices possible for drives sold to both cloud-computing companies and major data-storage systems companies like Hewlett Packard Enterprise (HPE),Dell Technologies‘ (DELL) EMC unit, and NetApp(NTAP).\nHe contends that both Seagate and Western Digital have begun holding conversations on shifting average selling prices higher. And he adds that “if all of this holds, gross margin expansion could have a long way to go.”\nWith distributor inventories depleted, Baruah adds, the hard-drive suppliers are “in prime position” heading into the calendar second half to see elevated pricing. He notes that the last time there was an event-driven price reset in the drive market was 10 years ago, when severe flooding in Thailand knocked out a substantial portion of drive manufacturing capacity. This time, he says, there is less excess capacity in the system, with limited suppliers of both recording heads and magnetic media constraining the ability to satisfy demand.\nBaruah maintains his Buy ratings on both Seagate and Western Digital. He has price targets of $100 on Seagate and $90 on Western. Both stocks are lower in recent trading, with Seagate off 4.2%, at $88.82, and Western Digital down 3.4%, at $70.77. The S&P 500 index is down 0.04%.","news_type":1,"symbols_score_info":{"WDC":0.9,"STX":0.9}},"isVote":1,"tweetType":1,"viewCount":1931,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}