Breaking news: Elon Musk says Bitcoin is a truly energy-based currency. "You can't control energy through legislation."

Gemini app downloads are catching up with ChatGPT, and Gemini users are now spending more time on the app than ChatGPT users.

US Black Friday Sales Hit Record High According to data from Adobe Analytics, online sales in the US reached a record $11.8 billion on Black Friday, a 9.1% increase from last year. Adobe predicts that US consumers will spend $5.5 billion on Saturday and $5.9 billion on Sunday. Salesforce reports that total Black Friday sales reached $18 billion, with luxury apparel and accessories leading the way. Despite the increase in spending, consumers purchased fewer items due to rising prices. Brick-and-mortar store traffic declined due to concerns about overspending amid inflation and economic uncertainty. Adobe stated that it expects Cyber Monday to lead the quarter, with online sales reaching $14.2 billion.

Gold/Silver 60/40 Portfolio: Up 70% year-to-date S&P/Nasdaq 60/40 Portfolio: Up 20% year-to-date A Bumper Trade Disclosure: I have held a long position in SLV since the mid-1940s.

Silver prices remain hot. As expected, after more than three years of a gold bull market, silver has begun to outperform gold. However, the ratio between the two still has a long way to go.

This Thanksgiving, we give thanks for the gifts of freedom, family, and country. The strength of America stems from the hard work, unwavering faith, and tireless efforts of its people—values that have guided us since the founding of our nation.

Happy Thanksgiving to everyone and your families! Thank you all for your love and care over the years. Wishing you all the best! 🫡

The second article in my series on Bitcoin and quantum risk has been published:

Druckenmiller essentially acknowledges a fact most investors are unwilling to admit: You don't need to be first to market. You just need to identify the trends… and make appropriate assessments as the world changes.

A month ago, the Federal Reserve confidently predicted a rate cut in December; last week, it announced no rate cut; and now it says a rate cut is very likely. All of this has happened without any substantial new economic data being released, while the effects of pandemic lockdowns continue. The Fed's communication mechanisms desperately need improvement; this is simply absurd.