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Reddit & Weep

Daniel Chase

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Everyone has that spot in their home where, no matter how hard you try to keep tabs on things, they always end up in that location. For me, it’s under the coffee table, by the back left arm. I can’t explain why, or how, this happens, but whenever I can’t seem to find the left sandal, or my favorite hoodie, I always go back to that spot under the coffee table. It’s almost as if the center of the universe, or at least my personal one bedroom universe exists in my living room. 

For those of you familiar with popular websites online, I posit that Reddit, the “front page of the internet,” is the online equivalent of that spot in your house where everything ends up.

Reddit was founded back in 2005 by Steve Huffman and Alexis Ohanian with the idea of creating a site that resembled the front page of a major newspaper, but rather than solely current events, the content of the site would be anything and everything trending on the internet. Per current statistics, Reddit boasts an online community of 330 million monthly active users who follow the site’s some 150,000 Subreddits. 

Reddit was founded back in 2005 by Steve Huffman and Alexis Ohanian with the idea of creating a site that resembled the front page of a major newspaper, but rather than solely current events, the content of the site would be anything and everything trending on the internet. Per current statistics, Reddit boasts an online community of 330 million monthly active users who follow the site’s some 150,000 Subreddits. 

A Subreddit is a condensed, more specific section of the site, dedicated to a certain topic or idea. Some Subreddits include “r/AskReddit,” “r/mildyinteresting,” and virtually any category you could possibly imagine, and at least several you wouldn’t dare admit to your friends about searching for.

All in all, if you haven’t used the site, you’re truly missing out because when you think about it, there’s so much information on the internet, and Reddit allows users to find what they need all in one location. 

All in all, if you haven’t used the site, you’re truly missing out because when you think about it, there’s so much information on the internet, and Reddit allows users to find what they need all in one location. 

In recent news, the front page of the internet is looking to raise somewhere between $150 million to $300 million to keep its virtual doors open to users, according to TechCrunch.

Per several sources, the upcoming Series D round of funding is reportedly being captained by Chinese tech behemoth Tencent (TCTZF) at a $2.7 billion pre-money valuation. In 2018, the site garnered significant investor attention when Reddit’s leadership team decided to sell cost per click ads in addition to users spending money to boost certain posts, cost per impressions, as well as video ads. 

It would seem that Reddit is slowly but surely becoming a virtual periodical given its recent inclination to include near-print ads. Back in December 2018, Reddit announced that it had surpassed 1 billion video views per month, up nearly 40% from two months prior when the site launched its own video streaming platform. 

Aside from being a site where parents try to stay relevant by sending their children dank memes and gifs, the site represents all that is both good and horrible with the internet. One could presumably spend years pouring through the depths of the various Subreddits on the site, getting lost in comments submitted by users and administrators.

The important fact to recognize here is that, as humans, we instinctively crave new information, no matter the subject matter, as a means of having more touch points to connect with those around us. 

At a time where social media platforms are as trustworthy as parents telling their teenagers that Santa still exists, it’s hard out there for websites that have yet to break hearts with data breaches to remain above water.

Assuming Reddit’s forthcoming round of funding goes as planned, the $150 million from Tencent (TCTZF) will help the site sustain itself as they look to other investors for the cash necessary to keep the train moving.

For me, Reddit represents the last free space on the internet, where trolls and academics argue with button-mashing accuracy, and dank memes flow like water. It would be a shame for Reddit to disappear, or worse, become solely a means of generating income through obnoxious click-ads. 

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Got That Friday Feeling? We Do Too! April 26, 2019 Morning Update

Jon Phillip

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Can You Detect A Winner?

We live in a world where threats to our safety, both large and small, have impacted the way we as a society live.  Increased security measures are being taken in several aspects of daily life such as entering a school or even a baseball game, often causing large delays.  Worse off, not all current security measures are stopping these threats before they happen. One company is working on a solution to combat these issues, NOW. Click Here & See For Yourself

Reviving The Lost Interest In The Gold Mines: McEwen

From the viewpoint of a mining executive, a loss in interest in gold mines is being assessed. After dabbling in other activities in the mining sector, firms and companies must switch back to their core activity of finding new gold mines. What could this mean for mining stocks? Click For Full Article

Saudi’s Minister Has No Plans To Boost Oil Production After Iran Oil Waivers End

On Wednesday, Saudi Arabia’s Energy minister Khalid al-Falih said that there was no need to immediately increase oil output. This followed the ending of waivers granted by the US to Iranian crude oil buyers. He added that Saudi Arabia will only respond to increase oil output if there is an increase in demand. Read More, Now.

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Energy

Saudi’s Minister Has No Plans To Boost Oil Production After Iran Oil Waivers End

Jon Phillip

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oil and gas news

On Wednesday, Saudi Arabia’s Energy minister Khalid al-Falih said that there was no need to immediately increase oil output. This followed the ending of waivers granted by the US to Iranian crude oil buyers. He added that Saudi Arabia will only respond to increase oil output if there is an increase in demand.

The Decision Not To Increase Output Based On Market Fundamentals

The minister said that his decision was based on oil market fundamentals rather than prices and that they still remain focused on stabilizing the global oil market.  Speaking in Riyadh, Falih said that despite the rising of inventories as a result of sanctions on Iran and the situation in Venezuela it was not necessary to have an immediate response to increase oil output.

Last year the US granted Iranian oil buyers exemptions from sanctions but it has tightened the line by deciding not to renew them.  Saudi Arabia intends to remain within its OPEC production limit as well as be intent to its customers. More so those under waivers and those that have seen their waivers withdrawn. 

The minister said that they are not going to pre-empt the same and increase their output. Oil production number for May are set. It had little variations from previous months. Furthermore, crude oil allocations for June will be decided next month.

Oil Prices Have Been Increasing Since November

Since November, Oil prices have increased. This follows the announcement by the US that all waivers on imports of Iranian oil will not be renewed to put pressure on buyers to stop buying oil, from Iran. This ends up tightening global oil supply. 

On Wednesday, Brent Crude futures dropped to trade at $74.18 per barrel. This followed a statement from the International Energy Agency. This indicates that markets are adequately supplied and global production is stable.

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Reviving The Lost Interest In The Gold Mines: McEwen

Joe Samuel

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gold mining stocks to buy

From the viewpoint of a mining executive, a loss in interest in gold mines is being assessed. After dabbling in other activities in the mining sector, firms and companies must switch back to their core activity of finding new gold mines. What could this mean for mining stocks?

Rob McEwen, CEO and Chairman of McEwen Mining (MUX) says, the first few months of the year has brought and encouraged the attention and interest of the investors in the mining of precious metals sector. But, now it is extremely important to bring up some new discoveries and execute some exploration plans in order to give consistency to the investors’ attention.

New Opportunity For Mining Stocks?

He remarks that a new zeal is required to bring enthusiasm to the investors. The current market is in need of some extraordinary news. He even said that there is no lack of money in this sector and that investors just need to work upon it and create shareholder values.

Chairman McEwen commented as the prices of the gold is consistently falling since3-4 months causing damage to the mining sector. Companies like June Gold Futures and VanEck Vectors Gold Minors ETF last traded at $1,273.50/ounce, and $20.92/share respectively and the former went down 0.32% while the latter faced 0.29% fall on the day.

According to McEwen, a few companies are working in this direction to revive the interest in these mines. These companies are Kirkland Lake Gold (its record production) & Great Bear Resources (its active program of exploration) are mentioned by him in this regard.

McEwen, as per his plans, is heading for extensive drilling plans in North America. He introduced that his company is going to invest $17 million at Black Fox Property’s (North Ontario) exploration plans and $5 million at Gold Bar Mine (Nevada).

McEwen believes that such resources are full of potential and can create peerless mines in the world.

McEwen planned for the aforementioned two plans as the world saw a degradation in the production at Gold Bar due to massive snowfall at Nevada. And also, the production at Black Fox was affected as the contactor-run crushing plant was shut down for 6 weeks in February.

Growth Is The Focus

But McEwen is definite to complete its target no matter what. He said the company will fulfill its 2019 target of gold production of 205,000 ounces. In the first 3 months of 2019, he claimed the gold production of 36,166 ounces. This is 18% more than the gold production in the first 3 months of 2018.

McEwen gave a positive statement saying that price and the interest of investor will be gained back soon once the gold mines receive adequate attention. He says that the mining sector is facing a lacuna of sentiments of investors.

He even said that the importance of gold mines could be seen as unlike investors, Central Bank is showing stability in hiking the bank’s gold reserve and continuing to see it as an international currency. So, it is still important for those investors who are seeking protection for their investments.

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