The Cannabis Sector: Buy When There’s Blood in the Streets

Dear PGM Capital Blog reader, On October 17, recreational cannabis became legal in Canada, with adults aged 18 or 19 (depending on the province) and over able to purchase dried flower and/or cannabis oil products. The large sales projections thrown around prior to legalization are primarily what have fueled massive gains in pot stocks since the[…]

Highlights of the week of November 19, 2018

Dear PGM Capital Blog reader, In this weekend blog edition, we want to discuss some of the most important events that happened in the global capital markets, the world economy and the world of money, in the week of November 19, 2018, as follows: The S&P-500 enters correction territory. Oil Prices tumbles at 52-week low. The[…]

Is the Sky falling for Crypto Currencies?

Dear PGM Capital Blog reader, On Wednesday, November 14, things turned south for crypto currencies, with an average drop of approx. between 10 – 14 percent of their respective market capitalization. INTRODUCTION: A cryptocurrency (or crypto currency) is a digital or virtual currency that uses cryptography for security. Many cryptocurrencies are decentralized systems based on blockchain technology, a distributed ledger enforced by a[…]

Highlights of the week of November 5, 2018

Dear PGM Capital Blog reader, In this weekend blog edition, we want to discuss some of the most important events that happened in the global capital markets, the world economy and the world of money, in the week of November 5, 2018, as follows: Ahold Delhaize reported blockbuster Q3-2018 financial results. USA FED signals posible rate[…]

Baidu and Alibaba Reported financial reports

Dear PGM Blog reader, In this weekend blog article, we want to take the opportunity to discuss with you, the Q3-2018 financial results of Baidu and Alibaba, reported respectively on Tuesday, October 30 and Friday November 2, 2018. ALIBABA Q3-2018 FINANCIAL RESULTS: Alibaba, (NASDAQ: BABA) the Chinese equivalent of Amazon, reported stronger-than-expected Q3-2018 earnings of US$[…]

Canada Legalized Recreational Marijuana on October 17, 2018

Dear PGM Capital Blog readers, On Wednesday, October 17, Canada became the first major world economy, and the second country in the world, after Uruguay, to legalize marijuana. INTRODUCTION: Cannabis was banned in Canada from 1923 until regulated medical cannabis became legal in 2001. In response to popular opinion, Justin Trudeau, the leader of the Liberal Party of[…]