Vince Lanci’s walkthrough of the ZH thorough coverage of Nvidia’s circular financing after Jensen Huang’s resignation.
Authored by GoldFix
In today’s GoldFix Market Rundown, Vince Lanci briefly walks through Zerohedge’s thorough coverage of Nvidia’s circular financing after Jensen Huang’s resignation. Nvidia invests in the companies that buy its chips, then backs their other bills through off balance sheet guarantees to lenders and landlords. With CFO Colette Kress now deciding how much more financing to approve, he explains why even one delayed payment could ripple through the AI industry and hit Nvidia’s cash and chip orders together.
He also covers Tether Gold’s clean KPMG audit and the challenge it poses to GLD and SLV, silver’s December test, gold’s drop toward 3,800, and today’s PPI data.
0:00 Market Rundown opens with an NVIDIA detour
0:26 Zero Hedge's Bank of NVIDIA circular deals report
1:41 Tether Gold's clean KPMG audit
2:16 Tether needles GLD and SLV to match its audit
2:40 Tether leases gold to refiners and jewelers
3:44 Treasuries are the one unverified claim
4:03 Jensen Huang's resignation from NVIDIA
4:57 Huang's resignation facts and Colette Kress as interim CEO
5:42 Trump's 60 Minutes AI espionage comment
6:04 Zero Hedge's NVIDIA report
6:59 NVIDIA finances its own customers to buy chips
7:37 Off balance sheet deals, the smoking gun
9:49 Colette Kress and the $50 billion financing risk
11:17 Guarantee payments put NVIDIA's cash and sales at risk
12:19 A CoreWeave default would crush NVIDIA's equity stake
13:32 Silver, gold, and a stronger dollar recap
14:20 PPI data and GoldFix bullion partnership
15:18 NVIDIA charts and markets close the showFull show for GoldFix members: Tether Has The Gold. Does GLD?
