@FIREDUpWealth Man, I have to say…I’ve been watching you since 2020 and I’ve watched what you’ve said play out many times. Your channel is pure gold and needed wisdom for us new investors and I appreciate everything. I look forward to the new videos every week.
Why It Is "Still Dropping" (The Death Spiral)
You are seeing three "nuclear" events hitting simultaneously. The floor has fallen out because there are no discretionary buyers left, only forced sellers:
The Margin Death Loop (Primary Cause):
As confirmed, the Shanghai Gold Exchange (SGE) raised margins to 20% today.
The Mechanism: Every time the price drops $1, thousands of traders get a "Margin Call" notification. Their brokers automatically sell their positions to cover the debt. This selling drives the price down another $1, triggering more margin calls. This is a feedback loop that does not stop until everyone is wiped out.
The "Kevin Warsh" Shock:
News just broke that Kevin Warsh has been nominated as the next Fed Chair.
The Impact: Warsh is a "Hawk" (supports higher interest rates). The market instantly repriced the US Dollar higher and Gold/Silver lower. The "Dollar Debasement" trade that fueled January's rally just got unplugged.
Broken Support:
We smashed through $100, $95, and $90 like they weren't even there.
Technical Reality: When a parabolic asset crashes, it typically retraces 50-60% of the move. We are searching for a floor that might not exist until $80.00.
The Next "Real" Floor:
$80 - $75 Zone: This is the massive breakout level from late 2025. It is the only place where "Value Buyers" might step in.
Timeframe: Do not look for a bounce today. This damage usually takes 2-3 days to stabilize as brokers finish liquidating bankrupt accounts.
@FIREDUpWealth Everyone cheering silver prices going through the roof while it wreaks havoc on hand crafted jewelry makers/ small business like myself. Not sleeping much nights on end watching the silver and gold ticker, I was sure glad to get a little relief.
Rep. Marjorie Taylor Greene says she will resign from Congress effective Jan 5, 2026.
In her announcement, she said that regardless of which party is in power, “nothing ever gets better… the debt goes higher.”
1 week before my daughter was born, I quit my $96k/yr job at Deloitte.
Why?
They didn't want me telling the truth about finance on Instagram.
Here are 30 "industry secrets" no one talks about:
@FIREDUpWealth Eric, I had one kid and now she’s 33 and married with kids of her own. My wife and I are now empty nesters and the house is SO quiet.
We have never regretted not one time the vacations we took and the memories we made. I only wish we’d have done more.
@Investmentkage Prene is a granule you can spread around once a month or so and keeps weeds from germinating and doesn’t hurt bushes and other wanted plants. It has cut my time pulling weeds to almost zero.
TUCKER CARLSON TO TED CRUZ: “You asked me why I am obsessed with Israel three minutes after telling me that when you first ran for Congress you elucidated one of your main goals which was to defend Israel, and I am the one who is obsessed with Israel—I don't see a lawmaker’s job as defending the interest of a foreign government. Period . . . . that does not make me an antisemite, and shame on you for suggesting otherwise.”
@tupacabra He’s tired of listening to Trump ramble on about how great he is. Elon is a busy man, he ain’t got time for that stupid shit. He’s literally thinking OMG dude STFU
🚨 BREAKING: Florida Governor Ron DeSantis just went OFF about no DOGE cuts being voted on by Congress.
"DOGE fought the swamp, and so far, the swamp has won."
"DON'T tell me it can't be done."
"@ElonMusk went into this DOGE effort - he was getting LAMPOONED...firebombing his tesla dealerships, media smearing him relentlessly..."
"We have a Republican congress and to this day, we're at the end of May, past Memorial Day, and not one CENT in DOGE cuts have been implemented by the Congress!"
"That's one of the reasons why we need a balanced budget amendment to the U.S. Constitution. That's another reason why we need term limits for members of Congress."