CHINAโS PRECIOUS METALS TRADE IS HEATING UP ๐จ๐ณ
Gold miners and jewellery stocks surged across A shares today. SGE and SHFE silver closed at $65.27 and $65.55, while gold held above $4,050.
Talk of a Western debt crisis, gold revaluation and tightening physical supply is spreading quickly.
SOUTH KOREA STOCKS PLUNGE 8% ๐จ
The KOSPI is getting crushed as the global technology rout accelerates, triggering heavy losses across Asiaโs markets. ๐ณ
๐จTRUMP ON THE FED: โWE SHOULD HAVE THE WORLDโS LOWEST INTEREST RATEโ
Trump is turning up the pressure for aggressive rate cuts as the U.S. faces trillions in debt refinancing.
Lower rates, a weaker dollar, and more liquidity would be rocket fuel for gold and silver. ๐
THE U.S. DEBT WALL IS HERE ๐จ
32% of all U.S. government debt must be rolled over in the next 12 months.
That is more than $15 TRILLION requiring new buyers at todayโs elevated rates.
The pressure on the Treasury market is only beginning.
๐ฅQE IS BACK. ๐ฅ
The Fed has added over $300 billion in Treasuries during the past year as foreign demand for US sovereign debt continues to fade.
The money printer is warming up again.
When the cracks become impossible to ignore, QE will return with a vengeance.
OIL PLUNGES TO $83.89 ๐
WTI crashes more than 7% as the U.S. and Iran pause strikes.
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SILVER JUST RIPPED TO $59.98๐
Up 1.82% right out of the gates as buyers take control early.
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CHINA METALS ARE EXPLODING ๐จ๐ณ
Shanghai silver closed at $66.76, up 3.79%, while gold surged to $4,131, up 2.27%.
Meanwhile, SGE silver vaults lost another 122,520 kg last week.
Physical demand is sending a very loud message.