What are the odds that the current administration is manipulating the market to fix the debt? Maybe that's being generous?
I don't think the large movements we saw on 1/30 sprouted from efforts at manipulation by a select few . . . they manifested across not just the bullion markets, but the stock markets and cryptos too. I am convinced the correct analysis is that they were a more organic reaction to broader conditions (Fed leadership, overbought offerings, profit-taking and programmed-selling), and actions taken by a larger number of investors.
Well, if you think that gold and silver dropped alot, platinum lost about 20%. Here look at the Kitco page: https://www.kitco.com/
So, who else thinks this is due to a new Fed chair reducing interest rates? I think it has a lot to do with it. We'll see.
I'm seeing a report that China halted trading in a big silver fund (and several oil funds) on Friday (their time): https://www.fxleaders.com/news/2026...aused-china-acts-to-limit-speculative-losses/ It sounds like retail investors were getting whipped into even more of a frenzy there. I can't imagine things will be much calmer when those markets open Monday, given silver's global trajectory through the end of Friday.
My take is that everyone was expecting the nomination and installation of someone who will compliantly drop interest rates when they're told; instead, they're getting someone who at least in the past was quite hawkish. I'm hoping for the most that I feel I can hope for these days - that someone good gets nominated by mistake.
It’s not being manipulated at all. It’s political reasons behind the sell off and what is taking place in the world’s economy. Thus sell off started Thursday night in the overseas markets and spread to our daytime trading. Things will settle down, fears will be relieved and then it’s all uphill for all of the PM’s and the stock market.
Yeah, there are certainly a myriad of political and geopolitical irons in the fire.... I am more of a mind that the rise was so dramatic and unrealistic that this lies more in the arena of a correction than anything else. At least that is what my Magic 8-Ball says....
I think it has far more to do with folks’ limited perceptions of what this Chairman can / will do than with reality. Along with lower interest rates, whether to stimulate the economy and / or reduce current debt service, will come increased debt. We are trapped by our past indulgences, and future austerity is all that can dig us out. There is no soft landing . . . The sooner we accept that, the sooner we dig out.
China's Friday is before our US Friday. I'd be curious about this FIRST full-day suspension ON January 22. Where would someone find that information? Might be a little indicator of Friday slight dip
How about Folks Limited Purchases? If the public buys more, the .gov collects more taxes...if not wasted could lower the debt? Lower interest rates are supposed to get that done.
I‘m not all that optimistic about the stimulation of the economy under our present circumstances. The people who can already afford their needs aren’t likely to increase their spending with the loosening of credit. Why? Because prices in USD will rise and deter them from buying things they already feel are nominally too expensive. You are probably right that people who “need” things will likely buy them as soon as cheap credit becomes available to them. Unfortunately, they make up the preponderance of unqualified / underqualified borrowers who eventually default and cost the rest of us more in higher prices, higher taxes or both.