China responding to Trump's threat on tariffs (weaken the Yuan-classic reaction like in 2018), BoC expected to cut 50bpd (priced) and U.S CPI in focus this afternoon (expected to be as it was, 3.2% last Aug, hasn't been below this level since) >>> USD within recent ranges, SPX500 6100 JPM wall, keeping most indexes under check/slight pressure, inflation data and all CB meetings coming up, weaker Yuan would only support GOLD further big picture, #BTCUSD looks due a correction lower #SMH ETF also may need to correct lower, post recent months euphoria (chart below)
Exclusive-Chinese authorities are considering a weaker yuan as Trump trade risks loom, sources say >>> on the other hand it's a similar message than the other day
South Korea’s ex-defense minister attempts to take his own life as presidential office raided in martial law fallout
US. dominance over global financial markets has reached extreme levels, pointing to a bubble of epic proportions, according to Ruchir Sharma, chair of Rockefeller International
The U-6 unemployment rate ROSE to 7.8% in November, the 2nd-highest in 3 YEARS
The borrowing fee for shorting #GLD shares is breaking out
Total US public debt hits a record $36.17 TRILLION, up $1 trillion over the last 105 days. US federal debt has risen by an average of $9.5 billion per day over the last 105 days
Ray Dalio is once more promoting investment in gold and Bitcoin, deliberately avoiding debt assets since major economies are dealing with rapidly increasing indebtedness
Exclusive-Chinese authorities are considering a weaker yuan as Trump trade risks loom, sources say Dear Mr Trump, I raise your tariffs threats, and will weaken Yuan if you dare (reminder that Yuan yields are lowest globally, so wouldn't take much!)... Just like in 2018, such move will only make goods more expensive for the U.S consumers and a tit for tat tariffs war isn't really useful for anyone
Steve Rosenberg on X: "One Russian paper today: “We need to say it straight: Russia & Iran suffered a major defeat in Syria.” Plus, problems with the Superjet (“the wretched child of the Russian aviation industry”) & an attempt to declare Santa Claus a ‘foreign agent’. #ReadingRussia https://t.co/fXmAWlNOzq" / X
JaguarAnalytics on X: "Did you know quantum computing uses thin layers of $GLD Gold to reach zero absolute temperature in order to create superconducting material? Did you also know quantum computing is a growing threat to $BTC Bitcoin encryption? I’ll let you all chew on this thought. https://t.co/Dt1eijmH7B" / X
Global Markets Investor on X: "⚠️US UNEMPLOYMENT IS RISING⚠️ The U-6 unemployment rate ROSE to 7.8% in November, the 2nd-highest in 3 YEARS. It is up 1.3 percentage pts in 2 years. Metric includes Americans who want to work but have given up searching and part-time workers who cannot find full-time jobs. https://t.co/rYccd14CpE" / X
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