Author: Jordan Belfort

Friday, the prices of gold and silver fell because President Trump nominated Kevin Warsh to be the next chair of the Federal Reserve. This seemed to calm worries about the independence of the central bank and send the dollar skyrocketing. With an ounce of silver worth $83.45, it was down 28% from the day’s high. Silver prices fell 31.4% and ended the day at $78.53. This was the worst day for them since March 1980. The sharp drops started when news came out that Warsh had been nominated. But in the afternoon U.S. trading, they picked up speed as buyers…

As a result of a broad selloff that affected many asset classes Thursday morning, precious metals saw sharp drops. Analysts believe this was due to forced liquidation rather than fundamental reasons. Gold dropped $163, or 3.21%, to $4,921, and silver fell $9, or 10.73%, to $75.22. Between 11 a.m. and 11:30 a.m. EST, prices fell sharply, the most in a single day since January 29, when gold lost almost $500 and silver lost 26% of its value. Companies like Nvidia and Alphabet were already losing value as early as 9:00 a.m. EST, which is where the selloff started in the…

GOLD and SILVER prices became less volatile on Tuesday after undoing one-half and one-fourth of last week’s historic price drops, respectively. This came after prices surged to multi-year highs. Gold’s price closed today with a range of less than $70 between its high and low points above $5,000 an ounce. This was the narrowest range seen during the week since Monday, January 19. In the meantime, silver went from a high of $80 an ounce to a low of $2.40 an ounce above that price. It was trading in its narrowest Dollar range since Christmas Day, but it still went…

GOLD and SILVER fell at the start of trade in New York on Wednesday. One major US bank said that they were risking a “bubble,” and the drop undid the day’s strong gains after the US jobs report in January ended a string of bad data from the world’s largest economy. A week ago, the Dollar hit a one-week low on the DXY index against other rich-economy currencies. It then jumped back up almost ¥0.1 against the Chinese Yuan after the Bureau of Labor Statistics reported that non-farm payrolls added almost twice as many jobs as analysts had predicted last…

The price of gold has fluctuated wildly in recent days. After a year of skyrocketing value, the yellow metal hit a record high of $5,500 an ounce last week. However, the price of gold fell more than 9% on Friday, the most in a single day since 1983, and then fell even further on Monday. It increased by almost 5% on Tuesday after a minor rebound, and that increase persisted into Wednesday. Its price is still over 75% greater than it was at the same time last year, even with the recent declines. What’s happening, then? What caused the most…

Some computer games in the 1990s had a “boss key” that let people open an Excel spreadsheet if they needed to look busy. Now, if a worker is seen working on a spreadsheet, their supervisor might not like it. Microsoft owns Excel, which is 40 years old. Some IT leaders think it’s, at best, a hindrance to easier digital workflows and AI, and at worst, an accident waiting to happen. In the business world, Excel is everywhere. Acuity Training’s study shows that two-thirds of office workers use Excel at least once each hour. Tom Wilkie, chief technology officer of data…

Why Did Trump’s Announcement Cause Market Turmoil in Precious Metals? Donald Trump’s recent announcement regarding a potential return to a gold-backed currency system caused an immediate and dramatic impact on global commodities. The suggestion, framed within a broader critique of the Federal Reserve’s monetary policy, sent a wave of uncertainty through investor sentiment, prompting mass selloffs in both gold and silver markets. A statement of this magnitude from a former U.S. president, especially one with ongoing political influence and previous economic interventionist tendencies, was interpreted as a signal of potential instability in fiat-based valuations, leading to volatility spikes across metals…

What Triggered the Historic Collapse in the Gold and Silver Markets? Excessive speculative trading pressure destabilized both gold and silver prices. Institutional leverage from hedge funds and algorithmic trades inflated short-term price peaks, which were unsustainable. When macroeconomic indicators shifted, especially interest rate hikes and stronger USD indexes, investors began rapidly liquidating positions. Federal Reserve monetary policy reversals introduced systemic uncertainty. As expectations for rate cuts diminished in early 2026, treasury yields spiked. Since gold and silver function as non-yielding safe-haven assets, their opportunity cost increased dramatically, prompting outflows from ETFs and futures. Chinese industrial demand for silver declined abruptly…

Why Did Donald Trump Endorse Tiny Cars in His Recent Statement? Donald Trump publicly described tiny cars as “amazing,” highlighting their efficiency, compact design, and innovation in the automotive industry. The endorsement stemmed from growing political discourse around climate-conscious technology, fuel economy regulations, and electric vehicle (EV) manufacturing. The statement aligns Trump with evolving global automotive trends, particularly in European and Asian markets where microcars and compact EVs dominate urban transportation. Trump’s remark appears to target economic benefits such as lower production costs and potential domestic manufacturing growth, particularly in Republican-dominated states with developing EV infrastructure. Trump’s praise also aligns…

A shark bit a surfer, making it the fourth assault on Australia’s New South Wales (NSW) coast in less than 48 hours. Police reported that the 39-year-old guy “sustained a wound to his chest” after a shark chewed his board on the Mid North Coast on Tuesday morning. He has been let out of the hospital. It comes after three such attacks in Sydney in the last two days. Police warned that all beaches in Sydney’s northern area will stay closed until further notice. The attacks happened after days of torrential rain, which NSW Superintendent Joseph McNulty had claimed might…