Gold hits a one-year low near $3,880 and silver breaks $50; silver is ~60% off its January peak, over 2x gold's drawdown
Gold hit a one-year low Friday near $3,880 an ounce and silver fell below $50 for the first time since November 2025, as tech losses and Fed hike bets forced selling.
Silver topped out around $121 in January. At $49 it has lost about 60%, more than twice gold's 28% drop from its record. The safe haven trade turned into the margin call trade.
https://www.mining.com/gold-price-slumps-to-one-year-low-silver-price-breaks-50-as-mining-stocks-tank/
Sources: Kitco: spot gold $3,880, down 3.5%; spot silver $48.95, down nearly 6% · BullionVault: silver falls through $50 after surging as high as $121 around New Year · @KobeissiLetter: spot gold falls below $3,950 and silver below $50 as selling in tech and crypto spreads
Not financial advice. For informational and educational purposes only.
Quote post: @Cointelegraph on Apple passing Nvidia as the most valuable company
Apple is the world's most valuable company again, about $90 billion ahead of Nvidia after Nvidia fell around 4% today. I think…
S&P putting Meta on negative outlook tells me the credit desks now treat AI capex as a balance-sheet question.
S&P putting Meta on negative outlook tells me the credit desks now treat AI capex as a balance-sheet question. My lean is still that the big names adapt, but this is the kind of pressure that could change my mind.
BB. Per the FT, that's the rating Blackstone now expects for Anthropic after its IPO.
BB. Per the FT, that's the rating Blackstone now expects for Anthropic after its IPO. To me it's the most honest number in this whole listing story. The FT reports that Blackstone told investors in Anthropic's chip-financing deal that a high speculative-grade rating, around BB, is…
End-of-day recap
Disappointing tech earnings drove a rotation out of AI-trade stocks, while healthcare and select consumer names posted double-digit gains on strong results.
Disappointing tech earnings accelerated a rotation out of AI-trade stocks on Oct 30, 2026, while healthcare and select consumer names posted double-digit gains on strong results. The S&P 500 fell 2.07% to 7,560.68 and the Nasdaq dropped 2.86% to 25,436.99. The Dow lost 1.09%, the Russell 2000 slid 1.66%, the VIX rose 12.91% to 19.42 and the 10-year yield sat…