Beijing's revenge: China turns off the tap for the American defense industry
The trade war escalates: China imposes severe sanctions on rare earth giants and defense companies from the US.
The trade war escalates: China imposes severe sanctions on rare earth giants and defense companies from the US.
What to know about last week’s tariff-driven spike and drop in COMEX gold futures, and what it means for gold’s next move.
Economist and gold critic Peter Schiff argues Bitcoin is tightly correlated with tech equities, not gold, and highlights key divergences in asset behavior and risk profiles.
Gold prices have surged to over $3,300/oz, while production costs remain stable, driving record margins for miners. However, many equities in the sector still trade as if gold were under $2,000.
Peter Schiff reaffirms gold’s lasting value and slams Bitcoin as speculative. Meanwhile, gold trades near $3,342/oz, silver nears $38/oz, and safe‑haven demand remains resilient.
Silver dropped nearly $3 to just above $36/oz, prompting Peter Schiff to see opportunity: “buy some silver today,” pointing to a potential long-term breakout in the metal.