Peter Schiff argues that surging Treasury yields expose mounting federal debt pressure while strengthening the case for gold and silver, even as he warns of 9% mortgages, falling home prices and a possible restructuring at 50 cents on the dollar.
Gold advanced while silver retreated as a strong Treasury auction eased yield pressure late Thursday. Surging oil prices, inflation concerns and the possibility of Fed tightening later this year continued to shape trading across metals, bonds and equities.
Bitcoin’s decline coincided with major U.S. government transfers to Coinbase Prime, but no sale has been confirmed. With leveraged longs heavily liquidated, the market’s next test is holding $82,500 and reclaiming the $85,000 to $86,000 zone.
Apple reportedly reduced October component orders for its premium iPhone 18 models by 15% to 20% as higher input costs pressured demand, although a staggered launch schedule may also explain part of the decline.
A sharp rise in the Treasury term premium is alarming Wall Street, with fiscal risks, geopolitical uncertainty and swelling debt supply threatening to keep longer dated interest rates restrictive even if expectations for Federal Reserve policy ease.
Pimco’s Dan Ivascyn says inflation concerns, expensive oil, growing public debt and forced bond selling could drive the 10 year Treasury yield to 6%, while even a move to 5.5% may pressure stocks and corporate credit.
Kalshi traders now assign a 75% chance that planned and operating data centers will exceed 5,100 before 2027, even as communities challenge projects over utility expenses, water consumption and development complications.
SpaceX’s planned spectrum acquisition escalates its challenge to major U.S. mobile carriers, sending AT&T, Verizon and T-Mobile shares lower while giving Starlink a potential path toward combining satellite service with a future ground network.
Judy Shelton is returning to federal economic policy as a Treasury counselor, advising Scott Bessent on currency matters and China after bipartisan Senate opposition blocked her nomination to the Federal Reserve board.
Delta lowered its 2026 profit and cash flow forecasts as soaring fuel costs pressured results, but CEO Ed Bastian said travelers continue booking despite higher fares across business, leisure, service classes and geographic markets.
Gold edged higher while silver fell sharply as surging oil prices and elevated Treasury yields revived inflation concerns, complicated the geopolitical haven trade and kept another expected Fed rate increase firmly in focus.
Gold remained higher at $4,122.37 per ounce after initial jobless claims fell below forecasts, while the four week average matched expectations and continuing claims came in above the projected level.
Hallador’s six year agreement is expected to generate about $711 million beginning in the middle of 2029, while its record power price and a 9.8% share jump highlight rising Indiana electricity demand linked to data centers.
Global venture capital funding has already exceeded 2025’s level by 53%, creating a deep innovation pipeline that Jessica Rabe says can benefit public market investors and support a bullish long term outlook for US equities.
Britain must decide whether to match European Union tariffs on Chinese EVs as Chinese brands capture 28.1% of its market, with policymakers weighing access to Europe against possible retaliation from Beijing.
Jensen Huang traced Nvidia’s rise from Windows 3.1 through GeForce and CUDA, crediting Microsoft’s software for enabling the graphics technology that ultimately supported deep learning and helped Nvidia overtake Microsoft in market value.