Here's the real reason gold prices plunged - and why the selloff likely isn't over yet | Metals Mine

  • Here's the real reason gold prices plunged - and why the selloff likely isn't over yet

    From morningstar.com

    Consider the average recommended gold-market exposure among a sample of several dozen gold-market timers monitored by my performance-auditing firm. (This average is represented by the Hulbert Gold Newsletter Sentiment Index, or HGNSI.) Prior to Friday's big drop, the HGNSI stood at levels hardly ever seen over the last 21/2 decades - at the 99.7th percentile of its daily distribution since 2000. The HGNSI dropped only slightly on Friday and, as a result, it's still higher than on 84.4% of all trading days since 2000. Contrarian "buy" signals come when this percentage falls below 10%. Contrarian analysis is useful in ... (full story)

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    Trump: Agreed to a trade deal between the United States and India

    From @realDonaldTrump|Feb 2, 2026|7 comments

    It was an Honor to speak with Prime Minister Modi, of India, this morning. He is one of my greatest friends and, a Powerful and Respected Leader of his Country. We spoke about many things, including Trade, and ending the War with Russia and Ukraine. He agreed to stop buying Russian Oil, and to buy much more from the United States and, potentially, Venezuela. This will help END THE WAR in Ukraine, which is taking place right now, with thousands of people dying each and every week! Out of friendship and respect for Prime Minister Modi and, as per his request, effective immediately, we agreed to a Trade Deal between the United States and India, whereby the United States will charge a reduced Reciprocal Tariff, lowering it from 25% to 18%. They will likewise move forward to reduce their Tariffs and Non Tariff Barriers against the United States, to ZERO. The Prime Minister also committed to “BUY AMERICAN,” at a much higher level, in addition to over $500 BILLION DOLLARS of U.S. Energy, Technology, Agricultural, Coal, and many other products. Our amazing relationship with India will be even stronger going forward. Prime Minister Modi and I are two people that GET THINGS DONE, something that cannot be said for most. Thank you for your attention to this matter! PRESIDENT DONALD J. TRUMP Trump: India's Modi agreed to stop buying Russian oil and to buy much more from the US and, potentially, Venezuela – Truth Social *US TO LOWER INDIA'S 'RECIPROCAL' TARIFF RATE TO 18% FROM 25% ... Trump: India will likewise move forward to reduce their tariffs and non-tariff barriers against the United States to zero. - Truth Social TRUMP: PM ALSO COMMITTED TO "BUY AMERICAN" IN ADDITION TO OVER $500 BLN DOLLARS OF U.S. ENERGY, TECHNOLOGY, AGRICULTURAL, COAL, AND OTHER PRODUCTS

    BLS won't release January jobs report on Friday - Barron's

    From @financialjuice|Feb 2, 2026|4 comments

    BLS won't release January jobs report on Friday - Barron's PARTIAL SHUTDOWN DELAYS JANUARY JOBS REPORT The partial government shutdown has pushed back the January 2026 jobs report, originally set for Feb 6, along with December’s Job Openings and Labor Turnover Survey and Metropolitan Area Employment data. The Bureau of Labor Statistics…

    Oil, Metals, and More Geopolitical Risk

    From youtube.com|Feb 2, 2026

    Andreas Steno and Mikkel Rosenvold of Steno Research break down the mounting U.S.–Iran tensions, the implications for oil, the U.S.–China decoupling, strategic mineral stockpiles, ...

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