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Bonds are full of heartbreak. Will it be the JGB or USTs that start the financual crisus?Meh, I'd say that was pretty close. They managed to keep the Nasdaq up 0.5% by saying the rules for NVDIA have changed. Bonds are falling apart, again. That is key.
pmbug said:Gold and silver both down ever so slightly from yesterday's close in overnight trading in China. London/New York might be "racist" towards the metals, but China appear to be holding the line (and premiums over spot will ensure physical metal flows east if the west doesn't let price rise to match).
The SFE silver vault reports a modest outflow (into the SGE?).
Mr. Slammy did his 8am routine, but it looks like his efforts were wasted as the dips didn't last long. Gold and silver looking a bit resilient at the moment.
FT said:Donald Trump is preparing to open the $9tn US retirement market to cryptocurrency investments, gold, and private equity in a move that would spur a radical shift in the way Americans’ savings are managed.
Trump is expected to sign an executive order as soon as this week that would open up 401k plans to alternative investments beyond traditional stocks and bonds, according to three people who have been briefed on the president’s plans.
These investments would run a broad spectrum of asset classes, from digital assets to metals and funds focused on corporate takeovers, private loans and infrastructure deals.
The executive order would instruct Washington regulatory agencies to investigate the remaining hurdles needed to allow for such alternative investments to be included in professionally managed funds used by 401k savers, these people said.
“President Trump is committed to restoring prosperity for everyday Americans and safeguarding their economic future. No decisions should be deemed official, however, unless they come from President Trump himself,” the White House said in a statement to the Financial Times.
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