{"id":63053,"date":"2025-11-11T08:15:44","date_gmt":"2025-11-11T08:15:44","guid":{"rendered":"https:\/\/thepatientinvestor.com\/?p=63053"},"modified":"2025-11-11T08:16:44","modified_gmt":"2025-11-11T08:16:44","slug":"gold-bear-trap-the-ai-illusion","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2025\/11\/11\/gold-bear-trap-the-ai-illusion\/","title":{"rendered":"Gold bear trap &#038; the AI illusion"},"content":{"rendered":"<h4>Key Points<\/h4>\n<ul>\n<li>Gold recovered above $4,100 per ounce, signaling another test of $4,400.<\/li>\n<li>Silver similarly recovered above $50 per ounce.<\/li>\n<li>Bitcoin at 106K indicates improving liquidity.<\/li>\n<li>The S&amp;P 500 also completed a bear trap, indicating another rally.<\/li>\n<li>A recent Stanford study suggests that the adoption of generative AI has had a minimal impact on employment levels.<\/li>\n<\/ul>\n<hr \/>\n<p>Gold recovered above $4,100 per ounce, completing a <a href=\"https:\/\/www.incrediblecharts.com\/technical\/bear-traps.php\">bear trap<\/a> with a target of $4,400.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-11-10-gold.png?resize=525%2C404&#038;ssl=1\" alt=\"Spot Gold\" width=\"525\" height=\"404\" \/><\/p>\n<p>Silver similarly recovered above $50 per ounce, offering a target of $54.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-11-10-silver.png?resize=525%2C404&#038;ssl=1\" alt=\"Spot Silver\" width=\"525\" height=\"404\" \/><\/p>\n<p>Bitcoin, our real-time indicator of financial market liquidity, rallied to 106K. Respect of long-term support at 100K offers a target of 116K, indicating the liquidity squeeze is fading.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-11-10-btc.png?resize=525%2C368&#038;ssl=1\" alt=\"Bitcoin (BTC)\" width=\"525\" height=\"368\" \/><\/p>\n<p>The S&amp;P 500 completed a similar bear trap at 6750, suggesting a rally to test 7000. Follow-through above 6900 would confirm.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-11-10-spx.png?resize=525%2C404&#038;ssl=1\" alt=\"S&amp;P 500\" width=\"525\" height=\"404\" \/><\/p>\n<p>41 AI-related stocks dominate the market capitalization of the S&amp;P 500. Investors have gone all-in on AI and its ability to generate future earnings.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-11-09-spx-ai.png?resize=525%2C404&#038;ssl=1\" alt=\"S&amp;P 500 AI-Related Stocks\" width=\"525\" height=\"404\" \/><\/p>\n<p>Jonathan Levin argues in <a href=\"https:\/\/www.bloomberg.com\/opinion\/articles\/2025-11-06\/ai-is-eating-all-the-earnings\">Bloomberg<\/a> that, excluding the AI-related Tesla and Amazon,\u00a0consumer-facing sectors of the S&amp;P 500 are in recession.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-11-10-spx-consumer.png?resize=525%2C356&#038;ssl=1\" alt=\"S&amp;P 500 Consumer Staples &amp; Discretionary\" width=\"525\" height=\"356\" \/><\/p>\n<p>A recent <a href=\"https:\/\/download.ssrn.com\/2025\/10\/24\/5136877.pdf?response-content-disposition=inline&amp;X-Amz-Security-Token=IQoJb3JpZ2luX2VjEEwaCXVzLWVhc3QtMSJIMEYCIQDx872CesDK%2FCBUWazO6fehO5GmoY%2FszBMeS4KVNe8wcwIhALNyyFIWjmN%2F8BZZZJ4YEibyzEtaZAWrk1axaVYY8u4jKr0FCBQQBBoMMzA4NDc1MzAxMjU3Igx8YM2N1VSH4zEtL1AqmgUu%2BJj4iAHsVIIenYg30MY6kBf9DgoTsFv5Qjqln4ezN02qIkyxcnM5%2BLgfg6wo%2F0vmJrwhqwLUc3gQxm7MbXXYOype523evWsqrL%2BHhjVouhD05mzRYvfkfXOkHwstoLj0ep4FrnZbcwm2c%2FBzlvlqDitzwv1ln3ly7z1pC0AvahokZbMMrJPT83yeyMdvuFOV8ROZKlNbHQ0voy0c7HLHlp7JbOnJlbvyYc0SCBb8JbcE4Xl%2Fg6djKL7Q9z9lSkMmKS%2BW6N72UDbWIaxXjM9CGguK8R3WEKsI5eFcdQ9QQwElmQ8F8RMfboqC%2FDZw4mwYGSoYCc2qLKbR%2BRhkOYgUI4MZWSjHqQGbhObyp2Z5PXqdYp%2Fa06Sc3j11NdxtI%2Brn2fKKIztCxQ24vTW0HVvwmbG3Um%2BptLjOF7lB2gW9ea4TvLYP0VeUJkIHotAzyqhMWMIZ1Z3zK3Qo4rZMP8%2BfASoZ2k9UcLyJALDGNJMZiYP5CyveuBTBmCdSXNhuZkxLmlWa%2Bb9juifPJ8EgIlcbb7FNRmyYnn0xgeHbQV1xLAaafcFpRCeun3ngMl%2BRZ%2B6h4YsCKMeyY39L58D5AzJbrw6wJy67jX%2FG3PN%2BueCdnREYRlRP%2Bxu11dghFkCeTpbEpexA2rxvYk7xhduJqPlyrUZCmR8G1mufzetjBzssvPrZeKX9YWzSw0k9oAxerLSuz7wD9Pk%2FPjTh%2ByJBOSi9Fc0ALPLJj4laO9Gqe9i%2BrnahK21l7vbJcgxfmtPRZUkJx%2BMEbhdhyFk%2FXeEKFx%2Bu77VN3K6UEyBPyGyeADDV1h9yiWHA2bUZoZJFsdzMIdiNPAq%2BXndz93lCLliBzlfVgxHzhc3rviCf2IZplHipVfQ%2BYfmaRRyCIDswldHKyAY6sAF1xaEJ9HyoiI6B6%2FBgFlkf6Erm4dUk2Nu0R9m%2FNWqTpaQlPtgLLARGyvs3TpqBIIuqtyILO0wcTb%2BqQDi7QNCISOs7n6WVwfCsOF8RF%2BSdULfOuSXyOWYDRzZu%2FFpjV34aQDhoOpKL3Fw8gsectBQGHC7vlDQtGl1OI%2FKgR5X4qv5iQyzuiN%2FwYeYpjQ3uh9c6rmMQeU%2BO9YWX%2Fff8NjQ65mQbUcExTmP5OwzjEYYWjA%3D%3D&amp;X-Amz-Algorithm=AWS4-HMAC-SHA256&amp;X-Amz-Date=20251111T032746Z&amp;X-Amz-SignedHeaders=host&amp;X-Amz-Expires=300&amp;X-Amz-Credential=ASIAUPUUPRWE2ZXNH6U6%2F20251111%2Fus-east-1%2Fs3%2Faws4_request&amp;X-Amz-Signature=f8515d4e85a5059baa4a7f609a0fddca044383fe96734b337db26753a50b380b&amp;abstractId=5136877\">Stanford study<\/a> on ChatGPT adoption indicates significant increases in productivity in fields with high adoption rates. However, it notes that the improved productivity has, so far, led to increased wage rates rather than reduced employment levels.<\/p>\n<h2>Treasury Markets<\/h2>\n<p>10-year Treasury yields are consolidating around 4.10%, with resumed BLS inflation readings likely to provide further direction.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-11-10-tnx.png?resize=525%2C404&#038;ssl=1\" alt=\"10-Year Treasury Yield\" width=\"525\" height=\"404\" \/><\/p>\n<blockquote><p>Trump-appointee Fed Governor Stephen Miran on Monday repeated his call for a half-percentage-point cut at the FOMC December 9-10 meeting. (<a href=\"https:\/\/www.reuters.com\/business\/feds-daly-says-policymakers-need-keep-an-open-mind-about-further-cuts-2025-11-10\/\">Reuters<\/a>)<\/p><\/blockquote>\n<p>Consumer perceptions of long-term inflation remain elevated, with the University of Michigan survey indicating that perceptions of 5-year inflation have averaged 3.7% over the past three months.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-11-10-uom-prices-5y.png?resize=525%2C358&#038;ssl=1\" alt=\"University of Michigan: 5-Year Inflation Expectations\" width=\"525\" height=\"358\" \/><\/p>\n<h2>Dollar &amp; Gold<\/h2>\n<p>The dollar has weakened following high private sector layoffs in October, with financial market pricing indicating a 63% chance of a 25-basis-point rate cut in December. (<a href=\"https:\/\/www.reuters.com\/business\/feds-daly-says-policymakers-need-keep-an-open-mind-about-further-cuts-2025-11-10\/\">Reuters<\/a>)<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-11-10-dxy.png?resize=525%2C404&#038;ssl=1\" alt=\"Dollar Index\" width=\"525\" height=\"404\" \/><\/p>\n<p>JP Morgan estimates that the labor market added 52K jobs in September but lost 35K in October, increasing the likelihood of another rate cut in December.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-11-10-jpm-jobs.png?resize=439%2C357&#038;ssl=1\" alt=\"JP Morgan Estimated Labor Market Growth\" width=\"439\" height=\"357\" \/><\/p>\n<h2>Conclusion<\/h2>\n<p>We expect further rate cuts to weaken the dollar and boost prices of gold and silver.<\/p>\n<p>S&amp;P 500 performance depends on projected AI productivity gains, driving a massive increase in earnings for AI-related corporations. However, there is currently limited\u00a0evidence to support this conclusion.<\/p>\n<h4>Acknowledgments<\/h4>\n<ul>\n<li>CoinDesk: <a href=\"https:\/\/www.coindesk.com\/price\/bitcoin\">Bitcoin<\/a><\/li>\n<li>Federal Reserve of St Louis: <a href=\" https:\/\/fred.stlouisfed.org\/\">FRED Data<\/a><\/li>\n<li>Reuters: <a href=\"https:\/\/www.reuters.com\/business\/feds-daly-says-policymakers-need-keep-an-open-mind-about-further-cuts-2025-11-10\/\">Fed policymakers divided over need for more rate cuts<\/a><\/li>\n<li>Jonathan Levin, Bloomberg: <a href=\"https:\/\/www.bloomberg.com\/opinion\/articles\/2025-11-06\/ai-is-eating-all-the-earnings\">AI Is Eating All The Earnings<\/a><\/li>\n<li>Leo Nelisson, SA: <a href=\"https:\/\/seekingalpha.com\/article\/4841140-my-toughest-market-call-in-14-years-why-i-refuse-to-ignore-it\">My Toughest Market Call In 14 Years<\/a><\/li>\n<li>JP Morgan: <a href=\"https:\/\/am.jpmorgan.com\/us\/en\/asset-management\/per\/insights\/market-insights\/market-updates\/weekly-market-recap\/\">Weekly Market Recap<\/a><\/li>\n<li>JS Hartley, F Jolevski, V Melo, and B Moore: <a href=\"https:\/\/download.ssrn.com\/2025\/10\/24\/5136877.pdf?response-content-disposition=inline&amp;X-Amz-Security-Token=IQoJb3JpZ2luX2VjEEwaCXVzLWVhc3QtMSJIMEYCIQDx872CesDK%2FCBUWazO6fehO5GmoY%2FszBMeS4KVNe8wcwIhALNyyFIWjmN%2F8BZZZJ4YEibyzEtaZAWrk1axaVYY8u4jKr0FCBQQBBoMMzA4NDc1MzAxMjU3Igx8YM2N1VSH4zEtL1AqmgUu%2BJj4iAHsVIIenYg30MY6kBf9DgoTsFv5Qjqln4ezN02qIkyxcnM5%2BLgfg6wo%2F0vmJrwhqwLUc3gQxm7MbXXYOype523evWsqrL%2BHhjVouhD05mzRYvfkfXOkHwstoLj0ep4FrnZbcwm2c%2FBzlvlqDitzwv1ln3ly7z1pC0AvahokZbMMrJPT83yeyMdvuFOV8ROZKlNbHQ0voy0c7HLHlp7JbOnJlbvyYc0SCBb8JbcE4Xl%2Fg6djKL7Q9z9lSkMmKS%2BW6N72UDbWIaxXjM9CGguK8R3WEKsI5eFcdQ9QQwElmQ8F8RMfboqC%2FDZw4mwYGSoYCc2qLKbR%2BRhkOYgUI4MZWSjHqQGbhObyp2Z5PXqdYp%2Fa06Sc3j11NdxtI%2Brn2fKKIztCxQ24vTW0HVvwmbG3Um%2BptLjOF7lB2gW9ea4TvLYP0VeUJkIHotAzyqhMWMIZ1Z3zK3Qo4rZMP8%2BfASoZ2k9UcLyJALDGNJMZiYP5CyveuBTBmCdSXNhuZkxLmlWa%2Bb9juifPJ8EgIlcbb7FNRmyYnn0xgeHbQV1xLAaafcFpRCeun3ngMl%2BRZ%2B6h4YsCKMeyY39L58D5AzJbrw6wJy67jX%2FG3PN%2BueCdnREYRlRP%2Bxu11dghFkCeTpbEpexA2rxvYk7xhduJqPlyrUZCmR8G1mufzetjBzssvPrZeKX9YWzSw0k9oAxerLSuz7wD9Pk%2FPjTh%2ByJBOSi9Fc0ALPLJj4laO9Gqe9i%2BrnahK21l7vbJcgxfmtPRZUkJx%2BMEbhdhyFk%2FXeEKFx%2Bu77VN3K6UEyBPyGyeADDV1h9yiWHA2bUZoZJFsdzMIdiNPAq%2BXndz93lCLliBzlfVgxHzhc3rviCf2IZplHipVfQ%2BYfmaRRyCIDswldHKyAY6sAF1xaEJ9HyoiI6B6%2FBgFlkf6Erm4dUk2Nu0R9m%2FNWqTpaQlPtgLLARGyvs3TpqBIIuqtyILO0wcTb%2BqQDi7QNCISOs7n6WVwfCsOF8RF%2BSdULfOuSXyOWYDRzZu%2FFpjV34aQDhoOpKL3Fw8gsectBQGHC7vlDQtGl1OI%2FKgR5X4qv5iQyzuiN%2FwYeYpjQ3uh9c6rmMQeU%2BO9YWX%2Fff8NjQ65mQbUcExTmP5OwzjEYYWjA%3D%3D&amp;X-Amz-Algorithm=AWS4-HMAC-SHA256&amp;X-Amz-Date=20251111T032746Z&amp;X-Amz-SignedHeaders=host&amp;X-Amz-Expires=300&amp;X-Amz-Credential=ASIAUPUUPRWE2ZXNH6U6%2F20251111%2Fus-east-1%2Fs3%2Faws4_request&amp;X-Amz-Signature=f8515d4e85a5059baa4a7f609a0fddca044383fe96734b337db26753a50b380b&amp;abstractId=5136877\">The Labor Market Effects of Generative Artificial Intelligence<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key Points Gold recovered above $4,100 per ounce, signaling another test of $4,400. Silver similarly recovered above $50 per ounce. Bitcoin at 106K indicates improving liquidity. The S&amp;P 500 also completed a bear trap, indicating another rally. A recent Stanford study suggests that the adoption of generative AI has had a minimal impact on employment &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2025\/11\/11\/gold-bear-trap-the-ai-illusion\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Gold bear trap &#038; the AI illusion&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[6763,31,5342,6,9,13,34,35],"tags":[7053,5056,4750,4995,1073,7052,2853,3010,3204,3206,6436],"class_list":["post-63053","post","type-post","status-publish","format-standard","hentry","category-artificial-intelligence-ai","category-the-fed-banks-interest-rates","category-cryptocurrency","category-fixed-income","category-gold-precious-metals","category-inflation-economy","category-us-canada-countries-regions","category-us-dollar-index","tag-ai-related-stocks","tag-bitcoin-btc","tag-consumer-discretionary","tag-consumer-staples","tag-dollar-index","tag-jp-morgan-estimated-labor-market-growth","tag-rate-cuts","tag-sp-500","tag-spot-gold","tag-spot-silver","tag-university-of-michigan-5-year-inflation-expectations"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Gold bear trap &amp; the AI illusion - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold bear trap &amp; the AI illusion - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Key Points Gold recovered above $4,100 per ounce, signaling another test of $4,400. Silver similarly recovered above $50 per ounce. Bitcoin at 106K indicates improving liquidity. The S&amp;P 500 also completed a bear trap, indicating another rally. A recent Stanford study suggests that the adoption of generative AI has had a minimal impact on employment &hellip; Continue reading &quot;Gold bear trap &#038; the AI illusion&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2025\/11\/11\/gold-bear-trap-the-ai-illusion\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-11T08:15:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-11-11T08:16:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.incrediblecharts.com\/images\/2025\/2025-11-10-gold.png\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2025\/11\/11\/gold-bear-trap-the-ai-illusion\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2025\/11\/11\/gold-bear-trap-the-ai-illusion\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"Gold bear trap &#038; 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Retreat below 1.25% is less likely but would warn of another test of primary support between 0.5% and 0.75%. The Dollar Index\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":27396,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/08\/15\/gold-silver\/","url_meta":{"origin":63053,"position":1},"title":"Gold &#038; Silver","author":"Colin Twiggs","date":"August 15, 2021","format":false,"excerpt":"10-Year Treasury yield retreated to 1.297%. Expect another test of support at 1.15% as political wrangling over the debt ceiling continues. The Dollar retreated. Breach of support at 92 would warn of another test of primary support at 89.5. Gold recovered above previous support at $1750-- completing a bear trap\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":27244,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/08\/09\/gold-and-silver-bear-trap\/","url_meta":{"origin":63053,"position":2},"title":"Gold and Silver bear trap","author":"Colin Twiggs","date":"August 9, 2021","format":false,"excerpt":"This is a classic bear trap, with selling of Gold and Silver late on Sunday evening warning of a shakeout in futures markets. TIPS The 10-Year TIPS yield rallied on strong July job growth, breaking new resistance at -1.10% and likely to test -1.00%. Manufacturing has recovered from the pandemic\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":60671,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/01\/31\/strong-uptrends-and-new-highs-for-the-asx-200-and-gold\/","url_meta":{"origin":63053,"position":3},"title":"Strong uptrends and new highs for ASX 200 and gold","author":"Colin Twiggs","date":"January 31, 2025","format":false,"excerpt":"More weekly charts, which reflect the long-term trend rather than current volatility. The S&P 500 continues its strong uptrend, though there are signs that financial market liquidity may have peaked. Real GDP has grown at a steady 2.5% in 2024. 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Rising 10-year yields reflect increased risk of inflation as a strong BLS jobs report reflects robust economic growth and a tight labor market. Brent crude climbed to $91.15 per barrel, headed for our medium-term target of $96. Gold broke\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"Brent Crude","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-04-05-brent.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-04-05-brent.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-04-05-brent.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":63319,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/12\/01\/silver-at-a-record-high-as-bitcoin-plunges\/","url_meta":{"origin":63053,"position":5},"title":"Silver at a record high as Bitcoin plunges","author":"Colin Twiggs","date":"December 1, 2025","format":false,"excerpt":"Key Points Silver set a record high of $57.85, with tight supply in London and Shanghai. 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