Once called "dumb money," everyday investors —people trading via Robinhood, Schwab and the like—are now collectively big enough to have sway over the direction of markets. Why it matters: That power can come with real risks for this herd of retail investors and potentially for the economy if they pile into an investment that goes terribly wrong. State of play: Investments are taking on an increasingly bigger share of the wealth picture for everyday Americans, according to the JPMorgan Chase Institute . - Retail investing makes up about a quarter of daily trading volume on average, according to Jefferies . - Young people are also increasingly viewing investing as a source of income, according to a survey from the Oliver Wyman Forum.…
After President Trump early Friday morning nominated former Federal Reserve board member Kevin Warsh to be the central bank's next chair, gold and silver saw a significant selloff, while U.S. stocks dipped.
AI:President Trump officially nominated former Federal Reserve board member Kevin Warsh to serve as the next Chairman of the Federal Reserve. Following the announcement early Friday morning, financial markets reacted immediately with a significant selloff in gold and silver prices alongside a dip in major U.S. stocks.Open
Gold and silver prices cratered Friday after President Trump named Kevin Warsh to lead the Federal Reserve, following months of gains driven in no small part by fears over the central bank's independence. The big picture: The selloff follows a year when the precious metals soared as if they were meme stocks or the hot new tech darling. Today's plunge was seen by many market analysts as an inevitable move for an asset class primed to retreat, with the Fed news merely a catalyst. State of play: Gold futures tumbled 9% Friday afternoon, to $4,901 per ounce. It saw the biggest daily decline since the early 1980s, per Bloomberg . - Silver plunged 27%, to $83.35 an ounce, the steepest one-day decline since 1980, per MarketWatch . What…
Silver has risen roughly 60 percent this month alone. What is going on?
AI:The mainstream media's obsession with trivialities fails to grasp the massive structural shift occurring in the commodities market. Silver prices have skyrocketed by approximately 60 percent in a single month, outstripping even gold's momentum. While the liberal establishment remains distracted by their partisan theater, smart money is fleeing the fiat delusion and moving into hard assets as the financial foundations tremble.Open
