Deleterious

Timely article from the WSJ. Behind a paywall so I will list them. Five Reasons Gold Prices Surged Above $5,000 an Ounce The debasement trade - Among the most bullish gold buyers are those worried about the strength of the U.S. dollar and other major currencies. They have snapped up the precious metal as a store of value that they hope will withstand economic shocks. Lower interest rates - The Fed’s rate cuts, which have slashed the yield on government bonds and cash, are also driving investors to gold. Central bank buying - Central banks, which were net sellers of gold for many years, flipped to net buyers in 2010 when they reassessed their risks following the financial crisis sparked by the American mortgage meltdown. Central banks picked up the pace of their gold purchases in 2022. That is when the West sanctioned Russia over its invasion of Ukraine. Central banks in countries that have strained relationships with the West, including China, have been shifting away from dollar-based assets into gold, which is beyond the reach of foreigners. Expensive stocks - Like gold prices, stock-market benchmarks have been hitting record highs. Their dizzying heights are making investors nervous. The most common way to value stocks is as a multiple of earnings. One popular measure, a cyclically adjusted version of the price-to-earnings ratios that rely on analyst forecasts of future profits, says that stocks have been more expensive only once during the past 100 years: right before the dot-com bubble burst in 2000. Momentum - Gold is a good bet to keep gaining, if for no other reason than gold rallies tend to be long-lasting. In five of the six years before 2025 that gold futures rose by at least 20%, they climbed again the following year. And in those five years, the average increase was more than 15%, according to Citi analysts. The pattern held in 2025, when gold followed 2024’s 27% increase with a 65% gain.

Hard to watch when they play garbage teams like Sacramento. Friday's game was much more entertaining. They play Denver and Phoenix this week. Joker should still be out for Denver and Booker is probably out for Phoenix. So that sucks. Golden State is the third team on the road trip and Butler is out for them.

FOMO is part of it, which is true for most trends in investing. The weak dollar is definitely another part of it. The dollar is off by about 10% since Trump took office. Flight to safety is another big driving force. People think the market is due for a downturn. Treasuries would be a normal spot to park money coming out of the market. But the president is on TV every other day demanding the Fed lower interest rates. Lower rates equal lower yields on treasuries. So some people are turning to gold. The odds of a shutdown also went up this weekend after the shooting. Democrats will not pass any funding bill that includes funding for ICE, where they probably were going to before this weekend's events. A more simple answer. Lack of confidence in US fiscal policy.

Gold broke through $5,000 tonight.

The Athletic is 10 years old. **** I'm old.

Decades ago.

So he wasn't legally carrying and that is how they are going to try and get out of it? ICE didn't know he was illegally carrying when they shot him. Even if they did, that doesn't mean you get to shoot him.

This could be something to keep an eye on regarding silver Samsung’s Solid-State Battery Could Be Silver’s Next Big Demand Engine

I know where I'm parking the next time we fly Delta. Driver crashes into McNamara Terminal at Detroit Metro Airport

Easy to understand why NBC was shopping the Big Ten conference championship. The ratings for that game probably will be fine. They are selling it to recoup missed revenue from the bad regular season ratings. Start times are an issue, but it isn't the late ones. It's putting your best game every week on at noon. Your best games need to be in the 3:30/7:30 slots.

Celtic karma. They won Friday night on a bad defensive rotation at the exact same spot on the floor. Bad rotation from White gives the Bulls an open shot to win it tonight.

That is pretty rough. SEC Football Isn’t Winning Titles. But There’s One Way It’s Still Crushing the Big Ten.

Still odd to me that the older brother is in college and the younger brother is in the NBA

The only silver I own is some ASE's my grandpa bought me, so those will never be sold. I do own a decent amount of physical gold with a DCA of about $1,800. Considered selling it with prices so high, but I like having it lying around. I'm weird like that.

Timberwolves-Warriors game postponed until tomorrow because of the Minnesota stuff.

The lady in the pink coat uploaded her footage

After working his TS% up to a somewhat respectable 59%, Cade has had a rough month of January. TS% of 50% which is awful and his overall TS% has dropped back to 56%. 58% is the current league average for TS%.

First Saturday without football in months, and you scheduled three awful games.

Might be easier to just post who in the league is healthy. Not sure if there was a market for him. But that timeline takes him past the Feb 5th trade deadline.

Bleak diagnosis from Dr. Antetokounmpo.