News Overnight
A terrible miss for Canadian CPI, following the higher than expected Resources and Industrial PPIs yesterday. Surely no more rate cuts and recession incoming. The dreaded stagflation.
The Gold and Silver parabolas finally broke taking price down 5% and 7% respectively.
Equities were chilling.
Breaking
Gold tumbles 6% in biggest sell-off since 2013 [FT]
US army taps private equity groups to help fund $150bn revamp [FT]
Japan stocks hit record as Sanae Takaichi becomes prime minister [FT]
BOJ Is Said to Be Closer to Rate Hike With Little Need to Rush [Bloomberg]
A Troubled $140 Billion Bet on China Property Gets Even Worse [Bloomberg]
Trump-Putin summit called off as Russia stalls on ceasefire [AFR]
For Free Subscribers
Silver Update 22 October 2025
Nowhere was the euphoria crushed harder than in Silver. We’d like to see price close above $48.50 to preserve the uptrend. The old pivot line may well come into play at 45.00 and we wouldn’t expect price to break below $40.00.
S&P 500 Update 22 October 2025
For Paid Subscribers
Bitcoin Update 22 October 2025
Economic Indicators Today
