Limit Up! 9th September 2025
French Government collapses | Gold, Silver, NASDAQ new highs, BTC pausing | USD & yields lower | US CPI Wednesday
Surprise revision higher of Japanese GDP
China trade waning
Rebound in German Industrial Production finally
Breaking
French government collapses as PM François Bayrou loses confidence vote [FT]
House Democrats share image of apparent Trump birthday note to Epstein [Guardian]
How Trump’s Business Empire Benefits From His Presidency [Bloomberg]
French Government Collapses
French government collapses as PM François Bayrou loses confidence vote [FT]
Gold Update
Amazing day yet again for Gold as we break the middle of the uptrend channel. These candles could get bigger.
Silver Update
Nice close for Silver but we’re still not over the pivot line. A big cut by the FED next week could damage price as economy is perceived to be tanking, Silver being both an industrial metal and a precious metal.
Oil Update
BRENT tried to spike higher but got rejected. Likely settling into a holding pattern before next week.
Bitcoin Update
Despite some bullish price action we’re still hanging in the bear flag. For the moment price will break with tech stocks but I do think that BTC is beginning to move with Gold. I may well eat my words next week when the FED cuts.
USD Update
Looks like a second recent stab at 15 year support. Price just can’t catch any sort of bid. Only Powell can save the dollar by sacrificing the economy.
US 10 Year Yield Update
What’s the opposite of “this train never stops”? 25bps drop in last 4 trading days as narrative turns on a dime. BLS debacle means we have no real guage of the economy. Lucky the FED is on hand.
NASDAQ Update
A record close yet again but no momentum. We may well drift higher until the FOMC next Wednesday. Amount of cut and narrative from Powell will drive next move.
Economic Indicators Today
