Nine of the largest publicly traded oil companies could collectively receive more than $95 billion in profit for the third quarter of 2026.

The increase in profits is linked to a surge in fossil fuel prices amid the war by the United States and Israel against Iran.

@ouchcrazymoney

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Bargain Hunters Return After Worst October Since 2008, Can Gold Reclaim $3,978?

Key Points:

👉 Gold rebounded on Monday as bargain hunters stepped in after its worst October since 2008, and softer oil eased Fed hike worries. Tuesday’s US midterms and Friday’s jobs report come next.

👉 Gold trades near $3,911 after breaking below $3,978. Bias is bearish below that level, with $3,817 and then $3,719 in focus, while a daily close back above $3,978 would ease the pressure.

👉 Silver lost about 18% in October and fell below $50 for the first time since November 2025 as rate hike fears and a tech stock sell-off hit precious metals.

👉 Silver trades near $50.13 after breaking $54.72. First support is $49.04, with $45.66 next on a daily close below, and the bias stays bearish while silver is below $54.72.

Buy or sell ?

Vote 👍 or 👎

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Gold (XAUUSD) & Silver Price Forecast: Can Gold Break $4,161 as Silver Eyes $55.41?

Key Points:

👉 Hotter-than-expected September CPI revived Fed tightening concerns, although softer Treasury yields and a weaker dollar offered gold some relief.

👉 Gold holds above $4,127.56 after rebounding from $4,073.63, with a breakout above $4,161.46 potentially targeting $4,181.44 and $4,216.96.

👉 Global gold ETFs attracted $10 billion in September, lifting holdings to a record 4,256 tonnes, while third-quarter inflows reached $31 billion.

👉 Silver remains bearish below $56.34 and its descending trendline, with a break beneath $55.41 potentially exposing $54.85 and $54.29 as oversold conditions persist

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Apple Becomes Second Company to Close Above $5 Trillion

Apple today closed with a market capitalization above $5 trillion, making it the second company to do so after Nvidia.

@ouchcrazymoney

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Gold Today:

Key Points:

• China increased gold holdings for a 23rd straight month, reinforcing the case for strategic reserve diversification.

• Gold remains bearish below $4,160 and $4,190, with $4,112 acting as the first major support level.

• Fed minutes could reshape rate expectations as markets assess whether policymakers still favor further tightening

👍 Buy or sell👎 ?

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Meta to Pay Up to $17.1 Billion in Landmark Settlement Over Social Media Addiction Claims

@ouchcrazymoney

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Binance’s BNB Coin May Drop Toward $500 Next: Here’s Why


BNB fell toward $565 as Kimi K3’s launch fueled an AI-led risk-off move across technology stocks and cryptocurrencies.

BNB’s close association with the AI narrative may increase its sensitivity to changing sentiment around AI investments.

A falling wedge could send BNB toward $535–$515, while a breakout above $584 may weaken the bearish outlook.

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The Week Ahead: CPI, Fed Chair Warsh and earnings set the tone for U.S. stocks

Inflation takes center stage as CPI and PPI shape expectations for the Fed's next policy move.

Fed Chair Kevin Warsh's first congressional testimony could reset expectations for interest rates.

Big bank earnings, ASML and Netflix provide key insight into the economy, AI spending and consumers. 

https://telegra.ph/Key-Economic-Releases--Notable-Earnings-07-12

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Chinese investors pulled out around $2.22 billion of domestic Gold Exchange-Traded Funds in June, the largest monthly amount on record.

Investors opted to take profits as risk appetite improved and the focus shifted to equities.

@ouchcrazymoney

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Can Gold Hold Support Ahead of U.S. Inflation Data?


Key Points:

Next week's CPI and Fed Chair Warsh's testimony could determine gold's next major move.

Gold price rebounds as the dollar weakens, but hawkish Fed minutes keep September rate hike bets alive.

Treasury yields remain near multi-week highs, limiting gold's upside despite a softer U.S. dollar.

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