🪙 Metals Market Outlook & Dynamics

  • Post a 10% daily drop, historical gold data (110 events over 50 years) reveals poor short-term win rates: 5D at -0.07% (43.6% win rate) and 20D at +0.76% (51.8% win rate). Despite long-term mathematical expectations favoring upside, short-term performance after such dips is unfavorable, signaling a patient approach. 6
  • $SLV candlestick formation (referencing “95’s in after hrs”) signals a potential interim top. 9
  • All 3-20x leverage has flushed out of silver due to forced selling, resetting positioning and eliminating weak hands. This capitulation likely marks a bottom that could hold for weeks. 10
  • Silver will not breach $150 this cycle. The violent leverage wipeout shattered market psychology and confidence, requiring significant time to heal before any sustained advance. 14
  • Commodity markets are navigating unprecedented volatility; this period will be referenced for decades. 22
  • The recent ~40% plunge in Silver within 48 hours highlights the lethal risks of leverage, affirming that sustainable success avoids borrowed risk. 26
  • Post-leverage flush, markets cleanse: weak hands exit, open interest collapses, and volatility compresses. This paves the way for price rebuilding based on cash buyers and physical demand, not borrowed capital. 27

💻 Tech & AI Sector Insights

  • Rumors indicate Google may abandon HBM for TPU v8 and beyond. This shift stems from a global HBM capacity shortage and design limitations, hindering AI growth demand for the next 2-3 years. 11
  • Despite the HBM rumor, a personal assessment casts doubt on its veracity, though awareness is key. 12
  • DeepSeek’s next-gen model, featuring trillions of parameters, faces training speed bottlenecks due to its immense size. This implies the anticipated Lunar New Year release will likely be a minor update to V3. 18
  • TrendForce forecasts a full-scale memory price increase in Q1 2026. This is driven by expanding AI and data center demand, deepening the global memory supply-demand imbalance. 25
  • SpaceX is reportedly in advanced merger talks with xAI, potentially setting the stage for the largest IPO in history. 28

📊 Individual Stock Performance

  • $ORCL is down nearly -60% from its ATH set under 5 months ago, a steeper drawdown than its -44% during the GFC. 15
  • Since $MSTR rebranded to “Strategy” on August 11th, 2025, the stock has plummeted -67%. 17

🧠 Market Structure & Psychology

  • Traders often interpret charts to rationalize existing positions, not to discover truth. Bias precedes analysis. The most valuable market opinions come from those without positions to defend. 19

🌐 Future of Finance

  • Onchain finance represents the ultimate form of finance, excelling in cost, speed, and ease of transactions. 20
  • Financial markets will inevitably migrate onchain due to inherent superior efficiency and transparency. 21