which caused stocks to lose $2 trillion in value on Friday, saying that “It could take a hundred years for a 100% tariff to be imposed on China.” The Dow rallied by 600 points. The president can’t afford another 20% crash. The last one caused supporters to abandon him like rats jumping a sinking ship. Stick with the main stories: AI and hyper liquidity.

causing prices to go ballistic. Spot silver climbed as much as 3.7% above $52 an ounce, exceeding the old Hunt Brothers 1980 $50 high, while gold traded near $4,100, building on a record-breaking run of eight weekly gains. Platinum and palladium also jumped, amid signs that market stresses caused by surging investor demand are starting to spread to other precious metals. Silver could reach $100 an ounce in 2026.

says the Bank of America. Gold surged above $4,000 an ounce for the first time ever on October 8. Gold prices scaled to another record high at $4,079.62 on Monday as investors revved up their safe-haven bets after U.S. President Donald Trump renewed tariff threats against China, while expectations of U.S. interest rate cuts added to the metal's allure. Buy (GLD) on dips.

planned by NextEra (NEE). The 6-Gigawatt Esmeralda 7 project was to provide power for 2 million homes, just as the US heads into an electricity crisis. The president’s war on alternative energy continues.

for writing about “Creative Destruction.” Joel Mokyr, Philippe Aghion, and Peter Howitt won the prize. Their research explains how technology gives rise to new products and production methods that replace old ones, resulting in a better standard of living, health, and quality of life. It looks like I’ll be meeting them at a future meeting.