Silver to hit $100 by the end of 2026 says BNP Paribas and Solomon Global
Source: Barchart
China's deflationary vortex is getting worse:
*CHINA SEPT. CONSUMER PRICES FALL 0.3% Y/Y; EST. -0.2% *CHINA SEPT. PRODUCER PRICES FALL 2.3% Y/Y; EST. -2.3%
Will gold rally be as explosive as the one in the 80s ???
Source: Macrobond, Bloomberg, Incrementum AG
J.P. Morgan Crushed Q3 Earnings Estimates as Wall Street’s Dealmaking and Trading Revenue Explosion Drive Revenue Beat
JPMorgan just beat Q3 2025 earnings with net income jumping 12% to $14.4B ($5.07/sh), vs estimates of $4.85-$4.87 per share Revenue climbed 9% year-over-year to $46.4 billion, topping the $45.3-$45.5 billion Street expected. What Drove This? - Investment Banking: IB fees surged 17% to $2.6B as JPM stays #1 on the IB deal making tables for fees - Trading: Trading revenues were also up 25% this quarter to $8.94B despite Q3 being generally slower in markets - Loans: Net Interest Income (NII) came in at $24.1B, up from previous quarters, management raised guidance for 2025 The bank maintained solid capital ratios with ROE at 17% and ROTCE at approximately 19-21% What Happens from Here? - CEO Jamie Dimon noted the U.S. economy showed resilience during Q3 but cautioned about “significant risks” - These include tariffs, trade uncertainty, geopolitical tensions, fiscal deficits, and elevated asset prices - He mentioned that JPM was prepared for a variety of outcomes $JPM JPMorganChase Q3 FY25. • Net revenue +9% Y/Y to $46.4B ($1.5B beat). • Net Income +12% Y/Y to $14.4B. • EPS: $5.07 ($0.23 beat). • FY25 NII ~$95.8B ($0.3B raise). Source: App Economy Insights @EconomyApp Perplexity Finance @PPLXfinance
In case you missed it...
A Swiss court has ruled that regulators’ decision to wipe out SFr16.5bn (£15.5bn) of Credit Suisse bonds as part of a government-orchestrated rescue was unlawful but stopped short of ruling whether investors should be repaid. The case was brought by about 3,000 investors across 360 cases after Swiss financial regulator Finma ordered the bank’s Additional Tier 1 (AT1) bonds be written off in March 2023, as part of Credit Suisse’s emergency rescue by UBS. The Swiss Federal Administrative Court said that Finma had no clear legal basis for the move. The court found that the regulator’s decree had been invalid but did not rule on whether the bonds should be reinstated or repaid. Source: FT https://lnkd.in/eTfcR2yT
Silver was brutally slammed by $3.75/oz, or 7%, in the early hours of the morning.
Is someone (a bank?) trying to force prices below the critical $50 level ??? Source: Jesse Columbo
Silver continues leaving COMEX, another 4.56 million ounces withdrawn in a single day.
That means traders are actually taking physical delivery instead of just trading paper contracts. It’s happening because the London silver price is higher than New York’s, so traders are pulling real metal from U.S. vaults to sell it where it’s worth more. Each withdrawal tightens supply further and shows how physical demand is outpacing what’s left on paper. Source: StockMarket.news
OKLO
One year ago: $OKLO $9/share, $0 in revenue. Today: $OKLO $175/share, still $0 in revenue. Source: Trend Spider
