Gold would be ~$9,700 if it kept up with M2 To hit $40,000/oz, Gold would need to add about $246 Trillion in market cap from today's levels.
Source: Katusa Research @KatusaResearch
ECB President Christine Lagarde: "Europe is going to do a big SWOT analysis and decide what do we need to do to be strong by ourselves."
Source chart : FT Source image: Reuters
Countries joining Trump's peace board
Source: Rothmus @Rothmus on X
Excellent comments by German Chancellor Friedrich Merz in Davos today
Europeans have damaged their economies. They must fix it.
Gold is making new highs as a monetary realignment unfolds in real time
One chart says it all china’s Treasury holdings are at 18-year lows, while gold reserves are at all-time highs. Source: Tavi Costa, Bloomberg
Trump says he reached Greenland deal ‘framework’ with NATO, backs off Europe tariffs
President Trump just said: "We have formed the framework of a future deal with respect to Greenland and, in fact, the entire Arctic Region" ... "Based upon this understanding, I will not be imposing the Tariffs that were scheduled to go into effect on February 1st." Dow rallies 750 points. Dollar up. 10-year US Treasury yield down. Silver down. Cryptos up. Source: @realDonaldTrump
🚨 Why JPMorgan's Desk Thinks The Greenland Standoff Ends In A Bullish "Negotiated Arrangement" 🚨
The headlines are screaming "Trade War." JPMorgan’s desk is whispering "Opportunity." 📈 While the media focuses on the chaos, JPM’s International Market Intel team is looking at the scoreboard. Here is why they think the "Greenland Standoff" is actually a bullish signal for 2026: 1. It’s a Negotiation, Not an Invasion. 🤝 Federico Manicardi (JPM) calls it straight: This is classic Art of the Deal. Trump throws out a maximalist stance (10% EU tariffs / buying Greenland) to create leverage and urgency. The goal? A "Negotiated Arrangement," not a sale. 2. The "Bullish" Outcome. 🐂 JPM expects a deal where: ✅ Denmark keeps sovereignty. ✅ The US gets Arctic security & missile defense upgrades. ✅ Access to critical natural resources is secured. Result? Uncertainty clears, and the 2026 growth reboot stays on track. 3. The "Tail Risks" are Overblown. 🧊 An actual invasion? "Melts NATO faster than Arctic ice" and polls horribly. A sale? Unlikely and unnecessary. JPM sees the downside limited to a mid-single-digit (MSD) drop at worst before the rebound. 4. Eyes on Davos. 🏔️ With Trump addressing the World Economic Forum tomorrow, expect the rhetoric to shift from "threats" to "affordability and growth." The Bottom Line: Volatility is a gift if you understand the playbook. The market is anticipating a growth reboot, and JPM believes this "orange flag" is just noise on the path to a deal. Source: ZeroHedge
GREENLAND fact check #1: Greenland is NOT part of the European Union, despite being an autonomous territory within the Kingdom of Denmark, which is an EU member state.
Greenland has a unique history with the EU, being the only territory to ever leave it. Originally joining in 1973 as part of Denmark, Greenland’s population consistently opposed European integration. 1972 Referendum: 70% voted against joining the European Communities, but Greenland joined anyway as part of Denmark. 1982 Referendum: After gaining home rule in 1979, 52% voted to leave, driven by disputes over the Common Fisheries Policy, control of natural resources, and a sense that the EC ignored Greenland’s interests. Turnout was 74.9%. 1985 Withdrawal: Greenland formally left the EC on January 1, 1985, via the Greenland Treaty, becoming an Overseas Country and Territory (OCT) associated with the EU, maintaining some economic ties while regaining sovereignty over its fisheries.
