This is not new. Gold always sells off in a slump. It's the coming debt crisis where it will shine...
HSBC: gold is a source of cash in a sell-off.
HSBC Asset Management strategists say gold has failed as a short-term hedge during stock sell-offs, because margin calls force leveraged holders to sell bullion.
They still see a long-term case built on currency debasement, central bank diversification and geopolitical fragmentation.
hidflect retweeted
It’s weird how normalized this is.
If a bunch of random dudes with giant beards and silly hats and black clothes just showed up out of nowhere one day and started ordering us to start foreign wars, we would all flip out, like who the fuck are these guys?
Construction insolvencies soar 59 per cent following Reserve Bank of Australia’s fourth interest rate rise thenightly.com.au/business/c…
hidflect retweeted
black october just got worse. a japanese company lost 27,000 servers and it’s not even the scariest part
GMO Internet runs a cloud service called Onamae Desktop, mostly used by forex traders running automated trading bots
hackers broke in, installed malware across up to 26,739 servers, stole trading credentials and started making unauthorized trades on people’s accounts
not one broker. over 70 different securities and forex firms across japan and internationally. people woke up to trades they never made, money moving they never authorized
OANDA Japan froze customer withdrawals. GMO refused to pay the ransom, permanently shut down the entire service, and did something nobody expected
they asked the japanese government to use brand new active cyber defense powers, literally military-grade authority that just went into effect october 1st, to trace and neutralize the attackers’ infrastructure. the government can now legally hack back
the technical details from the attacker’s own site are terrifying. GMO configured their VPS network using Active Directory, something you should never do on shared hosting
every server had admin credentials. and the RDP files customers used to connect? drive redirect was enabled by default, meaning the moment you connected to your VPS, your entire local PC was shared with the server
hackers didn’t just own the servers. they had a direct path into every customer’s personal computer. they extracted data, installed backdoors. customers were exposed like this for over 7 years
27,000 servers. 70+ brokers. unauthorized trades. personal computers backdoored. a company begging its government to go to cyber war
october isn’t slowing down
He's sick...
White House spokesman Davis Ingle said only “glue-sniffing degenerates” would push “baseless conspiracy theories” about Trump, insisting he “remains in excellent health.”
Apple’s iPhone Duo fails JerryRigEverything’s durability test dexerto.com/entertainment/ap…
Texas has suspended 17 data center construction permits and shut down automated portal that rubber-stamped projects — site was left running for a month after Greg Abbott called for a pause on approvals tomshardware.com/tech-indust…
hidflect retweeted
Thanks my friend.
$CRWV is also a zero.
Exit liquidity for the instos.
🚨 RETAIL INVESTORS DID IT AGAIN.
JPMorgan data shows retail investors bought nearly $550 MILLION worth of tech stocks between October 15 and 21, their biggest buying spree in at least 2 years, right before another brutal AI stock sell off.
Most of the buying was concentrated in semiconductor stocks, memory chipmakers and AI infrastructure companies.
Tech ETFs also recorded their SECOND HIGHEST weekly inflows EVER, with October 16 seeing the biggest single day inflow on record.
But the timing couldn't have been worse.
The semiconductor index plunged 6.7% on October 22 and was down 19.5% from October 6.
Retail investors rushed to buy the AI dip, only to get caught in another brutal sell off.
If the AI downturn continues, those aggressive bets could turn into much bigger losses.
More good news for the #NASDAQ100
Massive recall on iPhone duo likely after hundreds of customers report phones having screens crack on day one of ownership.
Everything Apple makes is shit now. The 18 pro is showing significant color fading after one month.
$AAPL
Reports have emerged from early iPhone Duo owners who are experiencing display cracks right along the internal hinge mechanism. Because the device was only recently released, these hardware failures are primarily being documented by early adopters on platforms like Reddit and the MacRumors Forums.[1, 2]
hidflect retweeted
notice..
> Delta is blocking AI agents from booking flights
> JPMorgan Chase and Charles Schwab block agents from accessing accounts
> Yelp requires paid data licensing for agents
> Amazon has blocked Grok bot and other shopping agents.
the internet is starting to block AI agents that were supposed to do everything for us
hidflect retweeted
Norway has removed all of its $2tn Investment Fund from Israel linked banks, as it continues its policy of BDS against Israel.
Well done Norway.
hidflect retweeted
-11%.
German industrial output in 2025 vs 2015, per Eurostat data worked up by Berliner Zeitung.
Same ten years, the neighbours:
Poland +54%
Denmark +48%
Switzerland +36%
Belgium +24%
Austria +23%
The paper notes the slide began before 2022 and got much worse after. You know what changed in 2022.
This week Berlin hosted its own "Invest in Germany" summit. On day one, Roche put all future investment decisions in Germany on hold. Its Germany head: "political decisions have recently destroyed a great deal of trust."
Siemens CEO Roland Busch, next to the economy minister: companies will "simply invest elsewhere."
And ten-year mortgage rates are near 4.5%, highest since 2009, per Interhyp.
Europe's biggest economy, slowly turning into a museum of what it used to make.
hidflect retweeted
US to begin the largest wage and asset seizure in history after the midterm elections; seizures will target 10 million students in student loan default. $COF $BAC $WFC $JPM
The banking and housing system are about to implode.
forbes.com/sites/adamminsky/…
