The S&P 500 fell 38.5% in 2008 while nearly every asset class dropped with it. Gold ended higher.
Deep Dive
Between a discovery and a delivered product sit permits, furnaces, and roughly a decade and a half.
When only a sliver of a giant company trades, a modest amount of money moves the entire valuation.
Nvidia fell 3.86% and Micron 13.31% before a single earnings call. Capital spending guidance lands this week.
Weekly Review
When a company's whole value rides on one founder, you own his vision and his fragility too.
From Rome to Weimar to today, no government has ever resisted the urge to debase its money.
From miners to chipmakers, the state is taking direct equity stakes, and that reshapes who wins and how.
Solar panels, electronics, and EVs now consume nearly half the silver mined, and supply cannot keep pace.
