BlackMask Breaking News

The prices of precious metals rallied on Thursday, with silver reaching a new record high and passing the $50 mark. The prices likely continued to be affected by the United States government shutdown, which has put many economic data releases on hold, raising even more concerns about the state of the economy and leaving investors without clear guidance.

Silver surged 2.35%, selling for $50.03 per ounce, at 8:30 am ET. A minute later, gold was flat, going for $4,041.23 per ounce. At 8:33 am ET, platinum was up 0.22% to sell at $1,673.51 per ounce, and palladium soared 3.75%, going for $1,461.47 per ounce.

NN: This will end in tears

The Gaza ceasefire between Israel and Hamas formally came into force, Egypt’s Al Qahera News reported on Thursday. Egyptian President Abdel Fattah al-Sisi confirmed it minutes later by saying that “an agreement has been reached to implement a ceasefire and end the war in Gaza.” The ceasefire was formally signed in Sharm el-Sheikh and went into effect at 12:00 pm Cairo time. In order to facilitate the movement of civilians and the delivery of aid, five humanitarian crossings into Gaza will open. The deal’s first prisoner swap is tentatively set for Saturday or Sunday, the media added. The first phase of US President Donald Trump’s ceasefire agreement, which Israel and Hamas had previously agreed to, calls for the release of 20 live hostages in exchange for 2,000 Palestinian detainees during the first 72 hours of the truce.

NN: This is not how this will end up

Crude oil prices continued to advance, rising by more than 1% on Wednesday, with traders still digesting the decision by the Organization of the Petroleum Exporting Countries and its partners (OPEC+) to increase its oil production by 137,000 barrels per day in November, signifying a smaller output hike than expected.

The West Texas Intermediate (WTI) for deliveries in November grew by 1.43% at 7:50 am ET, going for $62.61 per barrel. Meanwhile, Brent for December’s settlements climbed by 1.28% to $66.29 per barrel at 7:52 am ET.

The price of Brent will decline to an average $62 per barrel in the fourth quarter of 2025 and $52 per barrel in 2026, the United States Energy Information Administration (EIA) forecast in its report published on Tuesday. In the prediction, the EIA tied the expected drop to an expected rise in oil inventories. The agency further predicted that crude oil production in the United States will average 13.5 million barrels per day (bpd) in both 2025 and 2026, increasing its forecast for the latter year by 200,000 bpd. The Organization of the Petroleum Exporting Countries and its partners’ (OPEC+) production will remain below announced targets, the EIA projected. The agency also anticipated that non-OPEC countries’ manufacturing capacities will rise by 2 million bpd in 225 and 700,000 bpd in 2026.

Gold futures climbed to a new all-time high on Tuesday, topping $4,000 per ounce for the first time in history, as investors continued to turn to safe-haven assets amid the ongoing government shutdown, with both the Republican and Democratic senators failing to reach the sufficient votes to pass their respective funding bills to reopen the federal government.

Gold futures for contracts in December rose by 0.67% at 8:56 am ET to go for $4,0012.8 per ounce. Meanwhile, spot gold also traded at record highs, advancing by 0.58% at 9:13 am ET to go for 3,983.65 per ounce. At the same time, silver declined by 0.17% and went for $48.44 per ounce, while platinum dipped by 0.60% at 9:14 am ET, going for $1,628.67 per ounce. Palladium grew by 0.91% a minute later and went for $1,318.88 per ounce.

NN: A classic bubble

The prices of precious metals continued to grow on Monday, with gold reaching a new all-time high as the ongoing shutdown of the United States government and the potential layoffs that may result from it caused investors to turn to safe-haven assets.

Gold jumped by 1.64% to go for $3,950 per ounce at 10:14 am ET, while silver gained 1.20% and went for $48.59 per ounce at 10:24 am ET. Meanwhile, platinum rose by 3.41% to $1,636.93 per ounce at 10:24 am ET, and palladium increased by 3.40% at the same time, going for $1,275.57 per ounce.

NN: A obvious overreaction to the   temporary government shutdown. I can’t wait for the time to short this insanity

Silver gained as much as 1.5% in Monday’s trade, reaching a price unseen since January 1980. The rise comes amid increased demand for precious metals triggered by rising uncertainty, with gold climbing to a fresh all-time high today. Silver added 1.37% at 3:26 am ET, going for $48.65 per ounce, while gold increased by 1.14% and went for $3,931.12 per ounce. At the same time, platinum grew by 2.58%, to go for $1,624.38 per ounce and palladium improved by 2.05% and went for $1,258.78 per ounce.

NN: Bunker drove silver to $50 a ounce. Only to have Wallstreet  bust his balls. He lost everything. Bunker was forced to liquidate 105 million ounces of silver at $5.00 a ounce. I shorted silver starting out at $50 all the way down. And bought silver at $5.00.. Wanna hear the really good part? I am fixing to sell $50 silver again

Oil prices rose over 1.5% on Monday, after the Organization of the Petroleum Exporting Countries and its partners (OPEC+) decided to increase output in November by 137,000 barrels per day (bpd), swaying investors’ concerns about supply additions as analysts saw this OPEC+ move as a “modest” hike. The West Texas Intermediate (WTI) for November’s settlements climbed by 1.72% at 8:16 am ET, going for $61.93 per barrel. Meanwhile, Brent’s deliveries for settlements in December advanced by 1.66% to $65.59 per barrel at the same time.

NN: So much for the 500,000 BPD production increase the trading desks ballyhooed.

United States President Donald Trump continued to express hopes that peace would soon reach Gaza, while speaking to reporters in front of the White House on Sunday.

“The Hamas plan, it’s amazing. You are going to have peace in the Middle East, for the first time in, they say, really, 3,000 years. So I’m very honored to be a big part of that,” Trump stated.

NN: I am not so sure peace in the Middle East is a done deal

More to come…