Commodity Markets Are Preparing for Something

Everyone knows why copper surged to record highs.Artificial intelligence.Data centers require enormous amounts of electricity. Electricity requires new generation, transmission lines, transformers, cooling systems, and miles of copper wiring. Add electric vehicles, renewable energy, and years of underinvestment in new mines, and the conclusion appears obvious:Copper is entering a historic bull market.There’s just one problem.Eurodollar University's Money & Macro Analysis----------------------------------------------------------------------------------What if your gold could actually pay you every month… in MORE gold?That’s exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.Check it out here: https://monetary-metals.com/snider----------------------------------------------------------------------------------Watch the replay of my last webinar to learn which warning signs to watch, and what they could mean for your portfolio. https://youtube.com/live/6Jjc1zQc-PwGet exclusive access to our webinar-only offer before it expires https://edu2.eurodollar.university/webinar---------------------------------------------------------------------------------https://www.youtube.com/watch?v=42j446uAGFchttps://www.youtube.com/shorts/DIoCZAPUwWghttps://www.cmegroup.com/videos/2026/11/10/australian-dollar-futures-slide-to-seven-month-lows-following-u-.htmlhttps://www.youtube.com/watch?v=Ha5z6v_T9lUhttps://www.youtube.com/watch?v=37OOnvHvDeUhttps://www.youtube.com/watch?v=42j446uAGFchttps://www.youtube.com/shorts/bgrFIBr8_Awhttps://www.facebook.com/financialtimeslive/videos/what-impact-could-us-copper-tariffs-have-on-global-marketsduncan-wanblad-ceo-of-/1089401964090098/https://www.youtube.com/watch?v=Cvhd1yLinJohttps://www.facebook.com/chinadaily/videos/xi-calls-on-apec-members-to-work-together-amid-challenges/3357852267735636/https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUI’ll also be active on Bravais Social - a new AI-centered social network designed for professionals and knowledge workers. The platform aims to bring together a wider range of tools and functionalities tailored specifically for professional interaction, research, and knowledge exchange in one place. You can find me here: https://bravais.social/profile/edu

Baby food and formula prices surged 5.1% in October, the largest monthly increase ever recorded. That isn’t some optional purchase consumers can postpone until prices come back down. Parents can’t tell a hungry infant to wait for the job market to pick up some time next decade. The consequences have spilled over well beyond the baby food aisle. Airlines are chopping flights and cars are next. Meanwhile, central bankers and Economists want us to just ACCEPT THAT WE'RE POORER. That's just what the "resilient" economy narrative means, the one voters overwhelmingly just rejected. Eurodollar University's Money & Macro Analysis----------------------------------------------------------------------------------What if your gold could actually pay you every month… in MORE gold?That’s exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.Check it out here: https://monetary-metals.com/snider----------------------------------------------------------------------------------Watch the replay of my last webinar to learn which warning signs to watch, and what they could mean for your portfolio. https://youtube.com/live/6Jjc1zQc-PwGet exclusive access to our webinar-only offer before it expires https://edu2.eurodollar.university/webinar---------------------------------------------------------------------------------https://www.youtube.com/watch?v=kZz0ObvpLtshttps://www.youtube.com/watch?v=a0uF1_LFuhQhttps://www.instagram.com/reel/Dc5vdDpFeBc/?hl=enhttps://www.youtube.com/watch?v=xdY7Uti-84Uhttps://www.youtube.com/watch?v=RYpiuyAkgNIhttps://www.youtube.com/watch?v=7teh6F04sx4https://www.bbc.com/news/business-65397276https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUI’ll also be active on Bravais Social - a new AI-centered social network designed for professionals and knowledge workers. The platform aims to bring together a wider range of tools and functionalities tailored specifically for professional interaction, research, and knowledge exchange in one place. You can find me here: https://bravais.social/profile/edu

The bond market just gave back a chunk of its recent rally. Through last Thursday, Treasury yields had been falling and the curve had been bull-steepening. It was an honest to goodness bond rally dating back to early October. Then payrolls came in stronger than expected. Consumer prices followed with another upside surprise. And Federal Reserve officials immediately began talking about not only a December rate hike, but potentially a larger one.The evidence for what's coming is in the curve’s rare shape: unusually steep at the very front and unusually flat farther out. Eurodollar University's Money & Macro Analysis----------------------------------------------------------------------------------What if your gold could actually pay you every month… in MORE gold?That’s exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.Check it out here: https://monetary-metals.com/snider----------------------------------------------------------------------------------Watch the replay of my last webinar to learn which warning signs to watch, and what they could mean for your portfolio. https://youtube.com/live/6Jjc1zQc-PwGet exclusive access to our webinar-only offer before it expires https://edu2.eurodollar.university/webinar---------------------------------------------------------------------------------https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUI’ll also be active on Bravais Social - a new AI-centered social network designed for professionals and knowledge workers. The platform aims to bring together a wider range of tools and functionalities tailored specifically for professional interaction, research, and knowledge exchange in one place. You can find me here: https://bravais.social/profile/edu

Ikea just delivered another warning about the global consumer. Sales at the world’s largest furniture retailer fell again, as budget-conscious households continued pulling back. At the same time, higher costs are squeezing margins, forcing the company to cut expenses—starting with jobs.And Ikea isn’t alone.Papa John’s. The midterm elections. They're all telling you payrolls are sending another misleading signal. Again.Eurodollar University's conversations w/Steve Van Metre----------------------------------------------------------------------------------What if your gold could actually pay you every month… in MORE gold?That’s exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.Check it out here: https://monetary-metals.com/snider----------------------------------------------------------------------------------Watch the replay of my last webinar to learn which warning signs to watch, and what they could mean for your portfolio. https://youtube.com/live/6Jjc1zQc-PwGet exclusive access to our webinar-only offer before it expires https://edu2.eurodollar.university/webinar---------------------------------------------------------------------------------https://www.youtube.com/watch?v=tvE7Rr-s4zchttps://www.bloomberg.com/news/articles/2026-11-06/ikea-sales-fall-as-cash-strapped-shoppers-curb-furniture-buyinghttps://www.bloomberg.com/news/articles/2026-11-05/papa-john-s-trims-outlook-again-on-competition-cautious-dinershttps://www.youtube.com/watch?v=DYTgKdIl6_Uhttps://www.cnbc.com/video/2025/03/17/papa-johns-ceo-todd-penegor-goes-one-on-one-with-jim-cramer.htmlhttps://www.youtube.com/watch?v=e9HagoSiEi4https://www.youtube.com/watch?v=0bO1ysR-pkEhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUI’ll also be active on Bravais Social - a new AI-centered social network designed for professionals and knowledge workers. The platform aims to bring together a wider range of tools and functionalities tailored specifically for professional interaction, research, and knowledge exchange in one place. You can find me here: https://bravais.social/profile/edu

Head to https://gamma.yt.link/metf5KI to check out GAMMA 5 and start designing today!China’s real-estate crisis has crossed another line.Zhuhai Huafa Group, one of the country’s largest local-government-owned conglomerates, has missed payments on two trust products. It has also asked at least three banks to extend existing loans.Huafa isn’t some obscure private developer that borrowed too much during the housing bubble. State-owned. This is a major escalation.Eurodollar University's Money & Macro Analysis----------------------------------------------------------------------------------Watch the replay of my last webinar to learn which warning signs to watch, and what they could mean for your portfolio. https://youtube.com/live/6Jjc1zQc-PwGet exclusive access to our webinar-only offer before it expires https://edu2.eurodollar.university/webinar---------------------------------------------------------------------------------https://en.cnhuafag.com/https://www.scmp.com/economy/china-economy/article/3373162/debt-fears-swirling-around-state-giant-shine-light-chinas-post-property-realityhttps://www.bloomberg.com/news/articles/2026-10-27/china-property-woes-crisis-zhuhai-huafa-62-billion-debt-zhuhai-tower-guangdong?srnd=phx-economics-v2https://www.facebook.com/XinhuaNewsAgency/videos/world-media-summit-guests-gather-in-beijing-for-consensus-action-in-intelligent-/1116565687766027/https://www.youtube.com/watch?v=Ud-mT8OR8TIhttps://www.youtube.com/watch?v=uncOGR1vPTAhttps://www.youtube.com/watch?v=jqbr-q59Ga8https://finance.yahoo.com/video/envisions-zheng-chinas-ai-data-042842808.htmlhttps://www.youtube.com/watch?v=uU2WeAX2w8ghttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUI’ll also be active on Bravais Social - a new AI-centered social network designed for professionals and knowledge workers. The platform aims to bring together a wider range of tools and functionalities tailored specifically for professional interaction, research, and knowledge exchange in one place. You can find me here: https://bravais.social/profile/edu

Yes, the stock market got ugly, but the real story is the dramatic shift in bonds. The Nasdaq just plunged more than **5%**, falling into correction territory. The S&P 500 dropped **4%**, heading for its worst day since April 2025. The Dow lost more than **1,650 points**, erasing almost its entire post-election rally in a single session.And the epicenter was artificial intelligence.But this is no longer only a technology selloff.Eurodollar University's Money & Macro Analysis----------------------------------------------------------------------------------What if your gold could actually pay you every month… in MORE gold?That’s exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.Check it out here: https://monetary-metals.com/snider----------------------------------------------------------------------------------Watch the replay of my last webinar to learn which warning signs to watch, and what they could mean for your portfolio. https://youtube.com/live/6Jjc1zQc-PwGet exclusive access to our webinar-only offer before it expires https://edu2.eurodollar.university/webinar---------------------------------------------------------------------------------https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUI’ll also be active on Bravais Social - a new AI-centered social network designed for professionals and knowledge workers. The platform aims to bring together a wider range of tools and functionalities tailored specifically for professional interaction, research, and knowledge exchange in one place. You can find me here: https://bravais.social/profile/edu

Why didn’t the stock market crash?Yesterday’s election produced a radical change in the makeup of Congress. Democrats will take control of both the House and Senate in January, flipping seven Senate seats and winning at least 258 seats in the House.Democrats won Senate races in places such as Iowa, Kansas, Ohio, North Carolina, South Carolina, and Texas. They also flipped governorships in Texas, Georgia, Nevada, Ohio, and Iowa.This wasn’t a minor correction. It was an electoral earthquake.And the financial-market reaction was almost pure indifference.Eurodollar University's Money & Macro Analysis----------------------------------------------------------------------------------What if your gold could actually pay you every month… in MORE gold?That’s exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.Check it out here: https://monetary-metals.com/snider----------------------------------------------------------------------------------Watch the replay of my last webinar to learn which warning signs to watch, and what they could mean for your portfolio. https://youtube.com/live/6Jjc1zQc-PwGet exclusive access to our webinar-only offer before it expires https://edu2.eurodollar.university/webinar---------------------------------------------------------------------------------https://www.youtube.com/watch?v=ruUBr8odb7whttps://finance.yahoo.com/video/wall-street-reacts-blue-wave-163610682.htmlhttps://www.youtube.com/watch?v=rFM0dIFofsEhttps://www.youtube.com/watch?v=-TZkTTydtA8https://www.ms.now/the-weekend/watch/trump-touts-greatest-economy-we-ve-ever-had-despite-americans-economic-struggles-2510353987700https://www.ms.now/deadline-white-house/watch/trump-calls-affordability-a-democrat-scam-after-declaring-himself-the-affordability-president-2472534595970https://www.breitbart.com/politics/2026/11/03/exit-poll-88-say-cost-of-living-was-a-key-factor-in-their-vote/https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUI’ll also be active on Bravais Social - a new AI-centered social network designed for professionals and knowledge workers. The platform aims to bring together a wider range of tools and functionalities tailored specifically for professional interaction, research, and knowledge exchange in one place. You can find me here: https://bravais.social/profile/edu

Gold liquidated. Silver in the 40s. Iron. Steel. The Doctor. There is a consistent thread through all these developments. And it connects to the most important one of them all: the gasoline flip. Eurodollar University's Money & Macro Analysis----------------------------------------------------------------------------------Watch the replay of my last webinar to learn which warning signs to watch, and what they could mean for your portfolio. https://youtube.com/live/6Jjc1zQc-PwGet exclusive access to our webinar-only offer before it expires https://edu2.eurodollar.university/webinar---------------------------------------------------------------------------------Two days after the midterms, I'm joining our good friends Dana Samuelson of American Gold Exchange and Brent Johnson of Santiago Capital for a live briefing on what the results mean for the dollar, the economy and gold. Dana has been reading these markets through many election cycles, and I'm looking forward to where the three of us agree and where we don't.Thursday, Nov 5, 7 PM ET. Live and free.Register: https://streamyard.com/watch/F6R7RJD3iuGG---------------------------------------------------------------------------------https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUI’ll also be active on Bravais Social - a new AI-centered social network designed for professionals and knowledge workers. The platform aims to bring together a wider range of tools and functionalities tailored specifically for professional interaction, research, and knowledge exchange in one place. You can find me here: https://bravais.social/profile/edu

Thank you to Mint Mobile for partnering with us on this video! If you like your money, Mint Mobile is for you. Shop plans starting at $15 per month by visiting https://mintmobile.yt.link/Eq7EWES. Disclaimer: Upfront payment of $45 for 3-month 6 gigabyte plan required (equivalent to $15/mo.). New customer offer for first 3 months only, then full-price plan options available. Taxes & fees extra. See MINT MOBILE for details.Intel just suffered its worst trading day in more than half a century, wiping out nearly $140 billion in market value. And here’s the strange part: its data-center business grew almost 80% in a year. Not AI, the trouble is consumers. It's becoming impossible to ignore. McDonald’s is preparing another value deal. Wendy’s is confronting a different crisis as one of its largest franchisees filed for Chapter 11 bankruptcy protection.Then there’s Walmart. Eurodollar University's conversations w/Steve Van Metre----------------------------------------------------------------------------------Watch the replay of my last webinar to learn which warning signs to watch, and what they could mean for your portfolio. https://youtube.com/live/6Jjc1zQc-PwGet exclusive access to our webinar-only offer before it expires https://edu2.eurodollar.university/webinar---------------------------------------------------------------------------------https://www.youtube.com/watch?v=pRZsVg7kLv4https://www.today.com/video/walmart-us-ceo-on-affordability-whether-it-will-use-dynamic-pricing-272392773540https://www.bloomberg.com/news/articles/2026-10-25/ai-provides-zero-payoff-to-s-p-493-outside-tech-apollo-economist-says?srnd=phx-economics-v2https://www.youtube.com/watch?v=kwbJg2Kt2qchttps://www.youtube.com/watch?v=53w2lTS1AlQhttps://www.youtube.com/watch?v=hKdeghlhtXohttps://abcnews.com/video/131681127/https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUI’ll also be active on Bravais Social - a new AI-centered social network designed for professionals and knowledge workers. The platform aims to bring together a wider range of tools and functionalities tailored specifically for professional interaction, research, and knowledge exchange in one place. You can find me here: https://bravais.social/profile/edu

Amazon just spent more than $77 billion on AI and saw $42.4b in cash OUTFLOWS. Alphabet has now lost more than $500b in market value following its largest one-day stock decline ever. Microsoft, meanwhile, is offering voluntary buyouts to more than one-quarter of its global workforce as it attempts to contain costs and fund its own massive AI investments.These aren’t weak, speculative startups.Yet even they are conserving cash, finding new forms of financing and forcing investors to confront spending commitments that seem to grow after every earnings report.Credit markets have noticed.Eurodollar University's Money & Macro Analysis----------------------------------------------------------------------------------What if your gold could actually pay you every month… in MORE gold?That’s exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.Check it out here: https://monetary-metals.com/snider----------------------------------------------------------------------------------Watch the replay of my last webinar to learn which warning signs to watch, and what they could mean for your portfolio. https://youtube.com/live/6Jjc1zQc-PwGet exclusive access to our webinar-only offer before it expires https://edu2.eurodollar.university/webinar---------------------------------------------------------------------------------https://www.bloomberg.com/news/articles/2026-10-30/tech-firms-debt-protection-costs-are-surging-on-profit-concerns?srnd=phx-industrieshttps://www.youtube.com/watch?v=_5zJLOI_74chttps://www.youtube.com/watch?v=hbD8XlrwN_whttps://www.youtube.com/watch?v=pJZ-ykYxN1Mhttps://www.youtube.com/watch?v=A-dxxTV1b_ohttps://www.youtube.com/watch?v=RdpG_BJ1ym0https://www.youtube.com/watch?v=A-dxxTV1b_ohttps://www.youtube.com/watch?v=0jU4nLhCeWYhttps://www.youtube.com/watch?v=tblanUooRQghttps://www.youtube.com/watch?v=wnEazOCvnSchttps://www.reuters.com/video/watch/idRW455330102026RP1/https://www.reuters.com/video/watch/idRW074516102026RP1/https://www.facebook.com/WorldNewsTonight/videos/tech-stocks-plunge-while-oil-companies-rake-in-huge-profit/1435869257948954/https://www.foxnews.com/video/6402875686112https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUI’ll also be active on Bravais Social - a new AI-centered social network designed for professionals and knowledge workers. The platform aims to bring together a wider range of tools and functionalities tailored specifically for professional interaction, research, and knowledge exchange in one place. You can find me here: https://bravais.social/profile/edu