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Trump and Bessent hit Davos with a one-two punch over Greenland
Greenland is vital for Golden Dome to protect America
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Hello Capitalists,
Here is everything you should be watching today:
Trump and Bessent have a “Golden Dome” dream for Greenland
Gold and Silver surge over Greenland turmoil
Treasury yields spike over EU Tariff threat
Tech stocks tank as uncertainty runs rampant
Trump has a warning for New York over planned Dallas move
Cold snap pushes natural gas futures higher
Today’s markets + assets:
🔴 DOW: 48614.58 (⬇️ 1.51%)
🔴 S&P: 6817.39 (⬇️ 1.76%)
🔴 NASDAQ: 23038.94 (⬇️ 2.03%)
⚠️✅CBOE VIX Volatility Index: 20.19 (⬆️ 7.17%)
✅ Gold: $4767.30 (⬆️ 3.74%)
✅ Silver:$94.69 (⬆️ 6.95%)
🔴 Bitcoin: $89,377 (⬇️ 4.01%)
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Trump eyes Greenland grab for Golden Dome shield
Treasury Secretary Scott Bessent declared Greenland essential to President Trump’s ambitious “Golden Dome” missile defense shield, arguing U.S. control of the Arctic island is vital to prevent foreign conquest and avoid dragging America into a hot conflict. Bessent made the case Tuesday at the World Economic Forum in Davos.
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Strategic Arctic Prize: Greenland’s location and melting ice unlock new shipping routes and vast resources, making it increasingly attractive for foreign powers seeking control in the region.
Missile Shield Integration: The “Golden Dome” system requires Greenland as a key component to protect the Western Hemisphere, with Trump inviting Canada to participate if it shares costs.
Preventive Security Move : Bessent stressed U.S. ownership would deter incursions, avoiding scenarios where NATO obligations force America to defend Greenland militarily against aggressors.
Historical U.S. Interest: Trump has long advocated acquiring Greenland for national security, a priority echoed in recent Truth Social posts and tied to modern defense needs like the Golden Dome project.
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Trump Greenland Crisis Ignites Gold Silver Surge
Gold soared past $4700 an ounce and silver hit $95 on Tuesday as President Trump escalated his push to acquire Greenland, threatening steep tariffs on European nations and fueling fears of currency debasement, geopolitical turmoil, and a roaring rally in precious metals as safe-haven assets.
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Debasement Trade Explodes: Analyst Robin Brooks declares the debasement trade on fire, with precious metals serving as primary outlets amid eroding confidence in fiat currencies and fiscal concerns.
Silver Supply Crisis Deepens: Structural deficits persist for five years, worsened by China’s export restrictions to prioritize domestic solar panel production and 15 years of mining underinvestment.
Geopolitical Fuel Added: Trump’s renewed Greenland demands and potential 200% tariffs on items like French champagne intensify macro unease, pouring fresh momentum into months-long precious metals rally.
Industrial Demand Risks Rise: At elevated prices near $90-$95, silver faces potential demand destruction in supply chains, though experts warn supply cannot match growing industrial and investment needs.
Trump tariff threats spike Treasury yields
U.S. Treasury yields surged Tuesday as President Trump’s renewed threats of escalating tariffs on eight European allies—tied to his push to acquire Greenland—reignited trade war fears, driving investors to flee U.S. assets and pushing the benchmark 10-year yield more than 4 basis points higher to around 4.28%.
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Yields surge sharply: The 10-year Treasury yield rose over 4 basis points to 4.279%, while longer-dated 20- and 30-year yields jumped more than 6 basis points amid a broad bond sell-off.
Tariff timeline detailed: Tariffs on imports from Denmark, Norway, Sweden, France, Germany, U.K., Netherlands, and Finland start at 10% on February 1, escalating to 25% by June 1 unless a Greenland deal is reached.
Additional French threat: Trump separately warned of 200% tariffs on French wine and champagne after President Macron declined to join a proposed Gaza “Board of Peace” initiative.
Broader market fallout: The U.S. dollar index dropped nearly 1%, equities tumbled with the Dow down around 500 points, and safe-haven assets like gold spiked to new highs as global investors shifted away from U.S.-centric positions.
Tech stocks crushed over Trump’s Greenland tariff threats
Tech stocks spearheaded a sharp Wall Street sell-off Tuesday as President Trump escalated tensions over Greenland, threatening tariffs up to 25% on European allies opposing a U.S. purchase of the strategic Arctic territory, sparking fears of broader transatlantic trade war amid the Davos summit.
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Tariff Timeline Escalates: Trump outlined new levies starting at 10% in February and rising to 25% by June on nations blocking Greenland’s sale to the U.S., intensifying rhetoric against EU partners.
Tech Sector Hit Hardest: The Nasdaq dropped 1.3%, with Nvidia and Tesla each plunging nearly 3%, while major names like Meta, Alphabet, Apple, Microsoft, and Amazon all shed over 1%.
Broader Market Declines: The S&P 500 fell 1.1% and the Dow 0.9% in a risk-off move, as investors reacted to potential wider U.S.-EU trade escalation.
Analyst Buying Opportunity: Wedbush’s Dan Ives called the dip a chance to own AI leaders like Nvidia and Microsoft, insisting the tech revolution remains intact despite geopolitical noise.
Trump slams NYSE Dallas move as “Unbelievably Bad” for New York
President Donald Trump blasted the New York Stock Exchange’s plans to expand with a fully electronic equities operation in Dallas, calling it “unbelievably bad” for New York and a major test for the city’s new mayor, Zohran Mamdani, amid ongoing capital flight to low-tax Texas.
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Trump’s Fiery Criticism : Trump posted on Truth Social that building a New York Stock Exchange in Dallas undermines the city and challenges Mayor Mamdani’s leadership.
NYSE Texas Details : The expansion creates NYSE Texas by reincorporating NYSE Chicago for electronic trading, serving southern companies without replacing New York operations.
Dallas Mayor’s Response : Eric Johnson hailed the shift as inevitable, branding Dallas a “Sanctuary City from Socialism” attracting Wall Street firms fleeing high taxes and hostility.
Broader Migration Trend : High-tax blue states like New York and California lost billions in taxable income to Texas and Florida between 2012 and 2022.
Frigid blast sends natural gas prices soaring
Natural gas futures surged 25% to $3.89 per mmBtu Tuesday as a brutal cold snap gripped the U.S., with Arctic air and a major winter storm forecast to spike heating demand and threaten production freeze-offs across much of the country this week.
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Frigid weather reshapes outlook: Arctic air masses sweep eastern U.S., with huge demand gains from MLK weekend threatening severe market dislocation and potential production freeze-offs.
Futures post massive gain: Prices jumped 78 cents to $3.89/mmBtu by mid-morning, marking the best single-day performance in four years amid heating and power needs.
Storm threatens widespread impact: Heavy snow, sleet, and freezing rain expected across Southern Rockies, Plains, and South by Friday, shifting to East Coast over weekend.
Volatility looms with risks: High speculator short positions at 14-month peak signal bullish pressure, though mid-February warming could soften spikes in turbulent market.
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