BREAKING: President Trump says he will be making an announcement at 2:30 PM ET on Wednesday.

Silver versus Bitcoin: One Bitcoin can now buy 1,458 ounces of silver, the least since October 2023. This comes as the Bitcoin-to-Silver ratio has plunged -58% since the start of the year, when one Bitcoin could purchase ~3,500 ounces of silver. Since August, the ratio has more than HALVED. Over this period, Bitcoin prices have declined -27%, while silver prices have surged +53%. To put this into perspective, the ratio previously crashed -69% during the 2022 bear market, dropping from 2,250 ounces per Bitcoin to ~700 ounces. Precious metals are in a league of their own right now.

The US manufacturing sector needs help: ISM Manufacturing PMI fell -0.5 points in November, to 48.2, the lowest in 4 months. This marks the 9th consecutive month below 50.0, signaling ongoing contraction. New orders dropped -2.0 points, to 47.4, the lowest since July, suggesting more weakness ahead. The employment index also declined -2.0 points, to 44.0, posting its 10th consecutive monthly contraction. Meanwhile, prices paid increased +0.5 points, to 58.5, snapping a 4-month streak of declines. US manufacturing is feeling the effects of stagflation.