Wall Street's AI Sugar Rush Can't Hide Gold's 55% Year-Over-Year Truth

Dear Reader,

What a spectacle we have before us today.

Wall Street threw itself quite the party on this pre-Thanksgiving Monday, with the Nasdaq notching its biggest daily jump since May.

The Big Men on trading floors were practically giddy over Google's latest AI trinket and whispers of another Fed rate cut.

But while the paper pushers celebrate their digital dreams, let us examine what the real money is telling us.

Wall Street's Daily Drama

Market Snapshot

Source: Yahoo Finance, Polygon, and CNBC.

Top Headlines In 60 Seconds

Gold Holds Above $4,000 as Smart Money Waits

Gold futures opened at $4,069.20 per ounce on Monday, with the yellow metal remaining below $4,100 since November 19.

The price has risen over 25% since the start of 2025, fueled by ongoing inflation and economic uncertainty. Fortune 

For those keeping score at home, that's the kind of performance that makes the Fed's paper promises look rather flimsy.

Silver Flirts with $50 as Industrial Demand Soars

Silver was valued at $50.26 per ounce this morning, more than a $19 gain over the past year. Fortune 

Over the past month, Silver's price has risen 7.05%, and is up 66.47% compared to the same time last year.

When even silver outperforms your fancy AI stocks, perhaps it's time to reconsider what real wealth preservation looks like.

Nasdaq's Best Day Since May on AI Hopium

The S&P 500 soared 1.55% to finish at 6,705.12, while the Nasdaq Composite surged 2.69% to end the day at 22,872.01.

It was the tech-heavy index's best day since May. CNBC 

The catalyst?

Google's Gemini 3 and renewed dreams that the Fed will cut rates next month.

Same old story: markets dancing to the tune of monetary tomfoolery.

The News Behind The News

While the mainstream financial press obsesses over AI chatbots and rate cut tea leaves, three stories from today's trading session reveal the deeper currents pulling at our funny money system.

The Fed's December Dilemma: Divided We Fall

Last week, Wall Street seemed to have decided that a December cut was off the table.

Today speculators put the probability of Fed Chairman Jerome Powell delivering a rate cut at 75.5%.

What changed?

New York Fed president (and FOMC vice chair) John Williams gave a speech in which he all but called for a cut.

Here we have it, folks…the monetary mountebanks can't even agree among themselves.

Federal Reserve officials were at odds during their October meeting over cutting interest rates, divided over whether a stalling labor market or stubborn inflation were bigger economic threats.

Disagreements stretched into the outlook for December, with officials expressing skepticism about the need for an additional cut that markets had been widely anticipating, with "many" saying that no more cuts are needed at least in 2025.

When the central planners start squabbling like schoolchildren over whether to hand out more candy, you know the system is stretched beyond reason.

The Fed faces an impossible choice: cut rates and risk reigniting inflation, or hold steady and watch the zombie economy start convulsing.

Either way, those holding real assets will sleep better than those trusting paper promises.

Gold's Quiet Resilience Amid the AI Circus

While Wall Street chased its AI dreams today, gold quietly held its ground above $4,000.

Over the past month, Gold's price has risen 1.71%, and is up 55.13% compared to the same time last year.

Let that sink in for a moment.

A 55% gain in twelve months for an asset the establishment calls a "barbarous relic."

Investors continue to pour money into gold ETFs, which added around 222 tonnes, with total global inflows reaching $26 billion. Since the start of 2025, ETF holdings have grown by 619 tonnes ($64 billion).

Central banks also continued to boost their reserves, purchasing 220 tonnes, up 28% from Q2. Since the start of the year, total purchases have reached 634 tonnes.

When central banks themselves are gobbling up gold faster than a politician spends other people's money, perhaps they know something the cheerleaders on financial television don't want you to hear.

The AI Bubble That Dares Not Speak Its Name

On its face, 2025 has been a good year for the stock market.

The S&P 500 was dragged out of its tariff-induced springtime slump by a small subset of AI-forward power players whose spectacular gains defied an otherwise softening economy. The Washington Post

There it is folks, hidden in plain sight.

The whole rally rests on the shoulders of a handful of AI darlings while the real economy sputters.

Today's Nasdaq euphoria over Gemini 3 is merely the latest chapter in a familiar tale: when paper money flows like water, speculative bubbles inflate like carnival balloons.

Traders currently predict a 73.5% chance the Fed will lower rates by a quarter-point in December.

The chances increased after New York Fed President John Williams spoke last week, expressing support for another rate reduction.

More rate cuts mean more easy money, which means more fuel for the bubble.

But remember what happens to bubbles, dear reader.

They don't deflate gently…

THEY POP!

The pattern is clear as a mountain stream:

Wall Street celebrates while the real economy stumbles, the Fed promises more monetary candy while inflation lurks in the shadows, and gold quietly does what it has done for 5,000 years, preserve wealth while paper currencies play their games.

Gold is not always a home run investment.

In a strong economy, stocks can perform better in the short and long term.

But we're not in a strong economy, are we?

We're in a zombie economy propped up by central bank wizardry and AI fantasies.

Mark our words: when the music stops and the AI bubble meets reality, those holding real assets will be the ones left standing.

The question isn't whether to own gold…it's whether you own enough.

As the great bard once said, "All that glitters is not gold."

But in times like these, perhaps the glittering should be.

Enjoy your Thanksgiving, dear reader.

And give thanks for the 5,000-year track record of honest money in a world gone mad with paper promises.

Regards,

The Wealth Protection Research Team