Global oil prices crash over Trump attacks in Venezuela and Nigeria as silver makes new ATH of $75
Nvidia broke above $190.00 overnight, lifted by a massive $20 billion licensing agreement with Groq, the AI startup behind some of the fastest inference tech on the market.
Cryptopolitan had reported that Groq entered a non-exclusive deal with Nvidia to license its technology, though it left out the price.
Jonathan Ross, Groq’s founder and CEO, is now headed to Nvidia along with Sunny Madra and other senior execs, who’ll help scale the licensed systems from inside the GPU giant.
Meanwhile, copper melted through record after record, with contracts on Comex jumping 3% to $5.743 a pound, the highest level since that monster short squeeze back in July.
In Shanghai, copper rose 2.7% to 98,780 yuan a ton (that’s $14,090), capping off a wild year that’s seen metals rerated across the board. Traders are already betting on tighter supply next year, and the dollar’s weakness is only pouring fuel on the rally.
Copper’s now up over 42% in 2025, helped by everything from shipping shocks to the energy transition story that just won’t die.
And yeah, the dollar’s getting wrecked. Peter chimed in on that via a post on X, saying:
“King dollar’s reign is coming to an end. Gold will take the throne as the primary central bank reserve asset. That means the U.S. dollar will crash against other fiat currencies, and America’s free ride on the global gravy train will end. Prepare for a historic economic collapse.”
Between surging metals, Fed fears, and America’s foreign policy power flexing in Venezuela and Nigeria, traders are suddenly wondering how much longer the dollar can pretend to be the grown-up in the room.
