Posted by goldielocks
@ 3:01 on August 20, 2026
Apparently there’s a AI bubble after the hype and the question of AI making any money is starting to disappoint investors expecting rising returns. That was faster than the dot com bubble.
It’s happening here to a extent too and has affected rare earths miners like MP. They’re still needed for tech and manufacturing but AI investors is the sector selling Ai related stocks.
South Korea’s stock market (the KOSPI) has faced massive volatility and a severe correction following a massive artificial intelligence-driven boom. The slump is driven by a fading AI hype cycle, disappointing tech earnings, and a violent unwinding of heavy retail leverage tied to major chipmakers like
Samsung and
SK Hynix. [
1,
2,
3,
4,
5,
6]
Key Drivers of the Downturn
- The AI Bubble Correction: After massive gains fueled by high-bandwidth memory chips for AI infrastructure, investors began demanding immediate, sustainable returns on heavy tech spending, punishing companies even for solid earnings that merely met instead of beating stratospheric expectations. [1]
- Unwinding of Leveraged Bets: Local retail investors heavily borrowed money to pour into single-stock leveraged exchange-traded funds (ETFs). When prices dipped, it triggered cascading margin calls and forced selling, deepening the downward spiral. [1, 2]
- Concentrated Market Risk: Market heavyweights Samsung and SK Hynix accounted for roughly half of the primary index’s value at its peak, making the entire South Korean market acutely vulnerable when sentiment toward semiconductor stocks turned negative
Posted by ipso facto
@ 22:51 on August 19, 2026
Jack Straw
@JackStr42679640
·
6h
Sneak peek: Trump administration to talk growth with finance ministers, CEOs in Asheville, N.C.
Treasury Secretary Scott Bessent will host finance ministers and economic leaders from around the world, plus heavy-hitting U.S. CEOs, for the G20 Finance Ministerial in historic Asheville, N.C., from Aug. 29 to Sept. 1.
Posted by ipso facto
@ 22:39 on August 19, 2026
Posted by goldielocks
@ 21:24 on August 19, 2026
I know what you mean and think some of what they post even if true shouldn’t be posed in the first place. Your right about the hate Trump fake news media but wonder if some of it is market manipulative. We know one thing for sure, they will sacrifice commodities to save their fiat and bank reserves instead of dealing with cause and effect like fraudulent housing values that cause economic loan walk offs and default or other economy issues by monitizing it, even if their actions are contradictive to their intentions especially long term.
Posted by ferrett
@ 21:08 on August 19, 2026
Posted by ipso facto
@ 19:51 on August 19, 2026
Space Aliens are buying our debt. They just can’t get enough of it!
They’re like Belgium but a lot bigger.
Posted by ferrett
@ 19:00 on August 19, 2026
Yet wars, which always involve money printing, caused POG to fall and mkts to shrug.
I like Not QE.
(and I don’t like wars, but not just for the effect on PMs)
Posted by Buygold
@ 18:41 on August 19, 2026
as did some of the other crypto. I swear that crap was invented just to keep money out of the pm market.
BTW – anyone remember when Peter Schiff went on the CNBC show “Fast Money” and said that miners would be trading like .com stocks? They laughed him off the show. Today was as close as I’ve ever seen them do that, unfortunately Pete was just 20+ years early.
ferret – yeah, it’s just ridiculous and no doubt illegal, especially when you’ve got the fundamentals right and aren’t getting the performance you expect. That’s been the general theme for pm shares and ETF’s for as long as I can remember.
Posted by ipso facto
@ 18:20 on August 19, 2026
Willem Middelkoop
@wmiddelkoop
·
1h
Major North American Bank Comments:
Gold ripping +4% as the classic conspiracy theory of “yield curve control” has now become a reality
The debasement trade is alive and truly kicking. As we have consistently written, Bessen has a decision given the US’ fiscal math: “save the UST or save the USD; you cannot save both.” His hand has been forced by the recent price action of the long-end of the yield curve.
Conventional Wall Streeters will say this is “Not QE” in the same way the RMPs by the Fed was not “QE.” We still don’t know the full details, but the fact is the Treasury is trying to contain the long-end of the yield curve is incredibly bullish gold.
Specifically, it will raise “by at least double, the size of liquidity support buyback operations for longer-dated nominal coupon securities (10-20 and 20-30yr sector). “At least $4bn per month” to keep a bid for the surging long-end of the curve.
Whilst mainstream insists it’s not QE as the stock of debt is not increasing, there is no explanation for where the buying is coming from; certainly no claim the Treasury is going to be dumping bills to fund bond bids.
Posted by ipso facto
@ 18:15 on August 19, 2026
Michael Yon: Callsign BIG HONEY
@Michael_Yon
I want this Man as neighbor! And millions more like this Man!
https://x.com/Michael_Yon/status/2089883386185998755/video/1
Posted by ferrett
@ 17:54 on August 19, 2026
It must be illegal, as there is no way that the purchase of 1 share for 5.6 cents Australian can constitute an investment. Seeing that the other immediately preceding trades were for six and seven shares the only reason can be manipulation. It doesn’t really worry me as I’m a fundamentalist, not a chartist, but it is certainly irritating. They make money out of it, running this penny share over a range of 0.8 cents on a day’s trading on a regular basis. And certainly this is only something that can be done with computers and algos as if you were doing this sort of thing 50 years ago you were only doing it with $ shares not cent shares as the timescales were much longer, days or weeks not nano-seconds.
Posted by ipso facto
@ 17:07 on August 19, 2026
Silver’s looking crazy! Nice to be on the right side of that.
PS Eff all the shorts!
Posted by aufever
@ 16:58 on August 19, 2026
Posted by treefrog
@ 16:52 on August 19, 2026
there’s 66.80 (globex)
66.90…
67…
Posted by ipso facto
@ 16:48 on August 19, 2026
Yes! I think my biggest day as well! It would really hurt to miss a day like today! Woo Hoo! 🙂
Posted by Maddog
@ 16:35 on August 19, 2026
it needs to take out 66.80


Posted by Buygold
@ 16:32 on August 19, 2026
Nice close!
Biggest day % wise I’ve ever had.
Oh well, we’ll probably just give it all back tomorrow. 🤣😂🤫
Posted by deer79
@ 15:57 on August 19, 2026
Posted by aufever
@ 15:52 on August 19, 2026
Posted by Maddog
@ 15:44 on August 19, 2026
GDX try and take out 9%….but everytime it gets there it slips !!!!! I see NEM and Barrick are lagging……are these Algo’s still selling short…seems they still think this is a shorting bounce !!!!!
Posted by treefrog
@ 15:37 on August 19, 2026
gold up 4%, silver 4 3/4%.
…and counting —
Posted by Buygold
@ 14:32 on August 19, 2026
It will be really interesting to see how they close.
I’m really surprised by the lack of volume. GLD is the only thing I can find that is above average at this point.
I think maddog said that fund buying will usually come in at the last hour? I’d be disappointed if they take the HUI back below 800.
Posted by Maddog
@ 14:24 on August 19, 2026
Here Comes QE Lite: Yields, Dollar Tumble, Gold Spikes After Treasury Unexpectedly Doubles Size Of Long-End Treasury Buybacks
https://www.zerohedge.com/markets/here-comes-qe-lite-yields-dollar-tumble-gold-spikes-after-treasury-unespectedly-doubles
Posted by deer79
@ 14:21 on August 19, 2026
going out……. seen this too many times!!!
Posted by ipso facto
@ 13:34 on August 19, 2026
I’m sure most of us try to do a lot of those things already but there’s nothing wrong with new knowledge.
Cheers