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| Welcome back to a marvelous Tuesday, N2K reader! | Tomorrow I’m going to tell you what I’m excited about for the New Year, and boy, is that email going to be a doozy. Tune in! But first TODAY. | —Matt Davis, Need2Know Chedditor | P.S. This week’s world-famous news haiku competition™ is about how your AI companion is not your friend. I believe you — yes, you, dear reader! — can craft an incredible haiku on the subject. Send me your entry — to our spiffy new email address, haiku at cheddar dot com — by noon ET Thursday for consideration by your Cheddar peers! | | News You Need2Know | | | What’s the stock market up to, eh? | $SPX ( ▼ 0.35% ) $DJI ( ▼ 0.51% ) $NDX ( ▼ 0.5% ) | | Companies mentioned in today’s newsletter | $SILVER ( ▼ 10.49% ) $GOLD ( ▼ 3.38% ) $NEM ( ▼ 5.64% ) $VGZ ( ▼ 7.66% ) $AU ( ▼ 6.92% ) $ALTS ( 0.0% ) $WLFI ( ▼ 0.13% ) $TSM ( ▼ 0.63% ) $SSNLF ( ▲ 56.02% ) $AAPL ( ▲ 0.13% ) $NVDA ( ▼ 1.21% ) $INTC ( ▲ 1.33% ) | | Silver and gold, once surging, slide more than 5% |  | Auric Goldfinger: He planned to blow up Fort Knox to send the price of gold spiking… |
| As geopolitical uncertainties and inflation fears continue to loom, the precious metals market is in for a potentially volatile ride, with traders forced to reevaluate their strategies under newer, stricter requirements. | Silver $SILVER ( ▼ 10.49% ) and gold $GOLD ( ▼ 3.38% ) both experienced a sharp decline on Monday after the Chicago Mercantile Exchange announced higher margin requirements for precious metals trading, asking traders to post more cash on their contracts to safeguard against potential defaults during settlements. | The adjustment follows a significant surge in both silver and gold prices this year, with silver more than doubling in value and gold futures rising 65%. The CME said that the changes are part of a “normal review of market volatility.” | Silver futures, which recently spiked to $80 per ounce — levels not seen since the 1980s— fell 8% early Monday, while gold slid 5%. The strong rally in silver had been fueled by dwindling supplies, slowed production at major mines, and rising industrial demand for applications like solar panels and data centers. | The CME’s decision also had ripple effects across mining stocks. Newmont $NEM ( ▼ 5.64% ) , the world’s largest gold mining company, saw its shares drop 6%, while smaller miners such as Vista $VGZ ( ▼ 7.66% ) and AngloGold $AU ( ▼ 6.92% ) faced even steeper declines. | | | Song of the Day: HAIM, ’Relationships’ |  | HAIM - Relationships (Official Video) |
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| HAIM are irritated “when an innocent mistake turns into 17 days,” which is apparently a “relationship” for Gen Z these days. Just like this newsletter! (Caution: They swear a bit.) | | Free yourself from advertising forever! |
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| Now you can sign up for an optional ad-free version of Need2Know! Subscribe for just $5 a month, or $50 a year, and you can continue to enjoy this reasonably high-quality newsletter uninterrupted. Bonus: The immense satisfaction that comes from supporting journalism*! | *This counts as journalism, right? | | | ADVERTISEMENT | A big 2026 starts now | | Most people treat this stretch of the year as dead time. But builders like you know it’s actually prime time. And with beehiiv powering your content, world domination is truly in sight. | On beehiiv, you can launch your website in minutes with the AI Web Builder, publish a professional newsletter with ease, and even tap into huge earnings with the beehiiv Ad Network. It’s everything you need to create, grow, and monetize in one place. | In fact, we’re so hyped about what you’ll create, we’re giving you 30% off your first three months with code BIG30. So forget about taking a break. It’s time for a break-through. | Start building for 30% off today. | | | |
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| Trump-linked crypto firm fires auditor after reporters ask questions | | |
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