Gold & Silver's Record Run Grinds to Halt, Earnings Kick Into High Gear

Market Overview - Stock futures are relatively calm at the start of the day, while metals are experiencing significant sell-offs, with gold down 3.3% and silver down 4.8% [2][3] - Bitcoin is also down 1.8%, indicating volatility in the metals market [3] - The dollar remains flat in the $98 range, and yields have decreased to 3.9%, while crude oil prices are under $57.5 [4] Upcoming Earnings and Economic Events - A major earnings report from a big gold miner, Mont Mining, is expected later in the week [3] - The Federal Reserve is anticipated to cut rates in about eight days, with a 95% chance of this occurring [6] - Significant earnings reports from major tech companies like Google, Meta, Microsoft, Apple, and Amazon are scheduled for the same period [6][7] Banking Sector Insights - Regional banks are showing strong earnings, and there is a potential for increased mergers and acquisitions in the banking sector due to a more business-friendly administration [11] - Despite recent volatility, the banking sector is recovering well, with major banks reporting good earnings [10][11] Warner Brothers Update - Warner Brothers Discovery's stock is up about 8% following news of a potential merger bid from David Ellison [12] - The company has reportedly initiated a sale process, indicating strategic options are being reviewed [13]