While gold reclaims $5,000, Bitcoin has cratered below $65,000, acting as a "speculative pressure valve" for the financial system. As liquidity expansion stalls, over $654M in leveraged positions were purged in 24 hours.

Gold price tumbles to around $4,680 during the early Asian session on Friday. The precious metal extends the decline as traders cover losses from equities and adjust positions.

It is hard to believe that the S&P 500 is only 2–3% below its all-time high, given the carnage across various parts of the market.

Nacco Industries is trading at a new 3-year high. NC stock is up more than 70% over the past year and has robust technical momentum.