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š Markets Rip, Goldās Back & Burry Warns

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āļø GM Munchers! Green candles everywhere. I told my wife Iām back. She said, āYou said that last time ā right before crying in the shower.ā
On todayās menu:
š Markets Rip, Goldās Back & Burry Warns
š¶ Europe Just Declared War on Cash
āļø Nvidia Climbs & Starbucks Strikes
š¦ Warren Buffett Wrote a Thanksgiving Letter
š¤ This Politician Bought $162 Million of Bitcoin
Yesterdayās numbers:
S&P 500 | 6,832 | +1.54% |
Nasdaq | 23,527 | +2.27% |
Dow Jones | 47,368 | +0.81% |
Bitcoin | $105,900 | +1.08% |
BREAKING NEWS
š§ Market Rips as Traders Sip the Optimism Juice
I guess everyone had one too many drinks this weekend because traders rolled into Monday buzzing with optimism.
Or maybe itās just the thought that the 40+ day government shutdown might finally be over.
Either way, the Nasdaq ripped 2%, and crypto traders were partying even harder ā adding $150 billion in market cap in just one day.
Even Microsoft broke its eight-day losing streak (its longest since 2011) with a modest 1% gain. I guess even Bill Gates needed a win this week.
Now, the Senate still has to vote, and the House needs to sign off, but markets are already pricing in an 87% chance this shutdown wraps up this week.

Why does it matter?
Because right now, the marketās like a bipolar teenager ā euphoric one day, existential the next.
Ending the shutdown gives traders something to believe in again (even if itās temporary).
Sometimes it really is that simple: less uncertainty = more green candles.

š„ Goldās Back on Its Throne

Gold was partying harder than college kids on spring break ā up over 2.5% yesterday and holding strong above $4,000.
And itās no coincidence that this move came 24 hours after Trump promised everyone a $2,000 ātariff dividend.ā
Because nothing says āfiscal responsibilityā like handing out free money while inflationās still hanging around like an ex who wonāt move out.
Hereās the deal:
When the market starts losing faith in the dollar, it runs straight into gold and Bitcoin ā the two assets that donāt care whoās president, as long as the money printerās working overtime.
Since the Covid era, goldās been the quiet overachiever of the group ā and itās already up more than 55% year-to-date.
If thatās not the market screaming, āWe donāt trust your Monopoly money anymore,ā I donāt know what is.

š¤ Michael Burry Thinks Big Tech Is āCooking the Booksā
Michael Burry ā the guy who shorted the housing market in The Big Short ā is back, and this time heās coming for Big Tech.
In a post that lit up FinTwit yesterday, Burry accused companies like Meta and Oracle of artificially inflating their profits by stretching out how long they say their equipment lasts.
Basically, heās saying theyāre using creative math to make their AI spending boom look healthier than it is.
Hereās how:
When you buy something like servers or chips, it loses value over time ā thatās depreciation.
But if you change that āuseful lifeā from four years to six (like some of these firms are doing), your near-term expenses magically look smaller, and your profits suddenly look better.
Burry estimates that this trick could boost Metaās reported earnings by ~20% and Oracleās by ~27% by 2028. And if heās right, the whole AI infrastructure crowd ā Amazon, Google, Microsoft, you name it ā could be hiding $176 billion in costs between 2026 and 2028.
Of course, Metaās stock still climbed nearly 2% yesterday and Oracle was flat. Because, letās be real ā nobody ever made money betting on investors suddenly caring about accounting ethics.
The Munch Take:
Burry might be early (again), but heās not wrong ā if AI growth slows and depreciation catches up, the āAI boomā could start looking more like an accounting trick. For now, though, Wall Streetās still hypnotized by the shiny AI buzzwords.
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BIG PICTURE
š¶ Europe Just Declared War on Cash
The EU officially announced itāll ban all cash transactions over ā¬10,000 starting January 2027. Anything above that? Youāll have to go digital. Oh, and if you pay more than ā¬3,000 in cash, youāll need to show digital ID.
Theyāre calling it āantiāmoney laundering.ā
Weāre calling it what it is ā financial surveillance.
Critics are already sounding the alarm, warning this is a ātotalitarian attack on freedom.ā Because once every payment is traceable, the government doesnāt just see how much you spend ā it sees what you spend on.
This is exactly what Bitcoin was designed to fight.
When Balaji Srinivasan burned $1 million during his viral 2023 āBitcoin bet,ā he wasnāt flexing ā he was warning.
He said that the debt crisis, digital IDs, and capital controls would eventually merge into one thing: a system where cash dies and freedom goes with it.
We feel for our European brothers. But letās be real ā itās only a matter of time before this kind of control creeps into Canada, too.
The Munch Take:
The lifeboat is here. Donāt wait until the ramps are closed to try getting on.
MARKET OVERVIEW
šæ Tasty Movers & Shakers
š $NVDA
Nvidia carried the entire market on its back yesterday ā up 5%, dragging the indexes up with it like the overachiever in a group project.
Do we still think itās overvalued? Absolutely.
Are we complaining while our portfolios go up? Absolutely not.
āļø $SBUX
More than 100 lawmakers are pushing Starbucks to restart union talks, with strikes brewing (pun intended) in 25 cities on November 13th ā a.k.a. Red Cup Day, one of their biggest sales events.
Our take? Starbucks coffee isnāt even coffee. Itās liquid sugar with a loyalty program.
š»ļø $CRWV
CoreWeave more than doubled revenue this quarter as it keeps building out its AI empire. The stockās now up 164% since its March IPO. AIās cooling down, but CoreWeaveās acting like itās still 2023.
š„ $B
Barrick Gold is the quiet winner of the year ā up 7% yesterday and 120% YTD. When everyoneās busy arguing over rate cuts and AI, Barrickās just out here digging money out of the ground.
š Pre-Market Fuel
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