Traders feel some sense of normalcy? Silver: +2.29%

In a headline that could have been written at almost any time over the last four years, the Democrats have begun another push to drive President Trump from office, despite the fact that the last day of his term is roughly 10 days from now. While you will read and hear a lot of news about these headlines, at this point in time, it is essentially a moot point, and simple grandstanding. This can be seen in markets that have not budged much, even as people were storming the Capitol building in Washington DC.

As a side note, the headline has just crossed the wire that the House Republicans have blocked an effort to bring up the 25th Amendment resolution brought up by the Democrats, which is to remove a president from power who is not mentally or ethically fit to serve. The idea is that VP Mike Pence would act as president over the remainder of the term. At this point in time, it should be looked at through the prism of political gamesmanship.

In an action involving Donald Trump that actually could have ramifications, Twitter has lost almost $5 billion of its market value during the trading session on Monday. This comes as Donald Trump was ejected from the platform in a move some say goes against free speech. Donald Trump had 88 million followers, and investors are now starting to worry about a wave of potential social media regulations. This follows both Amazon cloud services and Apple both simultaneously attacking Parler, an app that functions very much like Twitter, but prides itself on free speech. At this point, one can easily see that there is a lot of angst building when it comes to social media companies, and it very well could be the beginning of a shift in attitudes towards these companies.

Bitcoin has been hammered during the trading session on Monday, dropping 19% by the time New York came to work. The fall came as rising US yields have lifted the US dollar, but the market had been completely overbought, showing signs of bubble behaviour yet again. With that being the case, most Bitcoin believers look at this as a potential buying opportunity again, but at the same time, this shows just how overblown the market has become. Ethereum was down 23% simultaneously, as blanket losses were seen all across the cryptocurrency world.

Speculators have increased their bullish bets on both gold and silver in the COMEX markets, as futures traders have seen the massive pullback as of late showing a possibility of value. Simultaneously, the strengthening US dollar does put a bit of pressure on the metal sector, but it is being used as a potential safe haven again now that Bitcoin has given up some of the gains it has recently enjoyed.