Early Morning with Dave

Early Morning with Dave

Gold/Silver Miners Lead the Way

Japan’s political shift has fueled a record rally in the Nikkei. Gold tops $4,000 amid policy turmoil, while the AI boom rides on $1.2 trillion in debt.

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David Rosenberg
Oct 09, 2025
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Key Takeaways

  • Japan’s Political Shift Fuels Market Euphoria: The big news is how the political leadership shift in Japan is acting as a gift that keeps on giving. Japan’s Nikkei 225 surged +1.8% to a fresh record high of 48,580 and is now up a resounding +22% year-to-date. The entire Asian equity complex enjoyed a solid session — China’s Shanghai Composite (+1.3%), Taiwan (+0.9%), Thailand (+0.5%), and India (+0.3%) were all up. Remember — our Strategizer model has been favoring this part of the world for more than a year.

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