February 9, 2026

By Nigam Arora

To gain an edge, this is what you need to know today.

China Warning

Please click here for a chart of gold futures (GC_F).

Note the following:

• The chart shows gold has moved up above $5000 again.   The up move in gold is triggered by China’s warning.  The same warning from China is hampering the budding stock market rally from oversold conditions.
• China is warning its financial institutions to reduce their holdings of U.S. Treasuries.  China is also warning its financial institutions to limit purchase of new U.S. Treasuries.
• Chinese banks are large holders of U.S. Treasuries.
  • China is being proactive to stop potential ire from President Trump.