30 Oct 2023
Here's the downside risk on gold. Either this longstanding correlation is broken or inflation is grossly understated and real rates remain negative
Source: Henry Smith
30 Oct 2023
Notable: $BITO traded $1.7b last week, 2nd biggest week since its wild WEEK ONE
$GBTC did $800m. That's $2.5b (top 1% among ETFs) into two less desirable methods (vs spot) for exposure. There's clearly an audience for bitcoin spot etfs. Source: Eric Balchunas, Bloomberg
30 Oct 2023
This is WORSE than the 2008 Financial Crisis. Credit card defaults are rising at levels NEVER seen in 3 decades
Source: Game of Trades
30 Oct 2023
Current market mood
Source: Raman Iyer
27 Oct 2023
The Greatest Treasury Bear Market in History
Source: BofA, Barchart
27 Oct 2023
Uranium narrative has made headlines again...Prices are now back above the levels seen before the Fukushima incident in March 2011...
Source: Game of trades
27 Oct 2023
Adding to that Great Rotation theme is this chart
US households account for 73% of Treasury bond buying in 2022-2023 (so far) A lot of pain being experienced for those not willing to hold to maturity amid this bond blood bath... Source: Markets & Mayhem, Goldman Sachs
27 Oct 2023
Gold's normal negative correlation to the dollar (upper chart) and US bond yields continue to collapse
Highlighting the current support for XAU as an alternative investment amid rising financial risks as yields surge and investors worry about developments in the Middle East (Chart: Bloomberg)
