Bitcoin ETFs now sit at nearly $60 Billion in assets.
To put that into perspective, GLD, which is the largest gold ETF, has a total AUM of $62 billion. Source: Bloomberg
Cocoa beans are the new AI. 🍫
Now up +161% YTD. Source: Trend Spider
Any person capable of angering you becomes your master
Source: Psyche Wizard
“We never look at any analyst reports. If I read one it was because the funny papers weren’t available. I don’t understand why people do it.” - Warren Buffett
Source: MastersInvest.com
Index investing vs active management, visualized on one chart
By Brian Feroldi
A number of Central Banks have begun to add gold to their reserves since Russia invaded Ukraine.
Chart from Alpine Macro. According to the IMF there is about $12 trillion of currency reserves held globally. That is nearly the market value of the gold stock, but according to Alpine Macro only about $3 trillion of gold is potentially available for central banks to purchase. While other factors need to be taken into account, Central banks buying is likely creating a supply/demand imbalance. Source: Crit Thomas, Alpine Macro
The Dow-to-Gold ratio has now backtested for the second time, after breaking down below its 25-year triangle.
And the chart is now very close to making an expected lower low, which will confirm the historical trend change. Is gold now set to outperform the general stock market? Source: Graddhy - Commodities TA+Cycles
Yes, this week was painful for stocks.
But putting things into perspective, equities have been more resilient to higher rates recently versus previous periods of rising rates. Source: Edward Jones
