IceCap

We empower clients with the knowledge to properly understand the uncertainties of global markets. Not Investment Advice.

[IceCap @IceCapGlobal]

🧵 It's funny and painful to watch so-called Canadian elites argue about something they know little about. Not to mention #1 goal being to GASLIGHT all the time, 24-7.

Here's what really happened with Canadian inflation and government. PLEASE share with anyone who's GASLIGHTING anyone.

[IceCap @IceCapGlobal]

Hawkish monetary policies cannot resolve an energy crisis.

[FinancialJuice @financialjuice]

BoE’s Greene: There is a benefit in acting sooner on rates, the speed of the response is arguably just as important as its size.

[IceCap @IceCapGlobal]

@Shmizerist This was private sector sales. The chart/illustration is detailing gold owned by central banks - not private sector.

[IceCap @IceCapGlobal]

Canada leads the G7 in not owning any GOLD.

[Epic Maps 🗺️ @theepicmap]

Countries with the Highest Gold Reserves 🏆🔥

🇺🇸 United States ~ 8,133 tons
🇩🇪 Germany ~ 3,352 tons
🇮🇹 Italy ~ 2,452 tons
🇫🇷 France ~ 2,437 tons
🇷🇺 Russia ~ 2,336 tons
🇨🇳 China ~ 2,235 tons
🇨🇭 Switzerland ~ 1,040 tons
🇯🇵 Japan ~ 846 tons
🇮🇳 India ~ 822 tons
🇳🇱 Netherlands ~ 612 tons
🇹🇷 Turkey ~ 584 tons
🇹🇼 Taiwan ~ 423 tons
🇵🇹 Portugal ~ 382 tons
🇵🇱 Poland ~ 377 tons
🇺🇿 Uzbekistan ~ 364 tons
🇸🇦 Saudi Arabia ~ 323 tons
🇬🇧 United Kingdom ~ 310 tons
🇰🇿 Kazakhstan ~ 310 tons
🇪🇸 Spain ~ 281 tons
🇦🇹 Austria ~ 280 tons

Source: World Gold Council

[IceCap @IceCapGlobal]

@jofx Yes, but only if the government is willing to extract. Canadian government is unwilling, unable, incapable of making sound economic choices. It's been captured.

[IceCap @IceCapGlobal]

Not really.
The policy decisions during this time have been just plain, wrong. Their understanding of gold, and what it represents was (and still is) wrong. Canada received bad advice and no one in government will even mention it. Instead Canadian govt (and big media) have been captured by weird beliefs.

[IceCap @IceCapGlobal]

@rakingfeet Correct!
And now Canada should try taking it out of the ground. Enormous opportunity for Canada. Only if it takes action.

[Sam Cooper @scoopercooper]

The Canadian public has been told this agreement exists.  But we have not been told what it actually says — because the RCMP has stated it will not release the document without Beijing’s permission.
That is not how a democracy operates. Canadians do not need a foreign government’s consent to know what their own police force has agreed to.
We call on the Government of Canada to release all details of the RCMP–Ministry of Public Security MOU to Parliament and the Canadian public immediately.
This agreement was not signed in a vacuum. It was signed against a backdrop of sustained, documented, and escalating interference by the People’s Republic of China against Canada and Canadians.
@rcmpgrcpolice

[IceCap @IceCapGlobal]

@PeterofRecord @BenRabidoux lol

[IceCap @IceCapGlobal]

Announcing: Toronto Loonie Hour Investor Series with Ron Butler and Dan Foch - June 3, 2026.

Join the Loonie Hour community for amazing insights on the Canadian housing market, as well as forecasts on global markets and how it will affect Canadians.

https://t.co/lR1SnGaPkY

@ronmortgageguy @danielfoch @SteveSaretsky @RichardDias_CFA

[IceCap @IceCapGlobal]

@inoopsingh Treasuries holdings wasn't enough USD. Needed even more.

[IceCap @IceCapGlobal]

Why is Turkey liquidating UST?

Truth: they need USD to defend their Turkish LIRA currency.

Lie: they are concerned about US debt and US Dollar.

[matthew sigel, recovering CFA @matthew_sigel]

*TURKEY LIQUIDATED ALMOST ALL ITS US TREASURY HOLDINGS IN MARCH

[IceCap @IceCapGlobal]

@TOLDUS0 You seem like a nice person.

[IceCap @IceCapGlobal]

Trend continues to deteriorate.

[Bloomberg @business]

Two Canadian pension funds have shelved efforts to sell private equity fund stakes after valuations missed expectations, according to people familiar with the matter https://t.co/66Qkytup84

[IceCap @IceCapGlobal]

@TOLDUS0 ok.

[IceCap @IceCapGlobal]

@TOLDUS0 Hi there. What would you like to hear?

[Tracy Shuchart (𝒞𝒽𝒾 ) @chigrl]

As well as the sale of gold holdings. Long/short they needed USD to prop up their currency.

[IceCap @IceCapGlobal]

@FullScopeWelds that's a classic.

[IceCap @IceCapGlobal]

@TeslaJaat They will eventually. Then risk will be expressed in credit and FX

[IceCap @IceCapGlobal]

IceCap has consistently informed everyone about this coming debt COLLIDING with interest rate wall.

MAJORITY of investors and policy makers’ ENTIRE career was experienced during QE ZIRP NIRP decade, and declining rates prior.

This will create significant opportunities for those who are prepared.

Everyone else will be screwed.

[Thierry from arvy 🇨🇭 @ThierryBorgeat]

WHAT IF the biggest bubble of our lifetime isn't crypto?

Not AI stocks.
Not real estate.

What if it's the one asset every pension fund, every retiree, every "safe" portfolio is loaded with?

Bonds.

200 years of rate cycles say the same thing:
Every peak lasts 56–67 years.
The 1981 top was 14% yields.
The 2020 bottom was 0%.

39 years of falling rates just ended.

What if we're now at the start of the next 50-year cycle — upward?

Most investors have never managed money in a rising rate world.
Their entire career happened inside the bull.

The unwind has barely started.
And no one is talking about it.