๐จ Weekly Nuggets #35 is now live! ๐จ
It explores the forces reshaping the global economy: rising yields, inflation, energy disruptions, semiconductor shortages, gold, and the convergence of finance, speculation, and geopolitics.
#OilShock#AIBoom#DebtCrisis#GlobalTrade
It doesn't suprise that stocks and real estate have beaten gold by such a degree. ๐
The higher the risk, the greater must be the return. ๐ฐ
Of course, one has to be capable of riding the dizzying volatility, while gold offers tranquility. ๐ข
#AssetPerformance#InflationHedge
๐จOur latest piece by @TedJButler is now LIVE! ๐ฅ
This article explores the fundamental drivers behind silverโs bull market, from surging investment demand and structural supply deficits to the evolving macro forces. โก๏ธ
#SilverSqueeze#PreciousMetals#MarketImbalance
Let's enjoy it while it lasts. ๐ฐ
Hopefully, gold and silver miners stay disciplined and don't start leverage their balance sheets like crazy to expand production. โ ๏ธ
I'm sure they've learned from their past mistakes, though. ๐ง
#MiningStocks#BullMarket#PreciousMetals
๐กOur latest analysis by @ghoekonom explores the path Kevin Warsh will take the Fed.
His plan: lower short-term rates + aggressive QT. ๐
While short-end costs could be reduced, long term US debt financing may turn more expensive. ๐ต
#CentralBank#MonetaryPolicy#BondMarket
๐ฅ Are we repeating the 1970s?
The latest inflation trends continue to mirror the Great Inflation of 1966โ1980. With energy & commodity markets shaken by geopolitical tensions, Warsh may face a critical test right at the start of his tenure. ๐คนโโ๏ธ
#OilShock#Stagflation#CPI
Albeit striking, some perspective is needed. โ๏ธ
๐ This drop in the Russian gold holdings was only of 1.5%. If you look at Turkey, in Q1 2026, the gold reserves plunged by 79.45 tonnes, or 12.9%. ๐
Nevertheless Poland is trying to compensate. ๐
#MonetaryReserves#SafeHaven
Russia is selling its gold reserves at a rapid pace:
The Bank of Russia's gold holdings dropped -900,000 ounces in the first 4 months of 2026, to 73.9 million ounces, the lowest since February 2022.
Gold prices averaged ~$4,800 per ounce over the same period.
Therefore, if Russia sold gold at the market price, the sales are estimated to have generated ~$4.3 billion in proceeds.
Russia's central bank began reducing its gold reserves last year after the Finance Ministry liquidated gold and foreign currency assets from the National Wellbeing Fund to offset budget deficits driven by declining energy revenues.
Before the pandemic, the Bank of Russia used to be one of the worldโs largest official gold buyers, taking in nearly all domestically mined output until it halted purchases in early 2020.
Russia is increasingly selling gold to raise cash.
๐จ Weekly Nuggets #34 is LIVE! ๐ง
This weekโs edition explores a myriad of topics and trends that are shaping the globe.
We also cover the release of the highly anticipated IGWT 2026: Back to the Monetary Future ๐ช๐
#GoldDemand#GoldMining#OilFlows#MonetaryPolicy#AIBoom
Astonishing! OpenAI is only 10 years and is already valued at USD 1 trn. ๐ฐ
The companies providing these labor-saving technologies are taking over the world. ๐
Still, even they need real-world resources, which will benefit the materials sector. โ๏ธ
#AIBoom#ResourceInvesting
OpenAI is likely to raise $60 billion in its IPO, more than double Saudi Aramco's record. If it gets the expected $1 trillion valuation, it would be the world's 14th biggest company: Deutsche Bank's Adrian Cox https://t.co/oYcb0vFUwO
๐ Congratulations to our partners at @IGWTreport on releasing the 2026 edition of their annual report. ๐
Marking the 20th anniversary, this world-class publication never disappoints! ๐ฏ
๐ฅ Get your FREE copy here:
https://t.co/9rcvdVcXjc
#IGWT26#PreciousMetals#SoundMoney
๐จ The wait is over!
The In Gold We Trust report 2026 has just been released, marking the 20th edition of this landmark publication. ๐ช๐
Dive into the latest insights on gold, silver, commodities, monetary shifts & the future of the global financial system. ๐๐
๐ฅ Get your free copy fresh off the presses here:
https://t.co/ildv6VLgQo
#InGoldWeTrust #20YearAnniversary #GoldReport #GoldInvesting #SilverRally #PreciousMetals #SoundMoney #Commodities #DeDollarization #MonetarySystem #FinancialMarkets #GlobalEconomy #Geopolitics #AustrianEconomics #MacroResearch #MonetaryFuture #IGWT26
๐จ New on our Substack ๐๏ธ
Our latest article by @ghoekonom explores what Kevin Warshโs confirmation as the new Chairman of the Fed could mean for monetary policy, inflation, QE, and the future direction of the U.S. economy. ๐บ๐ธ๐ต
#CentralBanking#MonetaryPolicy#DovishHawk
Yet, not enough to bring the WTI back below USD 100. โจ๏ธ
Of course, there's nothing critical about the oil price being in triple-digit territory, but it indicates the market expects the upside risks are weighing more than to the downside. โ ๏ธ
#EnergyCrisis#IranWar#Geopolitics
Timeline the last 24 hours
Sunday night: "Time of the Essense" for Iranian deal ...S&P futures down
Two hours before open: Close to a deal ... S&P futures rally
Morning: Not close to a deal, S&P down
Aftenoon: Holding off on tomorrow's attack to get a deal, S&P recovers.