Mark Leibovit

Newsletter writer/publisher for over 44 years. Top 'Timer Digest' ranked 'Market Timer' and a PBS Wall Street Week 'Elf' with Louis Rukeyser ' until 1996.

[Mark Leibovit @TheVolumeMan]

https://t.co/k8ughplv5T

[Mark Leibovit @TheVolumeMan]

@cvpayne https://t.co/k8ughplv5T

[Mark Leibovit @TheVolumeMan]

Negative Volume Reversal (tm) in Total Market Index VTI. At least a trade

[Mark Leibovit @TheVolumeMan]

@robtfrank @Sothebys Your article on the wealthiest money leaving the U.S. is way, way off base, sir. The main reason the Dow Industrials and U.S. Markets are surging is that FOREIGN MONEY is coming into the U.S. as a flight to safety. Money that leaves the U.S. is stupid money.

[Mark Leibovit @TheVolumeMan]

@SquawkCNBC @robtfrank Did you ever hear such B.S. before?

[Mark Leibovit @TheVolumeMan]

https://t.co/S5vuWItpqT

[Mark Leibovit @TheVolumeMan]

@ProudElephant YES

[Mark Leibovit @TheVolumeMan]

@MarkJCarney Hello. Why are you permitting Chinese troops into Canada? Sounds like you have been bought out?

[Mark Leibovit @TheVolumeMan]

“ARMA Act” currently appears to refer to the proposed American Reserve Modernization Act of 2026, a bipartisan U.S. bill tied to cryptocurrency policy — specifically the idea of creating a federal strategic Bitcoin reserve.
Key points:

The bill would reportedly direct the U.S. Treasury to accumulate up to 1 million Bitcoin over five years.

It also proposes a broader Digital Asset Stockpile for other federally held cryptocurrencies.

The proposal is viewed as an updated version (“Version 2”) of the earlier BITCOIN Act introduced in 2024–2025.
Why it matters:

Supporters argue it would position the U.S. competitively if Bitcoin becomes a major reserve asset globally.

Critics worry about volatility, taxpayer exposure, and the government formally endorsing crypto assets.
For crypto-related stocks and ETFs you follow — including crypto miners, custody firms, and leveraged Bitcoin plays — legislation like this can materially affect sentiment and institutional adoption narratives.
There are also unrelated uses of “ARMA” (video games, statistics, fashion brand, etc.), so if you meant a different ARMA Act, let me know which field you’re referring to.

The most controversial and potentially market-moving aspect of the proposed ARMA legislation is not just the Strategic Bitcoin Reserve — it is the discussion around a possible revaluation of U.S. gold reserves to help finance it.
Here is the basic framework being discussed around the Gold Reserve Act and the new ARMA proposal:
Current U.S. Gold Accounting
The U.S. Treasury officially values its gold reserves at only $42.22 per ounce, a statutory figure dating back to 1973 even though market gold trades thousands of dollars higher.
The U.S. reportedly holds about:

8,133 metric tons of gold

Mostly stored at places like Fort Knox and the New York Fed system.
At current market prices, the real market value of that gold is dramatically higher than the official accounting value.
What “Gold Revaluation” Means
The theory is:

Congress could authorize the Treasury to mark those reserves closer to market prices.

That accounting adjustment could instantly create hundreds of billions — even over $1 trillion — in new balance-sheet value without technically issuing new debt.
Some ARMA-related commentary claims these “paper gains” could help finance:

purchases of up to 1 million Bitcoin,

broader sovereign reserve restructuring,

or debt management initiatives.
Important Distinction
This is critical:
There is NOT yet confirmed statutory language publicly verified showing a mandatory gold revaluation clause inside ARMA itself. Some crypto media reports say yes; others note the earlier BITCOIN Act did not explicitly require it.
So right now there are three layers:

Official ARMA proposal

Commentary/speculation about financing mechanisms

Historical precedent from 1934
Those are getting blended together online.
Why Gold Bulls Are Excited
Gold advocates see this as potentially enormous because:

It implicitly acknowledges gold has been massively undervalued on the federal balance sheet.

It could represent a partial return toward asset-backed monetary thinking.

It would place gold and Bitcoin together as strategic reserve assets.
That is why you are seeing narratives like:

“Bitcoin becomes digital gold”

“Gold becomes remonetized”

“The Treasury balance sheet is being reset”
Historical Parallel: 1934
The closest precedent was the 1934 revaluation under President Franklin D. Roosevelt:

Gold price was raised from $20.67 to $35/oz.

The move effectively devalued the dollar and expanded government monetary flexibility.
Many macro analysts now speculate a modern version could occur under debt-pressure conditions.
Potential Market Implications
If some form of gold revaluation actually occurred:

Gold miners like NEM and AEM could benefit dramatically.

Silver could potentially outperform gold on a percentage basis due to leverage and historical catch-up behavior.

Bitcoin would likely surge because the legislation effectively treats it as a sovereign reserve asset.

The U.S. dollar narrative could shift toward concerns about implicit devaluation.
For someone with your long-standing interest in precious metals, monetary history, COMEX pricing dynamics, and reserve asset transitions, this is one of the most important macro themes developing right now.

[Mark Leibovit @TheVolumeMan]

https://t.co/ZffdO6jWBl

[Mark Leibovit @TheVolumeMan]

Kevin Warsh should LOWER INTEREST RATES BECAUSE:
Higher rates raise business costs
Companies borrowing money for inventory, expansion, real estate, or operations suddenly face higher financing costs. Those costs may get passed on to consumers through higher prices.
Government interest expense explodes
With massive federal debt, higher Treasury yields dramatically increase U.S. government interest payments. Some inflation critics argue this eventually forces:more money creation,
more deficits,
or currency debasement.

Housing costs can rise
Mortgage rates increase monthly payments and reduce housing supply because homeowners don’t want to sell low-rate mortgages. Reduced supply can keep rents and home prices elevated.
Commodity and supply-side inflation
If inflation is driven by shortages, energy, tariffs, or supply disruptions rather than excessive consumer demand, raising rates may not solve the problem and can even worsen production constraints.
Historical examples
Some analysts point to the 1970s, where rates rose alongside inflation for a period, arguing the Fed was “behind the curve” and that inflation psychology had already become embedded.

[Mark Leibovit @TheVolumeMan]

Antisemitic podcaster Tucker Carlson told Israeli media that Israel is an apartheid state and comparable to the Iranian regime in its violence and terrorism. Israel is fightingn for its very existence. Carlson is confused about reality among Jews and the State of Israel. I had respected him for his journalism and insightful reporting until now. Something has happened to him. Either he is being threatened or he has been bombarded with misinformation.

[Mark Leibovit @TheVolumeMan]

STZ MAY 18 2026 https://t.co/xqMdHIqrfh via @YouTube

[Mark Leibovit @TheVolumeMan]

https://t.co/31JN5E9HIY

[Mark Leibovit @TheVolumeMan]

Guest Appearance Inquiry:
Hello Schwab Network Team,

I would like to be considered for guest appearances on Schwab Network programming discussing market strategy, technical analysis, volume analysis, precious metals, crypto legislation, and macro market trends.

My background includes:
• Two-time Timer Digest “Timer of the Year”
• Former CBOE floor trader
• Former Market Monitor contributor alongside Paul Kangas on PBS Nightly Business Report
• Author of McGraw-Hill’s “The Trader’s Book of Volume”
• Creator of the long-running Volume Reversal indicator and VRTrader market research
I regularly comment on:
• Market breadth and volume trends
• AI infrastructure and semiconductor leadership
• Precious metals and mining shares
• Crypto legislation and market structure
• Tactical trading opportunities and sentiment extremes
I am available for remote television/video interviews and can provide a professional broadcast setup.
Thank you for your consideration.
Mark Leibovit
https://t.co/6QIofj6K4t
[email protected]

[Mark Leibovit @TheVolumeMan]

@AntiWokeMemes Mental illness is contagious

[Mark Leibovit @TheVolumeMan]

https://t.co/FSoVxhDk4S

[Mark Leibovit @TheVolumeMan]

EBAY 2 https://t.co/jrLxrqg0Od via @YouTube

[Mark Leibovit @TheVolumeMan]

@JBPritzker WE NEED TO HOLD PRTIZKER ACCOUNTABLE! I'M GLAD I LEFT ILLINOIS YEARS AGO.