Chris Savage

Husband, Father, Learner, Advocate of Civil Discourse. CEO of Builder Clarity. AI + PMP. Markets Since 04'. No $ Advice

[Chris Savage @chrislsavage]

@alphaticaio $AMZN $GOOGL $MSFT

[Chris Savage @chrislsavage]

War only happens on the weekend. Markets have to go up during the week :P

[BRICS News @BRICSinfo]

JUST IN: 🇺🇸🇮🇷 US and Iran agree to halt strikes and meet this week, Axios reports.

[Chris Savage @chrislsavage]

@alphaticaio super cool idea. Thank you

[Chris Savage @chrislsavage]

@PeterLBrandt 1

[Mark Minervini @markminervini]

Interesting chart someone sent me...

[Hedgeye @Hedgeye]

BREAKING🇺🇸: U.S. Senate passes a bill that carries four-year ban on creating a Central Bank Digital Currency

[Chris Savage @chrislsavage]

This will be interesting. No chance Israel listens to Trump.

[The Hormuz Letter @HormuzLetter]

BREAKING: Iran has suspended its entire 60-day negotiation period with the US over the direct violation of the MOU's first clause, with Israeli attacks on southern Lebanon constituting a breach less than 24 hours after the MOU was electronically signed, per Fars and Al-Mayadeen.

Iran's negotiating delegation had already been preparing to depart for Switzerland to launch the first round of talks before Iran made the decision to suspend the entire trip.

Iran will also not unilaterally fulfill its commitments, and until Iran is fully assured Israeli attacks on Lebanon have stopped and the US has practically adhered to the first-clause obligations, talks remain cancelled.

[Chris Savage @chrislsavage]

LOL!

[Bespoke @bespokeinvest]

'Merica.🇺🇸🇺🇸🇺🇸

[The Kobeissi Letter @KobeissiLetter]

Bearish investor positioning in gold options is extremely crowded:

The 6-month put-call skew on the largest US gold-backed ETF, $GLD, is up to 1.03, near the highest since 2017.

The put-call skew measures the relative cost of put options versus call options, rising when investors are paying more to protect against downside than to bet on further upside.

This metric has risen +0.13 points over the last few weeks, posting the largest increase since the 2022 bear market.

By comparison, the 10-year average of the 6-month put-call skew is 0.90.

Meanwhile, the 3-month put skew on $GLD is up to 1.19, the highest on record.

This measures demand for downside protection, and it rises when investors are willing to pay more to hedge against losses.

The short gold trade has become very crowded.

[Ben Hunt @EpsilonTheory]

Unconditional surrender.

[Chris Savage @chrislsavage]

$300B and Iran Toll. Add that to the American cost for deployment and weapons. ~$1T

[The Hormuz Letter @HormuzLetter]

BREAKING: The White House has released the full text of the US-Iran MOU, which confirms full US capitulation to Iranian demands. Iran's top negotiator and Parliament Speaker Ghalibaf in a new interview called this final MOU the ultimate "America's failure."

The 14 key points:

1. Permanent termination of war on all fronts including Lebanon, with US and Iran committing to never initiate military operations against each other and to protect Lebanese sovereignty

2. At least $300 billion in reconstruction and economic development funds for Iran from the US and regional partners

3. Permanent termination of all sanctions including UN Security Council resolutions, IAEA Board resolutions, and all unilateral US primary and secondary sanctions

4. Full release of all Iran's frozen funds and assets, up to $100 billion total, with the Central Bank of Iran designating beneficiaries

5. Iranian sovereign administration over the Strait of Hormuz with only a 60-day free passage waiver, after which Iran begins collecting transit fees from every commercial ship

6. Full removal of US naval blockade within 30 days and withdrawal of all US forces from all US bases around Iran within 30 days after the final deal

7. Iran retains its full enrichment infrastructure with only existing stockpiled material to be down-blended on-site under IAEA supervision, with no new concessions on its existing NPT commitment

8. Iran's missile program and support for Resistance groups are explicitly removed from final deal negotiation scope

9. Mutual recognition of sovereignty and non-interference in internal affairs, formally legitimizing the Iranian regime

10. US commits to no new sanctions and no additional forces in the region while Iran maintains its current nuclear program status quo

11. Immediate US Treasury waivers for Iranian crude oil, petroleum products, and all banking, insurance, and transportation services

12. Friday's signing will trigger a 60-day final deal negotiation period, extendable by mutual consent

13. Joint executive mechanism to monitor implementation and final deal compliance

14. The final deal will be endorsed by a binding UN Security Council resolution

Iran via Tasnim has confirmed this is the final MOU, with Ghalibaf adding "everything we sought to achieve through military action was secured several times over at the negotiating table, in a way that cannot even be compared."

[Chris Savage @chrislsavage]

The World Gold Council’s 2026 Central Bank Gold Reserves survey once again highlighted the continued importance of gold as a strategic reserve asset. An overwhelming 89% of respondents expect global central bank gold holdings to increase over the coming year, while a record 45% expect their own institution to add to reserves. At the same time, 74% expect the share of US dollar holdings within global reserves to decline over the next five years, while gold’s share is expected to rise. $gld $phys

[Ole S Hansen @Ole_S_Hansen]

Precious metals steady as oil-driven inflation fears fade https://t.co/1PvEglFWNg via @saxobank

[arctotherium @arctotherium42]

Seville disease - destroying productive capacity by exporting the currency, and confusing the resulting temporary revenue/consumption capacity for actual wealth, which in the long run is a function of production, is one of the major problems of 21st century America.

[Chris Savage @chrislsavage]

$phys $GLD

[WALL ST JESUS @WallStJesus]

Central Bank #Gold Reserves Survey 2026
https://t.co/uosknOQZFi

[Chris Savage @chrislsavage]

there’s a chance.

[Correlation Economics @GoldForecast]

When put options cost more than call options, the gold bottom is in.

[Alessio @AlessioTMAD]

300B for Iran

[Chris Savage @chrislsavage]

@alphaticaio Y'all are the best!

[Bloomberg @business]

Singapore plans to launch a gold-clearing system this year, with banks including JPMorgan and Deutsche Bank set to participate in the city-state’s push to become a hub in the global bullion market https://t.co/Z1EdnTBd9z

[Tracy Shuchart (𝒞𝒽𝒾 ) @chigrl]

More Central Banks Than Ever Say They Will Buy Gold This Year

More central banks than ever expect to increase their gold reserves, a sign one of the key forces behind bullion’s record-breaking rally remains intact despite this year’s pullback.

In a survey of 74 central banks, 45% said they plan to buy in the coming year, the biggest-ever share in data collected by the World Gold Council and YouGov Plc since 2018. Just one said it planned to cut holdings, the WGC said in a report Tuesday.

In the coming year, emerging-market and developing-economy central banks make up most of the prospective buyers, according to the WGC’s survey. About 53% of those respondents said they expect their holdings to increase, compared with 18% of advanced-economy central banks. (Bloomberg)

[Craig Shapiro @ces921]

As the US goes all-in on the AI capex buildout which then starves the rest of the economy of needed cheap financing and energy costs that no longer exist, more and more areas of the economy are falling by the wayside

The bifurcation of the economy is increasingly becoming a problem for both the Fed and the administration.

Eventually something will change. But not today folks. Not today.