Financial conditions turned positive (looser...more accommodative).
Now the net count is +4, the best since January.
That doesn't preclude a pullback - anything can happen - but a big one would be historically unusual.
FOURTH TURNING: This amazing chart by Lyn perfectly sums up how we all feel about the demise of our society. Internalize the information on slides 9-33 of this presentation if you want to join me in solving the problem for our children: https://t.co/GtXpD81Cn7. 💜
@CarlCapolingua Carl, your market index analysis is genuinely first-class - unique perspective, outstanding quality. One small suggestion: a larger/higher-contrast cursor might help mobile viewers follow which price bars you're referencing. Keep up the fantastic work!
The signals are already there and my risk off framework tell us the same, but still more upside ahead given the compression of credit spreads. They will continue to narrow which will make the everything melt up more vertical upward
The late cycle signals are there (Red dots), but the real warning will come when spreads start to WIDEN along with markets going higher over a prolonged period of time, that’s not the case yet, so likely far more upside ahead in the everything melt up since 2022 🚀
Consolidation and/or volatility does not equal bear market. X is in for a surprise when a real recession hits, something we haven’t seen since 2007/08. Expect a complete ghost town in here, but there are ways to play it when it comes
Look at the red dots, look at pane 2 and be scared when spreads widen. - Red dots since the 1980s 👇🏻
The seeds are already there, but the melt up can intensify as long as they compress spreads
The Gold vs. 60/40 ratio doesn’t just confirm secular bull markets — it also hints at their potential duration.
In past cycles, once this ratio broke out, Gold’s secular peak followed about 8 years later in one instance, and ~9.5 years later in another.
This time, we’re less than two years into the move.
Hard money doesn’t lie—especially when you’re buying cattle.
At https://t.co/K9A3PMzYpy, we’re watching the old silver-to-cow ratio break wide open. Historically, 2 to 7 ounces of silver could buy a productive cow—from Viking raids to the American frontier.
Today?
Silver sits around $70.
A good bred cow runs $5,000.
That’s 70+ ounces for one animal—10× the historical norm.
If silver were to realign with history, it’d need to hit $700–$800 an ounce just to buy what one cow buys now.
We don’t price our beef in fiat.
We accept silver, gold, and Bitcoin because we trust what’s real— Hard assets. Living value.
Today, 1 oz of gold gets you a Whole Beef.
70 oz of silver does the same.
No bank required. Just a handshake and a freezer.
$SILVER $SIL Whenever price tags or pierces the lower BB, a reversal to the mean (and higher) follows. Now seeing a BUY signal on bullish divergence. Eyes on $93 for the next test. https://t.co/8pNBSznayG
Gold and Silver both trading lower following their re-open - likely another bout of leveraged liquidation before some tentative dip buyers emerged.
Silver -5.95% at $80.020 after hitting a low this mng around $77.77
Gold -3.07% at $4743 after hitting a low this mng around $4734.
#BITCOIN
Every time the monthly RSI of the copper/gold ratio breaks above its downtrend, BTC enters a bull run.
The monthly RSI is close to a bullish breakout.