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[OutsideMoney @Outside_Money]

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Gold has now overtaken the euro as the second-largest central bank reserve asset, comprising about 16% of global reserves 🧵👇

Central banks have aggressively bought gold in recent years, accumulating 483 tons in the first half of 2024 alone.

[OutsideMoney @Outside_Money]

Gold has now overtaken the euro as the second-largest central bank reserve asset, comprising about 16% of global reserves 🧵👇

Central banks have aggressively bought gold in recent years, accumulating 483 tons in the first half of 2024 alone.

[OutsideMoney @Outside_Money]

This shift could weaken the dollar's global influence, potentially leading to higher interest rates and a strain on U.S. fiscal stability.

[OutsideMoney @Outside_Money]

It's like the Fed's offering an all-you-can-eat buffet of monetary support, serving up protection against everything from recession fears to global economic hiccups.

But is this financial comfort food setting us up for a nasty case of economic indigestion?

[OutsideMoney @Outside_Money]

Fed's aggressive rate cut signals a continued era of ample liquidity, acting as an insurance policy against various economic risks

https://t.co/uyWwBnFL84

[OutsideMoney @Outside_Money]

The Fed's surprise 0.5% rate cut has raised eyebrows.

Despite a robust economy and strong labor market, the central bank's move suggests we're still living in Liquidity Land.

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Job market shows resilience with unexpected rise in openings, but hiring softens amid economic shifts 🧵👇

The job market's sending mixed signals.

August saw job openings unexpectedly climb to 8.04 million, a 329,000 jump that's got economists scratching their heads.

[OutsideMoney @Outside_Money]

Job market shows resilience with unexpected rise in openings, but hiring softens amid economic shifts 🧵👇

The job market's sending mixed signals.

August saw job openings unexpectedly climb to 8.04 million, a 329,000 jump that's got economists scratching their heads.

[OutsideMoney @Outside_Money]

So, what's the takeaway?

The job market's more complex than a Rubik's cube in a blender.

It's resilient yet cautious, expanding yet contracting.

One thing's for sure – in this economic choose-your-own-adventure, we're all just trying to pick the right page.

[In Gold We Trust @IGWTreport]

25 Years of the Euro.

90% of its value is gone.

[Jesse Colombo @TheBubbleBubble]

As I've been expecting, gold is pulling back a bit after it couldn't close above $2,700 in COMEX futures.

This is healthy behavior that should be welcomed because gold needs to consolidate its energy for the next leg up.

I'm watching $2,600 as the key support.

$GLD $XAUUSD

[OutsideMoney @Outside_Money]

Worth noting for $PLTR investors

[amit @amitisinvesting]

$PLTR

Peter Thiel sells another 4M shares today. His average was $36.84 a share.

Palantir finishes green, closing at $37.20.

Again, I’m not saying Palantir can’t take a big dip or a correction isn’t possible. We all know it’s expensive and Thiel selling $700M+ of stock in a week is obviously signaling that as well.

However…so far the market has been able to eat these insider sells like a champ and truly not care about them. There was plenty of liquidity today to absorb the 4M shares sold, likely from many funds that now own Palantir as a result of the company getting included into the S&P 500.

On Thiel’s sales:

1.) Thiel is known to sell. He sold millions of $META shares right after IPO. He has many ventures that require capital and selling creates liquidity thats needed for him to fund other operations. He still has about 100M shares of Palantir.

2.) He’s been holding since 2006. He is the definition of a long term investor. Anyone who’s held that long deserves to sell if they have executed and Palantir obviously has.

3.) Finally — and most importantly….I’ve been saying this since the insider selling ramped up: if you REALLY hate Thiel taking profits, you can sell right now at a better price than he got today ����

My point being that these shares are not being dumped and then the stock is crashing causing people to hold the bag. Could that happen in the future if we see a big pullback?

Of course.

But for now, the sells are being absorbed and the market is not caring at all about the insider selling as a thesis breaker for Palantir (which would be a bad these breaker) because they are developing their own independent narrative around the stock, which is bullish. So if you’d like to trim your position, it’s not like you can’t trim with the insiders, which means you also can’t really blame them for taking profits…especially when we all know the valuation is a bit stretched.

For longs, this news really means nothing other than Thiel deservedly taking profits & the street creating their own narrative for owning Palantir outside of being worried or very upset at things like insider selling.

[Guilherme Tavares @i3_invest]

Would it surprise you if this happened again?

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👀

[Jesse Colombo @TheBubbleBubble]

Bitcoin and crypto always tank when there are geopolitical fears, unlike precious metals.

That confirms my long-held belief that crypto is not a safe-haven.

It's yet another risk asset just like high-flying tech stocks. $BTC $GLD