Brisbane, tomorrow night! 🇦🇺 Michael Engeman, CEO at Ainslie, and Christopher Tipper (Chris Tipper | 📈 ₿ 🥇🥈), Chief Economist & Strategist at Ainslie Wealth, join the 2026 High Net Worth Crypto Roadshow. Precious metals. Digital assets. Global macro insights. Free event.

Chart of the Week The MOVE index jumped from 73.4 to 81.3 this week. That's the largest single-week move in months. Here's why it matters. The MOVE measures volatility in the U.S. Treasury bond market. When it's low, bonds are stable, lenders accept them at near full value as

Every major financial crash in the last century has landed on the same 7-year cycle. The next one lines up with 2028. Here's why that has our attention.

Bond volatility just crossed the line I've been watching. MOVE above 90 means the collateral channel is tightening. Banks get less leverage from the same bonds. Liquidity contracts without a single rate hike. $189 trillion in global liquidity. A floor, not a tailwind. The

I asked Alex what happens when industrial demand collides with investment demand at depleted inventories. Shanghai's physical silver vaults are down 30% in a month, premiums are running $12 over spot, and Bank of America just put a $309 target on silver. We dug into whether the

Silver gets consumed. Gold gets stored. So what happens when industrial demand collides with investment demand at depleted inventories? The price gets absorbed. Just like rhodium did during COVID. This move has further to run than most people think.

We sat down for this month's Bitcoin analysis and the tension was obvious. Global liquidity has peaked on time, Bitcoin's down 46% from highs, and the metrics that were supposed to signal the top never fired. Joe made the case for why the real economy and financial markets are

Full house for the HNW Crypto Roadshow in Brisbane Last Thursday. See you all in Melbourne this Thursday the 19th! Private venue. Drinks and canapés. Secure your seat → luma.com/2ndprrdm

The short-term risk isn't more inflation. It's deflation. From a cycle perspective, a serious correction in financial assets was always the expected path. Three years ago you'd get laughed at for saying it. The catalysts are now becoming clear.

Tomorrow night in Melbourne (Limited seats remaining) Join our Economic Cycles Analyst, Dhruv Suri (Dhruv Suri), and our Chief Economist & Strategist, Christopher Tipper (Chris Tipper | 📈 ₿ 🥇🥈), for an intimate evening on hard money. Explore economic cycles, gold’s enduring role

Looking forward to chatting to everyone tomorrow night! :)

Chart of the Week MOVE Crosses 90 The MOVE index just crossed 90. Here's why that matters more than anything else in markets right now. Banks borrow against the bonds they hold as collateral. When bond markets are calm, lenders accept those bonds at close to full value. When

I pushed back on Dhruv Suri's timing for the land cycle peak. Three weeks ago, we thought it could go either way. It can't anymore. The divergence between stocks and land is setting up, and what comes next has major implications for the gold to silver ratio. We broke down the

Wars don't create gold bulls. They give existing ones the signal to pull the trigger. If gold goes up, you're protected. If it stagnates, the world's probably a safer place. Either way, you can't lose. Here's why.

The part that surprised me: Dhruv Suri thinks the short-term risk isn't more inflation. It's a deflationary bust. And from a cycle perspective, that was always the expected path. We went through how high unemployment plus collapsing CPI gives the Fed permission to launch what

MOVE surged 20 points in a week to 108. Bond volatility is now actively tightening financial conditions through the collateral channel. Gold corrected 10% from $5,600. Silver dropped 16%. Bitcoin was the steadiest of the three. Meanwhile the nominal liquidity floor has started

For anyone wanting to join me for breakfast, I’ll be hosting the morning show at the Gold Conference on the Gold Coast soon at 7am. You can join in from the link below! youtube.com/live/M7zm2DYzv…

Chart of the Week The MOVE index measures expected volatility in the U.S. bond market. Think of it as the VIX for bonds. It just surged from 91 to 108 in a single week. Here's why that matters more than any equity headline you've read this week. Banks borrow against the bonds

I hosted the Bullion Sunrise panel at the Gold Coast Gold Conference last week with Lynette Zang, David Byrd and Kerry Stevenson. We covered the commodity super cycle, why the S&P measured in gold has been in a bear market since 2000, the derivatives bubble, and why most people

Global liquidity has now declined for four consecutive weeks. $189 trillion to $187.9 trillion. The floor that held all year is no longer static. MOVE surged to 111.9. Three weeks ago it was 91. The collateral channel is now actively compressing leverage across the system, and