BREAKING: The US Dollar now represents ~40% of global currency reserves, the lowest in at least 20 years. This percentage has declined -18 percentage points over the last 10 years. Over the same period, gold’s percentage has increased +12 points, to 28%, the highest since the

BREAKING: Americans with four-year college degrees now account for a record 25.3% of U.S. unemployment. The percentage has doubled since 2008, leaving more than 1.9 million degree-holders age 25+ currently unemployed. This is the highest level since data collection began in

Trump has it backwards. The U.S. doesn’t subsidize the world; the world subsidizes the U.S. The dollar’s reserve-currency status allows us to live beyond our means. Soaring debt, tariffs, and military threats jeopardize that status. When it’s lost, economic collapse will follow.

China now generates 40% more electricity than the US and EU combined.

Sending our love and condolences to the family and friends of Dave Clark, the designer of the iconic fern that adorns the jerseys of our national teams.  Clark was approached by former All Black captain Andy Haden in 1986 to design a stylised fern for the black jersey. Dave’s

Gold has overtaken the U.S. Dollar as the largest Global Reserve Asset 🚨🚨🚨

The US Dollar accounted for 65% of global foreign currency reserves in 2001. 25 years later, it now accounts for just 40% of reserves. Do as you wish with this information.

Chinese EVs now account for roughly *two-thirds* of all EVs sold in the world. This kind of rapid takeover of a global high-tech industry is unprecedented — remember, we’re not only talking about EVs made in China, but also Chinese brands dominating the global market.

CME MARGIN HIKE ALERT ON ALL PRECIOUS METALS A Second MARGIN increase in 3 days. Maintenance increases A 33% increase for gold futures A 36% increase for silver futures A 25% increase for platinum futures A 14% increase for palladium futures This is going into effect Monday Feb

Friday's 25% silver crash wasn't about Warsh or dollar strength. It was margin induced liquidation at record prices while physical fundamentals tightened. The smoking gun: SHFE premiums exploded to 25% above US prices during the selloff, proving physical holders are hoarding

Silver bubbles have popped every single time. This one just did too. Silver hit $120 on Thursday. Then it crashed 31% on Friday, the worst single-day drop since the Hunt brothers in 1980. Futures settled at $78. The 2x leveraged ETF (AGQ) plunged 60%. Two months ago it was up

🇨🇳China has more industrial robots installed than the rest of the world combined. Total installations: - China: ~300,000 - Japan: ~50,000 - United States: ~40,000

This is wild: The 2x levered long-silver futures ETF, $AGQ, dropped -60% on Friday, posting the largest daily decline on record. This comes after the ETF rallied +158% year-to-date through Thursday. As a result, Friday's fall erased nearly all year-to-date gains, and $AGQ is

With mortgage rates likely having bottomed the capacity to pay for a home for a borrower on average earnings has likely peaked well below its 2021-22 peak …but home prices are 15-20% higher.

Silver. Right now. Same ounce. Same metal. New York COMEX: $80 Shanghai SGE: $111 India MCX: $93 Japan retail: $120 Kuwait retail: $106 40% spread between New York and Shanghai. The largest sustained divergence in precious metals history. The arbitrage is obvious. Buy

BREAKING: Gold and silver post massive reversals and erase the majority of their losses on the day. Gold is back above $4,700/oz and silver is back above $87/oz. Truly incredible price action.

BREAKING: The delinquency rate on Commercial Mortgage-Backed Securities (CMBS) for offices jumped +103 basis points in January, to a record 12.3%. This surpasses the post-2008 Financial Crisis peak by 1.6 percentage points. The CMBS delinquency rate has soared +600% over the

COMEX silver inventories continue to fall Right now there are about 102 million ounces of silver that can actually be delivered against futures contracts. That is the registered silver. Against that sits roughly 366 million ounces of open interest in the March contract. If every

While the Mag 7 have gone nowhere since October, the rest of the market is catching up without any price damage to the overall index. It’s a good outcome and far better than the zero-sum kind that I feared last year in which the Mag 7 might decline sharply and drag the index with

“BYD overtakes Ford in global vehicle sales.” Just 5 years ago, Ford sold 5 times as many vehicles as BYD. Chart: bloomberg.com/news/articles/…