Articles
The $700 Billion Gold Rush Nobody’s Talking About
Gold’s next big boom may have nothing to do with mining. A new World Gold Council report identifies a $700 billion opportunity that could transform how investors own gold.
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Washington Waived Its Own Sanctions. Central Banks Noticed.
Freezing Russia's reserves in 2022 sent central banks into gold. On October 16, Washington waived a sanctions law that passed the Senate 86-11 while diesel sat at $6.28. Brian Hicks on what reserve...
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The AI Boom Just Got Its First Margin Call
The hottest producer inflation since 2022 should have crushed bonds and gold. Both went up. Brian Hicks on who was selling, where the money ran, and why gold is the asset with no counterparty.
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Gasoline Just Erased the Fed's Rate Hike
Gold sold off on this morning's hot inflation print. Do the math on what the Fed is actually paying savers and you get a very different story.
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The Forecast That Was Right Too Early
Last October, LBMA conference delegates called silver at $59.10. It closed Friday at $60.81. This year they voted $5,013 gold and $97.40 silver, implying the gold-to-silver ratio falls from 69 to...
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Gold Doesn't Have a Private Key
An Ethereum Foundation researcher told the biggest crypto holders to get ready for "bunker mode," warning AI could crack the math that guards bitcoin wallets. Jason Williams explains what that...
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They Took Gold Anyway.
The 10-year Treasury hit 5.35%, its highest since 2002, and gold slid to a two-month low. Investors answered by adding a record 67 tonnes to gold funds in September, led by the U.S. and UK. Brian...
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The Fed's Forecast Lasted 16 Days
The Fed projected 4.1% unemployment on September 16. Sixteen days later, a 29,000-job report pushed it to 4.2% and collapsed the odds of another hike. Jason Williams explains why a Fed that stops...
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Beijing Just Closed the Gold Casino
The Shanghai Gold Exchange just told China's biggest banks to stop selling leveraged gold. Shandong Gold is cutting output, Chinese households are buying bars, and Comex marked gold down 3.2% the...
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Silver Got Cut in Half. The Deficit Didn't.
Silver fell 49% from its $121.67 January record to about $62, but the Silver Institute projects a sixth straight annual deficit, 762 million ounces drawn from stockpiles, and flat mine supply. Brian...
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Five Years Ago, You Had $10,000 and Three Choices
Jason Williams runs the five-year scoreboard on bitcoin, the S&P 500, and gold. Gold rose about 145% from September 2021 to September 2026, beating bitcoin (+88%) and the S&P 500 (+73%) in nominal...
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The First Body: Why the Current 10-Year Treasury Rising Above 5% Matters
The 10-year Treasury yield just crossed 5% and touched 5.04%, its highest level since July 2007. Brian Hicks retraces the 2007 crime scene that began with the same clue, walks through the collapse...
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