Macro Alpha

REAL YIELDS ROSE FROM 1.87 PERCENT ON AUGUST 24 TO 2.47 PERCENT TODAY. SILVER SHOULD BE CRASHING UNDER THAT PRESSURE YET IT HOLDS NEAR 67 DOLLARS. DEMAND IS OVERRIDING THE USUAL RATE DRAG AND LEAVING ANYONE BETTING ON A BREAK LOWER EXPOSED. https://t.co/Y0GQa3GmAM

Rising real yields from 1.87% to 2.47% are expected to pressure silver prices lower. The absence of a decline does not automatically prove unusually strong demand. It could instead reflect reduced supply or other offsetting flows that the price alone does not reveal. https://t.co/rNc32IjTGw

Rising real yields from 1.87% to 2.47% are expected to pressure silver prices lower. The absence of a decline does not automatically prove unusually strong demand. It could instead reflect reduced supply or other offsetting flows that the price alone does not reveal. https://t.co/rNc32IjTGw

🚨 BREAKING: $150 BILLION WIPED FROM CRYPTO MARKETS AS $450 MILLION IN LEVERAGED LONGS LIQUIDATED IN 24 HOURS. LEVERAGED BETS BUILT FOR HIGHER PRICES GOT FORCED OUT OVERNIGHT. ANYONE STILL HOLDING WITH BORROWED MONEY NOW FACES THE SAME LIQUIDATION PRESSURE.

US OFFICIALS ARE WEIGHING A GLOBAL PUSH FOR DOLLAR-BACKED STABLECOINS. Bloomberg reports the initiative is under active review. Issuers and platforms built on non-dollar coins now face a policy-backed rival from the largest economy, raising the cost of staying outside the new channel if it advances.

COMEX REGISTERED SILVER DROPPED 2.4 MILLION OUNCES TUESDAY. JP Morgan alone adjusted more than 1.1 million ounces out of its registered pool, with Asahi, Brinks and Stonex also moving material volumes. That shrinks the only category that can settle futures contracts. Shorts now face a tighter deliverable float, raising the real cost of rolling exposure when physical demand shows up.

BILL HOLTER, JIM SINCLAIR'S PROTÉGÉ, IS CALLING FOR GOLD TO EXCEED $180,000/OZ. His calculation: divide the US's $40 trillion in debt by its gold reserves, which have not been audited in 70 years. This reveals the gold price needed to back the escalating debt. Holter warns that when financial 'shenanigans' and the $2 quadrillion derivatives market fail, a massive flood of capital will abandon fragile fiat for real money. Holter expects silver to revert to its historical 16:1 ratio against gold, pushing it to $11,250/oz. Silver's critical industrial demand, especially in green energy, adds volatility to its current "stupidly cheap" 120:1 ratio. The risk for those tied to collapsing paper promises is severe as this capital flight accelerates towards scarce metal.

BILL HOLTER, JIM SINCLAIR'S PROTÉGÉ, IS CALLING FOR GOLD TO EXCEED $180,000/OZ. His calculation: divide the US's $40 trillion in debt by its gold reserves, which have not been audited in 70 years. This reveals the gold price needed to back the escalating debt. Holter warns that when financial 'shenanigans' and the $2 quadrillion derivatives market fail, a massive flood of capital will abandon fragile fiat for real money. Holter expects silver to revert to its historical 16:1 ratio against gold, pushing it to $11,250/oz. Silver's critical industrial demand, especially in green energy, adds volatility to its current "stupidly cheap" 120:1 ratio. The risk for those tied to collapsing paper promises is severe as this capital flight accelerates towards scarce metal.

BILL HOLTER, JIM SINCLAIR'S PROTÉGÉ, IS CALLING FOR GOLD TO EXCEED $180,000/OZ. His calculation: divide the US's $40 trillion in debt by its gold reserves, which have not been audited in 70 years. This reveals the gold price needed to back the escalating debt. Holter warns that when financial 'shenanigans' and the $2 quadrillion derivatives market fail, a massive flood of capital will abandon fragile fiat for real money. Holter expects silver to revert to its historical 16:1 ratio against gold, pushing it to $11,250/oz. Silver's critical industrial demand, especially in green energy, adds volatility to its current "stupidly cheap" 120:1 ratio. The risk for those tied to collapsing paper promises is severe as this capital flight accelerates towards scarce metal.

BILL HOLTER, JIM SINCLAIR'S PROTÉGÉ, IS CALLING FOR GOLD TO EXCEED $180,000/OZ. His calculation: divide the US's $40 trillion in debt by its gold reserves, which have not been audited in 70 years. This reveals the gold price needed to back the escalating debt. Holter warns that when financial 'shenanigans' and the $2 quadrillion derivatives market fail, a massive flood of capital will abandon fragile fiat for real money. Holter expects silver to revert to its historical 16:1 ratio against gold, pushing it to $11,250/oz. Silver's critical industrial demand, especially in green energy, adds volatility to its current "stupidly cheap" 120:1 ratio. The risk for those tied to collapsing paper promises is severe as this capital flight accelerates towards scarce metal.