Positions as of 20 October, 2026
The mini-mania in Fed-rate-hike odds and resulting surging US dollar driving that gold weakness are overdue to reverse, paving the way for sizable-to-large mean-reversion gold buying.
A quick, easy end seems less likely by the day...not the end of the world, but it is the beginning of a new cycle of global political volatility in markets dependent on the Black Sea.
For Maharrey, the link between federal finances and the value of money is central to understanding the precious metals market.
Triple leverage is triple risk. And that doesn’t count the cost of management, various fees, and the interest on the borrowed money facilitating the leverage.
Interest expense is already overwhelming the government budget. The Treasury forked out $1.36 trillion in fiscal 2026. That was an 11.5 percent increase over the previous year.
Ira Epstein discusses the significant downturn in the metal markets, which he attributes to broader market movements and geopolitical tensions...
