Gold Looks Bearish, Until You See Who’s Buying 289 Tonnes
Gold fell, and the obvious trade was to run for the exits. Except some of the biggest buyers did exactly the opposite. In Q2 2026, gold ETFs flipped from buying 62 tonnes
The 1970s Made Commodity Investors Rich. Today Almost Nobody Is Positioned
This chart tells a simple story, when inflation changes the rules, the assets that investors ignore can suddenly become the assets everyone wants. During the 1970s, the global financial system was hit
This Leading Indicator Says Inflation Is Not Finished Yet
This chart is basically inflation’s smoke detector. The black line shows US CPI, while the red line tracks the ISM Services Prices Paid Index pushed forward by 6 months. In simple terms,
