Geo-Politics
The International Monetary Fund (IMF) gave a very negative outlook for the foreseeable future (with no limit) for “we are on the brink of the worst (global) economic situation since WW2.”
They have never been this negative.
According to imf.org, they say the USA is to drop a meager 3.7% in GDP.
But the (end of) 2026 number, is estimated to be a drop of 33% from today.
This isn’t just some YouTuber’s opinion; this is the IMF.
Trump’s threats of tariffs are still getting a mountain of attention all over the globe. JD was in Europe last week and carried the big stick wherever he went.
The Stock Market Watch
The DOW is now 2 months of ‘no new highs’.
I am shocked as to how much hype there is to BUY! BUY! BUY!
Since we know a correction is coming, these people will be paying for others to profit during the drop.
The S&P 500 is looking the same, even flatter in the last month.
Don’t forget the S&P 500 is much more accurate as an indicator of our economy.
But if you know that 28% of the S&P 500 TOTAL VALUE is just the top SEVEN companies ONLY… and then consider the other 493 stocks, the market is already down almost 2% over the last several months.
Yet, people only hear on the news, “record highs.”
Metals Market & Crypto Watch
Gold was hitting all-time highs during my last release.
One of my most conservative sources is saying we could be in a ‘gold run’ (up).
Like a bank run, but just gold.
He noted how the Bank of England is selling gold at the spot price.
England needs CASH.
There is no premium, causing many bargain hunter countries to spend a lot of money.
Some of this gold was confiscated from other countries that were storing gold in England.
Venezuela being one of them.
The only reason for them to do this would be a fire sale… to get them cash FAST, to avoid collapse.
Silver ETF’s (Exchange Traded Funds) are funky now, too. There are extra premiums, too, added as fees for the purchase.
I NEVER recommend owning ANY ETF, as these are just paper.
At last check, there was only ONE ounce of silver for FORTY ounces worth of ETFs.
“SLV” is likely the most common silver ETF.
Other News
The Reverse Repo account (think of it as the FED’s rainy-day fund for banks) is nearly 100% dry.
In the event funds are needed, the only answer is to force inflation (on purpose).
Trump planning on lowering T-Bill rates without the FED’s blessing could make the FED irrelevant.
Labor numbers came out and were completely blasted by the fact that they do NOT properly include illegal immigrants (according to Goldman-Sachs).
Illegals continue to suck up low-paying jobs, ones that would be great for entry-level citizens.
The latest Consumer Price Index numbers were higher than expected; the largest monthly increase in quite some time.
This means INFLATION.
The Usual Metrics
The Inversion chart is back down under 0.25%.
Given this, the stock market correction is still on hold.
It happens when the chart shows a positive of 0.50 to 0.75.
National debt is very close to being halfway to $37 trillion (from $36T).
A huge chunk of this debt still needs to be re-financed this year.
Boeing notified the government of another 500 layoffs in this state before the end of the month.
What Would I Do About All This?
(This is NOT financial advice, but it is what we did in our house…)
We are buying metals (FOR THE LONG HAUL), with nearly all of our metals ‘vaulted’ by insured companies.
(Most of our metals are in my retirement fund that I cannot legally physically possess. So…)
We use the OneGold app for these funds (again, because they are in my ‘self-directed IRA’, and I can’t legally possess the metal).
Be sure to ONLY BUY metal from trusted sources.
My local source is Micah Miller at www.fsmetals.us
If you want his phone number, you can reply to this email, and I’ll send it to you.
