Money Supply Expands First Time in 18 Months

Meanwhile, close to $400B in Treasury paper for sale this week. Sounds paperlicious.

• Quarterly annualized monetary growth is positive for the first time since June 2022. It won’t last long though, as January is a deflationary month

• Plus, when RRPs run out, there will be no counterflows against the deflationary trend.

• 16.2 million ounces of silver rush into SLV, but it’s probably just procedural, since this pattern repeats every January.

• Dollar Index challenges the 50WMA, if it breaks through it would signal the next (final?) dollar crunch is close.