Silver Float at LBMA at Record Low, Upper Levels of Inverted Pyramid Shaking Hard

And interest rates are out of control in Japan and Europe

Nasdaq Hits Trendline and 50WMA

The trend line since 2023 is under threat, together with the 50WMA. The last time this happened, meaning the 50WMA was broken, from 2022 to 2023 exactly, the Nasdaq lost 40% that year. This time it'll be worse, because there is no reverse repo liquidity to cushion the blow now.

If a Nasdaq selloff starts a margin call chain, things will get rough. For silver too, and even gold, but gold will be the least rough and the ratios of the bubble assets and other commodities relative to gold will rocket higher. In other words, gold's dollar price could get hit, but the price of anything but the dollar relative to gold will rise fast.

Europe is Approaching another Sovereign Debt Crisis Flare-Up

Interest rates are rising throughout Europe. Focus in the MSM is centering around Germany but it's France that's probably in the most dire straits here.

From TradingEconomics (my bold):

"The yield on France's 10-year government bond surged to nearly 3.6%, marking its highest level since April 2011, after a deal between Germany’s CDU/CSU and SPD to ease the country’s debt brake raised optimism about Europe’s growth prospects."

It's sad and funny how these publications reframe the most dire of financial signals into positive sounding nonsense. The rise in interest rates is not optimism about Europe's growth prospects. It's lack of confidence over Europe's ability to service its debt burden, which is why investors are demanding higher rates on it. The inability to service a debt burden will lead to a fall in the Euro's purchasing power, which means prices will rise across the board, and this will make it seem like Europe is "growing" but really it's just approaching hyperinflation. They pretend to filter out "inflation" from GDP calculations, but you can't actually do this in practice.

Japan's 10Y Yield also seems to be spiraling higher now.

It has hit 1.6%, and once we pass 2% it's nothing but air up there. Here's the long term view: