Statutory Gold Revaluation Is A Long Shot, But An Audit Of Fort Knox Isn't

DOGE must send in The Brain.

Pinky and the Brain Audit Fort Knox

Breaking 70,000 Deliveries Today

We'll break the 70K contract deliveries today, and we are likely to break the all time high in gold bullion supplies in New York, which is just under 40Moz.

Initial Signs of Crack Up Boom?

We already have accelerating CPI, and now it appears we have an accelerant in the banking system. I'm not sure about this, but it may be an initial sign of a crack up boom forming. Total loans in bank credit are accelerating, which means the money multiplier is increasing. The black line below is the trend line since the beginning of 2024, and as you can see we have been accelerating since Trump took office.

This could be business optimism but I don't know where it's coming from. Tariffs are bad for business and consumer prices. Maybe it's just the general excitement of a businessman in the White House that isn't a brain dead zombie.

Reverse Repos Reach New Low