Silver Is Knocking on the Door of a Major Breakout While Global Bond Yields Rise and Monetary Stress Continues to Build

Why Is Nobody Connecting South Korea's Market Meltdown to Japan's Exploding Bond Yields?

Most people see a Korean stock-market collapse. A macro investor should ask: Who financed the positions that are now being liquidated?

The Fed Opened a Dollar Lifeline to Japan, South Korea's Market Is Down Nearly 40%, and Gold's Symmetrical Triangle Is Almost Out of Room

Japan needs liquidity. America needs Japan not to dump Treasuries. The Fed creates a bridge allowing both sides to postpone the collision.

The market just took control away from the Fed.

The Fed held its policy rate steady, but the 30-year Treasury yield still surged to roughly 5.27%—its highest level since 2007. That is extraordinary because the central bank did not tighten, yet long-term borrowing conditions tightened anyway.

The Bond Market Is Rejecting Cheap Money, Japan Is Defending the Yen, U.S. Debt Just Hit $39.7 Trillion, and the World's Reserve System Is Being Quietly Repriced

While the U.S. 30-Year Treasury Yield Reached 5.23%, China Imported 163 Tonnes of Gold, Central Banks Bought the Dip, and the First Cracks in the Global Liquidity Cycle Kept Widening

The Treasury Bought Back $2 Billion of Debt, China Opened a New Front in the Battle for Dollar Capital, and One of the World's Most Leveraged Markets Continues To Crack

Global Liquidity Is Beginning to Crack: South Korea Is Down 38% From Its Peak, Oil Keeps Climbing, and the Probability of a Surprise Fed Rate Hike Is Rising

Japan's Currency Crisis Deepens, Global Bond Markets Reach Their Highest Borrowing Costs Since 2008, and Physical Silver Keeps Sending a Different Signal Than Paper Markets

The 1974 Embassy Cable Discussed How Futures Would Discourage Physical Gold Ownership—Today's Paper Market Is Estimated at 133:1 for Gold and 408:1 for Silver

Investment-Grade Bond Funds Suffer a Record $7.1 Billion Weekly Outflow, Gold Traders Added Thousands of $5,500–$8,000 Calls, and China's Retail Paper Gold Trading Just Ended

Japan's Carry Trade Is Under Pressure, China's Gold Market Is Becoming More Physical, Official Gold Holdings Reach Record Levels, and Markets Keep Pricing Extreme Monetary Outcomes