Gold Continues to Shine! Fiat Discount Continues

Subscriber Data Oct8 2025

Good evening guys, we just wanted to get a quick note out here with some updates on the Futures Market Sentiment sheet for our subscribers and the noted changes this week. First we wanted to share this post by Geiger Capital on X and it highlights just how potent the move in Gold has been over the last 5 years, that not even the high flying Nasdaq can compete as gold is +112% vs 98% for the Nasdaq!

We also wanted show you just how far the leverage has become as the US stock market cap is now greater than 300% that of M2 money supply. Yes we know traditional metrics don’t mean much but this is a measure of money supply vs how far the leverage has gone historically to achieve such valuations. Let’s just say we are in unprecedented times!

So thinking of these lofty heights, and knowing all the Ai FOMO going on, this latest graphic from Bloomberg has us thinking all of these big numbers are a bit too Enronesque for our taste. Honestly are we supposed to believe that our current monetary system will disburse this kind of expectation of capital without first exposing the true reality for what it is, which is nothing more than a self fulfilling concentrated and coordinated fiat effort to justify value by any means. It kind of reminds us of the old adage, that is if everyone is moving at the same speed, how do you know your even moving at all? Eventually the music stops and the chase ends and the tide rolls out…Ai will have this moment as well:

As far as the technical charts a lot of markets are at our resistance levels for the week:

10Y yields near the critical 4.09% level again:

Alright guys onto the subscriber only data section. We hope you consider checking out our work here as we know it will improve how you tackle your own investing and improve your mindset on how to analyze and assess overall market moves. We cover a lot of different markets and we believe it is well worth the value! Subscribe and follow if you can, cheers.