The Real Vision Daily Briefing That Positioning

Gold and silver have held up pretty well so the whole narrative basically has flipped right. M2 is negative for the first time this is the first time ever like my chart only goes back to 2010 but M2 doesn't usually go negative. Silver can be anything you want it to be in a way because there's like EV component and when growth is good people do consume what companies consume more silver for cars or stuff like that. I think now that the price has kind of broken off into two different directions, one being speculative money which we used to call "hot money fast money" The other was real rates suggested inflation against 10 year real rates  suggesting interest rates would rise with gold