Key Marking Post…

Based on our Macro model the short gold / long bond trade is clicking in place. We have watched this trade develop for some time, since Sept 5th, while building a small tracking position.

This will be the catalyst for the start of the stock market bubble down the road.

Astonishingly the monetary aggregates stock market multiplier has been compressed by the gold market to the point where at this time they are near the low seen in April 2025, from which a 40 percent rally in the broad stock market began.