Monetary Conditions in Focus…

Just beating on the table again, declining gold and silver are positive for stocks. What I see here occurring is that the equal dollar weighted index of four components which we monitor and which I talk a lot about at times, (long Russell + long Bonds + Short Gold + Short Silver) made a new high today versus the important March 26, 2026 level. AI and tech are good but there is a bigger picture out there. Interest rates are in a workable zone at these levels.