🚨 THIS DOESN’T FEEL LIKE A NORMAL CRISIS IT FEELS LIKE CONFIDENCE IS BREAKING
Let me slow this down, because this is important.
I’m not trying to scare you.
But I also can’t pretend this is “just another cycle.”
Gold just hit a new all-time high near $5,097.
Silver ran to $109.81, including a 7% move in a single day.
That kind of move doesn’t come from excitement.
It comes from unease.
What this price action actually feels like:
When gold and silver move this hard,
people aren’t buying because they want upside.
They’re buying because they don’t feel safe holding other things.
That’s what de-risking looks like in real time.
Silver especially tells the story it doesn’t usually move first unless stress is real and spreading.
The physical market is where the fear shows up:
In China, one ounce of physical silver costs over $134.
In Japan, it’s closer to $139.
That gap between paper and physical
isn’t about premiums or logistics anymore.
It’s about trust.
People want something they can hold,
not something that depends on a promise.
Why this gets messy before it gets clearer:
When markets start to wobble,
big players don’t rotate neatly.
They’re forced to sell what they can
to cover losses where they must.
That creates:
sudden drops forced liquidations sharp, confusing moves It often looks like chaos right before the next leg higher.
And here’s the part that feels like a trap:
The Fed doesn’t have an easy choice.
If rates get cut to support stocks,
the dollar weakens and gold moves even higher.
If rates stay high to defend the dollar,
equities and real estate take the hit.
Either way, something breaks.
There isn’t a comfortable path out of this.
This doesn’t feel like “just a recession” anymore.
It feels like a moment where confidence in the system is being tested.
Weeks like this don’t feel dramatic at first.
They feel confusing, tense, and uncomfortable.
They only get labeled after the fact.
I’ll keep sharing what I see as this unfolds not to create fear, but to stay honest about the environment we’re in.
