đš THIS DOESNâT FEEL LIKE A NORMAL CRISIS IT FEELS LIKE CONFIDENCE IS BREAKING
Let me slow this down, because this is important.
Iâm not trying to scare you.
But I also canât pretend this is âjust another cycle.â
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 doesnât come from excitement.
It comes from unease.
What this price action actually feels like:
When gold and silver move this hard,
people arenât buying because they want upside.
Theyâre buying because they donât feel safe holding other things.
Thatâs what de-risking looks like in real time.
Silver especially tells the story it doesnât 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, itâs closer to $139.
That gap between paper and physical
isnât about premiums or logistics anymore.
Itâs 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 donât rotate neatly.
Theyâre 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 hereâs the part that feels like a trap:
The Fed doesnât 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 isnât a comfortable path out of this.
This doesnât feel like âjust a recessionâ anymore.
It feels like a moment where confidence in the system is being tested.
Weeks like this donât feel dramatic at first.
They feel confusing, tense, and uncomfortable.
They only get labeled after the fact.
Iâll keep sharing what I see as this unfolds not to create fear, but to stay honest about the environment weâre in.
