I am really worried that we are being fed propaganda about the health of the economy. The words are saying how great it is and the numbers are refuting the claims.
Here is an article from Greg Mannarino. It is a great idea to follow his work.
A. Credit stress. Junk-bond spreads are widening. Bond ETFs (HYG/LQD/TLT) trading below their NAV, (NAV = Net Asset Value per share). This is a signal that liquidity is drying up. (When junk bond spreads widen, it indicates that investors are becoming more risk-averse and concerned about the economy’s health. Investors demand a larger premium to hold the debt).
B. Funding strain. Heavier use of Fed backstops (SRF/RRP)… Standing and Reverse Repo Facilities.
C. US Treasury auctions. Weak bid-to-cover now leaving the Fed as the “buyer of last resort.” The USA can no longer even fund itself.
D. Regional banks merging. This is a clear sign that the system is consolidating.
Why It’s Worsening Faster
A). More debt = higher interest cost. So rates must be artificially suppressed and the currency must weaken further… each new dollar of debt buys less growth but more interest, therefore compounding systemic strain.
B). Debt and deficits are ballooning faster… constant debt issuance rising exponentially. Without this mechanism the entire system locks-up.
C). Policy dependence on easy money. The same fuel pushing the market higher is wiping out the economy. (Currency devaluation, artificially suppressed rates, debt expansion).
D). Financialization WAY OUT PACING production. Vast debt expansion has not increased production, IN FACT, production is dropping. (Today despite planetary debt expansion, here in the US the entire manufacturing sector is in contraction)… and the real economy is weakening faster.
More “government” intervention is now required (to keep the illusion).
A). Yield damping… rate cuts, balance-sheet reinvestments, buybacks, and Fed standing REPO facilities are doing NOTHING for the economy… instead they are being used to prop up the stock market at the expense of the economy!
B). MORE Emergency programs are already on standby. Expanded Fed repo programs, “temporary” programs that quietly become the permanent.
C). Narrative management/propaganda talk from politicians. “The economy has never been so strong.” “We have never seen such economic strength.” “The world is envious of our fantastic economy.” ETC…
D). More power concentrated in fewer and fewer hands. Financial giants (JPM, BofA, Citi, Wells, US Bank, PNC) absorbing regionals/failed banks for pennies on the dollar.
“The Big Three” asset managers… BlackRock, Vanguard, State Street. are now the top-3 shareholders in thousands of public companies. These three Power Brokers have MASSIVE political clout, and therefore steer public policy.
It’s these same “Big Three,” BlackRock, Vanguard, State Street, which collectively control more cash than the GDP of most nations ON EARTH.
(This gives THE BIG THREE global influence over public policy being executed by ‘public” servants/politicians).
- BlackRock. Scale: $12T+ assets under management.
- Vanguard. Scale: 9T assets under management.
- State Street. Scale: $4T assets under management.
Greg Mannarino’s posts are superb.
As long as the interest rates stay down and the bond markets hold, the likelihood of a stock market failure remains remote. A movement into metals and commodities is probably a good way to shield against a crashing market.
PLATINUM
BUY: (21 September 2025). The spike in the Platinum price has been spectacular. We caught it at $1400.00 we don’t have a sell yet, but it is looking overbought and is losing momentum.
URANIUM
BUY: (22 August 2025) URA. Some indicators are pointing up. It looks overbought on the stochastic. OBV is holding up, delaying an imminent sell signal. I would watch carefully, it looks due for a correction.
BITCOIN AND GOLD
BUY Gold versus Bitcoin (06 October 2025). Gold outperforms Bitcoin.
ETHUSD: BUY: (02 October 2025).
BTCUSD: BUY: 30 September 2025. NASDAQ (Cyan). Appears to be running out of steam. No sell signals yet.
GOLD AND SILVER STOCKS
26 September 2025 Gold outperforms gold stocks. Indicators positive but ratio not showing the change yet.
Silver outperforms silver stocks (18 September 2025). Looking overbought but no change indicated yet.
GOLD AND SILVER
Gold and silver have behaved beautifully over the past seven weeks. Looking at the weekly charts, it would not be unlikely that they take a rest in the near future.
Silver to Gold Ratio
Silver outperforming Gold. Signal given (18 September) When we think that silver is coming out of the ground at about 8:1 and the Gold: Silver ratio is 82.82 something is way out of kilter. Silver is an astounding buy at this time or gold is in for an extremely heavy correction. This ratio is about to go higher, almost there.
GOLD TO USD
Gold way outperforms USD, (25 August 2025). Showing signs of being overbought but holding well.
A LOOK AT THE GOLD AND SILVER CHARTS
| Today | Last Week | |
|---|---|---|
| Gold Price | $4,020.00 | $3,878.00 |
| Silver Price | $49.89 | $47.52 |
| Gold:Silver ratio | 82.20:1 | 81.62:1 |
| Gold Miners bullish percent index | 100.00 | 100.00 |
| Dollar Index | 98.74 | 97.55 |
| Dow:Gold Ratio (BahaUS $46.606.00 Gold price, $4,039.00) | 11.53 | 12.37 |
| Current USA inflation rate (Dept. of Statistics) | 2.9% | 2.7% |
Gold’s low of the week was $3,883.00, and the high was $4,059.00, now trading at around $4,025.00.
- Gold Monthly: is a hold. We bought in at $1,800.00 in October 2023. Looking overbought, but it can hold that situation for a while. No sell signal yet. (Chart below).
- Gold Weekly: (BUY 25 August 2025) Looking good. Overbought. No sell signals yet.
- Gold Daily: (BUY 25 August 2025). Looking overbought but can stay there for a while. Rate of change is soaring.
The low for Silver this week was $47.32, and the high $51.24, trading around $50.32 at present.
- Silver Monthly: Hold. (Buy: $24.00 March 2024). Looking overbought. ( Chart below). No sell signal yet.
- Silver Weekly: (BUY: 25 August 2025). Slightly overbought but still positive indicators.
- Silver Daily: BUY (25 August 2025). Looking overbought. Silver has given a spike high but not a sell yet. This formation must be confirmed in the next day or so.
Our partner has stock of both gold, silver and Goldbacks in our vaults available in Panama. Please contact us for more information.
A video by Mike Adams on the Goldbacks.
Well worth a look!
On the Stockcharts.com charts, the blue vertical lines are our proprietary system buy signals and the red vertical lines are system sell signals – for information purposes only
An interview with Josh, owner of Scottsdale Mint:
Please contact us to arrange the purchase and storage of your gold and silver requirements in a safe, insured location outside of your jurisdiction.
If you are interested in an overview of Fort Kobbe, you may want to have a look at this video: Mike Brown, Director, Fort Kobbe, International Vaults, A DotCom Magazine Exclusive Interview
This is my interpretation of the market and is not to be taken as financial advice. Before making any buy or sell decisions I recommend that you consult with your professional financial advisor.
RECENT COMMENTS