Another Bell Ringing

You can bet on nearly anything on Polymarket. One bet is that Elon Musk, current net worth $775 billion, will add the other $225 billion and become the world’s first trillionaire.

Betting market odds now overwhelmingly see it happening this year:

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Elon Musk’s odds of becoming the world’s first trillionaire soar following the Spacex/xAI merger news. (Source: Polymarket)

The big jump occurred ahead of a potential IPO for SpaceX – which now has the twist of its merger with Musk’s xAI.

During the dotcom boom, the AOL/TimeWarner merger marked a near-perfect peak for tech stocks. AI investors should be wary about this merger and potential public IPO later this year.

But we’re not there yet! Still plenty of room for the crack-up to boom in this terrifying bull.

~ Addison

P.S. Markets appear concerned about Kevin Warsh, President Trump’s pick for the next Fed Chair. Warsh is a sound money advocate who would like to see the central bank’s balance sheet reduced. A great goal, but it would also require a more austere fiscal policy.

That’s led to some whipsaw moves in gold and silver. Gold is back over $5,000 per ounce this morning. Silver has reclaimed $90. Bitcoin, in the meantime, has slid to a fresh one-year low.

We’ll be speaking with our crypto expert Mark Jeftovic on Grey Swan Live! tomorrow at a special time, 3 PM, to look at how events are unfolding and where the next opportunities are.

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If you have requests for new guests you’d like to see join us for Grey Swan Live!, or have any questions for our guests, send them here.

You can bet on nearly anything on Polymarket. One bet is that Elon Musk, current net worth $775 billion, will add the other $225 billion and become the world’s first trillionaire.

Betting market odds now overwhelmingly see it happening this year:

Turn Your Images On

Elon Musk’s odds of becoming the world’s first trillionaire soar following the Spacex/xAI merger news. (Source: Polymarket)

The big jump occurred ahead of a potential IPO for SpaceX – which now has the twist of its merger with Musk’s xAI.

During the dotcom boom, the AOL/TimeWarner merger marked a near-perfect peak for tech stocks. AI investors should be wary about this merger and potential public IPO later this year.

But we’re not there yet! Still plenty of room for the crack-up to boom in this terrifying bull.

~ Addison

That’s led to some whipsaw moves in gold and silver. Gold is back over $5,000 per ounce this morning. Silver has reclaimed $90. Bitcoin, in the meantime, has slid to a fresh one-year low.

We’ll be speaking with our crypto expert Mark Jeftovic on Grey Swan Live! tomorrow at a special time, 3 PM, to look at how events are unfolding and where the next opportunities are.

Turn Your Images On

If you have requests for new guests you’d like to see join us for Grey Swan Live!, or have any questions for our guests, send them here.

In Singapore, Bloomberg reported that retail buyers crowded United Overseas Bank, the city’s only bank selling physical gold, until customers without pre-orders were turned away.

In Sydney, lines stretched into the street outside ABC Bullion after Friday’s selloff. Thai investors held existing positions instead of selling into weakness. In China’s Shuibei district, ahead of the Lunar New Year, buyers stepped in, and local prices held premiums over exchange benchmarks.

“It’s still a buying market,” said Globlex Securities CEO Thanapisal Koohapremkit. Quiet accumulation doesn’t announce itself. It just keeps happening.

AI tools are incredibly useful and AI stocks remain richly valued. Yes.

New tech will also create new, productive and higher paying jobs. Ones we haven’t even dreamed up yet.

In the meantime, the jobs market is being measured by the tools needed to calculate the economy without knowing what the new jobs will be.

For months, speculation swirled like chimney smoke in a snowstorm. Would Trump tap a dove? A loyalist? A Wall Street man in a red hat? Warsh checks none of those boxes — and all of them.

He’s a former Fed governor, a Goldman alum, and a card-carrying skeptic of central bank omnipotence.

He’s said, “The Fed is not independent from government. It is independent within government,” which sounds like something out of a fortune cookie written by Hayek.

He doesn’t want the Fed playing God, and he’s not keen on printing money to mop up Congress’s mess. He believes in limits. In credibility. In consequences.

Corporate insiders began ringing the cash register just as the S&P 500 touched 7,000. Given that the market is up over 40% from last April’s “Liberation Day” lows, a modicum of profit-taking is wise.