China’s Gold Hoard

China isn’t just a near-term competitor to the United States in the AI race.

China puts the ‘C’ in BRICS. A leading group of countries uniting to avoid dependence on the U.S. dollar – as well as the U.S.-backed SWIFT payments system.

It’s no surprise that China has been stockpiling gold. What is surprising? The current rate at which they are:

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After years of speculation, China is being more transparent about the size of its gold holdings
(Source: Steno Research)

Gold holdings are soaring in China, and China’s central bank is one of many that continue to accumulate the metal, regardless of its dollar price.

In overnight trading, the Shanghai market drove gold over $3,600. Gold has more than doubled in three years.

All things remaining equal, the gold trend higher is just getting started.

~ Addison

P.S. from gold to crypto: Grey Swan Live! returns this afternoon at 2 p.m. ET with Ian King.

Ian’s hot on an upcoming event that he forecasts will trigger a new crypto boom, sending the market cap of the space to $8.5 trillion by 2030.

We’ll be looking at his latest moves in the cryptocurrency market – including the rise of Ethereum as the rally in bitcoin takes a pause. What’s it all mean? And where do we stand regarding President Trump’s plans for a Strategic Bitcoin Reserve?

All that and more. Ian will also cover his list of the top token opportunities in the cryptocurrency space as this asset class continues to push higher and gain regulatory guidance.

Remember the new time!

Grey Swan Live! with Ian King will begin at 2 p.m. ET/11 a.m. PT today.

If you have any questions for us about the market, send them our way now to: feedback@greyswanfraternity.com.

China isn’t just a near-term competitor to the United States in the AI race.

China puts the ‘C’ in BRICS. A leading group of countries uniting to avoid dependence on the U.S. dollar – as well as the U.S.-backed SWIFT payments system.

It’s no surprise that China has been stockpiling gold. What is surprising? The current rate at which they are:

Turn Your Images On

After years of speculation, China is being more transparent about the size of its gold holdings
(Source: Steno Research)

Gold holdings are soaring in China, and China’s central bank is one of many that continue to accumulate the metal, regardless of its dollar price.

In overnight trading, the Shanghai market drove gold over $3,600. Gold has more than doubled in three years.

All things remaining equal, the gold trend higher is just getting started.

~ Addison

P.S. from gold to crypto: Grey Swan Live! returns this afternoon at 2 p.m. ET with Ian King.

Ian’s hot on an upcoming event that he forecasts will trigger a new crypto boom, sending the market cap of the space to $8.5 trillion by 2030.

All that and more. Ian will also cover his list of the top token opportunities in the cryptocurrency space as this asset class continues to push higher and gain regulatory guidance.

Remember the new time!

Grey Swan Live! with Ian King will begin at 2 p.m. ET/11 a.m. PT today.

If you have any questions for us about the market, send them our way now to: feedback@greyswanfraternity.com.

Regardless of anyone’s personal opinion on Trump, it’s clear that the international community is translating his “Putting America First” agenda as something more like “Every Man for Himself.” That could have a profound impact down the line, not just for our future trade prospects, but for the health of the economy and the U.S. dollar at large (which is still the world’s dominant reserve currency, for now).

At the same time, this is all very bullish for gold, as central banks are likely to continue buying for years to come. In this kind of situation, gold hitting $4,300 and continuing to rise higher was a foregone conclusion, and it’s clear that Trump’s agenda is locked in and unlikely to change.

Shares of regional banks and even investment bank Jefferies were hammered Thursday after fresh revelations from Zions Bancorporation and Western Alliance Bancorp.

Zions dropped more than 13%, Western Alliance fell 10%, and the SPDR S&P Regional Banking ETF (KRE) plunged over 6%, with all but one member ending the session in the red. It’s not the size of the losses — it’s the pattern that’s unsettling, in what are ongoing ripple effects from the banking crisis that rocked regional banks in early 2023.

Yesterday, Zions Bancorporation and Western Alliance Bank dropped 13% and 10% respectively, dragging the S&P 500 down with them.

In pre-market trade this morning, the broader banking sector also got whacked. JP Morgan was down 1.5%, while Citi fell 1.9% and Bank of America was down 2.9%. In Europe, meanwhile, the regional Stoxx Banking Index fell almost 3%.

The Federal Reserve stopped tracking “unrealized losses” at regional banks in 2022. But occasionally, a snippet of data will come to light, like this piece from the FDIC earlier this year.

History’s “golden” rule will soon apply again.

Shares of regional banks and even investment bank Jefferies were hammered Thursday after fresh revelations from Zions Bancorporation and Western Alliance Bancorp.

Yesterday, Zions Bancorporation and Western Alliance Bank dropped 13% and 10% respectively, dragging the S&P 500 down with them.

The Federal Reserve stopped tracking “unrealized losses” at regional banks in 2022. But occasionally, a snippet of data will come to light, like this piece from the FDIC earlier this year.

History’s “golden” rule will soon apply again.