GSI Banner
  • Free Access
  • Contributors
  • Membership Levels
  • Video
  • Origins
  • Sponsors
  • My Account
  • Sign In
  • Join Now

  • Free Access
  • Contributors
  • Membership Levels
  • Video
  • Origins
  • Sponsors
  • Contact

© 2026 Grey Swan Investment Fraternity

  • Cookie Policy
  • Privacy Policy
  • Terms & Conditions
  • Do Not Sell or Share My Personal Information
  • Whitelist Us
Ripple Effect

The Bull Market Turns Four

Loading ...Addison Wiggin

October 14, 2025 • 1 minute, 18 second read


Bull Market

The Bull Market Turns Four

The last real bear market – excluding the Liberation Day selloff earlier this year – ended in mid-October 2022.

The stock market is now completing the third year of a bull market run, and going into a fourth year.

Here’s how the current rally stacks up with the first three years of historic bull markets:

Turn Your Images On

After three years, the current bull market is stronger than average (Source: Carson)

Our current bull market is stronger than average, coinciding with the retail rollout of ChatGPT.

In year four, we could expect smooth sailing – except this year we’re in the early stages of a terrifying bull market, driven by investors getting out of a weak dollar, not anything fundamentally sound in stocks.

For now, the bulls are clearly in control. And, as we saw yesterday, investors are likely to lap up stocks and other risk-on assets on every dip.

~ Addison

 

P.S. Our latest research with Ian King regarding Dollar 2.0, which we filmed last Tuesday, will be released on October 16 in a special edition of Grey Swan Live!

The next regulatory environment for stablecoins favors three companies. We expect they will dominate the new monetary system as Trump guides digital assets into the mainstream.Our estimate? $20 trillion dollars will migrate to these platforms. That’s a Grey Swan event, if there ever was one.

Keep your eyes peeled this Thursday.

For an email reminder to receive our Dollar 2.0 research, please add your info here.

Turn Your Images On

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


A Look at Precious Metals As Prices Soar

January 14, 2026 • Shad Marquitz

Let’s peel back the layers of this precious metals bull market by analyzing the pricing action on the charts, which contains ALL the buying and selling.

Most people love a good narrative, and they use these stories to either reinforce their biased views or to explain away price action that they don’t agree with.

They are just stories, though, even if there are elements of truth embedded within them. We can utilize charts to remove this biased narrative and noise.

Over the longer term, the pricing that populates charts truly incorporates the total buying and selling from all central banks, financial institutions, ETFs, hedge funds, whale investors, and the rest of the retail investors.

A Look at Precious Metals As Prices Soar
The Empire As Junkyard Dog

January 14, 2026 • Addison Wiggin

Yesterday’s CPI showed prices still ticking up—2.7% year-over-year, right in line with expectations.

Wall Street expects at least two rate cuts in 2026. At the same time, global central banks — led by China and Russia — continue buying gold to reduce their reliance on the dollar. Combine this with supply chain reshoring and increasing geopolitical tensions, and metals have emerged as both a hedge and a haven.

Between a precious metals rally catching the attention of outlets as lilywhite as Bloomberg and the Trump administration’s 2026 focus on critical minerals and domestic production, there’s a lot to unearth in the natural resource sector.

The Empire As Junkyard Dog
Affordability, Meet Reflation

January 14, 2026 • Addison Wiggin

Today’s chart of inflation reflects an eerily similar path to the 1970s. The last CPI reading ticked back up 2.7%. If prices today continue to track those of the 1970s, the next wave of inflation could see prices rise higher and faster than during the 2021/2022 bout.

Yesterday, gold notched another new record high of $4647. Its slimmer, svelte cousin, silver, set a new historic high of $92. Both monetary metals are reflecting the market fear that once inflation gets started, it’s very difficult to contain.

Affordability, Meet Reflation
The Grand Realignment Gets Personal

January 13, 2026 • Addison Wiggin

Sunday night, Powell addressed the probe head-on in a video post — a rarity. He accused the White House of using cost overruns in the Fed’s HQ renovation as a pretext for political interference.

The White House denied involvement. But few in Washington believed it.

What followed was bipartisan condemnation of the investigation. Greenspan, Bernanke, and Yellen co-signed a blistering rebuke, warning the U.S. was starting to resemble “emerging markets with weak institutions.”

The Grand Realignment Gets Personal