Weekend thoughts

Guess foreign governments don't want USDs anymore?

AI datacenter borrowing (still reasonable in my opinion, even though it looks like it’s exploding):

call option volume - put option volume: majority seems to be very bullish.

SOFR rate is collapsing (means more liquidity):

SOFR less IOR:

Because of the collapse in the USD, gold has become the largest official holding at market price:

I’m starting to get interested in oil — there’s a “glut” right? RIGHT?

The BIG cycle (Ray Dalio):

Uncanny resemblance!

More pain ahead for BTC?

BTC: weekly close above the 50MA. The show goes on!

Gold ETF flows:

Any great power that spends more on debt than on defense won’t be a great power much longer:

Worth it?

I don’t like this one (gold bouncing of it’s mid-channel support):

Or maybe it’s this kind of channel:

Gold vs Oil (oil is starting to look interesting):

25y S&P / gold ratio

GSR:

Oracle debt:

US power needed for the AI revolution (around 44 nuclear power plants) - in 3 years:

Change in electricity generation:

This is going to be fun!

Truth:

This is how much it would take to fund the AI cycle:

Looking precarious:

Something broke the correlation in August (Nasdaq vs Crypto):

2026 is going to be glorious if past is prologue:

Hopeful trajectory: consolidation and gaining power for the next move.

Silver triangle:

Woops

“Line in the sand”:

BTC/Gold:

gold outperforms (in general) 60% bitcoin when this happens

Emerging markets Vs US stocks (rotate into EM for outperformance over the next decade)

Small tech decisively broke down:

Gold Vs stock market.

Not many shorts around:

Markets down, bonds down, everything for sale… this is bad!

Hindenburg Omen signals

Oil/S&P:

DXY (dollar index) looking like breaking down:

Adding clarity to my chart: