This is a weekly digest of unassociated pictures (graphs mostly) I saw during the week. Not much context is given.
For daily digests: https://no1sdailydigest.substack.com/archive
China's gold vs Treasury holdings:
Gold overtakes US Treasuries as the biggest central bank reserve asset:
PBOC monthly gold purchases, 2026:
Gold ETF flows by region:
Monthly spot-gold ETF flows — the FOMO arrives late, as always:
Net 16% of fund managers say gold is undervalued, most since March 2023:
GLD call minus put open interest:
COMEX gold open interest:
Shanghai premium over LBMA, now a discount:
US monetary base per capita vs gold ($16,154 at 100% coverage):
Miners vs the metal this month: Agnico +46.8%, gold +13.5%:
GDX +27.8% vs gold +11.2% over 30 days:
HUI monthly candle: +39.8%. Are we writing history here?
Gold & silver miners breaking out versus SPX:
Silver historical yearly chart (end game target $275):
LBMA silver split into ETFs and free float:
SGE silver inventory, metric tons:
Silver stocks, weekly performance by subcategory:
Gold/silver ratio, 2-week — looks ready to fall apart:
30-year Treasury yield: 5.27%, highest weekly close since June 2007 🚀:
US 30-year bond auction yield, highest since 2001:
US, Germany, Japan and UK 30-year yields:
Long-bond yields erase the whole buyback drop in two days:
Securities held in custody for foreign accounts at the Fed (cherry-picked!):
Foreign official demand for US T-bills:
Hedge fund short positions in US Treasury futures:
US public debt outstanding: $40 trillion:
August coupon payment to bondholders: $85 billion, a record:
US Treasury interest payment projections ($1.7T a year at stable rates):
US federal debt increase by president:
US inflation then vs now, 1967-1983 laid over today:
US margin debt: -$85B in July, largest monthly drop on record:
30-year mortgage rate: 6.72%, highest in over a year:
Dollar index slips under its 200-day:
EM currencies at a fresh all-time high:
Yuan at its strongest against the dollar since January 2023:
Top 1% now hold more wealth than the entire middle class:
What $100 from 2019 is worth today, by country:
US beef and veal imports, a record — ground beef at $6.89/lb:
Private credit loans marked non-accrual, highest since 2017:
US defense spending vs big tech capex:
Diesel crack spread past $100/bbl for the first time in history:
ICE Europe gasoil into Amsterdam-Rotterdam-Antwerp:
Diesel/gasoil loadings from the Middle East and Russia:
Strategic Petroleum Reserve, lowest since 1982:
Price increases since the Iran war started: sulfur +145%, EU natgas +95%:
China's crude processing: -18% YoY, lowest since Covid:
Commodity total returns since the 24 June low:
US federal debt increase by president:
ffs, at least they should have normalized by % increase, or GDP or something. The raw $ amount is next to meaningless.
"He's probably thinking..." lol