Housekeeping: Good Morning.
“The Reset is a Process, not an Event”
Today
Discussion: $3,300
Premium: The Beginning of Panic
Analysis:
Gold’s surge through $3,300 per ounce this morning and into record territory marks a break from the speculative spikes of the past. Unlike the 1980 rally—which faded with geopolitical resolution—this move is rooted in a broader structural shift. The core difference: global trust has eroded without a functioning mechanism for recovery.
Very serious and sensible people are pointing towards extraordinary outcomes now; Specifically, a diminishing of the dollar’s reserve status, and as a function thereof, a complete rebalancing by global banks from its current 58% weighting to as low as a 40% weighting which would necessitate an almost tripling of Gold reserves held by them
Continues in video…
Full analysis at bottom…
Featured:
Markets Recap:
Wall Street ended lower as trade uncertainty kept investors on edge despite upbeat banks earnings. Treasury yields dipped ahead of retail sales data and Powell's comments. The dollar gained, showing signs of recovery. Gold rose on safe-haven demand. Oil prices were steady as market considered latest US tariff changes.
Canada's main stock index rose as domestic inflation rate unexpectedly cooled, while prospects of automotive tariff exemptions further lifted investor sentiment. Toronto Stock Exchange's S&P/TSX Composite Index closed 0.84% higher at 24,067.93.
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Market News:
China orders airlines to suspend Boeing jet deliveries amid trade war, Bloomberg News reports.
Apple airlifted iPhones worth a record $2 billion from India in March as Trump tariffs loomed Apple's main India suppliers
AMD set to produce its CPU chip at TSMC plant in Arizona
OpenAI is working on X-like social media network, the Verge reports
These stories and more in premium…
Data on Deck: Retail Sales/ Housing
MONDAY, APRIL 14 6:00 pm Philadelphia Fed President Patrick Harker speaks 7:40 pm Atlanta Fed President Bostic speaks
TUESDAY, APRIL 15 8:30 am Import price index March 0.1% 0.4% 8:30 am Import price index minus fuel March -- 0.3% 8:30 am Empire State manufacturing survey April -10.0 -20.0
WEDNESDAY, APRIL 16 8:30 am U.S. retail sales March 1.2% 0.2% 8:30 am Retail sales minus autos March 0.4% 0.3% 9:15 am Industrial production March -0.2% 0.7% 9:15 am Capacity utilization March 77.9% 78.2% 10:00 am Business inventories Feb. 0.3% 0.3% 10:00 am Home builder confidence index April 38 39 12:00 pm Cleveland Fed President Hammack speaks
THURSDAY, APRIL 17 8:30 am Initial jobless claims April 12 -- 223,000 8:30 am Housing starts March 1.41 million 1.5 million 8:30 am Building permits March 1.46 million 1.46 million 8:30 am Philadelphia Fed manufacturing survey April 3.7 12.5
FRIDAY, APRIL 18 8:00 am San Francisco Fed President Mary Daly speaks1
Summary and Final Market Check
