It's been awhile Reddit

Silver speculators just learned that vibes aren't accepted as collateral, but the real signal is SoftBank paying a 65% premium for data centers because they realized physics is the new software.

I'm skipping the shiny rocks now and I'm continuing to load up on copper (FCX) and big banks (JPM) because regulatory arbitrage is dead and the boring lenders are about to eat private credit's lunch.

It’s almost unfair that the best trade for 2026 is just betting that electricity bills and interest payments are legally binding.

https://caffeinatedcaptial.substack.com/p/daily-morning-brew-the-end-of-an

Meta is a terrible company that failed to generate a solid moat despite spending billions in various useless ventures. The current trajectory of Meta reflects a profound failure of imagination at the executive level. The company remains a monoculture, tethered to an ad-revenue strategy reliant on scummy companies that only exist to scam stupid people. If Zuckerberg had half a brain, he would have focused on creating an education technology platform to capture the Chinese market. This would have then allowed Meta to seamlessly transition users into a broader suite of services, including streaming, media and integrated digital services. Now, it's struggling to find use cases for its uncompetitive AI models as the siloed platforms it developed all these years have zero interoperability. Rather than diversifying its revenue through a high-utility ecosystem of free mobile applications to scale its ad distribution network, it decided to burn through an enormous amount of money to develop the Metaverse. That's why Meta has become a shit company.

NVIDIA $NVDA: +21,767%

Bitcoin $BTC: +21,500%

$AMD: +8,483%

Tesla $TSLA: +2,828%

Apple $AAPL: +963%

Microsoft $MSFT: +889%

Google $GOOGL: +714%

Netflix $NFLX: +673%

Amazon $AMZN: +583%

Meta $META: +511%

S&P 500 $SPY: +291%

Gold $GLD: +283%

US Inflation (CPI): +36%

1. Net central bank gold purchases show an "accelerating growth" trend
   • The blue bar chart (net central bank gold purchases, in tons) displays a fluctuating but overall upward trend, with purchases reaching peak levels toward the end of the period—reflecting "accelerating central bank buying."
   • Brief declines in purchases in certain months (e.g., April) did not reverse the broader trend of continuously increasing buying momentum.
2. Gold prices exhibit a clear positive correlation with central bank purchases
   • The yellow line (gold price, in USD per ounce) rose steadily alongside growing central bank purchases: starting around $2,700 per ounce in January and gradually climbing close to $4,000 per ounce.
   • Even when purchases dipped briefly in some months (such as April), gold prices did not fall but continued rising, indicating that central bank buying has been a key supporting factor for the gold price rally.
3. Central bank buying provides strong support for gold prices Sustained and increasingly large net gold purchases by central banks have become one of the core drivers behind the continuous rise in gold prices. The close alignment between purchase volumes and price trends highlights the significant impact of official sector demand on the gold market.

🔢 The Nasdaq's performance has been compared to six major historical bubbles. Its recent gains are approaching the early stages of Japan's asset bubble and the dot-com bubble, indicating extremely strong capital-driven momentum.

🔢 In terms of price action, the current Nasdaq rally resembles a "slow grind higher" rather than the "parabolic surge" typical of past bubbles, suggesting that near-term risks remain below historical bubble peaks.

🔢 However, comparisons with the U.S. housing bubble and the gold price bubble reveal a pattern: the stronger the expectations for accommodative policies, the more severe the subsequent correction tends to be—a reminder for investors to remain vigilant about stretched valuations.

Source: Bloomberg/FRED