Gold hasn't even touched its daily support line from October 2025

In fact, gold price could fall under $4300 and still be above that support (green line on the chart).

This discounts all theories suggesting a long-term top at current price levels. Gold's price action clearly suggests the continuation of the uptrend into 2026.

This dip is a buying opportunity

Silver didn't even break its 4 hour trend support on the pullback and many are already calling that it has topped for the cycle 😂

M2 Money Supply Is A Bad Measure of Global Liquidity

If you're using M2/M3 as a measure of global liquidity, you're under accounting for at least half of "global money supply".

Here's some USD-centric data:

➖ U.S. M2 supply: ≈$23T
➖ U.S. Money Market Funds: ≈$8T
➖ U.S. Repo Markets: ≈$13T

These are USD/U.S. focused figures, so they don't account for global liquidity per se (e.g. PBoC's balance sheet is larger than Fed's), but they do show how M2 falls short of being an accurate proxy for the measure of global monetary/currency supply.

I've written several articles on global liquidity and how to measure it. You can read them free of cost in the threads section of my website.

Silver is up ≈193% in 2025, but it only takes a ≈16% pullback for large finance accounts on X to suggest it has topped 😄

No, it's not the top for Silver yet and it's not hitting $50 this week

The current pullback in the price of silver & silver miners is a buying opportunity