Market News & Insights
Analysis and commentary on precious metals markets and our Fear & Greed indicator
You Asked for It: Natural Gas Fear & Greed Is Live
The most-requested indicator we've ever shipped is here. A 0β100 contrarian score for Henry Hub natural gas β calibrated against every major cycle since 1990. And right now, it's telling us something interesting.

Natgas Just Cracked to Extreme Fear at $2.50. The Last Two Times That Happened With the Fed on Pause, It Was 2008 or 2019.
Henry Hub crashed from $7 to $2.50 while the Bullion Fear & Greed for natural gas hit 6.1 β below the 5th percentile of all history. The setup has two clean analogs. One produced a 5x. One produced a year of pain. But this time gas is already $1.40 below where the analogs started β the crash has already happened.

The End of the Exorbitant Privilege: Why Physical Bullion Has Never Looked This Good
The Fed isn't fighting fires anymore β it's the arsonist. From 7.55% CRE delinquencies to halted private credit redemptions and de-dollarization in real time, the case for physical gold isn't theoretical. Here's what the cracks look like in numbers.

Poland Just Hit 580 Tonnes of Gold β And They're Not Done
Poland's central bank announced it now holds 580 tonnes of gold β a +132 tonne increase in twelve months, making it the world's top buyer. Their target? 700 tonnes. Here's what this means for gold.

How to Spot a Blow-Off Top Before the Crash: A Complete Guide
January 30th wasn't a black swanβevery indicator was flashing red. This complete guide shows you exactly how to spot the next blow-off top using RSI, sentiment, the Gold/Silver ratio, and historical patterns from 1980 and 2011.

Are Gold Miners Halfway Through a Supercycle β Or About to Crash?
GDX is up 452% from its 2022 low. The Miner Sentiment Meter is flashing Overvalued. But every prior supercycle looked exactly like this before doubling again. We break down what's happening, what history says, and what to watch β in plain English.
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