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      Bitcoin - still lagging tech

      NASDAQ is basically back to the pre mid June sell off levels. BTC on the other hand is way lower. The correlation perfection between these two assets is less perfect these days, but imagine BTC starts closing some of the wide gap. One way to play a possible catch up trade is via call spreads as your max loss is known. Vols have come down lately, and despite not being dirt cheap, call spreads aren't overly expensive as skew has picked up. Second chart shows the 1 month implied vs realized vols. Third chart shows the 1 mth 25 delta skew.

      Bitcoin - still lagging tech
      Source: Refinitiv
      Bitcoin - still lagging tech
      Source: Genesisvolatility
      Bitcoin - still lagging tech
      Source: Genesisvolatility
      Just awakening...

      "Keep in mind that silver adjusted for money supply is only now breaking out from more than 45 years of resistance." (Octavio Costa)

      Just awakening...
      Source: Octavio Costa
      Hyperinflationary feel

      "Having grown up in an emerging market, I can say with confidence that precious metals are starting to show a hyperinflationary feel that isn’t getting enough attention" (Octavio Costa)

      Hyperinflationary feel
      Source: Octavio Costa
      Beating bull

      Here is a look at the performance of the S&P 500, the Nasdaq Composite, and gold, silver, and platinum since the current bull market for stocks began on 10/12/22. As shown, gold is now up 171.7%, platinum is up 183.7%, and silver is up just over 300%! All three metals have now easily beaten the stock market during the AI Boom.

      Beating bull
      Source: Bespoke
      Silver / Gold vol

      "The ratio of silver to gold vol is essentially at an ATH. Currently, one year 50% OTM calls on the $SLV carry an implied vol of 56. That's more than double the same strike vol in $GLD... chart below."

      Silver / Gold vol
      Source: Alpha Ex LLC
      Volume explosion

      Silver ETF SLV volume exploded Friday. More than $9.6 billion of $SLV was traded. This only happened twice before: April-May 2011 and February 2021.

      Volume explosion
      Source: subu trader
      Metals outrank money

      Silver overtakes the British Pound as the World's 11th most valuable asset. Data from @AssetMarketCap - not exactly sure how they calculate all this market caps (futures & physical?)

      Metals outrank money
      Source: @AssetMarketCap
      1979

      Silver is on track for their best year since 1979 – a year that delivered the Iranian Revolution, the second oil crisis, double-digit inflation, a sliding dollar, the Soviet invasion of Afghanistan, and the Hunt brothers’ memorable attempt to corner the Silver market.

      1979
      Dr Copper too

      US copper futures (/HG) all-time weekly closing high.

      Dr Copper too
      Source: Trading View