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Gold and silver have recently corrected despite escalating geopolitical tensions raising questions about the true drivers behind precious metals pricing.
In this episode, Adrian Day of Adrian Day Asset Management explains why gold has declined approximately 11% and silver around 15%, even amid war headlines.
Day argues that precious metals often move ahead of geopolitical events and may sell off once uncertainty becomes reality. He highlights several key macro factors currently weighing on gold:
• Strength in the U.S. dollar
• Rising Treasury yields
• Liquidity-driven selling during market stress
• Regional selling pressure in markets such as the Middle East
• Expectations that central banks may delay rate cuts due to higher energy prices
The discussion also explores broader commodity opportunities, including mining equities, potash exposure, coal markets in Asia, uranium strategies, and the impact of oil prices potentially rising toward $150 in a prolonged conflict scenario.
While short-term volatility may persist, the conversation emphasizes that longer-term bullish drivers for gold and commodities remain intact. Gold is traditionally viewed as a safe-haven asset during periods of geopolitical uncertainty, yet recent market behavior has challenged that assumption. Despite escalating tensions and rising global risks, gold and silver prices have declined raising questions about the underlying forces driving the market. In this interview, Adrian Day explains how macro factors such as rising yields, dollar strength, and liquidity pressures are currently outweighing geopolitical tailwinds.
why gold is down
gold price forecast 2026
silver price analysis
adrian day interview
gold vs dollar correlation
treasury yields impact gold
commodity market outlook
gold selloff explanation
precious metals investing
oil price impact inflation
Contact Adrian:
Adrian Day Asset Management - Individualized Account Management
Home - Adrian DayContact us:buy our books https://a.co/d/iTv3V1Phttps://a.co/d/3yEE6mhhttps://a.co/d/9wJ7sXhContact us:Piggostradingdesk.comTony: Whitelavender92Derek: Diablo_blanco-3Substack: Piggos trading deskRead our work:https://substack.com/@piggostradingdeskEmail: [email protected]
Global markets are facing mounting pressure as bond yields rise, liquidity tightens, and geopolitical tensions escalate.
In this episode, Piggo’s Trading Desk interviews Bob Moriarty of 321 Gold, who warns of a rapidly developing “perfect storm” across financial markets and geopolitics.
Moriarty argues that a sharp bond-market selloff and rising U.S. yields are exposing structural weaknesses in the global debt system, raising the risk of a broader financial crisis.
At the same time, escalating tensions in the Middle East including risks tied to critical shipping routes like the Strait of Hormuz are adding further stress to energy markets and global trade flows.
Key themes explored include:
• Bond market volatility and rising Treasury yields
• Liquidity stress and systemic financial risk
• The sustainability of the global debt-based system
• Geopolitical escalation and energy supply disruptions
• Supply chain vulnerabilities and macroeconomic instability
• Historical parallels to past financial crises
As financial markets and geopolitical risks converge, the discussion highlights how interconnected these systems have become and how quickly instability can spread across global markets. Global financial markets are entering a period of heightened uncertainty as multiple risk factors begin to converge. Rising bond yields, tightening liquidity, and escalating geopolitical tensions are creating conditions that some analysts believe could lead to a broader systemic event. In this interview, Bob Moriarty outlines why he believes markets may be approaching a critical inflection point one driven by the intersection of financial instability and geopolitical risk.
#MarketCrash
#Bonds
#Macro
#Geopolitics
#MiddleEast
#Investing
#FinancialCrisis
#Gold
Contact Bob:
https://www.amazon.com/stores/author/B01A9I4TJU
(1) Robert J Moriarty | Substack
3 2 1 g o l d ... Welcome!Energy, Oil, Natural Gas, Coal, Nuclear, Gasoline, Solar & Wind :: Welcome to 321energy ::Contact us:buy our books https://a.co/d/iTv3V1Phttps://a.co/d/3yEE6mhhttps://a.co/d/9wJ7sXhContact us:Piggostradingdesk.comTony: Whitelavender92Derek: Diablo_blanco-3Substack: Piggos trading deskRead our work:https://substack.com/@piggostradingdeskEmail: [email protected]
On Piggo’s Trading Desk, Derek and Tony speak with macro investor Paul Musson about rising bond yields, energy prices, and the possibility that governments may resort to financial repression to manage mounting debt.
Musson explains how surging U.S. 10-year Treasury yields are pushing up 30-year mortgage rates, tightening financial conditions and placing additional pressure on housing affordability. He argues the U.S. Treasury has increasingly relied on short-term debt issuance to avoid pushing long-term yields even higher.
The discussion explores how persistent deficits and rising borrowing costs could eventually force the Federal Reserve to intervene by purchasing government debt, potentially leading to another phase of quantitative easing and financial repression.
Key topics include:
• Why rising Treasury yields are driving higher mortgage rates
• Oil prices near $102 and the inflation implications of energy shocks
• Weakness in the Japanese yen and risks of a Japan carry trade unwind
• The possibility of yield-curve control or central-bank intervention
• Debate around 50-year bonds and 50-year mortgages as affordability solutions
• Differences between U.S. non-recourse mortgages and Canadian recourse loans
• Concerns about wealth taxes and the long-term debt cycle
• How war, deficits, and monetary policy could affect gold, silver, and Bitcoin
The conversation examines how investors might navigate an environment shaped by rising yields, geopolitical instability, and potential financial repression.
Key Themes:
10 year treasury yield forecast
financial repression explained
mortgage rates outlook
oil price inflation impact
japan carry trade risk
yen weakness 2026
yield curve control
quantitative easing future
gold vs inflation hedge
bitcoin inflation hedge
bond market crisis
global debt crisis
macro investing strategy
00:00 Rising Treasury Yields and Mortgage Rate Impact
01:33 Introduction to Paul Musson
01:46 Oil Around $100 and Inflation Debate
04:14 Japan Yen Weakness and Carry Trade Risks
06:31 Federal Reserve Policy and 10-Year Yield Outlook
10:12 50-Year Bonds and Mortgage Affordability Debate
13:58 Housing Defaults: U.S. vs Canada Mortgage Systems
17:21 Wealth Taxes and the “Great Taking” Debate
23:40 War, Deficits and Regime Change Risks
25:31 Gold, Silver and Bitcoin in a Debt Crisis
30:01 Supply Shocks and Federal Reserve Responses
33:20 Final Thoughts and Where to Follow Paul Musson
Contact Paul:
Paulitical Economy™ Archives - Paddington
Paddington - Capital Management
"Capital Offence - Why Some Benefit At Your Expense" - Paddington
Contact us:buy our books https://a.co/d/iTv3V1Phttps://a.co/d/3yEE6mhhttps://a.co/d/9wJ7sXhContact us:Piggostradingdesk.comTony: Whitelavender92Derek: Diablo_blanco-3Substack: Piggos trading deskRead our work:https://substack.com/@piggostradingdeskEmail: [email protected]#
#TreasuryYields
#FinancialRepression
#BondMarket
#OilPrices
#MortgageRates
#MacroEconomics
#DebtCrisis
#Gold
#Bitcoin
#Investing
On Piggo’s Trading Desk, Derek and Tony sit down with macro strategist Laurent Lequeu (known as The Macro Butler) to discuss a potential stagflationary environment driven by energy shortages, rising bond yields, and geopolitical instability.
Lequeu argues that long-dated U.S. Treasury yields may continue climbing, with the 10-year Treasury potentially breaking above 5%, as structural inflation pressures collide with slowing economic growth.
The discussion explores how government and central-bank interventions may delay but not ultimately prevent higher yields and tighter financial conditions.
Major topics include:
• Why the 10-year Treasury yield could move above 5%
• The risk of a new oil shock potentially pushing crude toward $100–$200
• The Japanese yen weakening toward 160–200 and possible intervention
• Structural shortages in LNG, fertilizers, and petrochemicals
• Supply-chain disruptions driving food and goods inflation
• Margin pressure facing precious-metals mining companies from rising energy costs
• Why bonds may be “uninvestible” in a stagflationary environment
• Portfolio strategies focused on precious metals, cash-flow-generating companies, and low leverage
The conversation also addresses psychological resilience during volatile macro cycles, emphasizing preparation, mental clarity, and disciplined investing.
Key Themes:
stagflation warning
10 year treasury yield forecast
bond market crisis
oil shock forecast
oil price 200 dollars
yen crisis 160
japanese yen intervention
energy shortages inflation
supply chain inflation
natural gas shortages
fertilizer shortages global
macro investing strategy
precious metals investing
gold silver stagflation hedge
00:00 Introduction and Market Setup
00:18 Rising Bond Yields and Stagflation Risk
01:37 Oil Shock and Energy-Driven Inflation
03:32 Japanese Yen Weakness and Possible Intervention
05:54 Natural Gas and Fertilizer Supply Shortages
09:42 Global Supply Chain Disruptions Ahead
12:44 Mining Margins and Commodity Investment Strategy
15:58 Geopolitical Risks and War-Driven Inflation
17:25 Energy Markets and Strategic Disruptions
24:07 Religious Conflict and Nuclear Escalation Risks
29:04 Mental Resilience During Economic Turmoil
30:24 Macro Butler Substack and Academy
31:32 Final Thoughts and Market Warnings
#Stagflation
#BondMarket
#OilPrices
#YenCrisis
#EnergyMarkets
#MacroEconomics
#TreasuryYields
#Inflation
#Commodities
#PreciousMetals
Contact Laurent:
Financial Advisor & Wealth Advisor Services | The Macro ButlerFinancial Academy Online USA | Learn Wealth & Financial Literacy(3) The Macro Butler | Substack
Contact us:buy our books https://a.co/d/iTv3V1Phttps://a.co/d/3yEE6mhhttps://a.co/d/9wJ7sXhContact us:Piggostradingdesk.comTony: Whitelavender92Derek: Diablo_blanco-3Substack: Piggos trading deskRead our work:https://substack.com/@piggostradingdeskEmail: [email protected]
On Piggo’s Trading Desk, hosts Derek and Tony sit down with market commentator Gregory Mannarino for a deep discussion on U.S. monetary policy, global conflict, and the growing risks facing passive investors.
Mannarino argues that the financial system is deliberately framed as overly complex while insiders benefit from central bank policy, currency debasement, and the Cantillon effect, which transfers wealth from the public to asset holders.
The conversation explores the Federal Reserve–Treasury relationship, rising U.S. debt, and how the alignment of fiscal and monetary policy may be cornering bond markets while accelerating U.S. dollar devaluation and inflationary pressure.
They also discuss escalating geopolitical tensions, including the asymmetrical economic conflict with Iran, which Mannarino believes targets global energy markets and supply chains rather than traditional battlefield victories.
Other major topics include:
• The Cantillon effect and wealth transfer from the middle class
• Why passive investing strategies may struggle in volatile markets
• The rising risks inside private credit and shadow banking
• Potential financial bailouts if credit markets seize up
• Signs of economic stress emerging in everyday American life
• The concept of a growing “blood economy” as financial pressures rise
The episode concludes with a discussion on capital preservation, active trading strategies, and navigating macroeconomic instability in an era of rising debt and geopolitical tension.
This interview is essential viewing for anyone following macro investing, Federal Reserve policy, currency debasement, and the future of the U.S. financial system.
00:00 Why Financial Markets Are Made to Seem Complicated
00:56 Introduction to Piggo’s Trading Desk
01:41 How the Financial System Extracts Wealth from the Public
02:13 Iran Conflict, Energy Markets and Supply Chain Pressure
02:55 Political Division and Disillusion Among Voters
05:35 Political Instability and Leadership Concerns
06:46 The Fed–Treasury Alignment and the U.S. Debt Trap
08:28 The Cantillon Effect and Currency Debasement Explained
10:09 Why the Middle Class Is Being Squeezed
13:24 Trading Volatility vs Passive Investing
15:09 Private Credit and Shadow Banking Risks
19:05 Developing a Trader’s Mindset in Unstable Markets
21:15 Simplifying Finance for the Public
22:58 The “Blood Economy” and Economic Desperation
24:00 Signs of Economic Stress in Everyday America
25:00 Low Interest Rates and Currency Devaluation
27:57 The Long-Term Wealth Transfer Cycle
30:03 Capital Preservation Strategies
32:32 Political Faith and Economic Reality
39:45 Fear, Media Narratives and Public Psychology
42:49 Where to Follow Gregory Mannarino
44:54 Final Market Warning
Key themes: Why passive investing could failCantillon effect explainedFed Treasury relationship explainedIs the US dollar collapsingPrivate credit crisis risksMacro outlook 2026Contact Greg:
https://x.com/GregMannarino
https://www.youtube.com/ @GregoryMannarino https://substack.com/@gregorymannarino
https://traderschoice.net/
https://www.mannarino-market-risk-indicator.com/
Contact us: buy our new books https://a.co/d/iTv3V1Phttps://a.co/d/3yEE6mhhttps://a.co/d/9wJ7sXh
Contact us:Piggostradingdesk.com
Tony: Whitelavender92
Derek: Diablo_blanco-3
Substack: Piggos trading desk
Read our work:
https://substack.com/@piggostradingde...
Email: [email protected]
Coal, Commodities & War Risks: Macro Butler on Silver, Oil, Cybersecurity and Hedging with Inverse ETFs
Derek and Tony of Piggos Trading Desk welcome back macro analyst Laurent Lequeu (“ The Macro Butler ”) to discuss using leveraged and inverse ETFs for day trading versus portfolio hedging, emphasizing they are not buy-and-hold tools due to volatility. Lequeu outlines a bullish 12–24-month outlook for commodities driven by geopolitics and rotation out of tech, citing upside in precious metals (especially silver and platinum), base metals, and energy. They cover Mexico mining country risk and cartel-related disruptions as bullish for silver, and contrast safer jurisdictions like Canada and the U.S. Lequeu highlights opportunities in potash/fertilizers, copper (with Freeport as an example), early-stage nickel, M&A signals like Glencore–Rio talks, and under-the-radar coal as AI power demand rises. He forecasts WTI potentially reaching $80–$90, and discusses cybersecurity as oversold with war-related catalysts. They also plug Macro Butler Academy, Substack, and upcoming coal research.
00:00 Coal Powers AI
01:17 Show Intro Guest
01:47 Inverse ETF Hedging
03:40 Silver Volatility Outlook
04:35 Commodity Bull Run
07:33 Mexico Mining Risks
12:27 Safer Jurisdictions
14:19 Argentina Uranium Play
15:29 Softs Base Metals
19:40 M&A And Coal
21:52 Oil To 90
24:40 Blood Economy Talk
26:19 Cybersecurity Rebound
30:57 Macro Butler Academy
32:11 Substack And AI Videos
33:17 Final Thanks Outro
Contact Laurent:
laurent-lequeu-
https://x.com/LLequeu?ref_src=twsrc%5..
https://www.themacrobutler.com/
The Macro Butler
Contact us: buy our new books
https://a.co/d/iTv3V1P
https://a.co/d/3yEE6mh
https://a.co/d/9wJ7sXh
Contact us:
Piggostradingdesk.com
Tony: Whitelavender92
Derek: Diablo_blanco-3
Substack: Piggos trading desk
Read our work:
https://substack.com/@piggostradingde...
Email: [email protected]
Dress like us:
@Chubbies @LEVIS
Channels to follow:
@UneducatedEconomist @theronniepontiac @MilesFranklinCo @RuleInvestmentMedia @naturalresourcestocks@christianewhite
For gold and silver: mention Derek or Tony for Exclusive pricing
Apmex.com
Milesfranklin.com
Sahara gold and Silver las vegas
Arks.go
https://firstnationalbullion.com/sche..
🚨 High Volatility Market Alert: Grains, Natural Gas, Oil, Silver & Leveraged ETF Trading Strategy | Piggo’s Trading Desk
In today’s episode of Piggo’s Trading Desk, Derek and Tony issue a critical High Volatility Market Public Service Announcement (PSA) ahead of President Trump’s speech, breaking down active trades, leveraged ETF strategies, commodities plays, and short-term market risk management tactics.
With volatility rising across equities, commodities, and energy markets, this episode focuses on short-term trading strategies, not long-term investing. If you’re trading leveraged ETFs, natural gas, oil, silver, uranium, or soft commodities this is a must-watch.
⚠️ Important: This is not financial advice. We are traders, not investors. Beginners should exercise extreme caution in this market environment.
Derek and Tony provide real-time updates on active trades and recent rotations:
DBA (Invesco DB Agriculture Fund) – Long position targeting strength in grains and soft commodities
Natural Gas Trade – Entry around 16.40, targeting 18 amid volatility in energy markets
Klarna – Position initiated at 12.64
UCO (2x Leveraged Crude Oil ETF) – Bullish oil play amid geopolitical and macro uncertainty
In high-volatility conditions, tactical rotation is critical. The team discusses active positioning in:
SPXU – 3x inverse S&P 500 ETF
SOXS – 3x inverse semiconductor ETF
SQQQ – 3x inverse Nasdaq ETF
TNA – 3x leveraged Russell 2000 bull ETF (recent buy)
DITI – Short-term trade mention
This segment emphasizes the importance of timing, liquidity, and risk management when trading leveraged ETFs.
The desk reviews recent high-risk, high-reward trades:
AGQ (2x Leveraged Silver ETF) – Bought at 116, sold at 126 (ran higher afterward — lesson in trade management)
URA (Global X Uranium ETF) – Bought at 39, sold at 44, missed extended move to 49; watching for pullback re-entry
They discuss volatility in precious metals, uranium equities, and miner setups, including interest in:
Blue Lagoon (mining exposure)
Nations (royalty exposure)
Derek and Tony reinforce the difference between:
Active trading vs. long-term investing
Tactical positioning vs. buy-and-hold strategies
Managing leverage risk vs. compounding capital
With President Trump’s speech approaching, they warn that:
Market reactions can lag headlines
Smart money often positions early
Volatility spikes can trap inexperienced traders
The team highlights strength in:
Grains and agriculture ETFs
Energy (oil & natural gas)
Precious metals
Uranium sector momentum
But reiterate: This is a high-risk, high-volatility environment.
00:00 – Welcome & High Volatility PSA
00:29 – Current Positions Update (DBA, Natural Gas, UCO, Klarna)
01:04 – Leveraged & Inverse ETF Strategy (SPXU, SOXS, SQQQ, TNA)
01:37 – Silver (AGQ), Uranium (URA) & Metals Discussion
02:07 – Trader vs Investor Mindset
02:35 – Trump Speech & Market Volatility Warning
03:35 – Studio Build Update
04:11 – Business Inquiries & Contact Info
04:58 – Final Sign-Off
📊 Current Open Positions & Trade Breakdown🔁 Leveraged & Inverse ETF Rotation Strategy🪙 Metals, Silver & Uranium Trades🧠 Trader vs. Investor Mindset in a Volatile Market🌾 Why They Like Soft Commodities & Energy Right Now🎙 Episode Timeline
Email:
Market Volatility & Currency Dynamics Explained: Insights from the Macro Butler | Piggos Trading Desk
Join the latest episode of Piggos Trading Desk as our guest, the Macro Butler, Laurent Lequeu, shares his insights on the current market volatility, the performance of the US dollar relative to other major currencies, and the impact of geopolitical events on the economy. We discuss the future of precious metals, the importance of critical minerals, and the potential for a renewed focus on US natural resource exploitation. This episode is a must-watch for traders and investors navigating these turbulent times.
00:00 Introduction: The US Dollar in a Global Context
01:52 Market Volatility and Investor Sentiment
02:29 Geopolitical Uncertainty and Economic Indicators
04:49 US Treasury and Bond Market Dynamics
07:04 Precious Metals and Currency Movements
08:33 Global Political Strategies and Economic Distractions
13:32 US Economic Data and Consumer Impact
21:10 Natural Resources and Manufacturing Challenges
27:55 Conclusion: Future of US Infrastructure and Resources
Contact Laurent:
The Macro Butler
https://x.com/LLequeu?ref_src=twsrc%5...
https://themacrobutler.substack.com/p...
https://themacrobutler.substack.com/p...
https://www.themacrobutler.com/
Contact us: buy our new books
https://a.co/d/iTv3V1P
https://a.co/d/3yEE6mh
https://a.co/d/9wJ7sXh
Contact us:
Piggostradingdesk.com
Tony: Whitelavender92
Derek: Diablo_blanco-3
Substack: Piggos trading desk
Read our work:
https://substack.com/@piggostradingde...
Email: [email protected]
Dress like us:
@Chubbies @LEVIS
Channels to follow:
@UneducatedEconomist @theronniepontiac @MilesFranklinCo @RuleInvestmentMedia @naturalresourcestocks@christianewhite
For gold and silver: mention Derek or Tony for Exclusive pricing
Apmex.com
Milesfranklin.com
Sahara gold and Silver las vegas
Arks.go
https://firstnationalbullion.com/sche..
Silver Price Floors & Market Manipulation Explained | Special Guest Stacking Surfer
Welcome back to Piggo’s Trading Desk! In today’s episode, Derek and Tony are joined by Stacking Surfer to discuss the recent developments in the silver market, including Vice President Vance’s announcement of a price floor on silver. They delve into the principles of Austrian economics, the impact of market manipulation, and the significant spread in silver prices between the US and Shanghai. The discussion also covers the potential future of silver prices, the implications for the military-industrial complex, and the role of refineries and skilled labor in the US. Tune in for a comprehensive analysis and insights on navigating the volatile silver market!
00:00 Introduction and Welcome
00:30 Discussing Silver Price Floors
02:48 Market Reactions and Speculations
05:49 Investment Strategies and Recommendations
08:30 Impact on Industries and Future Predictions
14:18 Refining and Manufacturing Challenges
19:35 Global Economic Concerns and Conspiracies
25:12 Conclusion and Farewell
Contact Stacking Surfer:
Stacking Surfer
https://www.youtube.com/channel/UC2A2qOOXYF0b2SVbrzrN1Ow
https://www.instagram.com/stackingsurfer/
https://x.com/StackingSurfer
Contact us: buy our new books
https://a.co/d/iTv3V1P
https://a.co/d/3yEE6mh
https://a.co/d/9wJ7sXh
Contact us:
Piggostradingdesk.com
Tony: Whitelavender92
Derek: Diablo_blanco-3
Substack: Piggos trading desk
Read our work:
https://substack.com/@piggostradingde...
Email: [email protected]
Dress like us:
@Chubbies @LEVIS
Channels to follow:
@UneducatedEconomist @theronniepontiac @MilesFranklinCo @RuleInvestmentMedia @naturalresourcestocks@christianewhite
For gold and silver: mention Derek or Tony for Exclusive pricing
Apmex.com
Milesfranklin.com
Sahara gold and Silver las vegas
Arks.go
https://firstnationalbullion.com/sche...
Using AI to Solve Major Problems: Insights from Expert Hugh Massie │ Piggo’s Trading Desk
In this episode of Piggo’s Trading Desk, Derek, Tony, and guest Hugh Massie of DNA Behavior discuss the impact of AI on solving major problems rather than focusing on quick wins. They delve into the importance of foundational thinking, reliable data sources, and personalized AI models. Topics include building people-centric AI, handling FOMO in trading, and the future of AI in enhancing business sustainability. Tune in to learn more about harnessing AI for meaningful solutions and personal growth. Don’t miss out on their insights on the current state of the market and their plans for an innovative data consolidation website.
00:00 Introduction to Solving Major Problems with AI
00:34 Data Transparency and Financial Reports
01:21 Welcome to Piggo’s Trading Desk
01:48 Foundations of Building AI Platforms
06:16 Personalized AI and Human Behavior
09:32 Challenges and Philosophies in AI Development
18:26 Finding Purpose in the Age of AI
27:42 Final Thoughts and Farewell
Contact Hugh:
https://dnabehavior.com/about-us
https://hughmassie.com/
https://www.linkedin.com/in/hughmassie
https://www.nasdaq.com/authors/hugh-massie
https://www.amazon.com/Hugh-Massie/e/B083G46281/
Contact us: buy our new books
https://a.co/d/iTv3V1P
https://a.co/d/3yEE6mh
https://a.co/d/9wJ7sXh
Contact us:
Piggostradingdesk.com
Tony: Whitelavender92
Derek: Diablo_blanco-3
Substack: Piggos trading desk
Read our work:
https://substack.com/@piggostradingde...
Email: [email protected]
Dress like us:
@Chubbies @LEVIS
Channels to follow:
@UneducatedEconomist @theronniepontiac @MilesFranklinCo @RuleInvestmentMedia @naturalresourcestocks@christianewhite
For gold and silver: mention Derek or Tony for Exclusive pricing
Apmex.com
Milesfranklin.com
Sahara gold and Silver las vegas
Arks.go
https://firstnationalbullion.com/sche...
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