Just posted at fipestreport.substack.com

When and how can this stop? #10Y Yield

10Y yield now at highest level since "2007". It has broken the critical 5% threshold. Mortgage rates rising means less buying, more selling.

For what it's worth, I've been saying that when hyper-stagflation kicks in, the prices of assets will collapse (real estate, stocks, bonds, pensions), whereas the prices for necessities such as food and energy will skyrocket. Deflation and inflation at the same time. Just my 2 cents.

Real Estate Update in sought-after Oro-Medonte Ontario Canada... In just the past 3 months we've seen price drops of 10-20%. On average just 1/10 has been sold, with the rest sitting on market for 180 days or more. A few buyers chase deals, but it's too early, it's going to get much worse imho as yields (mortgage rates) go higher.

Posted at fipestreport.substack.com today.

The proverbial has hit the fan... As I've been warning for the past 2 years, real estate is in deep trouble as mortgage rates soar. Stocks won't like this either. As for precious metals and miners, they are going down now while central banks raise rates. But that won't cap bond yields, so expect a return to QE, i.e. printing (debasing) currencies. We've seen this before, many times, so expect precious metals and miners to rally while all else head south. Down first, then C-ya time! More posted at fipestreport.substack.com today.

Remember this? It's happening.

Inflation hasn't gone anywhere. Yields keep threatening the 5% line in the sand. The Fed can't raise rates on ~115 trillion in debt. This won't have a happy ending imho.

Post today free at fipestreport.substack.com

My interpretation of what the Fed is doing now... Trying stop global contagion, fiscal collapse #USDJPY

If you're wondering why the dollar went down on Friday as the 10Y yield rose towards the critical 5% level, just look at the USD/JPY now... Fed selling dollars in billions to prop up the yen... Panic at the disco? #DXY #USDJPY

Posted at fipestreport.substack.com today...

If you are wondering why the markets are so quiet, you're not wrong... The S&P has moved just 3% in the past 4 weeks. The 10Y Bond Yield has moved just 7% in 10 weeks. Gold has moved just 4% in the past 3 weeks. Is this the summer calm ahead of the coming storm? Time will tell. #SPX #10Y #Gold

#Gold and #GDX hit their lowest levels since Nov 2025, but it could still fall a little further before we hit bottom.

The metals and miners have become extremely bearish, retail is selling. Once again, this is when you should be buying not selling. Remember, "Buy Low, Sell High". But most people do the exact opposite. I believe we're approaching a major low, the bottom, and a new rally is about to follow. #Gold #Silver #GDX

Posted yesterday at fipestreport.substack.com

It is always this doom and gloom nonsense that signals that we're approaching the bottom. The majority will throw in the towel at the bottom, as they always do. They give up and sell when they should be buying. Then "Sayōnara" to the upside, but not yet, still lower to go. I've seen this SO many times before and it will happen again like clockwork imho.