Switzerland's actual retail sales year-on-year in July

Cleared my gold calls at the open on that bounce. Suspect it goes higher this year, but pre-breakout, I was effectively 500% levered long my entire book. Seeing gold bugs euphoric, headline risk tmr, price looks overextended. Easy part of the trade is done, booked the win.

1.64x NAV!! "Yes I would love to pay a 64% premium for these very special coins held by the very responsible Mr. Saylor…" That's my quant

As the September Fed meeting approaches, the divergence of opinions within the decision-making body is becoming increasingly apparent. This division may lead to intense debates and range-bound battles during the policy-making process. On one hand, dovish members represented by Waller, Bowman, and Daly tend to favor larger interest rate cuts. Although Milan has not explicitly committed to supporting rate cuts, he may also lean towards this camp. These members believe that the current economic environment may require a more accommodative monetary policy to provide support. On the other hand, hawkish members led by Harker, Bostic, Muthalam, and Schmidt continue to emphasize the risks of rising inflation. They are cautious about adopting loose policies, fearing that excessive rate cuts could trigger new economic issues. Even if the final decision is to cut rates by only 25 basis points, there may still be instances during the meeting where both supporters and opponents raise objections. This internal division reflects the complexity of the current economic situation and the challenges decision-makers face in balancing inflation risks and economic growth. This divergence also highlights the transparency and democratic nature of the Fed's policy-making process. Each member has the opportunity to express their views, and the final decision will be based on thorough discussion and debate. However, this also means that the market may need to pay closer attention to the remarks of each member in order to better predict the future direction of policy. Regardless of the final outcome, the Fed meeting in September will undoubtedly become the focal point of the financial markets, and its decisions will have a profound impact on the global economy.

Recently, the WLFI Token has attracted widespread attention and controversy. This token is associated with the Trump family and recently announced the destruction of 47 million tokens, but this action has been questioned as possibly being a means for insiders to Be Played for Suckers. According to the data, the total supply of WLFI tokens is 100 billion, and after this destruction, there are still 99.953 billion tokens, with almost no change in circulation. However, the project team refers to this move as a 'market rescue' action. It is worth noting that the so-called 'community vote determines the treasury tokens' is actually controversial, as the Trump family controls over 20 billion tokens, while the voting limit for a single wallet is set at 5%, a practice criticized as 'pseudo-decentralization'. WLFI experienced a 25% plunge on its first day of launch, with its market value dropping from 40 billion to 5.4 billion. This was mainly due to the project team suddenly disclosing that the circulating token supply was 25 billion, which is five times the previous expectation, leading to a collapse in confidence among retail investors. The subsequent 'buyback + burn' plan mainly relies on transaction fees for support, making it difficult to compensate for the impact of 25 billion tokens, and is considered merely a strategy for short-term speculative hype. The power structure of the project also has issues. The Trump family controls 75% of the net income from the Token sales through their company, while the associated company Alt5 Sigma Corp. receives 7.5%. Notably, Alt5's stock price dropped by nearly 50% within two days following WLFI, indicating a close relationship of vested interests. In terms of ecological construction, the market value of WLFI's stablecoin USD1 is only 2.7 billion, far lower than USDT and USDC. In addition, the project faces compliance risks and has already attracted Congressional investigation into whether it affects SEC enforcement. Meanwhile, related investments from the UAE sovereign fund may involve constitutional clause disputes. Currently, the price of WLFI is $0.22, and a fully diluted valuation of 2 billion is considered too high. If the project cannot break away from its dependence on Trump's aura and truly establish its own ecosystem, even multiple token burnings will be difficult to change its nature as a tool to Be Played for Suckers. Investors need to remain highly vigilant when considering investing in WLFI and carefully assess its potential risks and true value.