$SLVON

🚨 WARNING: SOMETHING BIG IS BUILDING IN THE SYSTEM!

The Fed quietly released a research report that almost no one paid attention to.

Inside, there is a signal that all serious market participants should pay attention to.

Life insurance companies are now exposed to MORE with lower investment-grade debt compared to sub-investment-grade bonds just before the 2007 crisis.

Read carefully.

This risk layer is now larger than the layer that triggered the recent financial collapse.

PRIVATE CREDIT SIZE: ~3 MILLION.

This is no longer a niche market.

It lies at the core of pensions, insurance, institutional portfolios, and long-term capital.

And cracks have already formed.

Default rates are rising close to 5.8% and steadily increasing.

Out of 46 publicly traded private credit funds, only 7 transactions are at or above the stated asset value.

That’s important.

If the balance sheets were truly healthy, these funds wouldn’t be trading at persistent discounts.

Even major asset managers are raising red flags.

A leading alternative operator has openly questioned whether this industry can survive prolonged withdrawals.

The short answer: it’s not built for stress.

And this is just one point of pressure.

Now, look at the broader system.

Treasury repo transactions ballooned to around $1.4 trillion — nearly double what existed before the market froze in 2020.

Hedge fund leverage has just hit its highest level ever recorded.

The organization’s cash reserves are near historic lows.

Margin debt continues to hit new record highs.

Put it all together.

High leverage + low cash = no safety cushion.

When the shock hits, forced selling accelerates rapidly.

And smart money has been repositioned.

Insiders are selling shares at the fastest rate ever observed.

The buy-sell ratio is near 0.24 — below the long-term average.

Meanwhile, central banks are quietly but decisively changing course.

Gold purchases are happening at the fastest pace in modern history.

Gold has now surpassed Treasuries as a reserve asset for the first time since 1996.

That’s a strong signal.

System operators are preparing differently than the public.

Insiders are protecting personal capital.

Institutions are moving large pools of money.

The gap between those behaviors has never been wider.

History shows — when that gap widens, volatility follows.

I am mapping out pressure points and potential trigger sequences right now.

More updates coming soon.

I’ve been tracking the macro cycle for over 10 years and have identified many major market turning points.

Stay alert.
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The real move often begins before headlines catch up.