Macro and Global Liquidity Analysis: Gold, Silver, and Bitcoin - September 2026

Today the Ainslie Research team brings you the latest monthly update on where we are in the Global Macro Cycle, driven by the Global Liquidity Cycle, and the implications for Gold, Silver, and Bitcoin. This summary highlights the key themes discussed with our expert panel. We encourage you to watch the recorded video of the full presentation for the detailed explanations and the rich discussion between the panel members.

For a deeper dive see below.

The Stock Holds. Momentum Has Not.

Ainslie Wealth: Chief Economist's Report – Chris Tipper

September 25th, 2026

Weekly analysis of global liquidity, Bitcoin, gold, and silver. Published every Sunday.

Bitcoin has reclaimed the $80,000 area and is now trading near $80,400. The latest weekly candle is green after last week’s fade toward $77,000. That is a floor reclaim after the mid-year correction from the $60,000s, not a new impulse. Gold is near $4,380, still hugging the $4,400 guide after the bounce from $4,000. Silver has recovered to about $66.30. The Bitcoin-to-gold ratio is near 18 and the Bitcoin-to-silver ratio near 1,210, both still far below the 2025 peaks. The gold-to-silver ratio has eased to about 66. A green week after a fade attracts attention. It does not close the first-half gap between a rising pool and a weaker Bitcoin tape.

Read the Full Article Here - https://substack.com/home/post/p-216547311