Macro and Global Liquidity Analysis: Gold, Silver, and Bitcoin May 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 Headline Up, The Base Down.

Ainslie Wealth: Chief Economist's Report – Chris Tipper

May 25, 2026

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

All three assets sit on yellow momentum candles for a second consecutive week. Bitcoin slipped lower again. Gold drifted toward the lower end of its consolidation range. Silver gave up a touch of last week’s level. The reads are aligned: a slight bearish inclination across the complex, the prior trend losing conviction without yet flipping.

Read the full article here - https://substack.com/home/post/p-199038791