The Fed is trapped.

They can't raise rates because it would crash the economy. Trump's already dealing with job losses and a rough economic start to 2026.

But they can't cut rates either. Inflation just spiked 0.6% in March alone.

This is the exact scenario that breaks central banking.

But there's a third option. One the Fed won't talk about publicly, but insiders are already positioning for.

The U.S. government still carries 8,133 tonnes of gold on its books at $42.22 per ounce. A price frozen since 1973.

With gold now above $5,000, that creates a $750 billion accounting gap.

Trump has the legal authority to close that gap with a single executive order.

If he revalues those reserves to current market prices, it would likely send gold to levels we've never seen before.

$7,000? $10,000? $15,000?

The smart money isn't waiting to see what the Fed does. They're positioning now, before the announcement hits.

That's why I want you to read a free intelligence report I've compiled called The Great Gold Reset.

CLAIM YOUR FREE GREAT GOLD RESET REPORT

CHART OF THE DAY

📉 Why $META Is Having a Very Bad Week

Facebook is currently down roughly 6% today, wiping out $90 billion in market cap in just hours. Today's crash has three culprits arriving at once:

1. China placed exit bans on the Singapore-based co-founders of Manus, the AI company Meta is trying to acquire for $2 billion. Beijing is now actively investigating whether moving the company's Chinese-born tech and talent to Singapore and selling it to Facebook violated strict technology export controls.

2. Then a Los Angeles jury found Meta liable in a social media addiction case involving a minor, with 70% of a $6 million award assigned to Meta. The market doesn’t care about the dollar amount. They care about the precedent this creates.

3. Then layoff reports dropped. All before lunch.

The real reason it’s down 14% this year is much simpler, though.

Meta has a spending problem. They recently announced they expect to spend between $115 billion and $135 billion in capital expenditures in 2026. The midpoint of that amount implies a 73% year-over-year increase in spending.

And I thought my wife had a spending problem.

📈 The Bull Case: 

• Revenue hit $59.9 billion last quarter, up 24% year over year, with 3.58 billion daily active users and first quarter 2026 guidance implying nearly 30% growth.

• The ad machine still prints money.

• The P/E just dropped below 20x for the first time in years. That’s either a warning or an invitation, depending on your time horizon.

📉 The Bear Case: 

• Fourth quarter operating margin was 41%, down from 48% a year ago.

• Expenses rose 40% year over year while earnings per share only grew 11%.

• Meta's flagship AI model reportedly missed internal benchmarks and got delayed. They are spending $135 billion on infrastructure for an AI product that is not beating the competition yet.

What Would Buffett Say: He would not buy it. He never touches companies where he cannot predict earnings five years out, and right now nobody can. He would also note that spending $135 billion to maybe win an AI race while getting sued for addicting children is not his idea of a wonderful business at a fair price. He would say this politely. Then he would go drink a Coke.

The Munch Take: Meta has 3.58 billion people opening its apps every day out of habit, guilt, or boredom. That is not a broken business. But spending $135 billion hoping the AI bet pays off while your flagship model gets lapped by Google is a stressful pitch. But history has shown, never bet against Zuckerberg.

MUNCHY MEMES

Share Pip Munch

Chances are you have some trading friends. Why don’t you be a pal, share Pip Munch and earn some goodies for it?

You currently have 0 referrals, only 1 away from receiving The Trading Plan That Helped Me Pass 4 $100,000 FTMO Challenges.

Or copy and paste this link to others: https://pipmunch.com/subscribe?ref=PLACEHOLDER