Welcome to the Real Vision Daily Briefing. It's Monday, August 9, 2021. I'm Ash Bennington,

joined today by our own Jack Farley and our guest, Darius Dale, from 42 macro. Here's what we're

looking at right now. Basically, Dow Jones industrial average, S&P, everything pretty much flat

here on the day, S&P off about four points, but this hides the volatility that actually occurred

during the day. I'm sure we'll talk about that more during the course of the conversation.

Jack, I understand you're looking at one asset in particular. Yeah, that would have to be gold ash.

This gold had a flash crash late last night as Asian markets opened, plunging below $1,700 per

ounce. That would be the lowest it's been since March, but shortly thereafter gold paired its losses

and it has closed the day just above 1730, by the way, ash, not a good day for gold, not a good

day for black gold either, with front month WTI crude oil declining 2% extending the sell-off

we saw Friday afternoon and now trades below $67 ash. Yeah, some demand concerns there. I'm sure

we'll talk about them. By the way, on equity markets, the S&P 500 and Dow Jones industrial average

were both up at all time highs earlier in the day, pairing those coming back down to close slightly

in the red. Today, senators have reached a compromise on the crypto tax provision in the new

infrastructure bill. Here's the good news. The Senate has not killed off proof of stake.

Validators will not be considered brokers under therefore excluded from tax reporting requirements.

I'm sure we'll talk about that in a little bit more detail later in the show, but now to Darius

Dale, our guest, oh wait, Jack, you got one more story, don't you? Yes, I do just to give a little

color on the infrastructure. So you talked about the crypto specific in the bill. You're just to

give broad strokes. The Senate last night voted to move forward on the trillion dollar infrastructure

bill. The final vote will most likely happen tomorrow that bill includes $550 billion in new spending

for the nation's physical infrastructure and the budget offices estimated that it would add

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