Two trending series on two independently scaled axes will show whatever “divergence” the axis choice manufactures — where the lines cross and gap is a design decision, not data. Tavi Costa’s 07/2026 specimen: global money supply ($121.6T, new highs) over gold ($4,053, circled with an arrow), captioned “one of the most important macro divergences in the world today. Long-term minded investors know what to do here.” The honest version of the comparison is a single ratio series (gold/M2 — see Ratio charts), which would show the same data as gold mean-reverting from a spike: it ran to ~$5,600 in late 2025 and the “divergence” is a −28% gold drawdown, readable as catch-down as easily as catch-up.
What survives: the long-run anchor is real (Real rates and gold, Debasement trade) and gold’s 2026 correction against still-rising money supply is a genuine data point for it. But the chart form asserts the conclusion; note the seller — a gold-fund manager whose “know what to do” is the fund’s thesis.
The sequel (ekwufinance reposting Costa’s chart as of 08/18/2026, https://x.com/ekwufinance/status/2091934614847713396): money supply $122.6T, gold $4,369, and now an arrow drawn upward labeled “Closing the Monetary Gap.” Same two axes, same manufactured gap — with the direction of the reconciliation added by hand, the drawn-future abuse from Ratio charts on top of the axis abuse. The text under it (“none of the fundamentals have reversed”) is fair; the chart still isn’t evidence for which line moves.