What will happen to gold if/when Fed cuts and real yields plunge to negative territory?
Source chart: The Macro Guy, Macrobond
BREAKING: BRICS Will Create Payment System Based on digital currencies and blockchain!
The BRICS nations, consisting of Brazil, Russia, India, China, and South Africa, have announced their intention to create an independent payment system based on crypto and blockchain technology. According to Kremlin aide Yury Ushakov, the primary goal of this initiative is to provide a convenient, cost-effective, and politically neutral platform for governments, businesses, and individuals within the BRICS countries. The decision to develop this innovative payment system comes as part of the BRICS nations’ broader strategy to increase their role in the international monetary and financial system.
The stock market rally continues in Germany.
The Dax is heading for its 9th daily gain in a row. The rally is being driven by the Dax "Glory 5" stocks - an index consisting of SAP, Siemens, Allianz, Munich Re, and Deutsche Telekom. These 5 stocks have outperformed the Dax Price Index by almost 100%-pts over a 10 year period. Source: HolgerZ, Bloomberg
Not all Tech stocks are magnificent...
$AAPL and $TSLA the main downside outliers...
Gold has been outperforming tlt (iShares US Treasuries 20y+)
Source: J-C Parets
Look at this base as bitcoin hits 65,000 for the first time in over 2 years
Source: J-C Parets
Gold is back
Gold prices just jumped above $2,100/oz for the first time since December 4th, 2023. It's also now just 2% away from a new all time high, even as Fed rate cuts are delayed. The beginning of a new bull trend for precious metals? Source: The Kobeissi Letter
NEW: Bitcoin reaches a new all-time high in 14 of the G20 nations
Source: Simply Bitcoin
