Gold hit $3.600 for the 1st time
Source: Barchart
Gold just hit all-time highs, 100 times the $35 it was in 1971 when Nixon closed the gold window
"The metal itself hasn’t changed; it’s still atomic number 79, the same as thousands of years ago. What changed is the dollar. Once it was tied to gold, now it floats, weakened by inflation and endless deficits. That’s why it takes over 100x more dollars to buy the same ounce". Source: StockMarket.News @_Investinq on X
In case you missed it... silver hits highest closing price in almost 14 years 📈📈
Source: Barchart
A new all-time-high for sp500 to commodities ratio
Source: Worldbank, Econovis
Gold is unlike other commodities – it is not consumed; it is stored.
Nearly all gold ever mined – about 220,000 tonnes – still exists, and this above-ground stock dwarfs annual mine supply. - From Goldman's primer on gold Source: zerohedge
Not much improvement for the commodities-to-dow ratio
Dow Jones hit new all-time high while oil stays in a down trend. Source: Bloomberg, Finding Value Finance on X
‼️Physical silver market is getting TIGHT
1-month silver lease rates, the cost to borrow silver short-term, spiked above 6%. It’s normally close to 0% because physical silver is usually abundant and easy to borrow. Source: Bloomberg, Global Markets Investor
Copper soars to highest closing price in history 📈📈
Source: Barchart
