Here's a chart of gold in yen
Japan has been ahead of the curve when it comes to FIAT currency debasement and the way its currency is trading against gold is rather frightening with another huge ~10% new ATH move this month. Will other FIAT currencies follow the yen path? Source: Graddhy - Commodities TA+Cycles
Amazing chart by CrossBorderCapital
Treasuries out, gold in?
The correlation was weaker in the 1980s/1990s, but starting after 2000, gold has historically done quite well whenever the Fed pauses or cuts
Source: Lyn Alden
Oil vol, OVX, and gold vol, GVZ, have exploded higher and continue to stay at elevated levels/move to new recent highs
These are the two assets to watch for the "real" war stress. Source: TME, Refinitiv
Gold (in yellow) vs. VIX (in green). Is gold the new 'fear index'?
It has systemically decoupled from real rates for sure. Source: Bloomberg
Will bitcoin follow gold?
Since Israel tragic event, Gold has surged >5pct, while bitcoin has dropped alongside the spike of the VIX. In the short-run, Bitcoin is highly sensitive to liquidity. Source: Lawrence McDonald, Bloomberg
Central banks have continued to load up on the yellow metal
They added 77 tonnes to their gold reserves in August. Net buying is closing in on recent "highs". Gold is trading without much trend, but we are at very big levels. Source: Variant perception, TME
A new all time high for gold denominated in yen
Source: barchart
