Gold is now 44% above its 2011 peak, while silver remains nearly 30% below its level from the same period.
Source: Crescat Capital, Blomberg, Tavi Costa
Gold hits a new all-time high 👇
Source: Barchart
Central Bankers from Mexico, Mongolia, and the Czech Republic say they will buy more Gold to add to their Reserves
Source: Barchart
BREAKING: GOLD NOW MAKES UP A RECORD 31.5% OF RUSSIA'S TOTAL RESERVES.
Source: Make Gold great again on X
The gold / silver ratio is 83.5.
Since 1968, this ratio has spent only 10% of the time above current levels. Sometimes switching to silver didn't work (look at 1990). But in 1995, 2003, 2008 and 2018, switching paid off.
😱 The shocking chart of the day: Too many goldilongs?😱
Momentum in gold remains powerful, but you are not alone being bullish gold here... The chart below shows CFTC net long minus short position in futures for the Managed Money category. Source: The Market Ear, JPM
Gold as the ultimate store of value?
Over the last decade, gold prices have more than DOUBLED, marking one of the best rallies in modern history. Over the last 5 years alone, gold is up 76% and on track to be the best-performing asset class of the year, excluding bitcoin. So why gold keeps rising? Ever-rising debt and money debasement seem to be the main culprits. Since the pandemic, US national #debt has soared by $12 trillion while the US dollar lost ~25% of its value. Source: The Kobeissi Letter, BofA
Gold continues to shine, trading at all time highs and up 34% since February.
To BAML, gold is frontrunning rate cuts. Or is it something else?
