Investors have no faith in government bonds, so they are putting their money into gold; thus, we have higher yields. This time is different: gold could go higher while yields are ripping, and it can go higher with yields going down, too. Because one thing is for sure: the government will spend more money and more on paying the interest. Recession or not, gold should head higher.
Gold is in the early stages of a long-term bull market, says Billionaire Hedge Fund Manager John Paulson 🚨 🚨 pic.twitter.com/c8MEqgQYrf
— Barchart (@Barchart) July 22, 2026
My second approach uses a gold-to-S&P 500 ratio model and assumes a run-of-the-mill US stock market decline of 50% and an ensuing dollar devaluation. Starting from historic large cap equity valuations today and record fiscal imbalances, I believe such a path could once again lie… pic.twitter.com/WLb0O3h1vT
— Kevin C. Smith, CFA (@crescatkevin) July 22, 2026
Gold Is Defying Real Yields pic.twitter.com/MiyIVJnTdN
— Michael J. Kramer (@MichaelMOTTCM) July 22, 2026
Gold and silver aren't buying the hawkish Fed narrative.
Over the past few days, both have rallied alongside the US 2-year yield as the war continues to escalate.
Historically, the US2y has tended to lead the Fed Funds Rate. Today, it is rising again, pointing to a more hawkish… pic.twitter.com/WxipfvSqtw
— Lukas Ekwueme (@ekwufinance) July 22, 2026
30-Year Treasury Yield closing in on its highest level since the run-up to the Global Financial Crisis 🚨 🚨 pic.twitter.com/8EeHCTctVb
— Barchart (@Barchart) July 22, 2026