Gold, copper both at all time highs, every commodity exploding higher as inflation set to storm right back. pic.twitter.com/8vcunH1zAF
— zerohedge (@zerohedge) May 20, 2024
JUST IN: Gold prices rise to a new record high of $2,450, now up 23% in just 3 months.
Gold prices are now up 35% since October, even outperforming the S&P 500's gain of ~29%.
As geopolitical tensions in the Middle East continue to escalate, gold is being viewed as the global… pic.twitter.com/IZVlJHmXZQ
— The Kobeissi Letter (@KobeissiLetter) May 20, 2024
Four major bullion banks visited the Shanghai Gold Exchange in one month. Exactly when the price skyrocketed. Weird. t.co/U3MiIfbgHK pic.twitter.com/Cx21hg91XF
— Jan Nieuwenhuijs (@JanGold_) May 20, 2024
1970s vs 2020s
Just before markets corrected 50% a particular formation formed. 🚨
Look familiar ?📚✍️ pic.twitter.com/orozzpheUw
— The Great Martis (@great_martis) May 19, 2024
Think of "Gold-Oil Ratio" (GoR) as a pressure gauge on USTs as primary global rsv asset
Low GoR = low gold (no competition for USTs) & high oil (lots of petrodollars to recycle into USTs)
High GoR = high gold (more competition for USTs) & low oil (fewer petrodollars to recycle) t.co/cgJKBHrRIO
— Luke Gromen (@LukeGromen) May 20, 2024