ALT-Assets Counterattack! Gold Hits All-time High (Bitcoin Hits All-time High Too)

#bubble, #inflation, #wine, Agency MBS, Bank of England, Bank of Japan, Banking, China, CMBS, CRE, Credit, Cryptocurrencies, Currency, ECB, Economy, Existing Home Sales, Fed, GDP, Gold, Inflation, Italy, munis, New Home Sales, Oil, Powell, REITs, Silver, SPX, Stocks, Treasuries, Treasury, Uncategorized, Venezuela, Wages, Yellen, Yield Curve 1 Minute

I love gold! And silver too!! And Bitcoin!!!

Let’s start with gold. Extending their run of the last few days, spot gold prices just exceeded their all-time highs, topping $2140 for the first time in history…

Source: Bloomberg

A longer view.

Source: Bloomberg

What is gold pricing in about future Fed action? Real rates dramatically negative? As Luke Gromen noted on X:

“When gold rises in your currency DESPITE positive real rates, the gold market is saying ‘Your government will have a debt spiral if real rates remain positive’.“

Source: Bloomberg

Bitcoin just hit $68,567.57, also an all-time high.

The Alt-Assets (gold, silver, Bitcoin) have counterattacked!!

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Published by confoundedinterest17

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