Gold and silver may benefit if yields ease a little further from their local high for a while longer. The FOMC meeting and minutes could be good for both. x.com 

Gold is set to take off as energy-driven stagflation traps the Fed and negative real rates favor it. Today's dovish hold was likely its last chance to hike: once the AI bubble bursts, the Fed loses that option, while current debt-to-GDP rules out Volcker-style hikes without fiscal insolvency. Per Macrotrends' chart, gold rose eightfold from its 1976 low to its 1980 high, equivalent to $32,000 gold over five years in today's terms. x.com  x.com  x.com 

Rising Treasury yields make non-yielding gold less attractive, setting up one major selloff before the next big rally. Oil above $100 adds inflation and rate pressure; higher yields could lift the dollar, while gold ETF outflows and forced selling in a liquidity crisis add risk. The Benner Cycle flags 2026 as a potential selling period. The long-term bull market is not necessarily over: central banks are still buying and long-term demand remains strong. Gold is not worth chasing at these levels. … Show more

Gold's dip on rate-driven opportunity costs is a buying opportunity, because higher rates force faster money-supply growth. The system is designed that way, since letting defaults ripple through it is politically unfeasible, and that pressure will intensify until the great monetary reset. x.com 

China's physical buying near $4,000 and a Fed lagging inflation support gold despite rising rates. Per Bloomberg, the Shanghai Gold Exchange's Au99.99 contract traded roughly 430 tons last week, its busiest week since April; buyers pay in full and take delivery. Gold historically does very well when rates rise while the Fed is behind the curve, as it is now. Warsh is no Volcker, and heavy US debt would constrain him even if he were. x.com  x.com  x.com 

Gold tends to perform poorly when liquidity contracts, while it performs best during recoveries. Gold looks likely to fall next year. x.com  x.com 

Gold, silver and bitcoin are set to run as the QE money printer heats up. x.com 

Gold goes up as the dollar gets crushed and the dollar's purchasing power declines. x.com 

Gold's failure to rise even after rates pulled back decently challenges the earlier high-rate explanation for its weakness. GLD is close to fresh 11-month lows and just closed at a new 14-month low relative to the S&P 500. Gold has trended down since its parabolic January peak. x.com  x.com 

Gold traders are misreading the jump in two-year yields through a monetary-dominance lens: under fiscal dominance, more interest paid on T-bills is actually more liquidity injection, which could create opportunities. After the Civil War, McCulloch switched regimes by retiring greenbacks and balancing the budget, which lowered rates and sent the dollar sharply higher against gold. Japan, with a shrinking primary deficit and QT, is far closer to that austerity regime than the US. x.com  x.com  x.com  … Show more