Gold has hit a new record, up $52 to $3638 as it's gone parabolic since breaking the April-Sept range.
The chart pretty much speaks for itself and I wrote about the bull case every day last week.
There is no real mystery here:
- Trump is aiming to take over the Fed and lower rates to levels they otherwise wouldn't be
- The global order on trade is breaking down
- The global order around military intervention is breaking down (see J.D. Vance's comments on killing Venezuelan citizens on the weekend)
- Fiscal spending is out of control
- The technicals align
