Subramanyan
08-26
In my limited understanding the following will decide the flow.

1. Treasury Intervention:  U.S. govt's buyback of long-dated bonds to cool yields raised market concerns over currency debasement.
2. Debasement Trade Resumes: major investors heavily buying gold to hedge against a compounding $40 trillion national debt and fiat dilution.
3. Geopolitics: Ongoing conflicts in the ME and global trade sanctions further driving safe-haven demand into gold.
4. Strong Institutional Backing: Major firms  maintain structural long-term targets pointing toward the $6,000 mark by year-end.
5. Crtical near-term Catalysts: sustainability of rally rests on upcoming PCE inflation data and the Fed’s policy tone.

Till then happy investing.

Gold Hits Three-Month High — Is Dalio's 15% Allocation Call Right?
Gold is turning the debasement thesis into price. Spot gold +0.87% to $4,647, its highest since mid-May. U.S. proxies led Friday: GLD +1.95%, GDX +2.98%, Newmont +3.09%; Zhaojin Mining +2.98% in Hong Kong today. After the Treasury's buyback expansion, yields and the dollar fell — the market pricing fiscal sustainability, not rate direction. Dalio warns of a debt crisis within years, advising 10–15% in gold. Against it: January's $5,608 record makes this a recovery, not a breakout, and hawkish Warsh or a hot July PCE lifts real rates. GLD, GDX and Newmont, or gold as a core weight per Dalio?
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