To The Moon

Spot gold pushed above $4,600/oz, reaching its highest level in more than three months as Treasury yields weakened and concerns around U.S. debt and the dollar returned to centre stage.

The interesting part isn't just the price.

🇺🇸 Treasury has expanded its long-term bond buyback program 📉 Long-term yields initially dropped 💵 The dollar came under pressure 🥇 Gold and gold miners rallied ₿ Bitcoin also responded strongly

Ray Dalio has been warning that rising sovereign debt and currency devaluation could become a major problem — and has argued that roughly 10–15% gold exposure can make sense as a portfolio diversifier.

But there's another side.

Gold is still recovering from its January record rather than breaking into completely new territory, and a hawkish Fed or hotter inflation data could push real yields higher and pressure gold.

So how are you playing it?

🥇 Gold / GLD as a core portfolio hedge ⛏️ GDX for leveraged exposure to miners 🏢 Individual miners such as Newmont 📉 Or staying out after the recent run?

Would you actually put 10–15% of your portfolio into gold?

$Eldorado(EGO)$

$Anglogold Ashanti(AU)$

$Gold Fields(GFI)$

$Kinross(KGC)$

$Newmont Mining(NEM)$

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