The 30-year yield has been touching 5%, and that is the danger zone. It has not gotten above materially, and it did a little bit ago. And I'll show you a chart ... your take on gold, the yellow ...

Prices for gold have climbed around 22% so far this year. The most active, June gold futures contract settled at $3,226.30 an ounce on ... (the green wave in the chart below) since late November ...

Chart 6: A surge of inflows into gold ETFs in H2 2024 almost fully reversed ... the highest in our 30-year data series, driven by higher mine production and recycling supply.

For the year, gold is up 30% and is now trading at all-time highs ... the Bitcoin ETF has still outperformed the gold ETF. The chart clearly shows an inflection point for Bitcoin around ...