The Kobeissi Letter(@KobeissiLetter):What's happening now in gold and crypto should not come as a surprise. If it does come as a surprise, you are likely not following the correct leading indicators. This is the era of US Treasury intervention, elevated inflation, and record deficit spending. Below is a clip of our founder, @TKL_Adam, on Fox Business with @cvpayne exactly 37 days ago. As gold fell below $4,000/oz, we began calling for a rally to $4,500+ as market conditions were clearly shifting. Since then, gold has added +$4.5 trillion in market cap, Bitcoin is up +30%, and yields are roughly unchanged. Keep following the leading indicators. Asset owners are the only winners in this market.

2026.08.21 13:31

What's happening now in gold and crypto should not come as a surprise. If it does come as a surprise, you are likely not following the correct leading indicators. This is the era of US Treasury intervention, elevated inflation, and record deficit spending. Below is a clip of our founder, @TKL_Adam, on Fox Business with @cvpayne exactly 37 days ago. As gold fell below $4,000/oz, we began calling for a rally to $4,500+ as market conditions were clearly shifting. Since then, gold has added +$4.5 trillion in market cap, Bitcoin is up +30%, and yields are roughly unchanged. Keep following the leading indicators. Asset owners are the only winners in this market.