Bob Elliott

In contrast, not seeing much price pressure in the gold market despite the escalating conflict in the gold-backed token market. Both XAUt and PAXG trading flat for most of the weekend. https://t.co/QcOcAo6dQG

@KurtBauerle Been just fine since gold was much easier to access after the GLD launch.

@KurtBauerle Been just fine since gold was much easier to access after the GLD launch.

@theonevortex The $GLD bid ask spread is a penny.

@theonevortex The $GLD bid ask spread is a penny.

Gold Rally Shows Modest Frothiness Flows clearly show a rising recent gold bid, but few signs of the excess we saw last Oct which paused the rally. With macro tailwinds intact, the rally still looks sustainable rather than overdone. https://t.co/d9W5AbpKyH https://t.co/ZhxPXn9aLP

The Convexity of Debasement In a world where global stock and bond markets represent greater than 250tln in savings, it doesn’t take much to create outsized rallies in the 700bln/yr transactions in the gold market. https://t.co/zYTitkRvZP https://t.co/WrRwhQrPt0

Central banks started to pull back the quantity of gold they were buying in '25 as prices rose sharply and odds are will pull back further in '26. It makes for a gold market that is much more reliant on Western financial flows than has been the case in recent years. https://t.co/6jCM8vJeVW

The Gold Rally Turns Speculative Western ETF inflows have driven gold to highs as central bank & Asian demand fades. Boomer bitcoin is an increasingly crowded trade, with near-term gains reliant on the broader speculative frenzy. https://t.co/vtGG3M9M0H https://t.co/vBv1bf6YeM

@DBclouds99 @WaterworldCapi1 @rev_cap @RelSentTech Maybe in some tweaky tactical sense among a small handful of investors. But the reality is 99% of investors in the West hold zero gold. Literally zero. And while funds like GLD have gotten a little uptick in flows of late, investors have net pulled over the last couple years. https://t.co/NjFhP4Bg74