🥇 Gold is having its best year since 1979 (the year of the post-Bretton Woods rally blow off top).

It's up 64.5% year to date and 143.8% since 2019. We haven't had a stretch of years this good since before, during, and after the Great Financial Crisis.

For the record: in 1979, gold's annual return was 126.5%. Just to give you an idea of what's possible.

And that's from the era where you could do things like take the FFR to 18% or balance the congressional budget, so imagine where this can go in lieu of those...

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🟥Global Gold Reserves: The United States of America vs. The World [Sept 26] (+ Addendum on Europe)
🟩In Lieu of Glistening Gold, European Eyes Evince Gleams of Hollow Hope [Sept 30, NFU]
🟥Summary of Key Posts on Gold Through Q3 [Oct 2]
🟥The Gold/Silver Ratio Drops [Dec 2]
🟥Central Banks Still Buying Gold For an Ugly Tomorrow [Dec 5]
🟥The 50 Year Return on Gold Exceeds Bonds [Dec 7]
🟥Debasement Trade Goes Mainstream [Dec 14]
🟩Gold Priced in S&P 500 Shares Tells a Story [Dec 21, NFU]

📈 I N T E L R U N N E R 📈

🇺🇸 The Polymarket odds for a bank failure are floating around 30%. The labor market is weakening, and precious metals are not responding to margin hike manipulation by CME.

As Graham Summers & others pointed out, this is fairly likely to indicate some very critical, well-connected financial entity—perhaps something like a Globally Systemically Important Bank—is suffering from a whole lot of precious metals shorts.

📊 I N T E L R U N N E R 📊