💣 The Next Move Could Be Violent

August 9, 2025 >> The Explosive Mix That Could Catapult Gold Beyond All Records

💡 New on Macro Mornings? Start here

🎯 This is part of a series designed for PRO investors who want real-time updates on macroeconomic news through my advanced insights. Feel free to catch up on previous emails here if you'd like to start from the beginning!

Dear all,

This year, I’ve been watching gold with the same kind of focus you’d give to an unfolding drama - every move matters.

In 2025 alone, gold has surged 28% ytd and a remarkable 43% over the past 12 months, more than doubling the S&P 500’s ~21% return over the same period.

On the leaderboard of global assets, gold sits at the very top with a 29% total return, eclipsing equities, bonds, and even Bitcoin.

On a risk-adjusted basis, it’s even more impressive: a 2.0 ratio compared to high-yield credit’s 1.7 and investment-grade credit’s 1.3.

The last time I saw such dominance was in 2010 - 2011, when gold soared nearly 47% in a year.

But unlike that period - fueled by a narrow set of fears - today’s climb feels anchored in deep, structural changes that could persist.

---

⭐️ This is a paid content, so scroll to read it…

If you're a PRO subscriber, make sure you're logged in to access the full piece.

If you're still a FREE reader, you have two exclusive options to unlock this special edition and all past PRO content:

---

1. 👉 Pro Membership from 30% to 40% OFF - forever. Only while spots last:

🎁 PRO Member - $268/year or $22/month (Regularly $447) [Click here]
🎁 Lifetime - $621 one time only or $10/month (Regularly $887) [Click here]

These prices it’s locked forever.

---

2. 👉 Or start your 7-day FREE Trial - explore everything without any risk.

If you're serious about understanding what comes next - and acting before the crowd - this email is your edge.