The Kobeissi Letter|8月 21, 2026 13:35
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.(The Kobeissi Letter)
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