Mike McGlone|Aug 25, 2026 11:47
Gold's Surging Premium Signals Approaching Endgame vs. Bonds
The price of gold has surged to its greatest premium vs. the Bloomberg US Long Treasury Total Return index since 1987, the government has started buying long bonds, and the stock market is the highest vs. public debt since about 2002. From a simple relative-value and assets-vs.-liabilities standpoint, this may be a reversion tinderbox awaiting a spark.
Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/tkbii8rkv2tg {BI COMD}
#gold #bonds #stockmarket @Bloomberg(Mike McGlone)
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