🚨 HISTORY IS STARTING TO RHYME AGAIN
The financial crisis of 2008 started when gold was at all-time highs.
Today, the same pattern seems to be forming again.
Current picture:
#GOLD $5,000 and above
#Silver $110 and above
#platinum and
#Palladium consistently on the upside
This movement does not usually occur in healthy economic cycles.
This is not a simple commodity rally.
Gold and silver move like this when market trust shifts.
Gold does not vertically accelerate during growth optimism.
In stable conditions, silver does not outperform gold.
Both are strong together when:
liquidity is uncertain
questions begin to arise about paper assets
long-term duration risk becomes difficult to hedge
Exactly the same situation existed before 2008.
In 2007, the problem was mortgage duration.
Today, the pressure is on sovereign debt duration.
The result is silent selling pressure — without headlines.
In 2008, stress flowed towards the U.S. dollar.
Today, stress is flowing out of the dollar.
The dollar is no longer playing that role strongly:
funding instrument
duration hedge
safe collateral benchmark
These things are quietly being questioned.
When this happens, capital naturally moves towards those assets
that have no counterparty risk.
Key Difference: 2008 vs Today
In 2008, gold moved early, and silver came later.
There was more confidence in central banks then.
Today, gold and silver are moving together.
Central banks are net buyers.
Sovereign debt levels are very high.
And the dollar itself has become the center of stress.
Crises do not start from fear.
They start when the system's flexibility begins to run out.
I have been calling major market tops and bottoms for the last 10 years.
When the next important development happens, I will share it first with my followers.
The rest will understand later — as always.
$XAU
#CZAMAonBinanceSquare