Currency Report: The Breakout Heard Across The World

These days, we trade gold as a commodity.

But centuries ago, we used to trade commodities priced in gold. 

For this reason, among others, we like to think of Gold as more than a commodity or currency. Indeed, it’s a little bit of both… But it is really its own animal. 

And this cycle, it has been dominating all asset classes —commodities, bonds, and even stocks. And this is the case all across the world, in nearly every currency.

After four months of grinding sideways, gold is resolving higher against every major fiat — USD, EUR, GBP, JPY, CHF, CAD.

This isn’t just strength against the dollar. This is strength against money itself.  It’s breaking out everywhere:

Unlike most currency breakouts, this isn’t being driven by weakness in the Greenback. This rally is all about strength in gold. 

It’s structural. It’s global. 

And it is spreading to other precious metals, such as silver, which hit its highest level since 2011 today.

We’ve seen this movie before. In strong Dollar environments, gold often broke out versus global currencies before the dollar. 

This time, the script flipped: gold led against USD first, miners across the cap scale followed, and now we’re getting confirmation as the rest of the major currencies roll over to the yellow metal.

The more universal the breakout, the more durable the trend.

The message is clear: demand for gold isn’t isolated. It’s broad, it’s persistent, and it’s not slowing down yet. The path of least resistance is higher.

We want to be long gold — and long the miners that lead and follow.

Sam and Jason have been on top of the best setups in this space. Check out their latest report here: