"This is what we generally want to see in the later stages of a cyclical bull market"
"Pay attention to what consumers and executives do, not just what they say"
"Contrary to widespread fears about the economic outlook, key credit indicators are turning more bullish"
"Almost the entire increase in the gold share of reserves since 2009 is a function of the rising market price of gold itself"
"Every major asset class is in the green so far this year, the first time we've seen that since 2019"
"This year’s flows have been so furious that every month has run at roughly 3.5 times the usual seasonal average"
