According to The Kobeissi Letter, gold prices have surged by 114% since March 2020, significantly outperforming the bond market, as indicated by the popular bond-tracking ETF, $TLT, which has declined by 45%. This remarkable shift in investment sentiment towards gold is attributed to several factors, including economic instability and inflation concerns, which have increased gold's appeal as a safe-haven asset. Traders are advised to consider the continued volatility in the bond market and the potential for further gains in gold as part of their diversified investment strategies.

According to The Kobeissi Letter, gold has outperformed stocks over the past 20 years with a 620% increase compared to a 580% gain in the S&P 500. In the last 9 months, gold has surged by over $1,000/oz, indicating potential economic concerns. Traders are advised to consider gold as a hedge against market volatility.