According to The Kobeissi Letter, gold has added about $10 trillion in market capitalization over the past 12 months, rising approximately 55% (source: The Kobeissi Letter on X, Oct 13, 2025). According to The Kobeissi Letter, over the last 72 hours gold rallied on every headline while the S&P 500 erased roughly $2.5 trillion in five hours (source: The Kobeissi Letter on X, Oct 13, 2025). According to The Kobeissi Letter, they will explain what’s next in a follow-up thread (source: The Kobeissi Letter on X, Oct 13, 2025). According to the International Monetary Fund, Bitcoin’s correlation with U.S. equities increased notably after 2020, indicating that equity drawdowns can transmit volatility to crypto markets (source: IMF, Crypto Prices Move More in Sync With Stocks, Jan 2022).