Gold SOARS, Dollar PLUNGES -- Global Flight from the Dollar?

Gold just smashed through all-time highs — COMEX futures hit $3,235.5/oz and spot prices followed, surging past $3,217.8/oz. The charts show massive volume spikes and sustained bullish momentum.

Why?

Because confidence in U.S. financial stability is evaporating. Trump’s “reciprocal tariff” debacle triggered a brutal market correction. And now, foreign investors are dumping U.S. Treasuries and parking their wealth in gold — a historic safe haven when trust in fiat collapses.

With wild swings in the stock market, it __appears__ to many people that folks sold their stocks and rolled that cash directly into Gold to preserve the wealth.

Worse, the US Dollar is also plunging on the Dollar Index against world currencies:

The U.S. Dollar has exited the room.

Once again, something is broken. pic.twitter.com/2FxZej9kbo

— The Kobeissi Letter (@KobeissiLetter) April 11, 2025

A single source who is good in matters financial, told me this morning "Treasury bonds will drop, forcing banks to recognize huge losses. Losses in liquidity will cause enormous sell offs in the stock market. Expect margin spiral sell-offs and bail-ins soon. You know what happens after that."

A SECOND source told me "Everyone knows they don't have a choice but to print trillions. Either it all burns to the ground and collapses, or they print trillions. there's not really an "in between" scenario since the dollar is not likely going to be backed by an energy / commodity basket anytime soon."

UPDATE 10:39 AM EDT --

Higher . . .