Reversion of a Lifetime Could Have Found a Spark A bit of normalization in buried US Treasury prices vs. gold and elevated stock-market capitalization vs. public debt may have found a spark for reversion. The Fed's shift to hiking rates and the Democratic sweep in the midterms represent a significant reversal of primary underpinnings that buoyed dollar-based gold to the highest-velocity rally in its history, in a disinflationary environment, culminating in the Jan. 29 peak near $5,600 an ounce. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/toc198kgifq4 {BI COMD} #gold #bonds #etfs @BBGIntelligence