A stock market that continues to tremble in the face of inflation and uncertain market data combined with a bitcoin market in a lengthened period of retrenchment means a bull market for gold is upon us. In a Tuesday morning note, commodities analyst Mike McGlone writes that gold is now at a 20% discount from its 2020 record high and while bitcoin is still a “headwind to its upside”, bitcoin’s own issues with resistance makes for the possibility of a price breakout. “Regaining its upward trajectory as Bitcoin pulls back to earth, gold is probably in the early recovery days from the steepest discount to its ... (full story)