Welcome back to Fast Money. Gold's rally shining even brighter. The precious metal hitting a fresh all-time high today as the US dollar continues to weaken.Gold miners also climbing the GDX up 20% over the past month and riding an 8-week winning streak. All these moves coming as the US gold reserve surpasses more than $1 trillion in value. Guy, >> yeah, that we'll shove that for a second.But you know, the dollar's lost I it's been the worst year for the dollar since 1973. dollar's lost 95% of its value sinc ...

The US dollar has started an event-loaded week with declines https://t.co/7yBmNOsfL3 ...

⚡ INSIGHT: ETF analyst Nate Geraci predicts that several applications for Solana staking ETFs could receive US approval by mid-October, Eric Trump said stablecoins could preserve the US dollar’s strength, and other news.Hodler's Digest via Cointelegraph Magazine https://t.co/9RHDkg5To9 ...

The Canadian dollar’s increasingly tight linkage to the US dollar risks dragging the loonie lower against global peers as the greenback weakens, according to RBC Capital Markets https://t.co/aEfrYTo6Wn ...

Market Trends & Industry Dynamics - China is easing gold trade licensing [1] - China aims to diversify reserves away from the US dollar [1]

Crypto Policy & US Dollar - The industry believes the President's understanding of Bitcoin evolved from skepticism to acceptance through increased exposure and better explanations of its potential [1] - The industry suggests the President, as an entrepreneur, recognized the opportunity for the country and the Republican Party in crypto [2] - The industry highlights the President's initial concern that Bitcoin could undermine the US dollar [3] - The industry reframed Bitcoin as a "digital gold" akin to Fort Knox, arguing that storing digital gold would strengthen, not weaken, the US dollar [4][5] - The industry advocated for building a "digital Fort Knox" to store digital gold, aiming to extend the lifespan and relevance of the US dollar [5] Strategic Implications - The industry emphasizes the importance of reframing the discussion around the benefits of Bitcoin to the US financial and monetary system to gain support [5] - The industry views the President's support as a turning point for crypto policy in the US [3] - The industry is thankful for the President's stewardship of crypto policy [3]

Inflation is a silent thief.The US dollar has lost at least 50% in the last 30 years. https://t.co/Jpv4KC0BJr ...

Market Trends - The dollar potentially experienced a near 50% decrease in value [1] - Gold price nearly doubled [1][3] Inflation Analysis - The actual inflation rate is reflected by the rate at which informed investors are moving away from the US dollar and investing in tangible assets [1]

Market Expectations & Fed Policy - The market anticipates a potential rate cut, with initial euphoria possibly waning due to comments from a Fed president and resilient PMI data [2] - Expectations for a September rate cut have decreased to approximately 70% [3] - The market is awaiting Chair Powell's speech at 10:00 a m Eastern time for clarity on the Fed's stance, particularly regarding the labor market and inflation [1][3][4] - The investor community is particularly interested in whether the Fed will prioritize the jobs market over inflation, considering tariff-related price increases as potentially "transitory" [7] Economic Data & Analysis - Despite firming inflation, significant price increases expected from initial tariff deals have not materialized [6] - There have been massive revisions to jobs reports, including a large yearly revision of nearly 1 million jobs earlier in the year [6] - Carson Group's research indicates that historically, if the Fed cuts rates in September, the market tends to be down 1% the following month but up almost 13% the following year [9] Investment Strategies & Recommendations - The analysis suggests diversifying risk portfolios globally, by sector, and by factor, with a potential shift towards value investing [11] - Gold is suggested as a potential hedge against a weakening US dollar, especially as the Fed potentially enters a second phase of easing with GDP running at approximately 2% [12][14] - The expectation is for the Fed to implement a 25 basis points cut, primarily influenced by the labor market [11] Future Outlook - The key question is whether the market's expectation of two rate cuts by 2025 will be met or exceeded [10] - The US debt situation and its impact on the dollar's strength are significant factors influencing investment decisions [13]

Market Trends & Capital Flows - A significant asset allocation shift away from the US dollar in international portfolios was observed, particularly into European equities, leading to their outperformance [2] - This asset allocation shift was most aggressive from March to June, with Asia following later, peaking in June [3][6] - The US dollar has stabilized in the last six weeks [7] Monetary Policy & Economic Factors - The Federal Reserve's actions will define the next move for the US dollar [3] - The Fed faces a tricky balancing act between unemployment and inflation [4] - The market is closely watching the labor market to determine if the Fed will cut rates [7] - A hawkish rate cut is expected in September, but the Fed is unlikely to commit to a multi-cut path due to inflation concerns [9] - Tariffs are expected to increase again by October, potentially impacting inflation [8] US Dollar & Government Influence - The US Treasury Secretary has expressed a desire for a weaker US dollar [10] - The US influence on the dollar is primarily through verbal interventions rather than direct control like China [11][12] - The cyclical state of the US relative to the rest of the world will ultimately determine the dollar's value [12] - The tariff push is expected to be paid for mostly by consumers, potentially leading to a decrease in consumption towards the end of the year [13]