Shocking stat of the day: Gold prices have now posted their 8th consecutive quarterly gain, the third-longest streak on record. This trails only the 9-quarter run in 2019-2020 and the record 12-quarter streak from 2009-2011. Over this stretch, gold prices have surged +108%, the biggest rally since March 1981. By comparison, gold prices jumped +250% between 1977 and 1981. Gold prices are now just ~3% away from the historic $4,000 level. Truly unprecedented.