Gold Is Waiting on One Thing

Friday, April 3, 2026   What You'll Learn:  Why the yield curve quietly drives gold more than headlines What the 10s-2s spread is actually telling us right now The one shift that could unlock the next real move in gold This is the one people ignore because it's not obvious.   It's not clean like price. It doesn't trend nicely. It doesn't make headlines.   But it matters. A lot.   Gold doesn't just move on fear. It moves on expectations, liquidity, and real rates. And the yield curve sits right in the middle of that conversation.   The 10s-2s spread is one of the clearest ways to see it.   Lately, the short end has been pushing higher.   The market is starting to price in the idea that inflation could force the Fed's hand again.   Maybe. But I have a hard time believing the Fed is going to aggressively hike into an environment that already feels fragile. That's usually not how this plays out. What tends to happen instead is something breaks first. Credit. Growth. Liquidity. Something gives. And when that happens, the curve doesn't stay compressed. It doesn't stay inverted. It steepens. That's the shift. That's when the entire tone of the market changes. And that's when gold stops chopping around and actually starts trending. Not because of a headline. Not because of a narrative. But because the underlying conditions finally aligned. That's the move you're waiting for.     Jason Perz, Sam Gatlin, and JC Parets just went live for Making Money From Inflation, and the replay is now available.   They break down where energy is headed next, what's setting up behind this move, and the position sizing framework that separates winners from everyone else in commodity cycles.   Watch the replay here.   Sam Gatlin and Jason Perz | Supercycle Stocks | Save The Bees All Star Charts emails are a financial publication of general circulation and only offers impersonal advice, not tailored to individual needs of a specific client or group. Any comments or statements made herein do not necessarily reflect those of All Star Charts or its affiliates (collectively, "All Star Charts") and do not constitute buy or sell recommendations. Unless specifically indicated, this message is not an official confirmation of any transaction. The contents of any email communications to or from All Star Charts may be monitored or reviewed at All Star Charts's discretion. All Star Charts accepts no responsibility for any loss or damage arising in any way from the use of this transmission and any attachments; it is the responsibility of the recipient to ensure that they are virus free. If you reply to this email, please note that we are a public investor and do not want any material non-public information. We do not agree to keep confidential any information you provide and do not agree to any restrictions on our trading activity, except pursuant to a written confidentiality agreement executed by All Star Charts. Want to change how you receive these emails? You can manage your preferences here unsubscribe. © 2026 All Star Charts 624 Broadway, Suite 405 San Diego, CA 92101