GOLD at Record Highs, Who Is REALLY Driving It | Michael Howell

Global liquidity has reached record highs, but according to Michael Howell, the real story is that momentum is fading. In this interview, we discuss why China may be driving the gold rally, why bonds could outperform later in the cycle, and how liquidity flows are shaping markets, risk assets, and global capital today. #gold #stockmarket #china ------------ 👨‍💼 Guest: Michael Howell 🏢 Company: CrossBorder Capital 🌎 https://capitalwars.substack.com/ 𝕏 @crossbordercap 📅 Recording date: February 23rd, 2026 --------------------- 📆 Save the Date 📆 DEUTSCHE GOLDMESSE May 15 & 16, 2026 in Frankfurt, Germany www.deutschegoldmesse.com FREE Registration for Investors! --------------------- 📰 Up-to-Date Commodity Prices & Commentary 📰 👉 Clear Commodity Network 👈 🌎 https://clearcommodity.net/ 🌎 ►► Follow Us! ◄◄ Twitter: / soarfinancial Website: http://www.soarfinancial.com/ --------------------- 00:00 Intro — Record Global Liquidity Explained 01:16 Global Liquidity Hits New Highs 03:25 Why US & China Are Injecting Money 05:01 China Stimulus & Gold Surge 07:04 Liquidity Cycle Framework Explained 09:06 Asset Rotation Through the Cycle 12:06 Where Investors Should Position Now 13:15 Bonds vs Gold Debate 15:26 China vs US Liquidity Divergence 16:36 Bond Market Signals & Yield Curve 19:35 Bitcoin vs Liquidity Correlation 21:15 Why Gold Keeps Rising 23:18 China Debt & Liquidity Strategy 25:52 Is Global Debasement Coming? 29:31 SCOTUS Tariffs & Market Impact 31:20 New Fed Chair & Balance Sheet Risks 35:04 Debt Refinancing & Bond Market Stability 38:06 Final Outlook — Gold, Bonds & Liquidity 39:04 Closing Thoughts --------------------- **Disclaimer:** Some of the links presented might be affiliate links. We might receive a commission if a purchase is made using those links! Unless specifically disclosed, all information available on Soar Financial and its affiliates or partners should be considered as non-commercial in nature. None of the content produced by Soar Financial should be considered an endorsement, offer or recommendation to buy or sell securities. Soar Financial is not registered with any financial or securities regulatory authority in Canada, the US, Europe, or the UK, and does not provide, nor claim to provide, investment advice or recommendations to any consumer of the content that Soar Financial produces and publicizes. Always do your own due diligence and/or consult a qualified legal, tax, or investment professional if personal advice is deemed necessary. Soar Financial and its related companies (including its directors, employees, and representatives) or a connected person may hold equity positions in securities detailed in communications. When this occurs a disclosure will be made. Disclosures on social media will be made using the hashtag #coi (short for conflict of interest). Soar Financial, its affiliates, and their respective directors, officers, employees, or agents expressly disclaim any liability for losses or damages, whether direct, indirect, special, or consequential, or other consequences, howsoever caused, arising out of any use or reproduction of this site or any decision made or action taken in reliance upon the produced content of Soar Financial, whether authorized or not. By accessing Soar Financial’s content, each consumer of Soar Financial content releases Soar Financial, its affiliates, and their respective officers, directors, agents, and employees from all claims and proceedings for such losses, damages, or consequences. #Gold #Liquidity #MacroEconomics #FederalReserve #BondMarket #ChinaEconomy #Investing #GlobalMarkets #MarketOutlook #FinancialNews #MacroInvesting #Geopolitics #Economy #Recession #Bitcoin #Inflation #USMarkets #Trading #Commodities #SoarFinancially