by Tyler Durden

.....will come back with a vengeance and Powell would indeed be the "second coming" of a former Fed Chair - only Burns not Vlcker  - but because the kneejerk surge higher in gold (and digital gold) meant that the once again deathwatch for the dollar - and fiat in general - had resumed.

Well, with futures having opened for trading on Sunday night, what we joked about on Friday, namely that Powell - having seemingly once again lost control of the hawkish narrative - may be leaking emergency rate hikes though Nick Timiraos on Dec 12, ahead of the December FOMC (now that the Fed is in blackout mode)...

... is all too real because suddenly everything that is non printable is soaring, starting with gold, which has exploded as much as $60, spiking to a new all time high of $2,135...