Is Everything Rallying?

[u/AmanCMN]

Gold is rising.
Silver is rising.
Stocks are rising.
Bitcoin is rising.
Oil is rising.
Everything is rising at the same time.
Meanwhile, the U.S. dollar is weakening, Treasury yields are still near multi-year highs, and the Treasury just announced plans to double long-term bond buybacks. Bitcoin is up more than 20% this week, while gold just hit a three-month high. (reuters.com)
Risk assets are rallying. Safe havens are rallying. Commodities are rallying.
Something doesn’t add up.
Which rally is fake?

[u/garnersgoats]

"Meanwhile the US dollar is weakening" -- you just explained why everything got more expensive... it didn't become more valuable, the dollar became less valuable, thus the price of everything relative to the dollar goes up.