Positions as of 29 September, 2026
It won’t take much less-hawkish Fedspeak or weaker economic data to slash Fed-rate-hike odds, hit the US dollar, and ignite gold’s next major surge higher.
The Bank of Korea hasn't expanded its gold reserves in 13 years. The country currently holds just over 104 tonnes of gold, about 1.1 percent of the country’s total reserves.
The US takes this massive natural advantage for granted....more freight in the US is moved by truck, rail, and pipeline, despite the fact that transport by barge is 10–30 times cheaper.
If foreign demand for dollars and Treasuries weakens, the United States faces a painful adjustment. Less demand means higher borrowing costs, greater downward pressure on the dollar...
Union Bancaire Privée hedge fund specialist Ricky Siao called hedge funds’ use of leverage “aggressive” and warned that it magnifies “systemic risks.”
Ira Epstein discusses the recent increase in market volatility, particularly in the metals and stock markets, noting significant intraday movements.
