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Bank Syz Ltd. accepts no liability for any loss arising from the use of this document. ## Straight from the Desk # **Syz** the moment Live feeds, charts, breaking stories, all day long. - [All](https://blog.syzgroup.com/syz-the-moment) - [equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) - [United States](https://blog.syzgroup.com/syz-the-moment/tag/united-states) - [Macroeconomics](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) - [Food for Thought](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thought) - [markets](https://blog.syzgroup.com/syz-the-moment/tag/markets) - [Central banks](https://blog.syzgroup.com/syz-the-moment/tag/central-banks) - [bitcoin](https://blog.syzgroup.com/syz-the-moment/tag/bitcoin) - [Fixed Income](https://blog.syzgroup.com/syz-the-moment/tag/fixed-income) - [geopolitics](https://blog.syzgroup.com/syz-the-moment/tag/geopolitics) - [AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) - [europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) - [Asia](https://blog.syzgroup.com/syz-the-moment/tag/asia) - [gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) - [Commodities](https://blog.syzgroup.com/syz-the-moment/tag/commodities) - [investing](https://blog.syzgroup.com/syz-the-moment/tag/investing) - [Technology](https://blog.syzgroup.com/syz-the-moment/tag/technology) - [Crypto](https://blog.syzgroup.com/syz-the-moment/tag/crypto) - [technical analysis](https://blog.syzgroup.com/syz-the-moment/tag/technical-analysis) - [nvidia](https://blog.syzgroup.com/syz-the-moment/tag/nvidia) - [oil](https://blog.syzgroup.com/syz-the-moment/tag/oil) - [china](https://blog.syzgroup.com/syz-the-moment/tag/china) - [ETF](https://blog.syzgroup.com/syz-the-moment/tag/etf) - [earnings](https://blog.syzgroup.com/syz-the-moment/tag/earnings) - [Forex](https://blog.syzgroup.com/syz-the-moment/tag/forex) - [energy](https://blog.syzgroup.com/syz-the-moment/tag/energy) - [banking](https://blog.syzgroup.com/syz-the-moment/tag/banking) - [magnificent-7](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7) - [Alternatives](https://blog.syzgroup.com/syz-the-moment/tag/alternatives) - [Volatility](https://blog.syzgroup.com/syz-the-moment/tag/volatility) - [Real Estate](https://blog.syzgroup.com/syz-the-moment/tag/real-estate) - [apple](https://blog.syzgroup.com/syz-the-moment/tag/apple) - [emerging-markets](https://blog.syzgroup.com/syz-the-moment/tag/emerging-markets) - [google](https://blog.syzgroup.com/syz-the-moment/tag/google) - [Middle East](https://blog.syzgroup.com/syz-the-moment/tag/middle-east) - [switzerland](https://blog.syzgroup.com/syz-the-moment/tag/switzerland) - [tesla](https://blog.syzgroup.com/syz-the-moment/tag/tesla) - [United Kingdom](https://blog.syzgroup.com/syz-the-moment/tag/united-kingdom) - [amazon](https://blog.syzgroup.com/syz-the-moment/tag/amazon) - [microsoft](https://blog.syzgroup.com/syz-the-moment/tag/microsoft) - [assetmanagement](https://blog.syzgroup.com/syz-the-moment/tag/assetmanagement) - [ethereum](https://blog.syzgroup.com/syz-the-moment/tag/ethereum) - [meta](https://blog.syzgroup.com/syz-the-moment/tag/meta) - [russia](https://blog.syzgroup.com/syz-the-moment/tag/russia) - [Industrial-production](https://blog.syzgroup.com/syz-the-moment/tag/industrial-production) - [Healthcare](https://blog.syzgroup.com/syz-the-moment/tag/healthcare) - [ESG](https://blog.syzgroup.com/syz-the-moment/tag/esg) - [Global Markets Outlook](https://blog.syzgroup.com/syz-the-moment/tag/global-markets-outlook) - [Turkey](https://blog.syzgroup.com/syz-the-moment/tag/turkey) - [inflation](https://blog.syzgroup.com/syz-the-moment/tag/inflation) - [bankruptcy](https://blog.syzgroup.com/syz-the-moment/tag/bankruptcy) - [brics](https://blog.syzgroup.com/syz-the-moment/tag/brics) - [Market Outlook](https://blog.syzgroup.com/syz-the-moment/tag/market-outlook) - [performance](https://blog.syzgroup.com/syz-the-moment/tag/performance) - [africa](https://blog.syzgroup.com/syz-the-moment/tag/africa) - [LLM](https://blog.syzgroup.com/syz-the-moment/tag/llm) - [Global](https://blog.syzgroup.com/syz-the-moment/tag/global) - [Market News](https://blog.syzgroup.com/syz-the-moment/tag/market-news) - [Weekly Equities](https://blog.syzgroup.com/syz-the-moment/tag/weekly-equities) Show more 10 Oct 2025 - - - #### SPDR gold ETF $GLD went crazy yesterday, seeing $12.5b in volume, easily most in decade (for context that's more than most of the Mag 7 traded). Only other time it's been that high was in 2013 during the Greek debt crisis h/t @Todd\_Sohn Source: Eric Balchunas, Bloomberg [#ETF|](https://blog.syzgroup.com/syz-the-moment/tag/etf) [#gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) ![SPDR gold ETF $GLD went crazy yesterday, seeing $12.5b in volume, easily most in decade](https://blog.syzgroup.com/hubfs/6-Oct-10-2025-01-29-38-5657-PM.jpg) ![SPDR gold ETF $GLD went crazy yesterday, seeing $12.5b in volume, easily most in decade](https://blog.syzgroup.com/hubfs/6-Oct-10-2025-01-29-38-5657-PM.jpg) 10 Oct 2025 - - - #### Same same... Below is a 30 min chart of the Nasdaq index and gold since September.... Stocks and gold have moved in close tandem over the past weeks when the last squeeze started. Slightly illogical given the fact gold is, at least partly, a fear hedge. It could be that the same short term money is just chasing momentum, irrespective of "logic". Source: The Market Ear [#equities|](https://blog.syzgroup.com/syz-the-moment/tag/equities) [#gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) ![Same same... Below is a 30 min chart of the Nasdaq index and gold since September....](https://blog.syzgroup.com/hubfs/4-Oct-10-2025-01-24-46-7933-PM.jpg) ![Same same... Below is a 30 min chart of the Nasdaq index and gold since September....](https://blog.syzgroup.com/hubfs/4-Oct-10-2025-01-24-46-7933-PM.jpg) 9 Oct 2025 - - - #### When geopolitical & socio-economic tensions rise, both people & nations turn to hard assets. One big buyer in particular has been Beijing. China has been swapping Treasuries for gold for years, lifting reserves to over 74m ounces. 👉 This is a reflection of both state policy and popular sentiment: hedging against dollar risk, sanctions, and China’s own shaky property and stock markets. Source: Chamath Palihapitiya @chamath, Steno Research, Bloomberg [#gold|](https://blog.syzgroup.com/syz-the-moment/tag/gold) [#geopolitics](https://blog.syzgroup.com/syz-the-moment/tag/geopolitics) ![When geopolitical & socio-economic tensions rise, both people & nations turn to hard assets.](https://blog.syzgroup.com/hubfs/10-Oct-09-2025-03-10-41-5626-PM.jpg) ![When geopolitical & socio-economic tensions rise, both people & nations turn to hard assets.](https://blog.syzgroup.com/hubfs/10-Oct-09-2025-03-10-41-5626-PM.jpg) 9 Oct 2025 - - - #### Gold is now above $4,000/oz, and who would’ve thought silver would remain this cheap relative to gold? Source: Tavi Costa, Macro Trends [#Commodities|](https://blog.syzgroup.com/syz-the-moment/tag/commodities) [#gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) ![Gold is now above $4,000/oz, and who would’ve thought silver would remain this cheap relative to gold?](https://blog.syzgroup.com/hubfs/9-Oct-09-2025-03-09-34-5744-PM.jpg) ![Gold is now above $4,000/oz, and who would’ve thought silver would remain this cheap relative to gold?](https://blog.syzgroup.com/hubfs/9-Oct-09-2025-03-09-34-5744-PM.jpg) 9 Oct 2025 - - - #### Gold vs stocks Source: Bloomberg, Tracy Shuchart (𝒞𝒽𝒾 ) [#equities|](https://blog.syzgroup.com/syz-the-moment/tag/equities) [#gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) ![Gold vs stocks](https://blog.syzgroup.com/hubfs/3-Oct-09-2025-03-00-12-1964-PM.jpg) ![Gold vs stocks](https://blog.syzgroup.com/hubfs/3-Oct-09-2025-03-00-12-1964-PM.jpg) 9 Oct 2025 - - - #### Bitcoin will become a “pillar of financial security,” like gold, and be included in international monetary institutions' official reserves by 2030, per Deutsche Bank. Source: Bitcoin news [#gold|](https://blog.syzgroup.com/syz-the-moment/tag/gold) [#bitcoin](https://blog.syzgroup.com/syz-the-moment/tag/bitcoin) ![Bitcoin will become a “pillar of financial security,” like gold, and be included in international monetary institutions' official reserves by 2030, per Deutsche Bank.](https://blog.syzgroup.com/hubfs/1-Oct-09-2025-02-58-25-5846-PM.jpg) ![Bitcoin will become a “pillar of financial security,” like gold, and be included in international monetary institutions' official reserves by 2030, per Deutsche Bank.](https://blog.syzgroup.com/hubfs/1-Oct-09-2025-02-58-25-5846-PM.jpg) 7 Oct 2025 - - - #### Goldman is raising their gold price Dec2026 forecast to $4,900 (prior $4,300) Source: Goldman Sachs [#Commodities|](https://blog.syzgroup.com/syz-the-moment/tag/commodities) [#gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) ![Goldman is raising their gold price Dec2026 forecast to $4,900 (prior $4,300)](https://blog.syzgroup.com/hubfs/5-Oct-07-2025-12-16-47-5566-PM.jpg) ![Goldman is raising their gold price Dec2026 forecast to $4,900 (prior $4,300)](https://blog.syzgroup.com/hubfs/5-Oct-07-2025-12-16-47-5566-PM.jpg) 7 Oct 2025 - - - #### Ken Griffin says investors are flocking to gold and ditching the dollar to “de-risk their portfolios from U.S. sovereign risk.” Source: Bloomberg [#gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) ![Ken Griffin says investors are flocking to gold and ditching the dollar to “de-risk their portfolios from U.S. sovereign risk.”](https://blog.syzgroup.com/hubfs/3-Oct-07-2025-11-51-43-3488-AM.jpg) ![Ken Griffin says investors are flocking to gold and ditching the dollar to “de-risk their portfolios from U.S. sovereign risk.”](https://blog.syzgroup.com/hubfs/3-Oct-07-2025-11-51-43-3488-AM.jpg) ❮❮ [❮](https://blog.syzgroup.com/syz-the-moment/tag/gold/page/16) [15](https://blog.syzgroup.com/syz-the-moment/tag/gold/page/15) [16](https://blog.syzgroup.com/syz-the-moment/tag/gold/page/16) [17](https://blog.syzgroup.com/syz-the-moment/tag/gold/page/17) [18](https://blog.syzgroup.com/syz-the-moment/tag/gold/page/18) [19](https://blog.syzgroup.com/syz-the-moment/tag/gold/page/19) [❯](https://blog.syzgroup.com/syz-the-moment/tag/gold/page/18) [❯❯](https://blog.syzgroup.com/syz-the-moment/tag/gold/page/54?hsLang=en) ## **Thinking** out loud Sign up for our weekly email highlighting the most popular posts. 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