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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 22 Aug 2025 - - - #### Belated "Nixon closing the gold window anniversary" post SPX priced in gold (blue) v. SPX priced in USD (red) since August 1971 when Nixon closed the gold window. Source: Luke Gromen @LukeGromen [#equities|](https://blog.syzgroup.com/syz-the-moment/tag/equities) [#gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) ![Belated ](https://blog.syzgroup.com/hubfs/image1-Aug-22-2025-01-22-57-0134-PM.jpg) ![Belated ](https://blog.syzgroup.com/hubfs/image1-Aug-22-2025-01-22-57-0134-PM.jpg) 20 Aug 2025 - - - #### Gold is unlike other commodities – it is not consumed; it is stored. Nearly all gold ever mined – about 220,000 tonnes – still exists, and this above-ground stock dwarfs annual mine supply. - From Goldman's primer on gold Source: zerohedge [#Commodities|](https://blog.syzgroup.com/syz-the-moment/tag/commodities) [#gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) ![Gold is unlike other commodities – it is not consumed; it is stored.](https://blog.syzgroup.com/hubfs/image12-Aug-20-2025-02-24-02-6508-PM.jpg) ![Gold is unlike other commodities – it is not consumed; it is stored.](https://blog.syzgroup.com/hubfs/image12-Aug-20-2025-02-24-02-6508-PM.jpg) 19 Aug 2025 - - - #### Gold ETFs Breach 92 Million-Ounce Threshold Bloomberg's measure of total gold ETF holdings jumped to a two-year high. At 92.7 million ounces on Aug. 15, my graphic shows this metric surpassing the 92 million threshold first reached in 2020, but with a big difference - stock market volatility was rising then. Source: Mike McGlone, Bloomberg [#ETF|](https://blog.syzgroup.com/syz-the-moment/tag/etf) [#gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) ![Gold ETFs Breach 92 Million-Ounce Threshold](https://blog.syzgroup.com/hubfs/image14-Aug-19-2025-02-06-54-2797-PM.jpg) ![Gold ETFs Breach 92 Million-Ounce Threshold](https://blog.syzgroup.com/hubfs/image14-Aug-19-2025-02-06-54-2797-PM.jpg) 18 Aug 2025 - - - #### The average professional fund manager allocation toward crypto is 0.3% of AUM. 75% of Fund Managers have ZERO allocation. BofA's Hartnett: "Raise Allocations To Gold And Crypto Because Yield Curve Control Is Coming" Source: BofA [#Crypto|](https://blog.syzgroup.com/syz-the-moment/tag/crypto) [#gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) ![The average professional fund manager allocation toward crypto is 0.3% of AUM.](https://blog.syzgroup.com/hubfs/image14-Aug-18-2025-09-35-26-6866-AM.jpg) ![The average professional fund manager allocation toward crypto is 0.3% of AUM.](https://blog.syzgroup.com/hubfs/image14-Aug-18-2025-09-35-26-6866-AM.jpg) 18 Aug 2025 - - - #### What looks like gold going up is really the dollar going down. Source: Mr. Uppy @MisterUppy [#Forex|](https://blog.syzgroup.com/syz-the-moment/tag/forex) [#gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) ![What looks like gold going up is really the dollar going down.](https://blog.syzgroup.com/hubfs/image8-Aug-18-2025-09-11-06-9455-AM.jpg) ![What looks like gold going up is really the dollar going down.](https://blog.syzgroup.com/hubfs/image8-Aug-18-2025-09-11-06-9455-AM.jpg) 14 Aug 2025 - - - #### It is often a very good sign when you see strong momentum & trend in a sector / segment of the market while fund flows are lagging. This has been the case for gold miners (e.g VanEck Gold Miners ETF $GDX) - see chart below. We've seen the first significant inflow in the GDX in the last six months. Despite the great GDX performance of 45+% during this period, six-month net flows are still very negative at -$2.54B. 🪙👇 Source: Oliver Groß @minenergybiz [#ETF|](https://blog.syzgroup.com/syz-the-moment/tag/etf) [#gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) ![It is often a very good sign when you see strong momentum & trend in a sector / segment of the market while fund flows are lagging.](https://blog.syzgroup.com/hubfs/image10-Aug-14-2025-08-24-35-2324-AM.jpg) ![It is often a very good sign when you see strong momentum & trend in a sector / segment of the market while fund flows are lagging.](https://blog.syzgroup.com/hubfs/image10-Aug-14-2025-08-24-35-2324-AM.jpg) 12 Aug 2025 - - - #### Incredible charts by BofA... Bitcoin and gold are the two best best performing assets YTD and over the last few years... However, fund managers are massively under-exposed to those 2 store of values... Indeed, 75% of fund managers have no exposure at all to cryptos. And even more surprisingly, 41% of fund managers have no exposure at all to gold... The least we can say is that they don't look as crowded trades... Source: BofA thru Callum Thomas [#gold|](https://blog.syzgroup.com/syz-the-moment/tag/gold) [#bitcoin](https://blog.syzgroup.com/syz-the-moment/tag/bitcoin) ![Incredible charts by BofA...](https://blog.syzgroup.com/hubfs/image10-Aug-12-2025-07-27-39-6312-AM.jpg) ![Incredible charts by BofA...](https://blog.syzgroup.com/hubfs/image10-Aug-12-2025-07-27-39-6312-AM.jpg) 12 Aug 2025 - - - #### Gold had its worst day in 3 months Source: Barchart [#markets|](https://blog.syzgroup.com/syz-the-moment/tag/markets) [#gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) ![Gold had its worst day in 3 months](https://blog.syzgroup.com/hubfs/image5-Aug-12-2025-07-11-18-5951-AM.jpg) ![Gold had its worst day in 3 months](https://blog.syzgroup.com/hubfs/image5-Aug-12-2025-07-11-18-5951-AM.jpg) ❮❮ [❮](https://blog.syzgroup.com/syz-the-moment/tag/gold/page/21) [20](https://blog.syzgroup.com/syz-the-moment/tag/gold/page/20) [21](https://blog.syzgroup.com/syz-the-moment/tag/gold/page/21) [22](https://blog.syzgroup.com/syz-the-moment/tag/gold/page/22) [23](https://blog.syzgroup.com/syz-the-moment/tag/gold/page/23) [24](https://blog.syzgroup.com/syz-the-moment/tag/gold/page/24) [❯](https://blog.syzgroup.com/syz-the-moment/tag/gold/page/23) [❯❯](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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