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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 Thoughts](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thoughts) - [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) - [Asia](https://blog.syzgroup.com/syz-the-moment/tag/asia) - [gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) - [europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) - [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) - [Volatility](https://blog.syzgroup.com/syz-the-moment/tag/volatility) - [Alternatives](https://blog.syzgroup.com/syz-the-moment/tag/alternatives) - [Real Estate](https://blog.syzgroup.com/syz-the-moment/tag/real-estate) - [apple](https://blog.syzgroup.com/syz-the-moment/tag/apple) - [google](https://blog.syzgroup.com/syz-the-moment/tag/google) - [emerging-markets](https://blog.syzgroup.com/syz-the-moment/tag/emerging-markets) - [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) - [amazon](https://blog.syzgroup.com/syz-the-moment/tag/amazon) - [United Kingdom](https://blog.syzgroup.com/syz-the-moment/tag/united-kingdom) - [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) - [russia](https://blog.syzgroup.com/syz-the-moment/tag/russia) - [meta](https://blog.syzgroup.com/syz-the-moment/tag/meta) - [Healthcare](https://blog.syzgroup.com/syz-the-moment/tag/healthcare) - [Industrial-production](https://blog.syzgroup.com/syz-the-moment/tag/industrial-production) - [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) - [bankruptcy](https://blog.syzgroup.com/syz-the-moment/tag/bankruptcy) - [inflation](https://blog.syzgroup.com/syz-the-moment/tag/inflation) - [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 29 Jun 2026 - - - #### Gold isn't about cash flows or valuations. It's about trust. For centuries, gold anchored monetary systems and provided confidence when fiat currencies eventually lost it. Today, global debt has exploded to $350 trillion, while only about 25% of all fiat money is backed by the value of all the gold above ground, down from 60–100% throughout most of history. At the same time, governments continue printing money to finance ever-rising debt. China appears to understand this dynamic: it is simultaneously expanding debt and aggressively accumulating gold. If history rhymes, gold may not simply rise in price—it may be revalued as confidence in fiat currencies is tested. Source: jeroen blokland [#United States|](https://blog.syzgroup.com/syz-the-moment/tag/united-states) [#gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) ![Gold isn't about cash flows or valuations. It's about trust.](https://blog.syzgroup.com/hubfs/3-Jun-29-2026-03-30-59-2601-PM.jpg) ![Gold isn't about cash flows or valuations. It's about trust.](https://blog.syzgroup.com/hubfs/3-Jun-29-2026-03-30-59-2601-PM.jpg) 29 Jun 2026 - - - #### Could it be one of the most important breakouts developing in the entire commodity complex? Source: Tavi Costa, Bloomberg [#Commodities|](https://blog.syzgroup.com/syz-the-moment/tag/commodities) [#gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) ![Could it be one of the most important breakouts developing in the entire commodity complex?](https://blog.syzgroup.com/hubfs/1-Jun-29-2026-03-28-37-7873-PM.jpg) ![Could it be one of the most important breakouts developing in the entire commodity complex?](https://blog.syzgroup.com/hubfs/1-Jun-29-2026-03-28-37-7873-PM.jpg) 29 Jun 2026 - - - #### All the gold ever mined fits in a sphere 107 ft wide. 216,300 tonnes above ground. Worth around $29T That's it and that's the whole supply. It grows about 2% a year, and you can't print more. Source: Jack Prandelli on X, Visual Capitalist [#Commodities|](https://blog.syzgroup.com/syz-the-moment/tag/commodities) [#gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) ![All the gold ever mined fits in a sphere 107 ft wide.](https://blog.syzgroup.com/hubfs/1-Jun-29-2026-03-23-43-1050-PM.jpg) ![All the gold ever mined fits in a sphere 107 ft wide.](https://blog.syzgroup.com/hubfs/1-Jun-29-2026-03-23-43-1050-PM.jpg) 26 Jun 2026 - - - #### A tough time for store of values Source: Bitcoin Magazine [#gold|](https://blog.syzgroup.com/syz-the-moment/tag/gold) [#bitcoin](https://blog.syzgroup.com/syz-the-moment/tag/bitcoin) ![A tough time for store of values](https://blog.syzgroup.com/hubfs/10-Jun-26-2026-03-25-46-5756-PM.jpg) ![A tough time for store of values](https://blog.syzgroup.com/hubfs/10-Jun-26-2026-03-25-46-5756-PM.jpg) 25 Jun 2026 - - - #### 🚨Gold and silver are getting wrecked. Last 30 hours: - Gold down -3.87%, wiping out $1.1 trillion. - Silver down -9.18%, wiping out ~$400 billion. Since the war started: - Gold down -25%, erasing $9.4 trillion. - Silver down -38%, erasing $2.7 trillion. From all time highs: - Gold down -28%, $11 trillion wiped. - Silver down -51%, $4.6 trillion wiped. Precious Metals were supposed to surge on war fear. Instead they crashed when the war started, and now they're crashing again as the war is ending. A buying opportunity ? Source: Bull Theory [#Commodities|](https://blog.syzgroup.com/syz-the-moment/tag/commodities) [#gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) ![🚨Gold and silver are getting wrecked.](https://blog.syzgroup.com/hubfs/10-Jun-25-2026-11-20-38-8437-AM.jpg) ![🚨Gold and silver are getting wrecked.](https://blog.syzgroup.com/hubfs/10-Jun-25-2026-11-20-38-8437-AM.jpg) 25 Jun 2026 - - - #### Gold miners are trading at one of the deepest discounts to the S&P 500 on record. Fundamentals remain strong. Prices keep falling. Source: Otavio (Tavi) Costa [#Commodities|](https://blog.syzgroup.com/syz-the-moment/tag/commodities) [#gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) ![Gold miners are trading at one of the deepest discounts to the S&P 500 on record.](https://blog.syzgroup.com/hubfs/8-Jun-25-2026-11-16-02-1050-AM.jpg) ![Gold miners are trading at one of the deepest discounts to the S&P 500 on record.](https://blog.syzgroup.com/hubfs/8-Jun-25-2026-11-16-02-1050-AM.jpg) 22 May 2026 - - - #### Russia is dumping its gold! The country that was once the world's largest sovereign buyer has now sold over $4bn worth of its reserves this year. Its holdings are now at the lowest level since the day it invaded Ukraine. The reason: energy revenues are not covering the war's costs, and Russia is looking to plug the budget gap. The irony is that it's doing this at record gold prices. The only silver lining for Moscow is that it picked a good time to sell. Source: Bank of Russia, Bloomberg [#gold|](https://blog.syzgroup.com/syz-the-moment/tag/gold) [#russia](https://blog.syzgroup.com/syz-the-moment/tag/russia) ![Russia is dumping its gold!](https://blog.syzgroup.com/hubfs/4-May-22-2026-03-24-55-4870-PM.jpg) ![Russia is dumping its gold!](https://blog.syzgroup.com/hubfs/4-May-22-2026-03-24-55-4870-PM.jpg) 19 May 2026 - - - #### The "ultimate" hedge? Gold followed the surge in Japanese rates throughout 2025. Gold started the year by materially overshooting the Japan 10-year, but we have since seen the Japanese long end explode higher and overshoot gold instead. Could this divergence finally trigger another squeeze higher in gold? Source: TME, LSEG [#gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) ![The ](https://blog.syzgroup.com/hubfs/11-May-19-2026-01-59-16-7136-PM.jpg) ![The ](https://blog.syzgroup.com/hubfs/11-May-19-2026-01-59-16-7136-PM.jpg) ❮❮ [❮](https://blog.syzgroup.com/syz-the-moment/tag/gold/page/2) [1](https://blog.syzgroup.com/syz-the-moment/tag/gold/page/1) [2](https://blog.syzgroup.com/syz-the-moment/tag/gold/page/2) [3](https://blog.syzgroup.com/syz-the-moment/tag/gold/page/3) [4](https://blog.syzgroup.com/syz-the-moment/tag/gold/page/4) [5](https://blog.syzgroup.com/syz-the-moment/tag/gold/page/5) [❯](https://blog.syzgroup.com/syz-the-moment/tag/gold/page/4) [❯❯](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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