--- title: Syz The Moment | gold (6) description: gold | Syz The Moment (6) --- [![Syz Private banking](https://blog.syzgroup.com/hs-fs/hubfs/Logo.png?width=140&name=Logo.png "Syz Private banking")](https://www.syzgroup.com/fr) ## **Thinking** out loud [Subscribe](https://25733253.hs-sites-eu1.com/newsletter-signup?hsLang=en) [![Contact Us](https://hubspot-no-cache-eu1-prod.s3.amazonaws.com/cta/default/25733253/3d762f49-4e71-4f99-97b1-bf6781ef3da2.png)](https://hubspot-cta-redirect-eu1-prod.s3.amazonaws.com/cta/redirect/25733253/3d762f49-4e71-4f99-97b1-bf6781ef3da2) - [OUR SERVICES](https://www.syzgroup.com/en/private-banking) - [ABOUT SYZ](https://www.syzgroup.com/en/about/welcome-to-syz) - [CAREERS](https://www.syzgroup.com/en/careers) - [PRESS](https://www.syzgroup.com/en/news) - [Blog Homepage](https://blog.syzgroup.com) - [Slow Food for Thought](https://blog.syzgroup.com/slow-food-for-thought) - [Focus](https://blog.syzgroup.com/slow-food-for-thoughts/tag/focus) - [Asset allocations Insights](https://blog.syzgroup.com/slow-food-for-thoughts/tag/asset-allocation-insights) - [Market Outlook](https://blog.syzgroup.com/slow-food-for-thoughts/tag/market-outlook) - [Swiss Perspectives](https://blog.syzgroup.com/slow-food-for-thoughts/tag/swiss-perspectives) - [Syz the moment](https://blog.syzgroup.com/syz-the-moment) - [Crypto corner](https://blog.syzgroup.com/crypto-corner) - [Syz AI Insights](https://blog.syzgroup.com/syz-ai-insights) - [Fast Food for Thought](https://blog.syzgroup.com/fast-food-for-thought) - [The week in seven charts](https://blog.syzgroup.com/fast-food-for-thoughts/tag/the-week-in-seven-charts) - [Flash](https://blog.syzgroup.com/fast-food-for-thoughts/tag/flash) - [Fixed Income Weekly](https://blog.syzgroup.com/fast-food-for-thought/tag/weekly-fixed-income) - [Equity Weekly](https://blog.syzgroup.com/fast-food-for-thought/tag/weekly-equities) - [Global markets outlook](https://blog.syzgroup.com/fast-food-for-thoughts/tag/global-markets-outlook) - [CONTACT](https://www.syzgroup.com/en/contact-us/form) - [ENGLISH](https://www.syzgroup.com/) - [FRANÇAIS](https://www.syzgroup.com/fr) - [Slow Food for Thought](https://blog.syzgroup.com/slow-food-for-thought) - [Focus](https://blog.syzgroup.com/slow-food-for-thoughts/tag/focus) - [Asset allocations Insights](https://blog.syzgroup.com/slow-food-for-thoughts/tag/asset-allocation-insights) - [Market Outlook](https://blog.syzgroup.com/slow-food-for-thoughts/tag/market-outlook) - [Swiss Perspectives](https://blog.syzgroup.com/slow-food-for-thoughts/tag/swiss-perspectives) - [Fast Food for Thought](https://blog.syzgroup.com/fast-food-for-thought) - [Flash](https://blog.syzgroup.com/fast-food-for-thoughts/tag/flash) - [Weekly Fixed Income](https://blog.syzgroup.com/fast-food-for-thought/tag/weekly-fixed-income) - [The week in seven charts](https://blog.syzgroup.com/slow-food-for-thoughts/tag/the-week-in-seven-charts) - [Global markets outlook](https://blog.syzgroup.com/fast-food-for-thoughts/tag/global-markets-outlook) - [Weekly Equities](https://blog.syzgroup.com/fast-food-for-thought/tag/weekly-equities) - [Syz the moment](https://blog.syzgroup.com/syz-the-moment) - [Crypto corner](https://blog.syzgroup.com/crypto-corner) - [Syz AI Insights](https://blog.syzgroup.com/syz-ai-insights) - [Our Services](https://www.syzgroup.com/en/private-banking) - [About Syz](https://www.syzgroup.com/en/about/welcome-to-syz) - [Careers](https://www.syzgroup.com/en/careers) - [Press](https://www.syzgroup.com/en/news) - [Contact](https://www.syzgroup.com/en/contact-us/form) - [English](https://www.syzgroup.com/) - [Français](https://www.syzgroup.com/fr) ## **Sign-up** for our newsletter This website uses cookies to enhance user navigation and to collect statistical data. You can change your settings below to refuse the use of cookies. For more information, please refer to the [Cookies policy](https://www.syzgroup.com/en/legal-notices). Mandatory cookies Functional cookies Statistics & marketing I confirm I am not a US citizen residing in the US I confirm I am not accessing this site from the US I confirm that I am not a resident of Canada (except for Ontario, Quebec, British Columbia or Alberta). Agree and confirm ### Restricted access We are sorry that for legal reasons we are not able to help US citizens or Canadian residents other than in Ontario, Quebec, or Alberta. Best wishes for the future… ### Restricted access We are sorry that for legal reasons we are not able to help US citizens or Canadian residents other than in Ontario, Quebec, or Alberta. Best wishes for the future… You chose the following profile. If you made a mistake, please change here USA Country Switzerland Canada: Other than Ontario, Quebec, Alberta Canada: Ontario, Quebec or Alberta USA Other country Language Language English French German Italian I confirm Legal information This marketing document has been issued by Bank Syz Ltd. It is not intended for distribution to, publication, provision or use by individuals or legal entities that are citizens of or reside in a state, country or jurisdiction in which applicable laws and regulations prohibit its distribution, publication, provision or use. It is not directed to any person or entity to whom it would be illegal to send such marketing material. This document is intended for informational purposes only and should not be construed as an offer, solicitation or recommendation for the subscription, purchase, sale or safekeeping of any security or financial instrument or for the engagement in any other transaction, as the provision of any investment advice or service, or as a contractual document. Nothing in this document constitutes an investment, legal, tax or accounting advice or a representation that any investment or strategy is suitable or appropriate for an investor's particular and individual circumstances, nor does it constitute a personalized investment advice for any investor. This document reflects the information, opinions and comments of Bank Syz Ltd. as of the date of its publication, which are subject to change without notice. The opinions and comments of the authors in this document reflect their current views and may not coincide with those of other Syz Group entities or third parties, which may have reached different conclusions. The market valuations, terms and calculations contained herein are estimates only. The information provided comes from sources deemed reliable, but Bank Syz Ltd. does not guarantee its completeness, accuracy, reliability and actuality. Past performance gives no indication of nor guarantees current or future results. 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 19 Mar 2026 - - - #### Gold is printing one of its largest down candles since the early-February puke and breaking below the 50-day moving average, a level it hasn’t closed beneath since last summer. Key support comes in at $4800, with the 200-day moving average near $4600. Source: TME [#Commodities|](https://blog.syzgroup.com/syz-the-moment/tag/commodities) [#gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) ![Gold is printing one of its largest down candles since the early-February](https://blog.syzgroup.com/hubfs/9-Mar-19-2026-04-42-33-8396-PM.jpg) ![Gold is printing one of its largest down candles since the early-February](https://blog.syzgroup.com/hubfs/9-Mar-19-2026-04-42-33-8396-PM.jpg) 17 Mar 2026 - - - #### Bitcoin & crypto markets have looked resilient in the face of the Middle East conflict, outperforming Gold and equity indices. "Maybe it takes a physical conflict to realise Bitcoin remains the most portable (cross border), digital and liquid asset w/no counter-party risks," Bernstein analyst Gautam Chhugani wrote in a note. Key Implications of the Statement: ➡️ Cross-Border Portability: Bitcoin can be transferred anywhere in the world, bypassing traditional banking restrictions that may arise during conflicts. ➡️Digital Nature: Being entirely digital, it is not susceptible to physical seizure, unlike gold or fiat currency. ➡️No Counter-party Risk: Because Bitcoin is decentralized, it does not rely on a central bank or government to guarantee its value or facilitate transactions. ➡️Liquidity: The asset can be readily exchanged, providing a financial safety net when local banking systems are compromised. Chhugani has previously pointed to rising tensions as a catalyst for investors to reconsider Bitcoin as a "safe haven" asset that operates outside of traditional financial infrastructure. Source: Bloomberg, HolgerZ [#Crypto|](https://blog.syzgroup.com/syz-the-moment/tag/crypto) [#gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) ![Bitcoin & crypto markets have looked resilient in the face of the Middle East conflict, outperforming Gold and equity indices.](https://blog.syzgroup.com/hubfs/3-Mar-17-2026-10-38-06-9465-AM.jpg) ![Bitcoin & crypto markets have looked resilient in the face of the Middle East conflict, outperforming Gold and equity indices.](https://blog.syzgroup.com/hubfs/3-Mar-17-2026-10-38-06-9465-AM.jpg) 4 Mar 2026 - - - #### Double top? Gold is printing a sizable down candle following yesterday’s shooting star formation. We may be looking at a second lower high developing, raising the risk of a potential double top. The steep trend line sits well below current levels, and the 50-day moving average doesn’t come in until around $4,830. Source: The Market Ear [#Commodities|](https://blog.syzgroup.com/syz-the-moment/tag/commodities) [#gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) ![Double top?](https://blog.syzgroup.com/hubfs/6-Mar-04-2026-02-54-57-8035-PM.jpg) ![Double top?](https://blog.syzgroup.com/hubfs/6-Mar-04-2026-02-54-57-8035-PM.jpg) 2 Mar 2026 - - - #### $GDX Gold miners at all time highs Source: TrendSpider [#Commodities|](https://blog.syzgroup.com/syz-the-moment/tag/commodities) [#gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) ![$GDX Gold miners at all time highs](https://blog.syzgroup.com/hubfs/11-Mar-02-2026-04-37-04-6902-PM.jpg) ![$GDX Gold miners at all time highs](https://blog.syzgroup.com/hubfs/11-Mar-02-2026-04-37-04-6902-PM.jpg) 2 Mar 2026 - - - #### Gold just finished its 7th consecutive month higher, the longest streak in history. Source: RBC, BofA [#Commodities|](https://blog.syzgroup.com/syz-the-moment/tag/commodities) [#gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) ![Gold just finished its 7th consecutive month higher, the longest streak in history.](https://blog.syzgroup.com/hubfs/5-Mar-02-2026-04-30-02-3875-PM.jpg) ![Gold just finished its 7th consecutive month higher, the longest streak in history.](https://blog.syzgroup.com/hubfs/5-Mar-02-2026-04-30-02-3875-PM.jpg) 19 Feb 2026 - - - #### THE BIG MONEY IS QUIETLY POSITIONING FOR A GOLD EXPLOSION. While retail investors are panic-selling the dip, the "smart money" is doing something absolutely radical. I’m looking at the COMEX data, and the numbers are staggering. The Strategy: Insiders are loading up on gold options with strike prices between $15,000 and $20,000 for December 2026. The Context: Current Gold Price: ~$4,961 The Target: A 3x to 4x increase in value. Here is the part most people missed: This buying spree didn't happen during the hype. It started right after gold hit $5,600 and "dumped" hard. When the price dipped below $5,000, retail investors ran for the exits. They saw a correction; the insiders saw a generational entry point. Right now, they are sitting on over 11,000 contracts. Why does this matter? Because you don’t place a bet that gold will triple out of "optimism." You do it because you see a fundamental shift in the global financial system that others are ignoring. Source: Alex Mason @AlexMasonCrypto [#Commodities|](https://blog.syzgroup.com/syz-the-moment/tag/commodities) [#gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) ![THE BIG MONEY IS QUIETLY POSITIONING FOR A GOLD EXPLOSION.](https://blog.syzgroup.com/hubfs/1-Feb-19-2026-04-21-25-2602-PM.jpg) ![THE BIG MONEY IS QUIETLY POSITIONING FOR A GOLD EXPLOSION.](https://blog.syzgroup.com/hubfs/1-Feb-19-2026-04-21-25-2602-PM.jpg) 12 Feb 2026 - - - #### TME: "Gold bounced cleanly off the 50-day and the longer-term trend line. We’re now trading at the highest levels since that bounce, hovering around the 50% retracement of the large down candle. So far, this has been a textbook rebound as positioning resets. gold likely needs more time to consolidate. $5,200 stands out as major resistance, while $4,800 marks key support". Source: TME [#Commodities|](https://blog.syzgroup.com/syz-the-moment/tag/commodities) [#gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) ![TME: ](https://blog.syzgroup.com/hubfs/9-Feb-12-2026-04-22-55-1960-PM.jpg) ![TME: ](https://blog.syzgroup.com/hubfs/9-Feb-12-2026-04-22-55-1960-PM.jpg) 10 Feb 2026 - - - #### 🔴Hedge funds are pulling back from gold at the fastest pace in months: Net long positions in gold dropped -23% last week, to 93,438 contracts, the lowest in 15 weeks and near the lowest in at least 12 months. This comes after gold suffered its biggest single-day plunge since 2013 on January 30. Net long positioning has now fallen -60% from the February 2025 peak of ~240,000 contracts. Hedge fund sentiment on precious metals is shifting rapidly. Source: Global Markets Investor, Bloomberg [#gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) ![🔴Hedge funds are pulling back from gold at the fastest pace in months:](https://blog.syzgroup.com/hubfs/11-Feb-10-2026-03-33-37-3390-PM.jpg) ![🔴Hedge funds are pulling back from gold at the fastest pace in months:](https://blog.syzgroup.com/hubfs/11-Feb-10-2026-03-33-37-3390-PM.jpg) ❮❮ [❮](https://blog.syzgroup.com/syz-the-moment/tag/gold/page/5) [4](https://blog.syzgroup.com/syz-the-moment/tag/gold/page/4) [5](https://blog.syzgroup.com/syz-the-moment/tag/gold/page/5) [6](https://blog.syzgroup.com/syz-the-moment/tag/gold/page/6) [7](https://blog.syzgroup.com/syz-the-moment/tag/gold/page/7) [8](https://blog.syzgroup.com/syz-the-moment/tag/gold/page/8) [❯](https://blog.syzgroup.com/syz-the-moment/tag/gold/page/7) [❯❯](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. Follow us ## **Thinking** out loud - - - - ## **Investing** with intelligence Our latest research, commentary and market outlooks #### [Weekly Market Update](https://blog.syzgroup.com/fast-food-for-thoughts/tag/weekly-market-update?hsLang=en) #### [Focus](https://blog.syzgroup.com/slow-food-for-thoughts/tag/focus?hsLang=en) #### [Asset Allocation Insights](https://blog.syzgroup.com/slow-food-for-thoughts/tag/asset-allocation-insights?hsLang=en) #### [Semi-annual Outlook](https://blog.syzgroup.com/slow-food-for-thoughts/tag/semi-annual-outlook?hsLang=en) - [Contact](https://www.syzgroup.com/en/contact-us/form) - [Terms & conditions](https://www.syzgroup.com/sites/default/files/document/2021-12/001-2_en-general_terms_and_conditions_w.pdf) - [Data protection notice](https://www.syzgroup.com/en/data-protection-notice) - [Cookies policy](https://www.syzgroup.com/en/legal-notices) - [Syzgroup.com](https://www.syzgroup.com/)