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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 Feb 2026 - - - #### 🔥Gold fund inflows are going parabolic: Cumulative inflows to gold funds have surged to +$127 billion since 2020, according to BofA. Nearly +$120 BILLION has come since the start of 2025. Meanwhile, gold and gold mining ETFs received a record $91.86 billion worth of inflows in 2025, more than 8 TIMES the total in 2024. This all comes as gold hit multiple record highs over the last 2 years, and central bank buying remains historically elevated. Source: Global Markets Investor, BofA [#gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) ![🔥Gold fund inflows are going parabolic:](https://blog.syzgroup.com/hubfs/8-Feb-10-2026-01-48-58-0148-PM.jpg) ![🔥Gold fund inflows are going parabolic:](https://blog.syzgroup.com/hubfs/8-Feb-10-2026-01-48-58-0148-PM.jpg) 10 Feb 2026 - - - #### J.P. Morgan in 1912: "Gold is money. Everything else is credit." Source: Barchart [#Food for Thought|](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thought) [#gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) ![J.P. Morgan in 1912: ](https://blog.syzgroup.com/hubfs/7-Feb-10-2026-01-42-26-1015-PM.jpg) ![J.P. Morgan in 1912: ](https://blog.syzgroup.com/hubfs/7-Feb-10-2026-01-42-26-1015-PM.jpg) 10 Feb 2026 - - - #### The Chinese leader told his people to hold gold. The people responded. Demand skyrocketed. Now, the directive has shifted: Get USD off the books. The banks will respond. We aren't just talking about a policy change. We are talking about a fundamental shift in the global monetary order. Why does this matter? Liquidity is shifting: When the world's second-largest economy pivots away from the Dollar, the ripples hit every portfolio. Gold is the anchor: Central banks are returning to "real" assets as a hedge against geopolitical volatility. The Signal: When a superpower tells its financial institutions to de-risk from a specific currency, the "quiet part" is being said out loud. The world is de-dollarizing faster than most people realize. Source: Blomberg, Steno Research [#gold|](https://blog.syzgroup.com/syz-the-moment/tag/gold) [#china](https://blog.syzgroup.com/syz-the-moment/tag/china) ![The Chinese leader told his people to hold gold. The people responded. Demand skyrocketed.](https://blog.syzgroup.com/hubfs/3-Feb-10-2026-01-31-34-8037-PM.jpg) ![The Chinese leader told his people to hold gold. The people responded. Demand skyrocketed.](https://blog.syzgroup.com/hubfs/3-Feb-10-2026-01-31-34-8037-PM.jpg) 10 Feb 2026 - - - #### Most recently, $BTC bitcoin hasn’t been behaving like the end-game hedge… far from it. Since Japanese rates started ripping higher last autumn, gold and BTC have moved in almost perfect opposition. Source. TME, LSEG [#gold|](https://blog.syzgroup.com/syz-the-moment/tag/gold) [#bitcoin](https://blog.syzgroup.com/syz-the-moment/tag/bitcoin) ![Most recently, $BTC bitcoin hasn’t been behaving like the end-game hedge… far from it.](https://blog.syzgroup.com/hubfs/2-Feb-10-2026-01-21-15-6425-PM.jpg) ![Most recently, $BTC bitcoin hasn’t been behaving like the end-game hedge… far from it.](https://blog.syzgroup.com/hubfs/2-Feb-10-2026-01-21-15-6425-PM.jpg) 4 Feb 2026 - - - #### Current gold bull market in historical perspective Source: Willem Middelkoop @wmiddelkoop Canaccord Genuity Bloomberg [#Commodities|](https://blog.syzgroup.com/syz-the-moment/tag/commodities) [#gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) ![Current gold bull market in historical perspective](https://blog.syzgroup.com/hubfs/1-Feb-04-2026-02-07-37-5353-PM.jpg) ![Current gold bull market in historical perspective](https://blog.syzgroup.com/hubfs/1-Feb-04-2026-02-07-37-5353-PM.jpg) 3 Feb 2026 - - - #### 30-day realized vol in gold has climbed above 44%, the highest level since the 2008 financial crisis, according to data compiled by Bloomberg. That surpasses the roughly 39% for Bitcoin, the original cryptocurrency often dubbed “digital gold.” Since Bitcoin’s creation 17 years ago, gold has only been more volatile on two occasions, most recently last May during a flare-up in trade tensions sparked by President Trump's tariff threats. Source: Bloomberg, www.zerohedge.com [#gold|](https://blog.syzgroup.com/syz-the-moment/tag/gold) [#bitcoin](https://blog.syzgroup.com/syz-the-moment/tag/bitcoin) ![30-day realized vol in gold has climbed above 44%, the highest level since the 2008 financial crisis, according to data compiled by Bloomberg.](https://blog.syzgroup.com/hubfs/2-Feb-03-2026-04-06-27-2450-PM.jpg) ![30-day realized vol in gold has climbed above 44%, the highest level since the 2008 financial crisis, according to data compiled by Bloomberg.](https://blog.syzgroup.com/hubfs/2-Feb-03-2026-04-06-27-2450-PM.jpg) 3 Feb 2026 - - - #### THIRD WAVE OF THE US DOLLAR CYCLE Interesting comment by Crescat Capital: ‘We think the gold panic on Friday on the announcement of Kevin Warsh as the new Fed Chair caused a healthy pullback from short-term overbought conditions in the precious metals markets. While Warsh may appear the least dovish among President Trump’s candidates, we believe he is indeed in favor of lowering interest rates in 2026, as the President has also affirmed. Investors in Crescat’s portfolio of undervalued precious and critical metals miners should not be too concerned. Our activist mining portfolio outperformed gold, silver, and the gold equity benchmarks, both on Friday and cumulatively for the month of January. Still, the gold correction was no small matter. We think it presents a buying opportunity. In fact, now, as much as ever, is the time for gold investors not to panic but to step back and look at the big picture’. Source: Crescat Capital [#Forex|](https://blog.syzgroup.com/syz-the-moment/tag/forex) [#equities|](https://blog.syzgroup.com/syz-the-moment/tag/equities) ![THIRD WAVE OF THE US DOLLAR CYCLE](https://blog.syzgroup.com/hubfs/7-Feb-03-2026-04-02-40-2509-PM.jpg) ![THIRD WAVE OF THE US DOLLAR CYCLE](https://blog.syzgroup.com/hubfs/7-Feb-03-2026-04-02-40-2509-PM.jpg) 2 Feb 2026 - - - #### No bounce... pickup up where we left off on Friday. \*SPOT GOLD FALLS 5%, ADDING TO BIGGEST PLUNGE IN OVER A DECADE (Down 18% from Thursday's high) Source: Jim Bianco [#Commodities|](https://blog.syzgroup.com/syz-the-moment/tag/commodities) [#gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) ![No bounce... pickup up where we left off on Friday.](https://blog.syzgroup.com/hubfs/6-Feb-02-2026-02-42-53-9107-PM.jpg) ![No bounce... pickup up where we left off on Friday.](https://blog.syzgroup.com/hubfs/6-Feb-02-2026-02-42-53-9107-PM.jpg) ❮❮ [❮](https://blog.syzgroup.com/syz-the-moment/tag/gold/page/6) [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) [9](https://blog.syzgroup.com/syz-the-moment/tag/gold/page/9) [❯](https://blog.syzgroup.com/syz-the-moment/tag/gold/page/8) [❯❯](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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