The rally in Gold is not (yet) a retail thing

The rally in Gold $Gold - main 2406(GCmain)$ is *not* (yet) a retail thing

Retail implied allocations to gold (via ETFs) are still at the bottom of the range, barely moved [despite gold breaking out to new all-time highs, and beating stocks YTD, up more than 10%]

Image

so who's buying then?

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Retail/ETFs again...

This time *Flows*

Despite a stunning breakout, no flows.

Gold previously topped out and took a breather when ETF flows got overheated. No risk of that right now...

Image

https://twitter.com/Callum_Thomas/status/1777059764025057399

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Comments

CarterSilas
04-08
CarterSilas
Wah, this content is really informative ah! Appreciate you sharing this. 👍
lolmei
04-08
lolmei
The analysis on the lack of retail participation is quite on-point.
BorgPetty
04-08
BorgPetty
For now, it seems the buying is coming from elsewhere.
Drdeedee
04-08
Drdeedee
Good

Leave a comment

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Gold previously topped out and took a breather when ETF flows got overheated. No risk of that right now...<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/03b6d20461e0176315cb632b894db563\" tg-width=\"680\" tg-height=\"505\">Imagehttps://twitter.com/Callum_Thomas/status/1777059764025057399</body></html>","htmlText":"<html><head></head><body>The rally in Gold <a data-mention-id=\"GCmain\" class=\"teditor-mention\" data-mention-name=\"Gold - main 2406\" href=\"https://ttm.financial/FUT/GCmain\">$Gold - main 2406(GCmain)$</a> is *not* (yet) a retail thingRetail implied allocations to gold (via ETFs) are still at the bottom of the range, barely moved [despite gold breaking out to new all-time highs, and beating stocks YTD, up more than 10%]<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/b9623e861e13892cdd033ebec450be85\" tg-width=\"680\" tg-height=\"384\">Imageso who's buying then?<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/bed68815ebcba2a8e8d6b5c37f8efc49\" tg-width=\"680\" tg-height=\"433\">ImageRetail/ETFs again...This time *Flows*Despite a stunning breakout, no flows. Gold previously topped out and took a breather when ETF flows got overheated. No risk of that right now...<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/03b6d20461e0176315cb632b894db563\" tg-width=\"680\" tg-height=\"505\">Imagehttps://twitter.com/Callum_Thomas/status/1777059764025057399</body></html>","text":"The rally in Gold $Gold - main 2406(GCmain)$ is *not* (yet) a retail thing Retail implied allocations to gold (via ETFs) are still at the bottom of the range, barely moved [despite gold breaking out to new all-time highs, and beating stocks YTD, up more than 10%] Image so who's buying then? Image Retail/ETFs again... This time *Flows* Despite a stunning breakout, no flows. Gold previously topped out and took a breather when ETF flows got overheated. No risk of that right now... 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