To The Moon

Hi Tigers，Welcome to ”What the Tigers say” [Cool]

This is a weekly column planned to share the great opinion from Tigers on specific topic and today our Theme is gold investment.

The latest CPI data is lower than expected, the $USD Index(USDindex.FOREX)$ r plunges, and gold price $Gold - main 2306(GCmain)$, $SPDR Gold Shares(GLD)$ and $VanEck Gold Miners ETF(GDX)$is approaching its previous high in 2022.

Below are the performances of key gold futures and ETFs performances，will gold hit new high or come to a short-term top？what do you think? Welcome to comment to win Prizes.

Before you join to share your own opinion or trading skills, welcome to 3 core insights on gold trends from @程俊Dream , @Callum_Thomas and @AlexPoonFOTrading. And at the bottom there are a full tickers list for Gold investing.

🎁Special Notes: Whomever showed on”What the Tigers say” column will receive 100 Tiger Coins and exclusive interviews invitation for honor of your contribution.

By Futures' Pro

Click Titles to read full analysis:

1. @程俊Dream: How the Dollar trend affects Gold Prices in Q2 2023?

程俊Dream：CME Contributing Instructor

Key Points:

• In the short term till the end of April, the Dollar may fail to fight back, then it may rebound in June and July. However, the long-term time period of the dollar is very unfavorable, and the theoretical goal will point to around 97.

• Thus under the dollar's weak in the short term, gold may still be in the process of rising, and Gold bulls may test the area between $2060 ~ $2070 by historical model calculation.

• Some other risk may for gold's trend includes silver's performance' dragging, and speculative funds' more reverse positions on gold, these show the market may lack new follow-up buying in the short-term.

2.@Callum_Thomas: Chart of the Week - Portfolio Allocations to Gold

Callum_Thomas:Head of Research, Founder:@topdowncharts

Key Points:

Gold has been (and likely will continue to be) boosted by falling bond yields and a weaker US dollar.

With gold making yet another attempt at breaking out through that all-important US$2000 level, it’s worth reflecting on this pair of charts.

• Despite a 25% rally, investors have light allocations (based on ETF market assets) to gold, seems positioning/flows/sentiment still has ample room to run.

• The investors implied allocations to gold remain well below the long-term average, and well below the gold bull market years.

• But remember that gold is not an inflation hedge only, it’s also the best invests option in an environment of falling inflation, especially recession, as where monetary conditions will ease (lower bond yields, pivot in Fed policy from tightening to easing, weaker USD).

3.@AlexPoonFOTrading: Gold Might Hit a Record High in 2023

CFA, Derivatives Analyst

Key Points:

• A strong dollar pressed gold in 2022, but it is expected the dollar will be on the defensive in 2023, then the recession will also likely press the dollar which will give a strong boost to gold demand.

• The deeper the recession, the higher the gold will rise. Historically, gold will outperform in the event of a recession.

• Also, with the stronger demand from China expected to rise after 3 years of covid zero restrictions, gold will also be a good hedge against any potential debt or economic crisis.

• Technically focus: the first important resistance is around 1,880, followed by a physiological resistance of $2,000 before challenging the record high. It is recommended to stop losing the position if gold retreats to $1,730.

What the above opinions mean to you? Welcome to read full article through link and share you opinion, below are Top Funds for Investing in Gold from Tiger trade.

Below are the Best Gold ETFs in the US, SG, HK, and AU stock markets:

US Market ETF:

$VanEck Gold Miners ETF(GDX)$, $ProShares Ultra Gold(UGL)$, $VanEck Junior Gold Miners ETF(GDXJ)$, $GraniteShares Gold Trust(BAR)$, $SPDR Gold MiniShares Trust(GLDM)$

$abrdn Physical Gold Shares ETF(SGOL)$, $iShares Gold Trust(IAU)$, $SPDR Gold Shares(GLD)$, $ProShares UltraShort Gold(GLL)$

SG Market ETF:

$GLD US$(O87.SI)$

AU Market ETF:

$VANECK GOLD BULLION ETF(NUGG.AU)$, $ETFS Physical Gold(GOLD.AU)$, $Perth Mint Gold(PMGOLD.AU)$, $BetaShares Gold Bullion Currency Hedged(QAU.AU)$

HK Market ETF:

$FL2CSOPGOLD(07299)$, $VALUEGOLD ETF(03081)$, $SPDR GOLD SHARES(02840)$, $FI CSOPGOLD(07374)$

🎁Comment to win Prizes

What’s your trend forecast on Gold?

Did you trade Gold futures or ETFs before?

Which is your most bullish Gold target in 2023?

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⏰Duration

• 24 April (24pm EDT)