← Home · Research archive
See the structure
Text index for Fed / macro / vol / quant notes. Cover cards and PRO/FREE badges live on the home page; this archive is the lean reading directory.
#gold
- Aug 14, 2026
Japan’s insurers and GPIF are buying JGBs again, not selling — so why is the yen still near 40-year lows despite two BOJ hikes?
Reasons why Gold price kept plummeting even geo risks escalating.
MEMBERS - Aug 11, 2026
THE GOLD PRIMER: GOLD IS INSURANCE. SILVER IS A WAGER.
Gold is what a central bank holds when it no longer trusts a currency. Silver is what a trader holds when they no longer trust their own patience.
MEMBERS - Aug 10, 2026
MACRO WEEKLY | GOLD’S FOUR PRICES: WHY BULLION BECAME THE PhD OF THE MACRO MARKET
Central banks bought at a record pace, real yields fell, the dollar stayed on the back foot, and the tape still spent August unwinding a January blow-off top.
MEMBERS - Jun 29, 2026
Gold Down 29% From Its Peak. Warsh Just Made It Worse — Here's Where the Floor Is
Three separate shocks hit gold between January and June 2026. The $5,602 ATH is now $3,982 away. Two shocks are already in the price. The third one — Iran — is unwinding. Here's what that means for the floor, and the trade.
MEMBERS - Nov 20, 2025
U.S. Debt Is Hitting Its Limits. Gold Isn’t. Here’s Why.
now here's why gold reset might be the last option for US GOV
MEMBERS - Oct 22, 2025
黄金单日大暴跌到底发生了什么？深度剖析交易底层逻辑
金价昨日发生巨幅下跌，高盛交易员称之为“幕后操纵”，整个市场都出现了仓位动荡，而多头动量指标也面临真正的压力，高盛动量指标对在动量多头下跌 3% 和动量空头上涨 2% 的双重打击下暴跌 5%。
MEMBERS - Oct 14, 2025
为何说黄金/现货危机一触即发？
引言：为何说“黄金/白银现货危机”不是危言耸听 在贵金属市场里，价格、持仓、交割与实物库存四条轨道原本是协同的，但近年来这四轨开始“错位”。特别在 COMEX（纽约期货/交割市场）与 LBMA（伦敦 OTC / 现货/清算市场）之间，价格、交割、库存、实物的背离越来越明显。部分市场声音认为这背后有结构扭曲、有“纸金 / 纸银骗局”的成分。
MEMBERS - Oct 14, 2025
Death of Dollars and Gold Price Surging
“Is the Dollar Dead, and Gold Ascendant?” Understanding the Recent U.S. Dollar Decline and Gold’s Explosive Rally I.
MEMBERS - Oct 14, 2025
美元已死？黄金当立？——解析近期与黄金暴涨的逻辑、风险与策略
一、背景与现象：美元下跌与黄金暴涨 1.1 近期市场现象概览 在 2025 年后半段，全球市场出现两个明显趋势：美元持续承压走弱与黄金价格破纪录飙升。 黄金突破 4,000 美元／盎司，年内涨幅超过 50% 以上。 美元指数（DXY）在多个交易日表现疲软，对一篮子主要货币显著贬值。
MEMBERS