GLD US

Renaissance United

Joyas

New Wave

Oceanus

Y Ventures

Vins

Lincotrade

LMS Compliance

Qian Hu

AsiaPhos

RING

GOLD

GDXY

SGDM

SGDJ

Tao Dong stated that the opportunity for RMB assets has arrived, and a bull market in technological independence is emerging. Currently, it is the era of "assets are king," focusing on assets that are away from central bank control and technological breakthroughs. It is expected that the Federal Reserve will maintain an accommodative policy, but may observe in the short term. The U.S. Treasury market faces risks, and the logic of traditional zero-risk assets has been overturned, necessitating caution as future interest rates may drop to around 3%

Stheadline

Newmont

iShares MSCI Global Gold Miners

Gold.com

VanEck Gold Miners ETF

YieldMax Gold Miners Opt Inc Strgy ETF

iShares Gold Trust

Sprott GLD Miners Etf

SPDR Gold Shares

Agnico Eagle Mines

Sprott JR Gold Miners ETF

Tao Dong: The opportunity for RMB assets has arrived, the bull market for technological independence is emerging, and it warns of the risks of U.S. Treasury bonds. "Buying gold at a high price won't be a mistake."

PSLV

SILV

SLVP

GDXJ

GDXW

SIVR

SLVR

600547

Spot gold and silver opened lower and continued to decline, with spot gold down 0.57% at $5,014.13 per ounce, and spot silver once dropping over 3%, currently reported at $75.41 per ounce

Wallstreetcn

Sprott PHYs Silver

Kinross Gold

Pro Ultr GLD

Us Gbl GLD & Met

iShares Silver Tr

Abrdn Gold ETF Trust

Silvercrest Metals

iShares MSCI Global Silver Miners

VanEck Junior Gold Miners ETF

Roundhill Gold Miners Weeklypay ETF

ZHONGJIN GOLD

Abrdn Precious Metals Basket ETF Trust

Zijin Mining

Invesco Db Precious Metals ETF

Sprott Active Gold & Silver Miners ETF

Abrdn Silver ETF Trust

Global X Silver Miner

Sprott Silver Mnrs & Physical Silver ETF

SPDR S&P Mtls & Mng

SD-GOLD

Ray Dalio declares that the world has entered the sixth stage of the "Big Cycle": the post-1945 world order has collapsed, power is the new principle, and great power conflicts will revert to primitive power struggles. Trade wars, technology wars, and capital wars will become the norm and may escalate into military conflicts. The consensus from the Munich Security Conference confirms this judgment: the old order no longer exists, and the European security architecture has failed. Dalio warns that economic tools will be weaponized, traditional safe-haven logic may fail, and gold will become the most reliable means of wealth storage

Ray Dalio's 10,000-word article: The old order is dead, the world returns to the "law of the jungle," trade wars and capital wars will become the norm

SPLV

The Bank of America team led by Michael Hartnett believes that Trump's "affordability" politics is shifting funds from the "Wall Street elite" to "Main Street ordinary people": small-cap value stocks are rising, while tech giants are under pressure; the AI narrative is shifting from "awe" to "impoverishment," with related debt surging; the positive correlation between the yen and Japanese stocks indicates a long-term bull market, but caution is needed as a sharp rise in the yen could trigger global deleveraging. Emerging markets and small-cap stocks are expected to lead in the new era

- In early 2026, global markets are experiencing a paradigm shift as accounting for rising asset performances like gold (up 13.4%) contrasts with falling U.S. stocks and cryptocurrencies.  
- The shift is driven by political responses to "affordability," with a notable rotation from Wall Street to Main Street assets, benefiting sectors like silver and regional banks while tech stocks suffer.  
- Key indicators suggest we are at the onset of a "Great Rotation," favoring emerging markets and small-cap stocks, implying a broader transition in global asset preferences.

Bank of America

Currencyshares JPY Trust

Ps S&P Low Vol

Invesco S&P 500 Eq Wgt ETF

SPDR S&P 600 S-Cp Val

VG Growth

VG Mga Cap 300 Grw

Global X Nasdaq 100 Covered Call ETF

VG S-Cp Value

iShares MSCI USA Min Vol Factor ETF

ISHRS MSCI Japan

VG Mid-Cap Val

VG Mga Cap 300 Val

Avantis U.S. Small Cap Value

Schw Us L-Cp Grw

Schwab US Div Eq

VG S&P M-Cap 400 Val

iShares Core S&P US Growth

Avantis US Large Cap Value ETF

How to understand the global market at the beginning of the year? "Affordability" is the overarching narrative for 2026: "Main Street" needs to win once, the AI narrative is undergoing a major change, and the yen is the "key."

FBTC

GLXY

JPMorgan maintains its bullish outlook on Bitcoin, targeting $266,000 per coin despite current mining stress and risk sentiment. The bank cites a production cost floor of approximately $77,000, with Bitcoin trading around $66,000, indicating pressure on miners. JPMorgan believes institutional investors will drive future inflows, enhancing Bitcoin's appeal compared to gold. The $266,000 target is seen as a long-term goal rather than a near-term prediction, with volatility playing a key role in the asset's future pricing dynamics.

- JPMorgan maintains a long-term bitcoin price target of $266,000 despite current mining economics issues and cautious market sentiment entering 2026.  
- The bank sees bitcoin's production cost, estimated at $77,000, as providing a soft support level and suggests that institutional investors could drive future inflows into digital assets.  
- JPMorgan states that while its $266,000 target is not expected in 2026, the potential exists as relative volatility between bitcoin and gold shifts, making bitcoin more attractive in the long run.

NewsBTC

Fidelity Wise Origin Bitcoin Fund - ETF

Galaxy Digital

Grayscale Bitcoin Mini Trust ETF

Core Scientific, Inc.

CoinShares Bitcoin ETF

Bitfarms Canada

Grayscale Bitcoin Adopters ETF

BTCS

Bitdeer Tech

Mara

Riot Platforms

Bakkt

Bitwise Bitcoin ETF

Coinbase

ARK 21Shares Bitcoin ETF

Invesco Galaxy Bitcoin ETF

Hut 8 Mining

Valkyrie Bitcoin and Ether Strategy ETF

WisdomTree Bitcoin Fund

American Bitcoin

JPMorgan Keeps Bitcoin Bull Case: $266,000 Remains The Target

Hedge funds, particularly trend and Commodity Trading Advisor (CTA) funds, reported a 3.95% return in January despite a significant selloff in gold and silver at the month's end. Gold rose over 15% to $5,004 an ounce, while silver increased over 8% to around $78.70. Many funds mitigated losses by reducing their holdings in these metals due to rising trading costs and increased market volatility. The margin for trading silver contracts surged to $81,000, prompting some CTAs to exit their positions to manage risk effectively.

Reuters

Direxion Daily Gold Miners Bull 2X

ETFMG Trust Prime Jr Silver Miners ETF

Direxion Daily Jr Gold Miners Bull 2X

Pro Ultr Silver

HEDGE FLOW-Trend funds dodge losses from silver wipeout, bank data shows

NDAQ

.SPX

Global shares declined ahead of key U.S. inflation data, with Wall St futures down 0.2%. Concerns over tech companies' shrinking margins and AI disruptions contributed to market jitters. Precious metals rebounded slightly, while oil prices continued to fall. Traders are focused on the upcoming U.S. CPI report, with expectations of a 0.3% monthly rise in the core measure. Currency markets remained stable, and OPEC+ is considering increasing oil output in response to summer demand.

- Global shares declined as traders await critical U.S. inflation data, with futures reflecting a 0.2% drop.  
- Precious metals rebounded slightly, while oil prices continued to fall, influenced by OPEC+ plans to increase output amid geopolitical tensions.  
- Market analysts suggest a shift towards defensive stocks as concerns rise over inflation and AI disruptions affecting major tech companies.

Nasdaq

S&P 500

NASDAQ-100

NASDAQ Composite Index

Dow Jones Industrial Average

ISHRS Us Brokers & Sec Exchg

Invesco Nasdaq 100 ETF

Proshares UltraPro QQQ

Proshares UltraPro Short QQQ ETF

First Trust Nasdaq Cybersecurity

Global X Internet

Proshares Big Data Refiners ETF

iShares Expanded Tech Software Sector ETF

Invesco Biotechnology & Genome ETF

VanEck Biotech ETF

Global X Cloud Computing ETF

First Trust Index NextG ETF

Proshares Ultra Nasdaq Biotech

Invesco Semiconductors ETF

ProShares Ultra QQQ

SPDR S&P Semicon

Financial Select Sector SPDR Fund

Global X NASDAQ 100 Collar 95-110 ETF

VG Financial

SPDR S&P Software

Direxion Semicon Bull 3X

ProShares Shrt QQQ

ChinaAMC Gold ETF

ISHRS Russ 1000 Growth

Franklin Exponential Data ETF

First Trust NYSE Arca Biotech Index Fd

Fidelity Nasdaq Composite Index ETF

Invesco QQQ Trust

Fidelity MSCI Financials Index

Direxion S&P Biotech Bear 3X

Global X Robotics & Artificial

ISHRS MSCI Glb Slct Met & Mining

ProShares Online Retail

iShares Biotechnology ETF

iShares Future AI & Tech ETF

Amplify Online Retail ETF

Direxion Daily Gold Miners Bear 2X

Global X E-commerce ETF

ISHRS MSCI Eafe Growth

SPDR S&P Biotech

iShares Semiconductor ETF

First Trust NASDAQ-100 Equal Weighted

VanEck Semiconductor ETF

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

ISHRS S&P Glb It

GLOBAL MARKETS-Global shares slip ahead of US inflation data, tech worries simmer

Baystreet

Gold Goes Higher on Dip Buying

European markets are sluggish as they await the US CPI report, a key risk event for the week. The dollar remains firm, with USD/JPY up 0.4% and AUD/USD down 0.5%. European indices are slightly lower, and US futures are down 0.2%. Precious metals have recovered slightly, with gold up 1% and silver up 3%. Oil prices have dipped due to reports of potential OPEC+ production hikes. Bitcoin is up nearly 2%, but still facing a potential fourth consecutive weekly drop. Market sentiment is cautious ahead of the CPI data release.

Investinglive

investingLive European markets wrap: Dollar holds firm, equities sluggish awaiting US CPI

Cryptocurrency bettors are increasingly investing in silver futures as the metal experiences a pullback after a strong start to the year. Current predictions show a 37% chance for silver prices to settle between $75-$80, with 36% for $70-$75. There's a 32% likelihood for prices to reach $100-$105 and 29% for surpassing $105 by February 25, the resolution date based on CME futures. Silver's price peaked above $120 in January but corrected to the $70-$80 range due to profit-taking.

benzinga_article

Silver's Pullback Ignites Prediction Market Frenzy: Here's What Crypto Bettors Are Eyeing By End Of February

Silver prices have plunged 12% from a recent high of $85 to around $76.50, driven by extreme volatility and whipsaw trading that has affected both long and short positions. This rapid price fluctuation, typical of smaller assets, is unusual for silver, a major global metal. The chaos is attributed to factors like large fund liquidations and pre-economic data positioning, with traders advised to focus on risk management rather than making directional bets until market stability returns.

TradingView

XAG/USD: Silver Dives 12% as Volatile Trading Keeps Wrecking Traders’ PnL

03081

UK's FTSE 100 index is expected to open higher, with futures up 0.35%. NHS workers will receive a 3.3% pay rise from April. Talks between Comcast-owned Sky and ITV regarding a potential acquisition have slowed. Oil prices remain stable, while copper prices fell amid a sell-off in China. Gold prices rebounded as investors await U.S. inflation data. The FTSE 100 closed lower on Thursday, influenced by a global risk-off sentiment despite a surge in Schroders' shares following a takeover agreement. NatWest's FY results are also on the corporate agenda.

GLD US(O87.SG)

Tao Dong: The opportunity for RMB assets has arrived, the bull market for technological independence is emerging, and it warns of the risks of U.S. Treasury bonds. "Buying gold at a high price won't be a mistake."

Spot gold and silver opened lower and continued to decline, with spot gold down 0.57% at $5,014.13 per ounce, and spot silver once dropping over 3%, currently reported at $75.41 per ounce

Ray Dalio's 10,000-word article: The old order is dead, the world returns to the "law of the jungle," trade wars and capital wars will become the norm

How to understand the global market at the beginning of the year? "Affordability" is the overarching narrative for 2026: "Main Street" needs to win once, the AI narrative is undergoing a major change, and the yen is the "key."

JPMorgan Keeps Bitcoin Bull Case: $266,000 Remains The Target