Do you still believe stock picks from Wall Street big banks?
$SPDR Gold ETF(GLD)$
Last Friday (1/30), after Trump announced the appointment of hawkish figure Kevin Warsh, JPMorgan deployed massive capital to smash the market, taking advantage of higher margin requirements at the Chicago Mercantile Exchange. They aggressively shorted silver, and when prices crashed to a low of $78.29, they closed 633 short contracts, flipping huge losses into a staggering USD 50 billion profit.
Yet just 24 hours before launching this brutal short attack on gold and silver, JPMorgan had released a research report claiming gold would surge to USD 8,000 per ounce.
A textbook Wall Street trap.
@Tiger_comments @Daily_Discussion @TigerStars @TigerObserver @TigerPM
$5400, 5800, or Beyond $6000: Would You Reload Gold?
After retreating from $5,600 highs, ANZ now lifts its Q2 2026 gold target to $5,800, arguing the pullback may attract fresh inflows. Unlike 1980 or 2013, analysts see structural drivers — central bank diversification, dollar skepticism, geopolitical stress, and policy uncertainty — underpinning demand.
ANZ says gold’s strategic “insurance” bid remains intact. Meanwhile, silver is expected to track gold but underperform, with the gold-silver ratio reverting toward 70:1.
With Goldman at $5,400 and UBS/JPM near $6,200–$6,300 — is this consolidation, not a top?
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