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🌅 Morning Update - 29 January 2026 (Thursday)
🟡 Gold in record mode: The rally has accelerated again, with gold breaking decisively above $5,500 and reaching the $5,580/oz area. Today’s gain is around +3%, while YTD performance has surged to +29%, marking the strongest start to a year in more than three decades. The move is broad-based across
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From Hype Cycles to Market Plumbing
Gold is printing new highs, silver is in a parabolic year‑end run, U.S. equities are rotating instead of melting up, and crypto is grinding sideways after a brutal derivatives reset. The latest institutional outlook from Coinbase argues this is not just another odd December, it is a preview of a mar
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Commodity Prices and Yield Spreads: Why the CAD’s Rise Wasn’t a Surprise for Experienced Traders
As someone who’s been through enough market cycles to recognize patterns, the recent rise of the Canadian dollar to a five-month high doesn’t surprise me, but it does remind me of a lesson I wish I’d learned earlier. The correlation between commodity prices and the CAD has be
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