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_c
Gold Rebounds Strongly! Is the Bull Market Back on Track?
After two days of sharp selloffs, gold and silver staged a strong rebound. Spot gold climbed back above $4,800/oz, rising more than 3% intraday, while silver surged 5% to reclaim the $83 level. The bounce comes amid extreme volatility across risk assets, as investors reassess positioning after forced liquidations and margin stress earlier in the week. Is this rebound signaling a renewed rally? Or are gold and silver still vulnerable to further volatility ahead?
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