$GLD

Bloomberg's Eric Balchunas notes record inflows of $7b into gold and Bitcoin ETFs in a week, outpacing AI-related funds. SPDR Gold Shares (GLD) and BlackRock's iShares Bitcoin Trust (IBIT) led the surge, ranking among the top 10 most-traded ETFs. IBIT's year-to-date flows turned positive. The 'debasement trade' is gaining attention amid U.S. debt concerns and a weaker dollar, with Bitcoin surpassing $80,000 and gold also rising.

U.S. equities declined Wednesday as hotter-than-expected PCE inflation data revived rate-hike bets. Nasdaq 100 fell 0.6%, S&P 500 dropped 0.1%, and Dow Jones lost 0.2%. Nvidia's earnings and Fed Chair Kevin Warsh's upcoming speech are in focus. Semtech Corp. surged 8.1% on strong earnings, while Dycom Industries fell 11.3% despite record revenue.

Investors moved $7 billion into gold and Bitcoin (BTC) funds in five days, with SPDR Gold Shares (GLD) and BlackRock's iShares Bitcoin Trust (IBIT) seeing significant inflows. Bitwise CIO Matt Hougan argues the 60/40 portfolio is fully exposed to fiat currency, while Bloomberg's Eric Balchunas calls this the 'debasement trade.' The shift comes as US debt surpasses $40 trillion and Treasury buybacks signal potential dollar weakness.

SPDR Gold Shares (GLD) and BlackRock's iShares Bitcoin Trust ETF (IBIT) reentered the top 10 most traded ETFs. GLD saw $6.80B in volume, 228% of its 30-day average, while IBIT recorded $5.21B, 415% of its average. Both ETFs represent alternative-to-dollar-denominated-assets trades, with IBIT showing net creations, indicating new money inflows.

Gold surged 15% in August, its best month since 2008. A trader sold a $202 million call spread on GLD, profiting if gold stays below $425 by September 18. GLD closed at $426.69 on August 24, up 14.73% in a month and 37.38% in a year. The trade reflects a view on short-term ceiling, not a long-term bet against gold.

iShares Bitcoin Trust ETF (IBIT) rose 23% and SPDR Gold Trust (GLD) gained 5% in a week, though GLD is up 37% and IBIT down 33% over the past year. The debasement trade, driven by concerns over dollar weakness, supports gold and Bitcoin as safe havens. Recent data shows M2 money supply and inflation at record highs, but long-dated real yields near highs, complicating the debasement narrative.

SPDR Gold Shares (GLD) led ETF inflows with $1.19B, while mega-cap ETFs like QQQ, IVV, and SPY saw outflows totaling $4.35B. Defensive and diversified ETFs also attracted significant inflows, indicating investor reallocation across asset classes.

Gold prices hit record highs at $4,668/ounce due to U.S. fiscal concerns. A $58M options bet on SPDR Gold Shares (GLD) ETF suggests a potential pullback, with a bear call spread targeting a price below $425 by September. Investors are watching U.S. Treasury policies and inflation data for further signals.

Gold surged 15% this month, but a $18 billion options trade signals potential short-term reversal. A trader executed a call spread on GLD, suggesting bearish sentiment. Analysts note rising near-term pullback probability due to upcoming economic events. Despite this, gold's fundamentals remain strong, with ETF inflows and fiscal concerns supporting prices. Inflation data and Fed policy signals will be key for gold's outlook.

Gold hit a 4-month high, reaching $4,668/oz, driven by US fiscal concerns and bond-market intervention fears. A $58M options bet suggests a short-term retreat in GLD, the gold ETF, with a breakeven at $425. Analysts cite dollar debasement as a bullish factor, but higher interest rates pose a challenge. According to CNBC, the trade involved 116,000 contracts.