Recap for the day on $GLD $GDX gold 

Massive jump to a new all-time high on tonight's futures market

Even though everything else is pretty much ruling inflation themes out, the $MCHI $BABA price action tonight is bullish for gold

Why?

You can't have a China rally without a $DXY selloff, and a dollar selloff will bring the $TLT bond rally

From there, inflation will start to trickle back slowly

That's the long explanation, the short one is China has stockpiled gold since 2023 for leverage, so a China rally might = a gold rally ☕️
#GLD #GDX #MCHI #BABA