Gold’s Nap Time, Yen’s Gym Time

September 30, 2025

Thoughts on the Market

This report outlines the rationale behind my decision to fully liquidate my gold positions and strategically reallocate a portion of the risk into bearish U.S. dollar structures, with a particular focus on the Japanese yen. It is still very, very early with the yen idea, so I am only recommending a light exposure at the current time.  The decision is grounded in technical exhaustion, inter-market signals, macroeconomic uncertainty, and evolving central bank dynamics.