The Gold Rush Returns

For this week's Trading Take, Beimnet Abebe (Galaxy Trading) and Alex Thorn (Galaxy Research) discuss extended positioning across funds and retail, and whether markets can keep grinding higher without a clear catalyst. They examine the Fed's aggressive rate-cut pricing and the risk of moving too quickly in an economy that still shows growth and price pressures.

The conversation also turns to gold's breakout to new all-time highs, Bitcoin's steadier footing after a difficult August, and Ethereum's surge on ETF inflows and leverage, highlighting how reflexivity in digital asset markets can fuel both rallies and reversals.