MacroScope
@MacroScope17
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Topics: institutional trading, asset management and monetary policy. Tweets are opinions only and are not intended as advice.
New York, USA
Joined August 2017
The established sequence: 1. Gold moves up. It outperforms BTC for weeks or months while BTC is quiet or drops. 2. Gold’s outperformance over BTC begins to slow, then reverse. 3. BTC catches up and vastly outperforms gold and other assets. If this gold/BTC cycle plays out
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Two weeks ago at BTC 109k. Starting to develop as expected. If it continues to play out like April, BTC would see new highs in coming months.
Gold is screaming to be long BTC once this BTC retracement is done. The last time this happened was below in April. Gold had just made a huge move to the 3400-3500 area. During that same time, BTC retraced from 109k to 75k. The inflection point (noted below) was a positive
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What word means louder than "screaming"?
Gold is screaming to be long BTC once this BTC retracement is done. The last time this happened was below in April. Gold had just made a huge move to the 3400-3500 area. During that same time, BTC retraced from 109k to 75k. The inflection point (noted below) was a positive
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One week ago at gold $3400. Now eyeing $3600 after today's jobs numbers. This continues to apply including --eventually -- for BTC. The protection trade will become even more important. More soon.
Gold should be watched here. Quietly near its high, tight range for months, out of the headlines. Futures positioning hasn’t given strong signals this year, partly due to the huge underlying sovereign bid that has made positioning a less reliable indicator than in the past. In
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👀
Incrementando nuestras reservas de oro…
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Reach out if interested! See our 2025 Debate Guidance on our profile.
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Early August. "Another interesting tidbit" has gotten even more interesting since then.
I’ll have more to say about Harvard’s large BTC position that was disclosed yesterday (see below). It’s certainly one of the most important ownership disclosures since the inception of the Bitcoin ETFs. It will have an impact in the endowment space as well as the broader asset
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After my El Salvador trip reports, I’ve gotten lots of questions from readers who want to visit. If you’ve been waiting for a good time to go, this looks like an important event. And it’s in San Salvador’s Centro Histórico. You can read what I think about that here:
This isn't just a conference. This is a testament to an extraordinary moment in history. We are proud to announce BITCOIN HISTÓRICO: a global summit on Bitcoin, transformation, and relentless optimism for the future. We believe Bitcoin is more than an asset - it's a tool for
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I cover this in my latest News Block this week… with signals via @MacroScope17 of why Bitcoin may have a major breakout soon. Uptober loading? ⚡️ 10 min show: https://t.co/wAq2Y4k89s Free substack:
open.spotify.com
Coin Stories · Episode
Gold is up 70% since the start of 2024. The market is telling you something. Are you listening?
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Thanks @natbrunell for the mention at 6:10. Link to September 1st episode is here: https://t.co/OENabkadaU
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Gold is screaming to be long BTC once this BTC retracement is done. The last time this happened was below in April. Gold had just made a huge move to the 3400-3500 area. During that same time, BTC retraced from 109k to 75k. The inflection point (noted below) was a positive
This positive divergence by BTC should be jumping off the screen of any money manager with a pulse. Potentially historic. Let's see how it plays out. Gold has been shouting from the rooftop to be long BTC once BTC starts to diverge from risk. Continuing to watch a reclaim of
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Yesterday at gold 3400 (now 3440). Gold and BTC are again showing the lead/lag relationship that we've seen many times before (gold leads, BTC eventually follows). This is because of BTC's equity-like risk component in shorter time frames. Watch the gold levels in the post below
Gold should be watched here. Quietly near its high, tight range for months, out of the headlines. Futures positioning hasn’t given strong signals this year, partly due to the huge underlying sovereign bid that has made positioning a less reliable indicator than in the past. In
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Gold should be watched here. Quietly near its high, tight range for months, out of the headlines. Futures positioning hasn’t given strong signals this year, partly due to the huge underlying sovereign bid that has made positioning a less reliable indicator than in the past. In
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Lots of debate about the Fed’s meeting last week. Here’s the “just tell me what I need to know” version. No, the Fed didn’t abandon its 2% inflation target (the initial headlines were a bit misleading). The Fed revised its framework for achieving the 2% target, reverting to its
This is where you should start watching the Fed for any softening of language around the 2% inflation target. Could be in media leaks or less mentions in FOMC statements. 2%+ will be tacit at first, eventually official. They know this needs a long prep, can't spring it on market.
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I see a well-known professor trying to justify a bad call he made years ago. As an Ivy MBA grad, here's some advice based on personal experience: Never listen to the asset predictions of any "expert" at these schools -- especially if it's someone who has spent a large part of
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Let's be clear about Bo Hines leaving for the private sector. There is nothing wrong with this. In fact, when someone in an administration is highly capable and passionate about his area of policy (and Bo Hines is both of those) he can often do more in the private sector to
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"Optimally positioned" https://t.co/kvZDaL1kLF
When an administration official leaves for the private sector, it's usually because he knows what's coming in terms of policy impact and he wants to be optimally positioned for it. Has happened many times in previous administrations.
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Ha! https://t.co/04OuvwEAnJ Apparently only on the terminal...let's see if they publish it publicly. I'm guessing this is the result of queries about why this story was not covered.
It’s now been more than a week since Harvard disclosed owning $116 million in BTC. This was an important story in the financial markets, and many mainstream readers would also be interested. Unless I’ve missed something, no major financial or general interest publication has
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It’s now been more than a week since Harvard disclosed owning $116 million in BTC. This was an important story in the financial markets, and many mainstream readers would also be interested. Unless I’ve missed something, no major financial or general interest publication has
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