Christopher Aaron

@RBJ_trades @FT

Gold -- despite the US / Iran ceasefire, gold got rejected again by its former rising trend. Resistance is still at $4,800, and gold is in a downward trend (until proven otherwise).

@KobeissiLetter Downward trend still valid after being rejected by former rising support

Global gold funds are showing the first signs of recovery since the Iran war began: World gold-backed ETFs posted +9 tonnes of gold inflows in the week ending April 3rd, the highest since the last week of February. This comes after 4 consecutive weekly outflows of -88 tonnes following the outbreak of the Iran war. The largest US gold-backed ETF, $GLD, alone added 7 tonnes last week, bringing total holdings to 1,054 tonnes, the highest since March 20th. $GLD's holdings are still -47 tonnes below the early March peak of 1,101 tonnes, which marked the highest level since April 2022. Meanwhile, holdings in the silver-backed ETF, $SLV, fell -24 tonnes over the last week, to 15,264 tonnes, near the lowest since November. Investors are rotating back into precious metals.

@FT Gold in a downward trend unless proven otherwise

Turkey has sold or loaned out $20bn of gold since the outbreak of the war in Iran, in a flurry of disposals that contributed to the biggest monthly price drop for the metal since 2008. ft.trib.al/UC0fZps

@KobeissiLetter Gold rejected again by its former rising trend @ $4,800.

The market's reaction is very telling. Amid the news of a two-week ceasefire, the S&P 500 is now nearing 6,800, trading just ~3.5% away from a new record high. Gold prices are soaring toward $4,900/oz, Bitcoin is above $72,000, and silver is nearing $77/oz. The reality is that in the background of the Iran War's headlines and volatility, the AI Revolution has been rapidly expanding and inflation expectations have risen. Magnificent 7 companies are investing over $600 BILLION in AI CapEx this year alone, and that has not changed. On top of this, we have seen exposure to equities drop sharply due to the volatility, now at the lowest level since May 2025, with this capital eager to re-enter the market. So now, we have one of the biggest technological revolutions in history coupled with higher inflation, which investors need to hedge against, and trillions of dollars of sidelined capital. We have been saying it for months and will continue to say it now: Own assets or be left behind.

@PeterSchiff Peter, time to brush up on your Orwell:

What if this war ends with Iran in a stronger position than when it began, the U.S. in a weaker position in the region, and Americans facing a greater threat? To prevent that outcome, the war could drag on indefinitely. In other words, Trump may have started another forever war.

@UKBackintheDay2 I'm just gonna say it -- the "Blue Version" was even better: youtube.com/watch?v=v6jtGL…

41 years ago today, a-ha released 'Take On Me' and the music video is still more magnificent than AI could ever imagine…

@MetalMoney1977 That fits with my primary outlook, yes

@iGlobalGold I don’t think the bottom is in until at least June.

Be Careful -- Gold's make or break level is $4,800 this week. A close above that level and the low is in. A failure there could see another round of liquidation into mid-year. ⬇️ FREE PODCAST for MORE ANALYSIS ⬇️ youtu.be/k0Y2amPqR24

@TweshaSA Cheers and good luck with the short!

@iGlobalGold It's the record high week close. A significant pivot level that held support and pushed prices higher on the 17th,18th of February.

@wrx_hj I tend to agree. Would be much healthier to have a solid year of consolidation first.

@iGlobalGold I’d say break. It still too steep keep on going up

@freyalewis44 4730 good for today... 4800 resistance from the recent swing peaks

@iGlobalGold I'm also looking to buy gold till 4730

@TweshaSA Why do you say?

@iGlobalGold I'm looking at 4860

@PeteHegseth Fantastic - you should be really proud of yourselves. I'm sure creating a power vacuum in Iran will work extremely well, just like it worked in Afghanistan. Idiots.

Back to the Stone Age.

@keyboardofGeoff Unbelievable, especially that the market keeps falling for it

@iGlobalGold would👆be the 13th🤔 axios.com/2026/03/30/tru…

"2 - 3 weeks"... kicking the can down the road again. Does anyone believe this shit anymore?

@gaboo25143274 Could very well see this. And of course we know that 2 - 3 weeks of boots on the ground could very easily turn into 2 - 3 years or 2 - 3 decades...

@iGlobalGold I think two - three weeks was what he has in his head for ground action in Kharg and surrounding areas. This is already appalling and is really going to end in tears whatever “victory” the US gets. It’s clear he’s after the oil.

@SeniorWinki Yes, after the short-term panic into the dollar, the long-term ramifications will be dollar-negative.

@iGlobalGold At some point the dollar is going to be hammered in this game of cards..

@JLGD100 I can't disagree.

@iGlobalGold Imagine a country coming over here and bombing the USA's civilian infrastructure, including universities. Now he says power generation sites are next. True terrorist actions.