Pre Mkt Thoughts: - Picked up some $XAU and $BTC longs yesterday. Got a feeling things may change for the better, for both Bitcoin and Gold. The reasoning is simple. - BTC is bottoming, we may see some whipsaws, but its pushed past the VAH @ $65K and is looking strong. - Saw a lot of $70K calls thanks to @DeriveXYZ and @derivativemonky posts. - Q3-Q4 bottom + bull in 2027 thesis So, hoping a good swing trade here. But ready to accept if reality changes. - Nation states are continuing to purchase gold at an alarming rate. - PBoC has bought gold for 20 consecutive months, purchasing 15 tonnes of gold in June 2026 only. - India, Singapore, Poland, Uzbekistan, and other countries are also doing the same. - China is obviously doing it to insulate itself from the US dollar and other foreign exchange reserves. Once gold is done cooling off from its previous rally (I believe it's close, may be one or two more whipsaws) it could skyrocket again.