Equity/Index & Cross Asset Volatility Specialist, Cameron Design

Jay Cameron

Equity/Index & Cross Asset Volatility Specialist

Cameron Design

We specialize in financial products and volatility. Our strategies balance speed, data, and risk control to capture opportunities across global markets. Our research leverages AI and data analytics to continuously refine our algorithms and adapt to evolving market dynamics.

Commodities

<ul>
<li>The recent breakdown of two-year support for SPDR Gold Shares ETF is driven by the Strait of Hormuz shutdown, escalating oil prices, and resultant global inflation.</li>
<li>Retail consumer interest in precious metals has dropped, confirmed by the lowest US Consumer Sentiment Index reading since 1952, showing widespread financial worry.</li>
<li>Weak summer seasonality in gold futures, particularly in June and July, presents a current opportunity to prepare for price movement later this year.</li>
</ul>


The recent breakdown of two-year support for SPDR Gold Shares ETF is driven by the Strait of Hormuz shutdown, escalating oil prices, and resultant global inflation.
Retail consumer interest in precious metals has dropped, confirmed by the lowest US Consumer Sentiment Index reading since 1952, showing widespread financial worry.
Weak summer seasonality in gold futures, particularly in June and July, presents a current opportunity to prepare for price movement later this year.


Gold: SPDR Gold K-Score Divergence and JUN/JUL Trading Strategy Amidst the Hormuz Inflation Shock

Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

Cross Asset Strategy

<ul>
<li>A review of recent events/data impacting our investment themes and outlook</li>
<li>What are major global bond markets telling us about the world?</li>
<li>We look at potential beneficiaries  of the next wave of inflation </li>
</ul>


A review of recent events/data impacting our investment themes and outlook
What are major global bond markets telling us about the world?
We look at potential beneficiaries  of the next wave of inflation 


Overview #27 – The Big Beautiful Tragi-Comedy Continues

Asian Hedge Fund Manager, Long Short Equity, Macro

David Mudd

<ul>
<li>Whatever economic scenario unfolds in 2026, a long Gold/short Bitcoin investment should outperform. The position is up more than 50% since October.</li>
<li>As one of the most leveraged and speculative parts of global asset markets, Bitcoin will struggle as the Fed ends its interest rate cuts by the end of 2026.</li>
<li>Gold continues to benefit from the Fed's pro-inflation policies, particularly with the restart of its $40 billion monthly QE program.  Continued currency debasement also supports a contnuation of gold's rise.</li>
</ul>


Whatever economic scenario unfolds in 2026, a long Gold/short Bitcoin investment should outperform. The position is up more than 50% since October.
As one of the most leveraged and speculative parts of global asset markets, Bitcoin will struggle as the Fed ends its interest rate cuts by the end of 2026.
Gold continues to benefit from the Fed's pro-inflation policies, particularly with the restart of its $40 billion monthly QE program.  Continued currency debasement also supports a contnuation of gold's rise.


2026 HIGH CONVICTION IDEA: Long Gold / Short Bitcoin

<ul>
<li>Are we witnessing a short-term carry-trade unwind or trend change?</li>
<li>JPY's strength and overall market weakness continue to go hand in hand.</li>
<li>Any near-term bounce  be used to reduce exposure in certain sectors</li>
</ul>


Are we witnessing a short-term carry-trade unwind or trend change?
JPY's strength and overall market weakness continue to go hand in hand.
Any near-term bounce  be used to reduce exposure in certain sectors


Nowhere to Run to Baby, Nowhere to Hide! Part 1

<ul>
<li>A monthly review of how the markets and our themes are currently performing</li>
<li>Analysing what went wrong and what went right in stocks and sectors</li>
<li>Highlighting positions added or removed from the thematic investment portfolio</li>
</ul>


A monthly review of how the markets and our themes are currently performing
Analysing what went wrong and what went right in stocks and sectors
Highlighting positions added or removed from the thematic investment portfolio


April Themes and Thematic Portfolio Review

United States

SPDR Gold Shares is an investment fund incorporated in the USA.  The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust's expenses. The Trust holds gold and is expected from time to time to issue Baskets in exchange for deposits of gold and to distribute gold in connection with redemptions of Baskets.

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52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
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SPDR Gold Shares (GLD US)

Gold: SPDR Gold K-Score Divergence and JUN/JUL Trading Strategy Amidst the Hormuz Inflation Shock

Inflation fears due to the Strait of Hormuz shutdown and rising oil prices have led to a breakdown in gold ETF momentum support, yet as consumers...

Jay Cameron

Overview #27 – The Big Beautiful Tragi-Comedy Continues

More positive news for the Uranium Sector. Jefferies upgraded the Australian uranium miners yesterday with $PDN, $BOE and $DLY rallying 15-20% & up...

Rikki Malik

2026 HIGH CONVICTION IDEA: Long Gold / Short Bitcoin

Our long gold (3.5x)/ short bitcoin (1x) conviction trade has produced a 56% return so far in 2026. In February, the strategy has produced a 25%...

David Mudd

Nowhere to Run to Baby, Nowhere to Hide! Part 1

Given the short-term oversold conditions in the Nikkei and Topix, we would take some profits on any shorts in anticipation of a bounce and get...

Rikki Malik

April Themes and Thematic Portfolio Review

We review overall market performance, our investment themes, highlighting additions and substractions in the thematic portfolio.

Rikki Malik

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Gold: SPDR Gold K-Score Divergence and JUN/JUL Trading Strategy Amidst the Hormuz Inflation Shock

​Inflation fears due to the Strait of Hormuz shutdown and rising oil prices have led to a breakdown in gold ETF momentum support, yet as consumers...

Jay Cameron

Overview #27 – The Big Beautiful Tragi-Comedy Continues

More positive news for the Uranium Sector. Jefferies upgraded the Australian uranium miners yesterday with $PDN, $BOE and $DLY rallying 15-20% & up...

Rikki Malik

2026 HIGH CONVICTION IDEA: Long Gold / Short Bitcoin

Our long gold (3.5x)/ short bitcoin (1x) conviction trade has produced a 56% return so far in 2026. In February, the strategy has produced a 25%...

David Mudd

Nowhere to Run to Baby, Nowhere to Hide! Part 1

Given the short-term oversold conditions in the Nikkei and Topix, we would take some profits on any shorts in anticipation of a bounce and get...

Rikki Malik

April Themes and Thematic Portfolio Review

We review overall market performance, our investment themes, highlighting additions and substractions in the thematic portfolio.

Rikki Malik

Inflation fears due to the Strait of Hormuz shutdown and rising oil prices have led to a breakdown in gold ETF momentum support, yet as consumers...