Limit Up! 10 October 2025
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Cryptocurrency and Alternative Investments - Ian ReynoldsIan Reynolds is an expert in cryptocurrency and alternative investments With over 20 years experience in investment banking and foreign exchange markets, Ian is a leading expert in capital markets, specifically in foreign exchange, bonds, stocks, commodities and Bitcoin. |
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Overnight
Economic Indicators Released Overnight
US Govt is still closed and Nonfarm Payroll unlikely for today, but no-one knows.
The US 30 year and other auctions have gone well this week
- Demand Strength: The low allocation to primary dealers signals high interest from end-investors and foreign buyers, bucking recent trends of softer long-end demand amid economic uncertainty.
- Market Context: This followed strong 3-year and 10-year auctions earlier in the week. The 30-year bond yield closed around 4.72% on October 9, up slightly from intraday levels.
- Comparison to Prior Auction: September 2025's $22 billion 30-year auction tailed (yield higher than expected at 4.813%), highlighting improvement in October.
All price happening in precious metals where Gold and Silver were very volatile, with Silver finally achieving a new all time high before being smashed lower.
US Equities
Breaking
Israel and Hamas sign Gaza ceasefire and hostage deal [Reuters]
Bitcoin
Amongst the chaos of Gold and Silver, Bitcoin is looking bid. I like the long wicks below 121.3k and would like to see price bounce off 117k. Read more
Commodities
Fun and games overnight before bullion banks likely intervened to drive the price back from the all time high of 51.20. Gold sold off too.
Price is still in the uptrend and looking positive. Too late to add to positions now and, like us, if you were long you should have taken some money off the table.
Who knows where the top is, but be sure to scale out.
Below 41.10 is where market would break significantly to the downside. Look at previous spikes to 50k. Don’t underestimate how low price can go. Read more
Foreign Exchange
DXY looking strong and we’ve now moved from a bearish price structure to a neutral one. The 99.60 close from 31 July is now the focus. Burst through that and an uptrend may be at hand. Read more
Bonds
Bonds looking solid with good auction results this week. Yield hasn’t broken up with USD surge. Plenty of covert buying from US Treasury buybacks. Read more
US 10 Year Government Bond Yield Daily
More on Substack
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