End of Q1 2023 review - long GLD 194 calls 3-6 months out

GC 04-23 was aggressively accumulated by large traders in the latter half of March and is looking to resume a cyclical bull market that began last Fall.  June Monthly 194 calls at 2.66

    ZN and ZB 06-23 have similar but more subdued patterns of accumulation.

    Bets on easing monetary policy

NQ 06-23 is melting to the upside leading an intermediate-term upswing in equities.

    ES 06-23 follows

Tech-centric/regional banking crisis 8am regime

 The correlation between long-dated US treasuries, gold (metals), and the US Dollar has increased significantly as banking crisis contagion spreads especially around 8am EST.

As the 45-min correlation on 1-min chart between GC 04-23 and ZB 06-23 troughs around 0, this marks a lagging indication that the consolidation is ending/ended before another leg up in these securities.