Ideas
Central banks and Tether support gold.
Gold is supported by a major monetary shift: central banks have been net buyers every year since 2011 after selling in 2000-2009, and Tether has become a large holder. These structural flows help explain the extreme move and could support sustained gold demand.
Dollar tests 200-month average; watch breakdown.
The US dollar is testing its 200-month simple moving average and attempting to break down. If it does, a structurally weak dollar world would have broad implications and would likely support commodities, although this is a developing setup rather than a confirmed trend.
Monetary regime shift favors commodity super cycle.
A commodity super cycle usually takes off when there is a change in the monetary system. With the US dollar testing a long-term breakdown and central banks buying gold, this time may be different from prior false starts, supporting very sustained trends in commodities.
Diversified CTAs beat narrow replicators.
Replicators tend to trade fewer markets and have much less commodity exposure than fully diversified CTAs. If a commodity super cycle unfolds, their narrower universe could remove the diversification and return benefits that fully diversified CTAs offer.
Diversified CTAs beat narrow replicators.
Replicators tend to trade fewer markets and have much less commodity exposure than fully diversified CTAs. If a commodity super cycle unfolds, their narrower universe could remove the diversification and return benefits that fully diversified CTAs offer.
Broad metals trends need diversified exposure.
Trend profitability has broadened across a wide range of metals, including copper, aluminum, silver, gold, platinum, and palladium. Gold does not fully represent all of these trends, so diversified metals exposure captures multiple themes and reduces dependence on one asset.
Negative press signals trend following buy.
Negative press coverage of trend following and managed futures is usually not a bad sign and often marks a buying opportunity, because the strategy is cyclical and tends to recover after challenging periods.
Cocoa shows commodity trend opportunity.
Cocoa is among the idiosyncratic commodities showing opportunities, adding to the broad set of commodity trends beyond metals.
Equities remain positive trend contributor.
Equities have continued to be a positive trending contributor, adding to multi-sector trend profitability and helping diversify a portfolio that also has weak-dollar and commodity trends.
Short dollar, long Aussie momentum.
The short US dollar theme has extended and worked very well, with the Australian dollar particularly strong. The combination of a weak dollar, pro-growth trends, and pro-metals trends creates multiple diversified momentum themes rather than a single narrow trade.
Short dollar, long Aussie momentum.
The short US dollar theme has extended and worked very well, with the Australian dollar particularly strong. The combination of a weak dollar, pro-growth trends, and pro-metals trends creates multiple diversified momentum themes rather than a single narrow trade.
Boom-bust environment favors trend following.
Trend following is off to a roaring start, and the current extreme, boom-bust environment is very positive for the strategy. Trend following can participate in the boom and then pivot to participate positively in the bust, unlike steady markets or isolated shocks.
This Top Traders Unplugged video, published February 01, 2026,
features Niels Kaastrup-Larsen, Katy Kaminski
discussing GLD, USD, DBC, Fully diversified CTA programs, CTA replication products, COPPER, Aluminum, SILVER, PPLT, PALL, Managed Futures, COCOA, Equities, AUD.
12 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Niels Kaastrup-Larsen,
Katy Kaminski
· Tickers:
GLD,
USD,
DBC,
Fully diversified CTA programs,
CTA replication products,
COPPER,
Aluminum,
SILVER,
PPLT,
PALL,
Managed Futures,
COCOA,
Equities,
AUD
