September 25, 2025 - (Gold Market Wire) - The opening bell in Europe this morning was met with a unified cry:

‍"Take 'Em!" / "Buy 'Em!" / "MINE!!"

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The buyers are out on force and the market is on a serious tear.

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Whoever bought on the opening meant business. It looks like an institutional order, and that means JPM or GS filling a customer in-house and then turning on the jets in futures market.

Now that the order has been filled (we assume) ...when are the sellers going to step in? Right now, it looks like they are running for cover.

Odds are, we are on our way to $50 /.oz. Not without some volitility... but the map looks fairly clear.