SI369: Liquidity, Leverage, and the End of Safety ft. Mark Rzepczynski
SI369: Liquidity, Leverage, and the End of Safety ft. Mark Rzepczynski  
Podcast: Top Traders Unplugged
Published On: Sat Oct 11 2025
Description: Gold is ripping, but it’s not about inflation. It’s about trust - or the slow erosion of it. Mark Rzepczynski returns to map out the shifting terrain as central banks quietly step away from sovereign debt and build reserves in metal, not paper. Niels presses on what this says about safe assets, liquidity, and the narratives we’ve long taken for granted. They unpack the rise of short-term options, the distortive power of retail flow, and the fragility buried inside modern plumbing. And as trend followers chase edge in crowded markets, Mark offers a glimpse into what comes next: networks, feedback loops, and systems that learn - until they break.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Mark on Twitter.Episode TimeStamps:01:34 - What has been on our radar recently?05:43 - Is this time different for gold?14:13 - Just a gold story?16:38 - Should we redefine the definition of safe assets?19:45 - The Fed has to change26:08 - An overbearing uncertainty30:25 - Our thoughts on meme stocks35:30 - Not every innovations are good39:02 - How narratives impact how products are sold46:21 - Industry performance update49:39 - Alternative vs traditional assets01:00:43 - Every CTA is a short term trader01:05:59 - The power of seeing the connection between markets01:14:32 - What is up for next week?Copyright © 2025 – CMC AG – All Rights...