First signs of bottoming process and accumulation on Gold.
Gold's down almost 20% since August.
No one is interested, everyone is busy being euphoric on stock market and crypto.
Could be smart to start building a long-term trade position here.
"Buy when no one is talking about x, sell when everyone is."
Gold's down almost 20% since August.
No one is interested, everyone is busy being euphoric on stock market and crypto.
Could be smart to start building a long-term trade position here.
"Buy when no one is talking about x, sell when everyone is."
Kommentera:
Though I see Bitcoin eating gold's market share in the long-term, I believe gold will still have it's place in the next market contraction. Especially if stock and crypto bull markets turn sour roughly at the same. Which I believe to be likely.
Kommentera:
Another bullish narrative for gold could obviously be inflation fears, but I don't feel sufficiently competent to estimate those scenarios.