Ya everything except gold. Lol.
Before I even start…..quickly ask yourself “what person under the age of 40 do you think will ever EVER EEEEVER in their lifetime consider buying gold?” Go ahead…ask your kids…ask your grand kids. See what they say / know.
Don’t you get it? It’s a dead asset. With the advent of Bitcoin ( a digital gold with a finite supply and no means to manipulate ) there’s not a millennial on the planet that even cares or knows gold’s current price, let alone is “pining away for an entry”.
It’s done. It’s over. It’s been replaced. Stop looking at it and move on.
The U.S Dollar Topping out as I write. You serious can’t make this up. I come out of hiding / throw out a bone and literally “nail it on the day”? It’s the same thing over ‘n over ‘n over n’ over.
When RISK is off ie…..Russia blowing the shit out of Ukraine and the continued fallout of millions of people out of work due to Covid, people freak out and “sell their assets” = right? So which currency do you think benefits from this “macro move”? Do I need to spell it out? UUUUU….SSSSSS…..DDDD.
When RISK is back on…..it’s simply the opposite. US Dollars flood “out of people’s bank accounts” and “in to stocks / crypto / risk assets in general” ya? You get it? There’s really only one trade…fear = usd up / greed = usd down.
I assume The Fed does it’s thing on Wednesday, fear subsides and it’s all rainbows ‘n sunshine for the rest of the year. Maybe we get outta dodge late November, but let’s take things one step at a time.
You can ask me questions you know…don’t be afraid. I don’t bite – hard.