RE:Re:RE:RE:don't make the mistakeno chart damage yet as POG held 1815. But I am concerned with rising US bond yield. I think it foretells inflation and it's the bad kind. However, market seems to think it means growth. I honestly don't see that angle given the fed's clear message and COVID. Those putting faith in Biden adminstration to spur real growth with helicopter money is ill-conceived. That is exactly how you get hyperinflation. We will know if this investment thesis is correct when SPX either gaps up or fails to break out. There might be a flight to cash like March last year but obviously not to the same extend.
OGC is still oscilliating around 200MA. As said, I am giving about 6 weeks for the golden cross.
Re. bitcoin...Its use as a store of value depends on the number of people agree that it is as such. It's a trade and will remain so until large institutes and CB's adopt it. At this time, I don't think majority of the people investing in them see it as a store of value, hence the wild action. And if it is a store of value, reaching $40,000 should have completely disrupted the system. The fact that this happened is proof that it is not workable to replace a true alternative currency like gold and silver. I think of bitcoin like a memoribilia or collectible where there is a tiny group of people willing to pay good money for. I am not ruling out that one day bitcoin can be what it claims to be, but it has to start with government and banks accepting it as a currency. Otherwise it's nothing but a scam as you are paying for something with no intrinsic value.
This is just my humble opinion.