Wow. Gold sucks!
Look, if gold is getting slaughtered while cryptos are surging, can you imagine how weak they’re going to be when cryptos start selling off?
To put it another way, in the fact of every other asset on the planet soaring sky-high right now, GLD is doing this:
Silver also has a failed bullish breakout.
Miners, likewise, have put on their sneakers and jumped right across to the other side of the trendline. Total failure!
Anyway, in spite of all this drama, gold isn’t in serious trouble unless it breaks $1760. If it does……..forget it. This thing is a relic.