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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:
Only a few days ago, I did a post called Some Little Guys which pointed out some alt-coins that seemed poised, from this chartist’s point of view, for growth. Well, zippy-dee-doo-da, there they go:
In NFTRH we did a lot of work managing the oncoming correction, the valid reasons behind it (these reasons are beyond the scope of this post, but don’t listen to the perma-bulls, they were more than valid and readable in advance), the now nearly 5 month old correction (technically still intact) and more recently the improved risk vs. reward after HUI hit our long-standing ‘best’ target of 280 +/-.
(more…)And then, chaos ensued.
Different as it is, but the construction of this post is just the same as the one one Peloton. Except this time: precious metals miners (GDX):
