Loading ...Love the way the shares are acting. Outside of the RSI’s being above 70 and a little overbought, I’m with Ipso. I don’t see a whole lot that can derail our rally. I suppose rates rising again with a stronger USD can stop us from time to time, but the trend has changed IMHO and it’s strong.
FOX Business had the Bitcoin guru Mike Novograts in for an interview, he was buying Bitcoin AND gold. Said gold has been this level six times and when it breaks it will blow and jump to $2,700 – $3K.
He was the second guest on the show that was buying gold. Unfortunately, Novogratz was buying futures. I wonder if he’s ever had the pleasure of playing the long side at the Crimex before? 🙂 He said he didn’t think the Crimex was going away anytime soon.
What will things be like when the USD loses reserve status? Do they devalue the USD and force everyone on to a CBDC? Will we be receiving Yuan for our pm’s? So many questions.
Kudlow actually said today that he liked a gold backed or commodity based currency. That might be what they need to maintain status. Would mean a massive revaluation of the metals.