Gold a safe-haven? Gold and WW3? Gold vs Bitcoin!

שלשום

The theory is that Gold must grow because it is a safe haven and there is war, correct? This is now popular wisdom and this can be a truth but this can also be exploited.

Everybody knows this theory and everybody assumes that it is going to be this way because this is now popular wisdom. This is going to be exploited.

Notice that Gold produced a parabolic rise, a bull-run and also all the stocks did the same. Also the SPX, the DJI, the NDX and the rest, even the Cryptocurrency market but the Cryptocurrency market is ahead so it peaked much earlier this year.

So it isn't just Gold. Look at the stock market. Look at the indexes, they all produced major growth and are ready to go down, some producing four months long lower highs and Gold is showing signals of exhaustion. We see high volume recently but no new highs.

The fact that everybody thinks that Gold is going to keep growing and keep on going high because the geopolitical situation, is a strong signal, because whatever becomes the predominant belief, professionals traders tend to bet against. Since professional traders own the major portion of the capital that is moved around the markets, if they go short, the market moves down.

Gold is going down, together with the rest of everything.

The only reason to think that Gold will go higher is based on an assumption that is literally 100 years old. If we step into the present, Gold is no longer the safe-haven it was, Bitcoin is the new Gold.

I know this won't be popular but, Gold can be considered just another stock.

Just watch how it behaves and in the coming weeks and you will see that it has nothing to do with war.

Thank you for reading.

Namaste.