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I just saw that Zaorski is back in pure speculation mode. This Polish guy has a knack for showing up right when something interesting is happening in the markets, and this time was no exception.
What he did was quite aggressive. While gold and silver were soaring to all-time highs, Zaorski took short positions. He started at the end of last year with some trades; some made money, others lost, but when he saw these metals behaving almost irrationally, he decided to intensify. He opened shorts on gold around $5,500 USD and silver near $117 USD.
And here’s the interesting part. The market did exactly what Zaorski expected. Within hours, gold dropped 15% and silver nearly 35%. That’s the kind of movement you see in altcoins, not in traditional assets. Zaorski closed his positions more or less in the middle of the drop; it wasn’t perfect, but he made quite a bit. Ironically, he commented that if this failed, he would move under a bridge in Warsaw. Obviously, that wasn’t necessary.
But the juiciest part is coming now. Zaorski is already looking elsewhere. He posted that next week he’s returning to cryptocurrencies. “It’s going to be an exciting quarter,” he said. And that’s important because when Zaorski gets active in crypto, it means he expects strong movements.
According to him, he’s waiting for the Fed’s new president to trigger a recovery in the crypto market—someone more friendly to cryptocurrencies and supportive of easing monetary policy. But here’s the catch: considering we’re slowly entering a bear market according to Bitcoin cycles, and knowing Zaorski prefers short positions, he probably expects euphoria about the change first, followed by dynamic declines in crypto.
The next few weeks will be entertaining. Either Zaorski mocks his critics by highlighting his gains, or they’ll be the ones to tarnish him by marking another failure. With this guy, you never know what to expect, but there’s always action.