The market is telling two stories at the same time. One will be exposed this week.


Gold $4,538, Silver $76.87. The safe-haven assets are saying: Something's wrong, save yourself first.
VIX drops below 17, US stocks are still high. The risk assets are saying: Don't panic, everything is under control.
Bitcoin is caught in the middle, weekly and daily charts are all bearish, monthly chart is about to close in the red, but the price is almost unchanged. It doesn't know who to believe.
My judgment is simple: Safe-haven money is more honest than optimistic money. Gold is still in the low range, silver hasn't fallen back either. Someone is buying insurance. Bitcoin isn't falling now, not because it's strong, but because it's not its turn yet.
This week’s real narrative isn't PCE. It's gold and US stocks, who will bow first.
GLDX4.06%
VIX1.49%
BTC-0.42%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments