I’ve placed all the charts that didn’t render in yesterday’s YouTube.
Bitcoin hit its 200 DMA and bounced.
Looking at Gold/Bitcoin I want nothing to do with it.
It has the potential to go back to its opening range which would take Bitcoin into the 70K area.
Gold hit its target in early Asian trading. Bingo!
One of our subscribers sent me a note saying he just cashed out on his long metals positions form August.
I bled out some of my ETF holding yesterday near the close.
I’m still long but the metals could take a few months of consolidation to regroup.
Every trader and investor has to ask themselves ” are you trading to make money or trading to be right”
Bund is into weekly resistance. U.S. 30 yr. ran a few buy stops.
Equity/Bond spreads held some big support levels and are bouncing.
Be a little patient early.
Spreads currently favor Equities