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RE: Gold, Silver, GDX chart review, April 14th 20:00 PST
Hi glennolua,
I wonder which direction gold, silver and dollar index will go thru this summer? How these movement will affect Bitcoin if any?
Hi glennolua,
I wonder which direction gold, silver and dollar index will go thru this summer? How these movement will affect Bitcoin if any?
People were selling their physical gold and taking a loss and placing the proceed into BTC. That was last year when BTC was on a bullish tear to the upside. I still think/speculate that Gold will be higher in the coming years.
Gold will be higher in the coming years because perhaps, investors will lose faith in the Stock market where they will take out money and invest in Gold, a hard asset?
When the US dollar looses value due to debasement, investors typically will purchase commodities. I'm pretty sure BTC will also be higher year over year.