14.04.2021 - Gold

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First signs of bottoming process and accumulation on Gold.

Gold's down almost 20% since August.
No one is interested, everyone is busy being euphoric on stock market and crypto.
Could be smart to start building a long-term trade position here.

"Buy when no one is talking about x, sell when everyone is."

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ملاحظة

Though I see Bitcoin eating gold's market share in the long-term, I believe gold will still have it's place in the next market contraction. Especially if stock and crypto bull markets turn sour roughly at the same. Which I believe to be likely.

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ملاحظة

Another bullish narrative for gold could obviously be inflation fears, but I don't feel sufficiently competent to estimate those scenarios.