When GOLD Runs It Runs | And Crypto Too

Mar 06, 2024

GOLD and BTC are the popular ones this week.

Every other tweet has either one or the other mentioned.

If you follow our crypto updates you will know we have been bullish on crypto over the past couple of quarters and well…

We took profits on some ETH longs with the Private Network about two weeks ago.

A little too early, yes.

But objectively the macro context right now for crypto is more finely balanced with multiple risks ahead that could trigger a large correction.

Risks? What risks?

We will be discussing that on the next crypto update.

Now, the focus for us has shifted from crypto longs to GOLD longs.

The macro context for GOLD:

If inflation resurges, GOLD does ok.

If inflation drops and the FED cuts gradually, GOLD does well.

And if the FED has to cut forcefully because of a global recession, GOLD does VERY well.

It’s a really interesting asset right now that offers solid protection against multiple scenarios, including a geopolitical escalation.

We are bullish, and we think its fair value is above 2200.

And, by the way, we are not the only ones:

That’s Goldmans above.

So it’s sentiment from fairly high quality traders and investors.

Not the average retail, so to speak.

Should you just jump straight onto it at market price?

No.

Use dips, find technical zones of confluence where to buy those dips.

That’s what we do.

Fundamentals for direction, technicals for entry.

Alright.

With that said…

Let to know what you think about GOLD bullishness with the cool buttons below 😉

Thank you.