Flight to safety in crapto currencies today. Safety, aka cold hard US dollars.
I stick with my analysis that, because of the unlimited, endless, infinite supply of new cryptos flooding the market all the time, eventually all crypto will gravitate toward a value of zero. BTC will be the bellwether.
Some folks razzed me when I suggested at the beginning of the year that the best investment strategy overall was cash, or short if you’re allowed. Many money managers aren’t permitted to go short. Many investors are stuck in plans that can’t short. That’s too bad.
But crypto is absolutely the last place in the universe that I’d speculate in. It’s only use is money laundering, and crime fighters are catching on about how to crack that.
In recent weeks I have continuously upgraded my outlook on gold, and on mining stocks, adding a bunch to my chart pick list. They’re doing well.
