This ratio chart suggests to me that gold is finally going to take some of the verve out of the cryp-verse.
Up-to-date chart of RYT (tech equities) divided by IEF (the 10-year bond yield). This goes back thirteen years, and it strongly suggests lower equities, higher interest rates, or a combination of both, for the next few years.
In this upside-down world of ours, the only asset class which reliably sucks is the one you’d least expect: precious metals.
Crypto is far too tied to equity sentiment, and I think stocks are going to get blown to hell.
5 Charts
5 Charts
5 Charts
The next, much bigger test, is dead ahead with the SPY, which is vastly more important:
FEEDWell, there’s no doubt that the idea to short Brazil by way of EWZ has turned into a roaring success. I’d say that, in the weeks ahead, there’s way, way more to go.
After years of resisting, what finally pushed me over the edge and into crypto was my disgust at gold’s behavior. Precious metals should be thriving right now. Precious should be where the smart money goes. But, nope, it has sucked out loud f…
