Leverage, Margin, Cryptos Crashing

[errolanderson]

You’re right . . . . Gold appeared to lose investor demand from the younger crypto crowd (IMO). Crypto’s fallout may be gold’s gain. Maybe this allow gold to blow through recent resistance lines.

The next month will be very interesting in the financials as economic reality is now taking-a-swing at markets . . . .

[wheatking16]

You’re right . . . . Gold appeared to lose investor demand from the younger crypto crowd IMO). Crypto’s fallout may be gold’s gain. Maybe this allow gold to blow through recent resistance lines.

I covered Gold this past week referencing GDX as well.

https://klarenbach.substack.com/p/gold-time-to-be-a-bug

[errolanderson]

Bank of Canada 1/4 percent rate hike this week?

Hike already built into the loonie (IMO). If the BOC chickens out, big drop in the CAD possible.

[errolanderson]

For what it is worth, Bitcoin crashed down to chart support of $33,500 today.

But ‘lines on a chart’ don’t much matter when margin calls come-a-knocking . . . .

[bobofthenorth]

Bulls make money.

Bears make money.

Pigs get slaughtered.

'Twas ever thus.

Ancient Chinese curse: May you live in interesting times.

[errolanderson]

As one U.S. investor stated this morning; I’m rotating out of tech stocks into diaper, toilet paper, beer and tobacco stocks . . . .