There are only a few places for money to be stored. With the FED reducing rates to 0.25 to 0% that removed bonds and savings accounts as one place. Property doesn't have a bubble in the US like in Australia. And of course we are taking about worldwide investments and so without bonds or banks or property that only leaves stocks.
I note something on the news this week that said that 10% of withdrawn super funds have been spent on overseas gambling sites. Now overseas stock brokers and forex brokers would be classed as gambling.
I also didn't understand it at first but this is how I made sense of it. Ofcourse there is a bubble but for that bubble to pop there needs to be a new bubble that is a better investment right?
Gold XAU/USD opened ok, slight gap up which was filled, RSI on different timeframes follow:
Monthly: 72
Weekly: 59
Daily: 46
H4: 29
H1: 30
15 min: 44
Wow I didn't realize the monthly RSI was 72!
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