EVN 1.99% $3.94 evolution mining limited

I've been seeing some charts that might suggest the risk on...

  1. 258 Posts.
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    I've been seeing some charts that might suggest the risk on stock play have been moved to crypto.
    This might be explained by money flow. Money moving out of more risky crypto and into indices and gold.
    I post this daily Bitcoin chart (made by my robot) purely to show the prices to watch for potential future cycles and to consider where the money flow might be coming from.
    In past times, we would expect money to flow between indices to Gold and bonds. The crypto class may be a new fourth class of assets. If it goes down as my chart predicts, indices may not have the normal risk profile that we have associated with them in the past. I have very high targets on ASX200 that are similar to my gold stocks. It has been confusing me for a while but crypto being the new risk on asset class might explain it.
    I'm not looking to have a conversation about crypto but just wanting to suggest how a downtrend in crypto might flow into gold

    I also note that May closed in a bullish way for EVN and Gold.
    https://hotcopper.com.au/data/attachments/3223/3223560-98e5aeaf68b1f44aa27bd42ad0918de1.jpg
 
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