was good to see gold decoupling from the market last night (bounce highlighted in yellow), large sell offs again in US as more IR hikes are priced in and this supposed recession that will be induced from these hikes.
The other "safe haven" was supposed to be Bitcoin which is currently imploding, so whilst we are still staying fairly flat, the chart is still looking nice and is out performing well when compared to most other asset classes.
Fossil fuels are the only out performers although it is a bit irrelevant to analyse them much at the moment as that is primarily driven by the war.
This is a guess only but i am thinking we will be sitting between 15c - 30c by years end, which is a MC of between $50m - $100m..heres hoping
was good to see gold decoupling from the market last night...
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