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 I note something on the news this week that said that 10% of withdrawn super funds have been spent on overseas gambling sites.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
