Very nice week for the precious metals. It looks like the momentum has swung our way as it is now a risk off market and real assets begin a strong growth phase.
i notice a strong correlation in cryptos and equities and they now are in lockstep. This is much different from the original intent of cryptos. I think equities and cryptos act as a sink for excess capital and react by contracting in price as easy money slows down. This is opposite to the price action for the metals.
fundamentals will always deal from a position of strength and assert that strength in times of financial turmoil (there is no shortage of turmoil at the moment. )
