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Non-Tech : The Woodshed
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Recommended by:
Claude Cormier
To: Claude Cormier who wrote (60243)1/4/2021 12:17:00 PM
From: ItsAllCyclical1 Recommendation   of 60918
 
Over the next 2 years I agree. But we got to extreme levels ST and risk/reward favored gold prior to today. We're off the highs now ratio wise but still in extreme territory ST and BTC on the hourly looks very suspect. The window to get into BTC is still tiny so for institutions that missed out they are probably more likely to establish their first positions in BTC on any decent pullback vs adding to gold - so in that sense you're right.

I've said many times BTC to 100K is a layup and 200K+ is likely. There will be vol of course, but I think those levels get hit before the end of 2022.
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