Ok, we admit it with respect to last week’s piece “Gold’s Near-Term Brush with the 1600s”: we were a bit dubious about the 1600s potentially getting teased. To be sure as a broad-term 2Gold bull, penning negatively about price hardly is pleasant. But we’re guided by what the numbers are and as to what then generally occurs when said numbers are what they are.
Both bitcoin and stocks had been showing signs of weakness since the beginning of the week.
The dueling commodities inhabit different ends of the investor spectrum and can coexist in a portfolio, the analysts said.