#TOTAL / $FXI struggling at 2021 highs
Crypto topping out vs china wouldnt be on anyones bingo card
@NorthstarCharts @badcharts1 @JesseOlson @ozzy_livin
#TOTAL might just be a big bear flag vs $INDA
Yes crypto could have bottomed vs India and go way higher but its good to see the other side too.
Big range for now
@ozzy_livin @JesseOlson @NorthstarCharts @badcharts1
Up only #GOLD people
Gold has had two runs of 22x+ (yes we just had one of them!)
Sure gold could reprice over the weekend to 10k, 15k but it also could go sideways for 5, 14,27 or 40 years too..
All possible outcomes.
@MiltonBergEdge @Crowded_Mkt_Rpt @NorthstarCharts @badcharts1 @LukeGromen @LynAldenContact
$FXI has been in a 20 year bear market
Imagine if some of your favorite etfs were in a big range for 20 years..
$VT / $FXI
Double top?
@LukeGromen @DariusDale42 @jam_croissant @ozzy_livin @JesseOlson
Would make sense if china is further ahead in AI then people think
Roth Compounder retweeted
I’m calling BS on “they” are going to revalue gold to make the debt go away or make the US balance sheet more favorable
If “they” can just click a button and revalue anything why does it have to be gold ? Why not just mark up US land or mineral rights or energy reserves ?
Can’t they just re value any asset they want to to make the balance sheet better ?
May as well make a “revaluation crypto coin” so they aren’t “picking winners”
I don’t think gold should be revalued and that should be decided by the market
All I think this is , is a narrative by people over weight gold
What about the rest of the world outside of the US holding gold ? Do people in China and India get the US price now ? Does the world just sell to the US at the US marked up price ?
The more I think about it , it’s seems kinda a weird choice and there are so many holes .. let’s just mark up the price of this rock and we all good 👍🏼
Could happen but also very well could be just another narrative
@Crowded_Mkt_Rpt
$FXI found support at all time avwap and avwap from lows
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