Afternoon everyone…..
Well while I’m trying to stay optimistic about the crypto and precious metals market. There’s not a whole lot to be optimistic about….
I truly believed that we would be starting a nice crypto bull run by now. It doesn’t seem like it’s going to happen. Every time Bitcoin starts gaining ground it gets crushed back down to the 42k - 43k mark.
Which in turn smashes the entire alt coin scene as well. Before someone comments, I’m well aware that there are a handful of tokens still on the rise, but the percentage is extremely low.
I hope we have one more bull run before a hibernation, which might last the better part of two years. Atleast that seems to be the trend so far.
Metals on the other hand have been on a down trend since last August. Sure we’ve had a few spikes but if you look up the numbers, it’s all downhill. Silver hit just a tick under $30 an ounce, and gold hit a high of just over $2,000 an ounce.
We are no where near these numbers currently.
Is the sun going to shine on metals again? I mean really, the dollar has lost double digit buying power. Yet metals are taking the hit.