* See UPDATE below...
The following graphs show which segments of the markets have been the most favoured year-to-date.
With Gold flat for the year, it makes me wonder about the timing of President Macron's remarks today, and whether he has a particular buyer waiting in the wings ready to snap Gold up at 'bargain' prices. 🤔
It's currently sitting just above a minor support level of 1900, with major support lower at 1800, as shown on the monthly chart below.
Any buying spree may not happen until Gold dropped to1800, but we'll see if there's any pick up in interest anywhere in between minor and major support any time soon.
Perhaps we'll see some large holder of Bitcoin suddenly dump his/her shares, resulting in a plunge to 20,000 (see my post of May 20 for details), in order to fund a large purchase of Gold.
However, this is just wild speculation on my part, but worth watching both of these, nonetheless.