Having said that, the next couple of years or so might just be one of these periods. But it needs to break out to a new ATH first. We shall see.
Stock markets tanking. Crypto tanking. Gold & silver going up. If nothing else, they are still perceived as a safe haven when the sh*t hits the fan.
Gold soared then fell right back down. Bitcoin did the complete opposite; plunged then went straight back up. Wacky markets.
I bailed out today at ASX open on the majority of my gold holdings, thank gawd I'm mostly away from that shit fest, so I got the best prices for the week and gold market immediately tanked. Under normal circumstances gold would have robbed me blind in a large drawdown, sucking money away from my non gold winners, this bs goes on day after day. I feel sorry for crypto hodlers atm, they are gonna have to learn a painful lesson that gold and crypto are similar in nature, they look nice but its an illusion.