Loading ...and the only financial TV is CNBS. So, watching the “Fast Money” guys which I haven’t watched in many years.
Couldn’t believe my ears. Tim Seymour said gold is in a new trend and looks poised to go higher. Another guy BK said something even more stunning. He said that since so many big funds own Bitcoin, they are treating it as a SM asset that is susceptible to economic and Fed moves. In other words, the damn thing is trading like a stock and will likely trade with the SM.
Being the simpleton I am, I was stunned by that news because I thought for sure it was an inflation hedge, at least that was what the pundits said. Seymour said nope, it’s a stock now. Glad they cleared that up.
BTW – does anyone own XME?