Let me get this straight: folks who promoted crypto as a decentralized safe haven are blaming FTX on the lack of government oversight.
Friday’s rally was explosive in paper gold and silver, but don’t get too excited because they’re not decisively out of the woods.
There’s a good chance they landed into a bottoming zone due to geopolitical and monetary policy actions that surfaced over the last week.
It's a global recession & liquidity crisis. Consumer perspective shaped by what’s going on in their own world despite politicos ignoring the chaos.