Gold, bitcoin soar past psychological milestones

As I predicted Friday morning Gold is north of $1,400 and bitcoin soared above $10,000 to $10,150 a rise of $600 today alone.

The bellwethers are telling that my story on the dollar losing its luster in the global currency game is spot on.

If nothing else these two alternative investments can be used as arbitrage against the dollar since both can be sold in a number of currencies. The return may not be as good as it being priced in dollars, however.

Look on Monday for a pullback from the psychological milestones if the Fed has the muster to pull it off. I’m not exactly sure they can do much without throwing the China ‘tariff’ talks into disarray.

See this post for the back story.