SPDR S&P 500 (SPY)

[Wishthiswasmyjob]

You can focus on Bitcoin...
That's fine, but I am old fashioned, and
I'm keeping an eye on the items which have been a store of value for thousands of years...
Gold and Silver.

On the same site of investing.com we can see
Silver just had a solid session, up over 1%
Even with the SPX futures down and the dollar slightly up.

A nice, bottoming, bounce back for Silver... On the hourly candles.
A good trader thinks about what's going to occur in the future.
The market tries to anticipate the perceived future 6 months out...

We have more and more bad economic signs.
We have the Fed already delaying QT, which eventually will put solid pressure back onto the banks and how stable their balance sheets are.
We have signs the rest of the world has been hoarding the precious metals.
We have Putin wanting payment in rubles for oil and gas,
We have Putin wanting to go back to having the ruble on the gold standard.
We have Europe with no solid plans on their supply needs when the weather starts cooling off and winter comes.

We don't have solid relations with China...
We have questions about debt default everywhere.
At some point, very soon, those that control the world and the fiat system, could really start to lose complete control of it all...

It would be soo easy here for China or Russia to make a chess move which would fracture the petrodollar system and launch the precious metals.

Not a bad idea to also watch that area...
If the sh!t hits the fan, and there's many ways it can... And most likely will, the precious metals may be one of the best buys, here and now.