Is gold still a boomer rock next to Bitcoin? Not this year, says Bloomberg analyst

Von Krypto News Österreich

Laut dem Makrostrategen Mike McGlone von Bloomberg Intelligence könnte Gold endlich bereit sein, seinen Widerstand von 2000 $/oz zu durchbrechen und seinen Ruf unter den Krypto-Brüdern, ein „Boomer Rock“ zu sein, im Jahr 2023 erschüttern. Der Analyst glaubt, dass sich die Anleger angesichts der Verschlechterung des makroökonomischen Umfelds wieder auf Gold als sicheren Hafen zurückziehen – neben US-Staatsanleihen und Bitcoin. Golds Rückkehr zur Form In einem gemeinsamen Auszug aus McGlones Bloomberg Terminal-Bericht behauptete der Analyst, dass die globale Bankenkrise und das Phänomen der Deflation der Rohstoffe den seit 2001 erlebten Aufwärtstrend von Gold wiederbeleben könnten. „Die Baby-Boomer haben sich am …
According to the macro strategist Mike McGlone from Bloomberg Intelligence, gold could finally be ready to break his resistance of $ 2000/oz and shake his reputation among the crypto brothers to be a "boom rock" in 2023. The analyst believes that in view of the deterioration of the macroeconomic environment, the analyst believes that gold retire as a safe harbor-in addition to US state bonds and Bitcoin. Gold's return to the form in a joint extract from McGlones Bloomberg Terminal report claimed that the global banking crisis and the phenomenon of deflation of the raw materials could revive the upward trend of gold since 2001. "The baby boomers have on ... (Symbolbild/KNAT)

According to the macrost strategist Mike McGlone from Bloomberg Intelligence, gold could finally be ready to break his resistance of $ 2000/oz and his call among the crypto brothers to be a "boomer rock" in 2023.

The analyst believes that investors withdraw to gold as safe port in view of the deterioration of the macroeconomic environment-in addition to US state bonds and Bitcoin.

Gold's return to the form

In a joint extract from McGlones Bloomberg Terminal report, the analyst claimed that the global banking crisis and the phenomenon of the deflation of the raw materials could revive the upward trend of gold since 2001.

"The baby boomers have done well on the stock market, but find robust alternatives in US state bonds, gold and carefully in bitcoin", he continued LinkedIn both gold and Bitcoin flooded font-weight: 400 "> after the Federal Reserve promised to save the insert of the Silicon Valey Bank (SVB). The former recovered both on March 17 and March 24, from the resistance of $ 2000, a level that has been consolidated since 2020.

In the same period, Bitcoin from under $ 4000 in March 2020 rose to an all-time high of $ 69,000 in 2021, which resulted in

technically nobody fulfilled this role, since both assets fell at multi-year lows in view of the increasing inflation and the interest return. However, the banking crisis - which the economy has brought billions of dollars of new liquidity - could lead to the fact that both of them finally live up to their name.

"This is our basic scenario for the metal in view of what is emerging as a serious economic restart," wrote McGlone. "That of the Federal Reserve Interest increase by 25 BP on March 22, despite deflationary effects due to falling raw material and real estate prices and a banking storm, which is partly due to the quick pace of the interest rate increase A idea of ​​1929. “

loss of trust in banking

The analyst also noticed the record pace with which insoles flee from the banking system, whereby the liabilities of the US business banks have not dropped as quickly since 1971-as the United States gave up their gold standard.

In addition to the SVB, institutions such as the Signature Bank were faced with several billion dollars this month, while the stocks of others collapsed with record rates. credit suisse finally fell under such pressure weeks ago when banking panic crossed the Atlantic, and even worried to surrounding span> Style = "Font-Weight: 400">.

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