Cryptocurrency is on fire once again with Bitcoin going vertical this evening, trading right through 11,000. I forget how fast these coins can move, which gets me excited for the true Euphoria phase. I still think we have years until that happens, and I do think a nasty correction is not too far in the distant future. But, for now it’s ALT season.
This move in Gold however, I think sticks, and sticks hard. I think Gold will trade in its own bull market for years to come. This is a pretty significant breakout in the shiny metal and with more stimulus on the way one can’t help but to think inflation. Look to buy meaningful dips in gold.
As for stocks, the momentum screen is loaded with great looking charts. Everything is looking bullish again, even $AAPL, after the drubbing it caught late last week, looks ready to go. Here’s a look at today’s momentum scan: CLICK HERE FOR CHARTSIf you enjoy the content at iBankCoin, please follow us on Twitter