Clem Chambers

The first real lesson I learnt about investing and trading is this: “The only thing you need to know about a market or asset is whether it’s going up or down.”

Earlier today, bitcoin dropped below $90,000 a coin. That’s down from a high of $126,000 – a 28% drop – which, in equities, would already qualify as a crash.

Right now, money has gotten tight. The Fed has been shrinking its balance sheet for ages, trying at least to make it look less titanic while also draining excess cash.

It’s almost a year since I bailed out of bitcoin at $100,000. Now, here we are again at $100,000. I missed the $20,000+ upside, but avoided a year of volatility.

“The trend is your friend,” so the saying goes – and for gold, that trend has been unmistakably up. But now the rally has reversed.

Gold has been on a remarkable run, staging a historic rally to a series of all-time highs. I’ve been receiving a lot of requests to predict what happens next.

Bitcoin has crashed – not the sort of typical bitcoin meltdown, but an old-school, equity-style crash of around 25%.

Here we are again, with markets going wild. In my view, the Nasdaq has entered a bubble. It’s still early, and it could run for quite some time.

I can see from my writings that silver has already captured the attention of a vanguard of investors. The magic number is, of course, $100 an ounce.

Bitcoin hasn’t really gone anywhere since I bailed at $100,000. Well, not in line with expectations of $250,000 or $1 million that the fanbase has been calling for.