Peter Schiff says Bitcoin's 'sucker's rally' is overshadowing the strength of gold Bitcoin Gold PeterSchiff
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“The Bitcoin rally is providing cover for the gold rally to continue unnoticed,” Schiff tweeted on Wednesday. “As the financial media is distracted by the sucker's rally taking place in fool's gold, its paying no attention to the real rally going on in actual gold. So gold's rally still has a long way to go.”
#Gold is now trading above $1,934, its highest price since April of 2022. Gold stocks however still haven't even taken out last week's high. In fact, gold stocks need to rise 30% from here just to get back to where they were trading in April of 2022. This sale may not last long. According to Wyckoff, “yellow metal bulls are at least quietly starting to discuss a new record high,” which currently stands at $2,078.80 per ounce.
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