ACB nominated. gold plummeting. dollar strengthening. U.S. Dollar Index (DXY) is doing well. rich people are exchanging their assets for US dollars in the bank rn. preparing for some uncertainty this fall.
PREDICTION
in the case of a trump win (duh) stocks and the DXY will do gangbusters soon after. but will happen gradually into Q2-3 next year sustained off the back of new stimulus. cryptos follow.
in the case of a biden win (eek) gold will rise like never before and the dollar will fall. cryptos might actually replace currencies (non-US) off the weakness of the $$ by Q4 next year or soon after.
- not advice. just some crazy stuff ive been noticing analyzing market sentiment. weird month.