They are coming not just from the precious metals market itself, but from other markets as well. That’s bitcoin: {chart} Barely hanging above $100k (currently below it; shorting it above $104k was most likely an excellent idea), but already below the previous highs and the lower of the rising support lines. This is a severe technical damage, and I don’t think the bulls will be able to save the cryptocurrency market this time. This week’s performance tells us why. What did the anti-USD asset – bitcoin – do in the last few days? It declined and even though it rebounded slightly it’s now back down to $100k. This ... (full story)