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Tuesday, April 29, 2025

Market Update: Bitcoin, $GDX Gold, Earning, Jobs report Friday

 Picking up from where I left off:

Saturday Market Update: Bitcoin, $GDX Gold miners, $VIX, Tesla, and other Bear Traps

We're back to markets that hardly move for days on end, and it's not even Summer yet. 

I'm just going to assume massive short positions are being put on ahead of the next Trump dump. 

Gold broke out a little but we haven't seen a sector rotation out of crypto, yet...  

April (Gold) Contracts expired 4/28/25, yesterday, and that may have been the only thing holding prices up. I just don't want anyone left holding the bag in Gold, on my call for a relief rally.

If Apple and Amazon earnings don't disappoint, then perhaps we get a way stronger than expected Employment number on Friday. 

Take Care, AA


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