Does that mean gold needs to go up?

Wait I might have the map upside down 😂

Ahah I see oil stabilising in the 85/95 range and gold chopping down in the next months. This would also confirm the inversion in the btc/gold chart that looks oversold and bottoming right now. Imagine 130k btc by Christmas, so many model broken, people looking -70% in bitcoin and 4yrs cycle guys, 58k gang, perma bear, all in despair. Would be interesting to see..

Hahaha we are on a similar page with the exception of oil. I am having a hard time imagining it staying stable with all this chaos going on. If the shipping lanes reopen and stay open I'd agree completely. It's hard to tell what will happen in the next hour let alone the next week at this point, but I suppose since half the world wants that lane open it will open.

You are right, I could explain myself better as like you I still see very likely chaos still ongoing in the middle east for next 2 weeks at least and so oil volatility could raise again very fast and sharply. When/if stabolise I do see it in that range, as I believe the time woth Oil under 70$ are gone, and will stay higher now on, or for crisis or for demand or just because decreasing power of Dollar against it (imagining a future where Oil is traded not only and mostly in dollars).

Makes sense. I suppose it depends how bad things get in the middle east (how many refineries and desalination plants get knocked out)