Quinn - appreciate the specificity and clarity of your pov. Curious, what do see as the advantage(s) of the miners (GDX) over physical gold (e.g., PHYS)? Thanks.
Great stuff as always Quinn. Love the podcast with Felix and Tyler. How do you feel about Bitcoin's bounce here? Seems this note from you is very dovish. EVERYONE is looking for new lows from Bitcoin in the coming months. Do you think the pain trade is further higher than people think on this bounce?
My new favourite Substack - thanks Quinn.
Quinn - appreciate the specificity and clarity of your pov. Curious, what do see as the advantage(s) of the miners (GDX) over physical gold (e.g., PHYS)? Thanks.
Same question on the metals tickers. You've got a mix of miners and physical if I recall. If oil spikes isn't that bad for all miners?
Great stuff as always Quinn. Love the podcast with Felix and Tyler. How do you feel about Bitcoin's bounce here? Seems this note from you is very dovish. EVERYONE is looking for new lows from Bitcoin in the coming months. Do you think the pain trade is further higher than people think on this bounce?
"How do you feel about Bitcoin's bounce here?"
--> Don't feel much about it. Many other markets that are treating capital much better than crypto so don't feel a need to be too focused on it.
"Do you think the pain trade is further higher than people think on this bounce?"
--> No. BTC is in a bear market and bear market bounces are to be sold.