Is anybody else impressed by the stability of the price in the last month considering the state of the world? If the cycle is real (it's mostly followed it, what, 4 times now? Not exactly a substantial amount of data points... but it is a pattern nonetheless) then it's mildly interesting that it hasn't dropped further faster... yet. And considering the conflicts/wars and the state of the market and oil prices, and gold falling... yet through all this in the past month it has been steady around 70k plus or minus a bit. Maybe all this was "priced in" from before the last month, but if that were the case, amid the bear period of the "4 year cycle" AND the war, I'd have expected the "price in" to be more damaging.
Just some commute-thoughts I had... open for discussion.
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