Advertisement
AD
    • Warning: Undefined array key 1 in Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard() (line 3183 of modules/custom/cryptocompare/src/TwigExtension/RemoveSpace.php). 
      Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('
                    Contents
                    <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h260">‘Similar sell off is coming to Gold’</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h397">‘Gold will find new bottom below 2015-bottom’</a></li></ul>
    Advertisement
    
        
    
    
        
                
            
                                            

        
        
                
            
                                            

        
    
As Bitcoin has lost over 40 percent of its value in the past two days with the major sell-off happening on March 12, old-schoolers and other gold (XAU) fans are hoping that their precious metal is going to stand through this market wipe-off.

Euro Pacific Capital CEO, <a href="https://u.today/bitcoin-btc-crashing-further-may-soon-lose-all-value-peter-schiff">Peter Schiff</a>, is one of them as he always bashes Bitcoin and advocates gold.

However, macroeconomist Henrik Zeberg warns that a similar sell-off that&nbsp;has made the Bitcoin price crash down to $3,900 on Thursday, is soon going to strike gold as well.

<blockquote class="twitter-tweet">
40% BTC rollercoaster <a rel="nofollow" target="_blank" href="https://t.co/LwHL7ijjSb">pic.twitter.com/LwHL7ijjSb</a>
— Gabor Gurbacs (@gaborgurbacs) <a rel="nofollow" target="_blank" href="https://twitter.com/gaborgurbacs/status/1238385951254220805?ref_src=twsrc%5Etfw">March 13, 2020</a></blockquote>


‘Similar sell off is coming to Gold’

Zeberg has taken to Twitter to share his take on the current market insanity when even the eternal safe-haven gold dropped 2.5 percent on Thursday versus Bitcoin losing 25 and over 40 by Friday.

He points out that gold bugs are celebrating their victory over Bitcoin holders. However, the economist says, a similar sell-off is imminent for gold as well. Cash is the king at the moment, he tweets, while noting that Bitcoin and gold are both going to crash during the deflation.

<blockquote class="twitter-tweet">
<a rel="nofollow" target="_blank" href="https://twitter.com/hashtag/Gold?src=hash&amp;ref_src=twsrc%5Etfw">#Gold</a> Bugs claiming victory over <a rel="nofollow" target="_blank" href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> fans?Similar sell off is coming to Gold. Cash is King - and the fight between Bitcoin and Gold is so misunderstood. They act the same - and will both get crushed during <a rel="nofollow" target="_blank" href="https://twitter.com/hashtag/Deflation?src=hash&amp;ref_src=twsrc%5Etfw">#Deflation</a>
— Henrik Zeberg (@HenrikZeberg) <a rel="nofollow" target="_blank" href="https://twitter.com/HenrikZeberg/status/1238325398057992192?ref_src=twsrc%5Etfw">March 13, 2020</a></blockquote>


<a rel="nofollow" target="_blank" href="#">card</a>

‘Gold will find new bottom below 2015-bottom’

While responding to the comments under his root tweet, <a rel="nofollow" target="_blank" href="https://twitter.com/HenrikZeberg/status/1238355045286064128">Zeberg continues</a> by saying that despite gold providing liquidity when it becomes scarce, it is still going to be sold off and drop below the bottom of 2015. Back then, an ounce of gold was worth around $1,050 per ounce. The price at the moment amounts to $1,579 per ounce.

<blockquote>
“It is insane! Gold is performing its finest task. To provide liquidity when it is scarce. Gold will be sold off - and there is no doubt about the EW-picture. Gold will plunge in 5 waves and find new bottom below 2015-bottom.”
</blockquote>

However, the economist adds that XAU will not find the bottom during the next few months.

<blockquote>
“Gold will not see bottom for few months to come. Deflation playing out - with major liquidity shortage."
</blockquote>
') (Line: 1145)
Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
__TwigTemplate_75845256f703f5319a38e035b4af7dd9->doDisplay(Array, Array) (Line: 394)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
Twig\Template->display(Array) (Line: 379)
Twig\Template->render(Array, Array) (Line: 40)
Twig\TemplateWrapper->render(Array) (Line: 53)
twig_render_template('themes/cryptod/templates/field--body.html.twig', Array) (Line: 372)
Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 436)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
Drupal\Core\Render\Renderer->render(Array) (Line: 474)
Drupal\Core\Template\TwigExtension->escapeFilter(Object, Array, 'html', NULL, 1) (Line: 1002)
__TwigTemplate_625426e732c5f7a66fde6d628d98a6b2->doDisplay(Array, Array) (Line: 394)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
Twig\Template->display(Array) (Line: 62)
__TwigTemplate_e934e56c1e459c359b150360c7169113->doDisplay(Array, Array) (Line: 394)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
Twig\Template->display(Array) (Line: 379)
Twig\Template->render(Array, Array) (Line: 40)
Twig\TemplateWrapper->render(Array) (Line: 53)
twig_render_template('themes/cryptod/templates/node.html.twig', Array) (Line: 372)
Drupal\Core\Theme\ThemeManager->render('node', Array) (Line: 436)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
Drupal\Core\Render\Renderer->render(Array, ) (Line: 238)
Drupal\Core\Render\MainContent\HtmlRenderer->Drupal\Core\Render\MainContent\{closure}() (Line: 583)
Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 239)
Drupal\Core\Render\MainContent\HtmlRenderer->prepare(Array, Object, Object) (Line: 128)
Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)
Drupal\Core\EventSubscriber\MainContentViewSubscriber->onViewRenderArray(Object, 'kernel.view', Object)
call_user_func(Array, Object, 'kernel.view', Object) (Line: 111)
Drupal\Component\EventDispatcher\ContainerAwareEventDispatcher->dispatch(Object, 'kernel.view') (Line: 187)
Symfony\Component\HttpKernel\HttpKernel->handleRaw(Object, 1) (Line: 76)
Symfony\Component\HttpKernel\HttpKernel->handle(Object, 1, 1) (Line: 58)
Drupal\Core\StackMiddleware\Session->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\KernelPreHandle->handle(Object, 1, 1) (Line: 191)
Drupal\page_cache\StackMiddleware\PageCache->fetch(Object, 1, 1) (Line: 128)
Drupal\page_cache\StackMiddleware\PageCache->lookup(Object, 1, 1) (Line: 82)
Drupal\page_cache\StackMiddleware\PageCache->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\ReverseProxyMiddleware->handle(Object, 1, 1) (Line: 51)
Drupal\Core\StackMiddleware\NegotiationMiddleware->handle(Object, 1, 1) (Line: 51)
Drupal\Core\StackMiddleware\StackedHttpKernel->handle(Object, 1, 1) (Line: 704)
Drupal\Core\DrupalKernel->handle(Object) (Line: 18)
    • Warning: Undefined array key 1 in Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard() (line 3186 of modules/custom/cryptocompare/src/TwigExtension/RemoveSpace.php). 
      Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('
                    Contents
                    <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h260">‘Similar sell off is coming to Gold’</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h397">‘Gold will find new bottom below 2015-bottom’</a></li></ul>
    Advertisement
    
        
    
    
        
                
            
                                            

        
        
                
            
                                            

        
    
As Bitcoin has lost over 40 percent of its value in the past two days with the major sell-off happening on March 12, old-schoolers and other gold (XAU) fans are hoping that their precious metal is going to stand through this market wipe-off.

Euro Pacific Capital CEO, <a href="https://u.today/bitcoin-btc-crashing-further-may-soon-lose-all-value-peter-schiff">Peter Schiff</a>, is one of them as he always bashes Bitcoin and advocates gold.

However, macroeconomist Henrik Zeberg warns that a similar sell-off that&nbsp;has made the Bitcoin price crash down to $3,900 on Thursday, is soon going to strike gold as well.

<blockquote class="twitter-tweet">
40% BTC rollercoaster <a rel="nofollow" target="_blank" href="https://t.co/LwHL7ijjSb">pic.twitter.com/LwHL7ijjSb</a>
— Gabor Gurbacs (@gaborgurbacs) <a rel="nofollow" target="_blank" href="https://twitter.com/gaborgurbacs/status/1238385951254220805?ref_src=twsrc%5Etfw">March 13, 2020</a></blockquote>


‘Similar sell off is coming to Gold’

Zeberg has taken to Twitter to share his take on the current market insanity when even the eternal safe-haven gold dropped 2.5 percent on Thursday versus Bitcoin losing 25 and over 40 by Friday.

He points out that gold bugs are celebrating their victory over Bitcoin holders. However, the economist says, a similar sell-off is imminent for gold as well. Cash is the king at the moment, he tweets, while noting that Bitcoin and gold are both going to crash during the deflation.

<blockquote class="twitter-tweet">
<a rel="nofollow" target="_blank" href="https://twitter.com/hashtag/Gold?src=hash&amp;ref_src=twsrc%5Etfw">#Gold</a> Bugs claiming victory over <a rel="nofollow" target="_blank" href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> fans?Similar sell off is coming to Gold. Cash is King - and the fight between Bitcoin and Gold is so misunderstood. They act the same - and will both get crushed during <a rel="nofollow" target="_blank" href="https://twitter.com/hashtag/Deflation?src=hash&amp;ref_src=twsrc%5Etfw">#Deflation</a>
— Henrik Zeberg (@HenrikZeberg) <a rel="nofollow" target="_blank" href="https://twitter.com/HenrikZeberg/status/1238325398057992192?ref_src=twsrc%5Etfw">March 13, 2020</a></blockquote>


<a rel="nofollow" target="_blank" href="#">card</a>

‘Gold will find new bottom below 2015-bottom’

While responding to the comments under his root tweet, <a rel="nofollow" target="_blank" href="https://twitter.com/HenrikZeberg/status/1238355045286064128">Zeberg continues</a> by saying that despite gold providing liquidity when it becomes scarce, it is still going to be sold off and drop below the bottom of 2015. Back then, an ounce of gold was worth around $1,050 per ounce. The price at the moment amounts to $1,579 per ounce.

<blockquote>
“It is insane! Gold is performing its finest task. To provide liquidity when it is scarce. Gold will be sold off - and there is no doubt about the EW-picture. Gold will plunge in 5 waves and find new bottom below 2015-bottom.”
</blockquote>

However, the economist adds that XAU will not find the bottom during the next few months.

<blockquote>
“Gold will not see bottom for few months to come. Deflation playing out - with major liquidity shortage."
</blockquote>
') (Line: 1145)
Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
__TwigTemplate_75845256f703f5319a38e035b4af7dd9->doDisplay(Array, Array) (Line: 394)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
Twig\Template->display(Array) (Line: 379)
Twig\Template->render(Array, Array) (Line: 40)
Twig\TemplateWrapper->render(Array) (Line: 53)
twig_render_template('themes/cryptod/templates/field--body.html.twig', Array) (Line: 372)
Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 436)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
Drupal\Core\Render\Renderer->render(Array) (Line: 474)
Drupal\Core\Template\TwigExtension->escapeFilter(Object, Array, 'html', NULL, 1) (Line: 1002)
__TwigTemplate_625426e732c5f7a66fde6d628d98a6b2->doDisplay(Array, Array) (Line: 394)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
Twig\Template->display(Array) (Line: 62)
__TwigTemplate_e934e56c1e459c359b150360c7169113->doDisplay(Array, Array) (Line: 394)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
Twig\Template->display(Array) (Line: 379)
Twig\Template->render(Array, Array) (Line: 40)
Twig\TemplateWrapper->render(Array) (Line: 53)
twig_render_template('themes/cryptod/templates/node.html.twig', Array) (Line: 372)
Drupal\Core\Theme\ThemeManager->render('node', Array) (Line: 436)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
Drupal\Core\Render\Renderer->render(Array, ) (Line: 238)
Drupal\Core\Render\MainContent\HtmlRenderer->Drupal\Core\Render\MainContent\{closure}() (Line: 583)
Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 239)
Drupal\Core\Render\MainContent\HtmlRenderer->prepare(Array, Object, Object) (Line: 128)
Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)
Drupal\Core\EventSubscriber\MainContentViewSubscriber->onViewRenderArray(Object, 'kernel.view', Object)
call_user_func(Array, Object, 'kernel.view', Object) (Line: 111)
Drupal\Component\EventDispatcher\ContainerAwareEventDispatcher->dispatch(Object, 'kernel.view') (Line: 187)
Symfony\Component\HttpKernel\HttpKernel->handleRaw(Object, 1) (Line: 76)
Symfony\Component\HttpKernel\HttpKernel->handle(Object, 1, 1) (Line: 58)
Drupal\Core\StackMiddleware\Session->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\KernelPreHandle->handle(Object, 1, 1) (Line: 191)
Drupal\page_cache\StackMiddleware\PageCache->fetch(Object, 1, 1) (Line: 128)
Drupal\page_cache\StackMiddleware\PageCache->lookup(Object, 1, 1) (Line: 82)
Drupal\page_cache\StackMiddleware\PageCache->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\ReverseProxyMiddleware->handle(Object, 1, 1) (Line: 51)
Drupal\Core\StackMiddleware\NegotiationMiddleware->handle(Object, 1, 1) (Line: 51)
Drupal\Core\StackMiddleware\StackedHttpKernel->handle(Object, 1, 1) (Line: 704)
Drupal\Core\DrupalKernel->handle(Object) (Line: 18)
    Original article based on tweet

    Bitcoin (BTC) Fate to Hit Gold (XAU) Soon – Sell-Off Coming: Macro Economist

    Advertisement
    article image
    Yuri Molchan
    Macro economist Henrik Zeberg states that as many major assets are falling, with Bitcoin among them, the same fate is going to hit gold as well – a sell-off is coming
    Fri, 13/03/2020 - 9:44
    Bitcoin (BTC) Fate to Hit Gold (XAU) Soon – Sell-Off Coming: Macro Economist
    Cover image via www.youtube.com
    Read U.TODAY on
    Google News
    Contents
    Advertisement

    As Bitcoin has lost over 40 percent of its value in the past two days with the major sell-off happening on March 12, old-schoolers and other gold (XAU) fans are hoping that their precious metal is going to stand through this market wipe-off.

    Euro Pacific Capital CEO, Peter Schiff, is one of them as he always bashes Bitcoin and advocates gold.

    However, macroeconomist Henrik Zeberg warns that a similar sell-off that has made the Bitcoin price crash down to $3,900 on Thursday, is soon going to strike gold as well.

    ‘Similar sell off is coming to Gold’

    Zeberg has taken to Twitter to share his take on the current market insanity when even the eternal safe-haven gold dropped 2.5 percent on Thursday versus Bitcoin losing 25 and over 40 by Friday.

    He points out that gold bugs are celebrating their victory over Bitcoin holders. However, the economist says, a similar sell-off is imminent for gold as well. Cash is the king at the moment, he tweets, while noting that Bitcoin and gold are both going to crash during the deflation.

    card

    ‘Gold will find new bottom below 2015-bottom’

    While responding to the comments under his root tweet, Zeberg continues by saying that despite gold providing liquidity when it becomes scarce, it is still going to be sold off and drop below the bottom of 2015. Back then, an ounce of gold was worth around $1,050 per ounce. The price at the moment amounts to $1,579 per ounce.

    “It is insane! Gold is performing its finest task. To provide liquidity when it is scarce. Gold will be sold off - and there is no doubt about the EW-picture. Gold will plunge in 5 waves and find new bottom below 2015-bottom.”

    However, the economist adds that XAU will not find the bottom during the next few months.

    “Gold will not see bottom for few months to come. Deflation playing out - with major liquidity shortage."

    #Bitcoin News #Bitcoin Price Prediction #Gold Price
    About the author
    article image
    Yuri Molchan
    Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.
    related image Ripple Files Opposition to SEC’s Motion for Remedies
    2024/04/23 08:42
    Ripple Files Opposition to SEC’s Motion for Remedies
    Alex DovbnyaAlex Dovbnya
    related image Ethereum (ETH) Climbs Back Above $3,000, Massive $70,000 Bitcoin (BTC) Battle Ahead, Cardano (ADA) About to Face Its Biggest Test
    2024/04/23 08:42
    Ethereum (ETH) Climbs Back Above $3,000, Massive $70,000 Bitcoin (BTC) Battle Ahead, Cardano (ADA) About to Face Its Biggest Test
    Arman ShirinyanArman Shirinyan
    related image Anti-Crypto SEC Lawyers Step Down After Rebuke from Federal Judge
    2024/04/23 08:42
    Anti-Crypto SEC Lawyers Step Down After Rebuke from Federal Judge
    Alex DovbnyaAlex Dovbnya
    Advertisement
    TopCryptoNewsinYourMailbox
    TopCryptoNewsinYourMailbox
    Advertisement
    Price Index
    Bitcoin
    Ethereum
    XRP
    Cardano
    Dogecoin
    Shiba Inu
    Tron
    Polygon
    Litecoin
    Solana

    Latest Press Releases

    WEEX Exchange Unveils WXT Token to Enhance Ecosystem and Reward Community Engagement
    De.Fi Presented its Accelerator & Announced the First Raise on April 29th
    MARE BALTICUM Gaming & TECH Summit Announces Final Agenda for 2024 Event
    Submit Press Release
    Our social media
    There's a lot to see there, too

    Popular articles

    Ripple Files Opposition to SEC’s Motion for Remedies
    Ethereum (ETH) Climbs Back Above $3,000, Massive $70,000 Bitcoin (BTC) Battle Ahead, Cardano (ADA) About to Face Its Biggest Test
    Anti-Crypto SEC Lawyers Step Down After Rebuke from Federal Judge
    Show all
    Advertisement
    AD