The article talks about how people are trading different things in the market. Some people are buying gold and some are selling oil. There was a big fight between Israel and Iran, which made the price of bitcoin go down for a while, but then it went back up again. The article says that we should not worry too much about what is happening and just keep looking forward. Read from source...
1. The author claims that bitcoin is not a hedge against risks, because it dropped in price on the news of the Israeli attack on Iran. However, this argument ignores the fact that bitcoin is highly volatile and subject to market fluctuations, regardless of geopolitical events. Bitcoin's value depends on many factors, such as supply and demand, adoption, regulation, innovation, etc., not just one event or news.
2. The author implies that the momo crowd is always wrong and smart money is always right, based on their trading actions in the early trade. However, this dichotomy is oversimplified and misleading, as both types of investors can be influenced by different factors, such as emotions, information, cognitive biases, etc., and may change their behavior over time or across different markets.
3. The author does not provide any evidence or reasoning for the ratings of gold and silver, other than mentioning popular ETFs. These are subjective opinions that may not reflect the actual performance or potential of these assets, and may be biased by the author's own preferences or incentives.
4. The author does not address any other relevant factors that may affect the price of oil, such as supply and demand, OPEC decisions, weather events, etc., other than saying that smart money is inactive in the early trade. This is an incomplete and narrow perspective that ignores the complexity and interdependence of the global oil market.