When gold breaks out of
its current trading range, we believe gold stocks will perform disproportionately well.
This initial target, still only thirteen times earnings for the next twelve months, is possible if we break out of
the current trading range.
One possible scenario is that we narrow
our current trading range over the next few days, forming a wedge or pennant that eventually resolves sharply one way or the other.
Its share price chart suggests a potentially significant move higher if
the current trading range is broken.
If the nation's monetary policies cause the USD / CNH exchange rate to fall below 7.00, the bitcoin price will break out of
its current trading range, BitMEX co-founder and CEO Arthur Hayes told CoinDesk.