Analyst Warns of Potential Reversal in Safe-Haven Assets as Crypto Emerges as New Winner
Gold and silver have surged to parabolic levels amid geopolitical turmoil, with gold reaching $5000 and silver hitting $110. Analyst Dan Gambardello warns these safe-haven assets may soon face a pullback due to their overextended momentum. "Historically, every parabolic asset eventually corrects," he noted, suggesting the current rally may be unsustainable.
Gambardello identifies cryptocurrency as the next potential winner, calling it "completely suppressed" and poised for a breakout. The sector's historical resilience and growth potential position it as a likely successor to traditional SAFE havens. This shift could redefine market dynamics in the coming months.