Gold, Fear and Greed Index at Extreme Greed Level

A Big Increase in Gold

Gold prices have risen above $5,500 per ounce, creating a busy trading atmosphere in the markets. This increase has added approximately $1.6 trillion in value in just one day.

Fear and Greed Index Extremely Positive

JM Bullion's published Gold Fear and Greed Index signals an expectation of excessive rises in precious metals. This situation occurs despite similar cryptocurrency indicators remaining trapped in the fear zone.

Bitcoin, despite the narrative of "hard assets," is lagging behind. Trading like a high beta risk asset, Bitcoin is being preferred by investors seeking stores of value over physical gold and silver.