Pull up a chart of gold today… And then pull up a chart of Bitcoin…
Isn’t that odd?
If you’ve been showing up to the “Opening Playbook” sessions, you probably have a good idea why this is happening. But in case you missed it, here’s the short version…
Bitcoin has been diverging from gold in a way that’s not typical — especially in this kind of environment.
Normally, when gold rallies on fear, Bitcoin follows… or at least holds steady. But lately, when gold has pushed higher, Bitcoin has stalled. And when gold pulls back, Bitcoin rallies.
What’s going on?
Well, part of it comes down to market structure. Institutional buying in gold has been relentless — sovereign wealth funds, BRICS-aligned countries, central banks.
There’s real-world accumulation happening in gold right now.
Meanwhile, Bitcoin — despite the ETF flows — is still more of a risk-on vehicle. When we’ve seen some cracks in high-flyers and speculative names, we’ve seen the same in Crypto. But when the high-flyers come back, so does Bitcoin.
It doesn’t mean anything’s broken. In fact, this kind of divergence may be temporary. But it does tell us something about current sentiment — and it’s a good reminder not to treat BTC and gold as interchangeable “anti-dollar” assets.
They each play a different role, and recent price action makes that clear.
We’ll keep tracking this in IBIT and looking for signs of rotation — because when this divergence ends, there could be opportunity on the other side.
Apex Indicator: AMD
We’ve actually had another bullish week, as hard as that may be to believe
And we might be getting a signal soon on a tech superstar.
First, here’s our model portfolio for these free signals I share each week:
That 100% win rate won’t last forever, of course, but it’s great to see early success! There are no guarantees in trading, so trade at your own risk. But we’ll keep these signals coming because I want to show off the power of my Apex Indicator.
Advanced Micro Devices (AMD). Here’s the chart:
It’s been down for a while as big tech has sold off, but it’s rising hard off a possible bottom put in in early April. If AMD’s earnings call is a good one and the market stays positive, it could be a buy soon – as early as next week. Our target will probably be up around the $115 level (once the APEX indicator calculates it).
We enter these trades using wrap orders, and for more training on how to place wraps… go here!
That’s all for today. I hope everyone has a great weekend — join me and Nate at 10 a.m. ET weekdays for “Opening Playbook”!
Graham Lindman
Graham Lindman Trading
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*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
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