The Business Cycle On Pause
Market update on bitcoin and gold, a look at a new era for PMI and the business cycle, and the return of neutral QE
Rogue Report #112 | November 12, 2025
Bitcoin and Gold
Bitcoin is approaching a death cross, where the 50-day MA crosses below the 200-day. When price is far away from where the cross occurs, price tends to move toward the cross. Also, during this 2-year rally, this cross has marked very closely to each bottom.