I wish Andy would be more consistent with his revaluation narrative. He is now saying that $3000 will be the staging post for a physically driven rally. This is not what he has previously been saying, for many years, when talking about an overnight or over-weekend CB revaluation triggered at $2500, and then moving it to $3000. He will have doubtless been under pressure from TAs to drop his revaluation narrative, because an overnight revaluation narrative is bad for their subscription businesses, and I note that Kinesis has negotiated marketing deals with several TAs, so I am certain this is the correct explanation. I myself will be sticking with Andy's previous 'conviction', because I think he still secretly has it, despite the (artificial) commercial pressure to change it.
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