By Bill Taylor, CEO / Digital Wealth News and AI & Finance
DISCLAIMER: The opinions expressed below are solely those of Bill Taylor & do not represent those of DWN or any affiliates. Any financial advice included here is for entertainment purposes only.
BULLISH – BITCOIN, ETH
NEUTRAL – GOLD, S&P 500, SILVER
BEARISH –
5/12/26 Closing Prices:
BTC: $80,739,92 -1% (Tue-Tue)
ETH: $2,282.26 -4.1% (Tue-Tue)
Gold: $4,650 +3.5% (Tue-Tue)
S&P 500: 7,400.96 +1.9% (Tue-Tue)
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Well, well, well. Here we are again, staring at the same headlines we saw last week. And the week before. Rinse, repeat, pretend something’s new. Markets jump on “cease‑fire” rumors, “Strait of Hormuz open” headlines, and Iran “ready for talks.” Then someone checks the fine print and realizes everyone’s still shooting, the Strait isn’t open, and Iran wants a slice of the SpaceX IPO while they’re at it.
Point is: markets are more volatile, less liquid, and a whole lot more chaotic. Add in the zero‑credibility reporting on the Iran war and trading becomes what it’s always secretly been — gambling. Nothing wrong with that, but the house (clearing firms) always wins.
Economic news? Please. Inflation will magically vanish when the war ends, consumer debt doesn’t matter, housing affordability is a myth, and the official strategy is simple: keep buying stocks. Especially AI stocks. They only go up.
So here’s where I land: be neutral, be out, or be hedged. Chaos is just stretching its legs.
I may sound like a broken record, but I’m sitting this dance out. Still neutral on GOLD and silver, same with the S&P 500. I’m perplexed, unimpressed, and choosing “out.” If you insist on playing, hedge.
BITCOIN, though — that’s getting interesting. It just quietly grinds higher. No headlines, no hype, no stampede… yet. Stealth buyers, shrinking supply, and once it clears $85K the FOMO herd will wake up. I’m sticking with call‑spread positions on the IBIT ETF out to August/September. Slow, dull, manageable.
Summer is usually quiet, but this year looks like a nonstop news sprinkler.
Hedge. Always hedge.
See you next week.
S&P 500…..Neutral
GOLD…..Neutral
BITCOIN…..Bullish
ETH…..Bullish
2026 TARGETS:
- BITCOIN 2026………..
- ETH 2026………………
- GOLD 2026……………..
- S&P 500 2026………….
Current trading positions:
- BITCOIN…….Slightly Long
- ETH….NONE
- GOLD….NONE
- S&P 500….None
We compare the price of Bitcoin, Ethereum, Gold & the S&P 500. We use the CME Bitcoin Indexes (BRR & BRTI) and the CME Ethereum Indexes (ETH_RR_USD) & (ETH_RTI_USD) for reference as well as the London Bullion Market afternoon price settlement on the digital assets & gold.
Bill Taylor is CEO of Digital Wealth News. He is widely published & quoted in financial media and an international expert on markets and BTC, ETH, Gold & SP500.
His opinions are solely his own and for informative purposes only.
