Bitcoin plunging, so here's the updated table.
Over the past 8 months, BTC (USD) gained a whopping 169%, what goes up considerably must surely come down.
Also note couple of things
1. AUD Gold has been retracing quite a bit since the vaccine narrative in end Oct
2. Progressively higher Gold/GDX ratio suggests that gold miners are pulling back at a faster pace than Gold, and that is normal to be expected because GDX almost always outperform Gold during the upside rally.
3, The Gold pullback over the past 3 days has been larger than that over the past month from 30 Oct to 23 Nov
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 0 23 March 24 September 30 October 23 November 26 November 1 GOLD (USD) $ 1,655 $ 1,877 $ 1,880 $ 1,863 $ 1,812 2 GOLD (AUD) $ 2,639 $ 2,650 $ 2,673 $ 2,545 $ 2,463 3 BITCOIN (BTC) (USD) $ 6,234 $ 10,739 $ 13,560 $ 18,628 $ 16,795 4 BITCOIN (BTC) (AUD) $ 10,205 $ 15,221 $ 19,365 $ 25,483 $ 22,709 5 GDX $ 24.37 $ 38.69 $ 37.49 $ 35.89 $ 34.02 6 BTC/GOLD (USD) 3.77 5.72 7.21 10.00 9.27 7 BTC/GOLD (AUD) 3.87 5.74 7.24 10.01 9.22 8 GOLD/GDX 67.91 48.51 50.15 51.91 53.25 9 23/3 to 24/9 24/9 to 30/10 30/10 to 20/11 23/11 to 26/11 23/3 to 26/11 10 GOLD (USD) 13.4% 0.2% -0.9% -2.8% 9.5% 11 GOLD (AUD) 0.4% 0.9% -4.8% -3.2% -6.7% 12 BITCOIN (BTC) (USD) 72.3% 26.3% 37.4% -9.8% 169.4% 13 BITCOIN (BTC) (AUD) 49.2% 27.2% 31.6% -10.9% 122.5% 14 GOLD/GDX -28.6% 3.4% 3.5% 2.6% -21.6%
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Bitcoin plunging, so here's the updated table. Over the past 8...
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