To what extent have the movements in bitcoin been predictive of gold the same day from the open of bitcoin and gold coterminously as well a bitcoin on gold over subsequent days. I've given up on using standard interrelations that I've taught half of the list to predict bitcoin because there is so much drift in bitcoin…everything is bullish. I feel like the jerks at Salomon who asked red dawn what the spread was in Russia when he showed them the assets were undervalued by a factor of 100. A blast from the past is that Viola the former head of the NY Merc has sold his apartment, the most expensive in NY for 100 mill.





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3 Comments so far

  1. B on December 13, 2017 10:49 am

    When you have videos like this:

    What are the chances that the euphoria is a bit too high currently?

  2. Izzy on December 13, 2017 3:09 pm

    An interesting remark on Bloomberg Radio Wednesday morning (12/13/17) was given by Dennis Gartman. He asked what type of asset is Bitcoin, is it more like a currency or a physical such as gold?

    One would think if it were to be considered as a commodity type asset, then it should be readily fungible to traditional cash equivalents.

  3. Anonymous on December 14, 2017 5:56 pm

    That video was brilliant. I love his newly ‘mined’ persona reminiscent of a medieval prince … he is the bitcoin prince! Gilt candles in the background were the finishing touch! Annoyingly his prediction of 20k by Christmas was correct. He was just massively conservative in how fast it occurred. Another case of the wrong logic getting the right answer as so often happens in the markets.


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