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Bitcoin gold correlation and cointegration

AMEX:GLD   SPDR GOLD TRUST GOLD SHARES NPV
The relationship bitcoin-gold is not exactly inverse, however, and there are times when both gold and the price of bitcoin rise or fall simultaneously. This charts summarizes the historic bitcoin correlation against gold price. In a nut shell it provides an logarithmic bitcoin price perspective to a gold static correlation value. Read more http://www.bitcoinprice.mobi/2014/10/gol...
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