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Lanmar
Nov 3, 2015 7:32 PM

BTC and Gold Correlated??? Maybe Inversely!  

Gold/U.S. DollarFXCM

Description

I've heard a few people saying these two markets (bitcoin and gold) are positively correlated. Without doing any sophisticated statistical analysis creating a regression and covariance of historical price, let's keep things simple. DOES THIS CHART INDICATE PRICE IS POSITIVELY CORRELATED?? Not even close.
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