Gold, place your bets!

[dcarrigg]

Re: Gold, place your bets!

here's another amazing correlation

Bitcoin remains fairly valued according to my avocado-based pricing model, even after rising past $11,000.






1:53 AM - 25 Jun 2019

Congratulations. I hate this.

[Mega]

Re: Gold, place your bets!

Gold getting KILLED !!!!!!

Mike

[jk]

Re: Gold, place your bets!

Congratulations. I hate this.

unfortunately i can't take credit for discovering or graphing the correlation between bitcoin and avocados. i just stumbled across it. but i found it amusing, and a reminder to be careful about correlations. and since many people seem to take bitcoin seriously, i think next we should start trading guacamole futures.

[thriftyandboringinohio]

Re: Gold, place your bets!

Here's a whole website dedicated to spurious correlations, the charts are hilarious

https://www.tylervigen.com/spurious-correlations

It seem that annual U.S crude oil imports from Norway correlates very tightly with drivers killed in collisions with trains each year.

[Mega]

Re: Gold, place your bets!

The question is can Gold stay over $1400?????

[touchring]

Re: Gold, place your bets!

The question is can Gold stay over $1400?????

I just checked gold in gbp, it's already at record high.

[Chomsky]

Re: Gold, place your bets!

Not exactly

https://www.goldbroker.com/charts/gold-price/gbp

[Southernguy]

Re: Gold, place your bets!

At first sight I can't find any explanation for a correlation between avocados and bitcoin. Probably a spurios correlation.
The one between gold and negative yielding bonds, however, seems quite reasonable. I read something from GS (iirw) establishing a relationship between gold, oil and interest rates. They drew a table with probable gold prices corresponding to the other two variables. The background was: War-peace in Strait of Hormus, the FED and gold prices. Should not be difficult to find. Think was ZH.

here's another amazing correlation

Bitcoin remains fairly valued according to my avocado-based pricing model, even after rising past $11,000.






1:53 AM - 25 Jun 2019

[touchring]

Re: Gold, place your bets!

Not exactly

https://www.goldbroker.com/charts/gold-price/gbp

Perhaps I should say almost at record high.

[jk]

Re: Gold, place your bets!

your comments made me wonder if gold was at a high relative to oil.

so here's a chart:

https://stockcharts.com/freecharts/perf.php?$wtic,$gold

if you click on the rectangular box labelled "gold" on the upper left, it flattens the gold line and shows the price of oil RELATIVE to gold. then drag the time bar at the bottom of the chart to show 10 years of history. notably gold's peak in late '11-early '12 is nowhere to be seen in terms of its oil value. the pattern of oil itself in dollars looks pretty much the same as the pattern of oil in gold. but the long line of descending tops in gold from the 2011 high is steeper in gold than in dollars. the dollar gagfo? not quite.

[Mega]

Re: Gold, place your bets!

Its getting KILLED...........down 1.1% already!
Bugger

[Southernguy]

Re: Gold, place your bets!

Simple: Trump-Xi still not outright commercial war, then economy not as bad then CB's not so negative bond yields, gold down.

[Mega]

Re: Gold, place your bets!

Under $1400.............we see wot happens now



Mike