The bitcoin and gold correlation connecting to credit risks surprises me. But if I’m thinking about it correctly, BTC is a risk off security while gold is the opposite?
The relative relationship is. Both can sell off during liquidation like 2020. Both can rally during risk on if real rates are falling.
Just think about building a matrix of the 4 possible relationships. Btc up/ gold up. Btc down/ gold down etc. then compare it to real rates and the Vix
The bitcoin and gold correlation connecting to credit risks surprises me. But if I’m thinking about it correctly, BTC is a risk off security while gold is the opposite?
The relative relationship is. Both can sell off during liquidation like 2020. Both can rally during risk on if real rates are falling.
Just think about building a matrix of the 4 possible relationships. Btc up/ gold up. Btc down/ gold down etc. then compare it to real rates and the Vix
Thank you very much! I’m going to work on a matrix and see what observations I can make
After you make the initial matrix, make another with GLD and GDX. Compare it to real rates and the Vix
"Valuations are a bit extended for SPX" this bottom up chart is pretty cool. do you know if any other platforms has similar?
I don’t