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Connection: When Gold Rises, Will Bitcoin Fall?

From sunshineprofits.com

What do the portents say? Well, we’ve been looking for connections between gold and bitcoin, and we see a chance to fatten the coffers. Read on. But first, let’s talk about gold and the miners. Yesterday’s session provided us with a perfect confirmation of the bearish case in the precious metals sector for the short term. The reason is that what happened was bearish in two ways: Nothing happened in gold Daily declines in mining stocks First, the decline in mining stocks. A price action following a confirmed breakdown was exactly what I expected to happen to both junior miners and senior miners. {chart} Senior miners ... (full story)

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  • Category: Fundamental Analysis