Quick Update: GDXJ

GDXJ
Given that the US dollar index and especially USD/JPY is tanking while real rates are going lower, gold and silver should be up strongly ATM. Unfortunately there seems to some resistance keeping the metals from heading higher. One factor that I personally believe is playing a...
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Charts of the Day: Gold vs Bitcoin

Bitcoin
I decided to compare the charts of two “alternative currencies”, namely gold and the relatively new phenomena Bitcoin. One having been a monetary asset for millennia and the other one being a new digital form of currency for the lack of a better word. The charts...
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Chart of the Day: Bitcoin vs GDX

Bitcoin
  During the last two years, divergences between Bitcoin and GDXJ has tended to converge again after a couple of months. With Bitcoin’s recent meteoric rise, this divergence is substantially bigger than what has been seen during this time frame. It will be interesting to...
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Correlations During the Last Two Months

Correlation matrix
Lets take a look at the correlations during the time period 2017-03-01 to 2017-05-01:   Data     Observations GDXJ correlation with gold literally went down the drain, with a coefficient of only 0.06! Probably a lot to do with the GDXJ rebalancing. Gold saw...
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