Bitcoin has been on a parabolic surge.
And people are telling all kinds of stories to justify the sharp move in the digital currency. They're claiming that it's a response to central bank intervention. And Cyprus. And all that kind of stuff.
But if all that were true, wouldn't we see a rise in gold, which tends to do well on those impulses?
Anyway, here's a chart of gold, which continues to be weak and boring.In his 'Bedtime With BTIG' note last night, Dan Greenhaus had this to say about gold: