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Meanwhile, Look How Ugly Gold Has Gotten

• Business Insider
 

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:


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