[pdf-embedder url=”http://cdn.delphidigital.io/uploads/2020/07/Macro-Bitcoin-Dominates-As-Digital-Gold-Narrative-Strengthens...-7-22-2019.pdf” title=”Macro – Bitcoin Dominates As Digital Gold Narrative Strengthens – 7 22 2019″]...Total Public Market Value (ex-BTC) 12-Month Performance (Normalized) Bitcoin Dominates as Digital Gold...

[pdf-embedder url=”http://cdn.delphidigital.io/uploads/2020/07/Macro-_Option-on-Digital-Gold_-Proving-It-Can-Walk-the-Walk...-7-8-2019.pdf” title=”Macro – _Option on Digital Gold_ Proving It Can Walk the Walk – 7 8 2019″]...269-0786 Total Public Market Value (ex-BTC) 12-Month Performance (Normalized) "Option on Digital Gold...

Weekly Market Commentary - April 15th, 2020 Stocks Begin to Stall as Gold Starts to Glimmer Bitcoin...Worldwide Google Trends for "Coronavirus" Gold is on pace for its best month since Feb. 2016, breaking...But it’s not just the greenback it’s appreciating against; gold is breaking to new highs in EUR, CNY,...Gold ($/oz) vs. U.S....Gold / S&P 500 Ratio vs.

🔍 Bitcoin: More Than Just Digital Gold?...The buzz around Bitcoin being used as something other than digital gold has led to other players exploring...Combined, these projects represent a new path forward for Bitcoin: one where it is more than just digital gold...

It may be more appropriate to treat BTC as a cheap option on the potential of digital gold instead....Gold Correlation (30-Day) GLD Price 0.6 Research March 1st, 2019 The "Option" on Digital Gold The...It may be more appropriate to call it an option on digital gold instead....But I thought this was supposed to be digital gold?

269-0786 Total Public Market Value (ex-BTC) 12-Month Performance (Normalized) Bitcoin's "Digital Gold...Bitcoin’s “digital gold” Frequency of "Gold" in Bitcoin Headlines (The TIE) narrative took on new life...Louis, CME, CFTC 6 Research October 7th, 2019 Gold's Summer Rally Takes Break Gold Price vs....Gold Price vs.

Weekly Market Commentary - February 7th, 2020 Digital & Physical Gold Gain Amid Geopolitical Unrest...European Gold-Backed ETF Holdings vs....Gold Price (EUR) Data as of February 7th, 2020 Source: World Gold Council 9 Gold Momentum Divergence...Gold Price vs. 12-Week & 26-Week EMA (Top Panel) vs.

Gold - Hourly Trading YTD Bitcoin and gold spent the first half of last year largely trending in the...Due for a Healthy Pullback Gold Price vs. 14-Day RSI Gold’s late December run up accelerated the last...Gold Price vs....terms), according to data from the World Gold Council.

BTC and Gold’s Relationship Back in 2019, BTC’s correlation to gold propelled the narrative that BTC...If BTC isn’t considered an inflation hedge — as gold is — by investors, then rising inflation could negatively...

Below I revisit the original BTC/Gold ratio call, walk through how the gold and macro calls from our...Nobody is talking about BTC outperforming gold through gold weakness, but that is precisely what has...Gold: The Year Ahead Scorecard In our Year Ahead Markets 2026 report, we called gold “one of the best...

Current Setup The BTC/Gold 1W 9/21 EMA chart is lining up for a potential downside cross....If gold continues to hold its gains into the September FOMC, the EMAs could formally cross down around...A proportional replay would imply about 70% upside in the BTC/Gold ratio, taking it from the current...

...we got that red downside cross, BTC against Gold has dropped -62.42%....And critically, BTC “outperforming” Gold from here doesn’t necessarily mean BTC rips....The Data Across BTC/Gold’s full history, there have been 8 downside crosses....the BTC/Gold ratio....Gold has gone essentially vertical.

Introduction BTC/Gold remains in a corrective phase, but for now my base case is that this is a typical...The BTC/Gold ratio has long served as a reliable gauge of macro risk appetite and liquidity cycles....When Bitcoin strengthens relative to Gold, it often reflects improving market sentiment and rising liquidity...

Kevin Kelly and Jose Macedo - One Big Macro Trade: Dollar, Gold, Bitcoin...Dollar, gold and bitcoin....The Webinar also touched upon Delphi’s latest outlook for BTC, crypto, gold/precious metals over short...

The BTC to Gold ratio has slipped below the model’s lowest power-law band....What the model shows and why it matters The framework takes 15 years of BTC vs Gold history, fits a log...Either BTC is extremely undervalued relative to Gold or Gold is simply outperforming during a macro rotation...BTC can bounce / Gold can cool off / both can converge.

...slowed down, its correlation to the SPX slowed, eventually flipping negative, and its correlation to gold...Gold is considered a safe haven asset and inflationary hedge; stocks and indices like the S&P 500...Because gold and stocks have poor correlation, using BTC’s correlation to each asset as a means of gauging...

By Kevin Kelly, CFA Key Takeaways Gold’s latest surge puts it among this year’s best performing assets...Notably, the swift rally in precious metals has pushed many gold-backed ETFs to record overbought levels...All That Glitters is *Long* Gold One key difference in the latest “everything rally” is its leadership...

Precious metals, notably gold and silver, have surged amid dollar weakness and the latest plunge in the...In our May 22nd market commentary note, we highlighted how cheap silver was trading relative to gold...The precious metal is up 32% since (compared to 9% for gold) yet still remains 52% below its April 2011...

One of this paper’s co-authors, Alex Golding, recently spoke at Permissionless about “How to Launch a...

We’ll call this system the “gold era.”...Gold (blue, LHS) vs Oil (orange, RHS). MacroTrends....Investors were no dummies and knew there were more claims against America’s gold than actual gold....For Wall Street, it was a machine that turned lead into gold.”...backing and eventually lead to a run on gold.