By Jim Iuorio
At a Glance
- Among the two major alternative currencies, gold has emerged on the upside, at least temporarily.
On November 14, 2018, CME bitcoin futures broke through the important $6,000 support level and lost more than 40 percent of their value in the next 12 days. On that same day, gold futures accelerated off their lows and began an explosive 9 percent rally higher.
Macro traders and analysts love dependable correlations between asset classes. The desire to spot a corollary trend is so great that maybe, just occasionally, some of us project