PS: I would like to hear your opinion on what I found:
Approximately a week ago I calculated the correlation of GOLD/BTC.
Results:
Last year (29-07-2014 - 28-07-2014): 0,519572846
YTD (01-01-2015 - 28-07-2014): -0,562651161
Quite interesting I have to say. Unfortunately I was not able to produce a correlation chart over time. I would love to see such a graph.
...
I think perhaps you correlated the noise and didn't apply a smoothing filter.
BTC MUST NOT follow Gold and this seems NOT to be the case now...
I think they are roughly correlated in terms of general direction, so if you correlate them with smoothing filter, you get very high correlation.
But they are noisy in short-term and fall out of correlation.
Also BTC is apparently much more volatile than gold.
You are trying to focus in on much shorter-term moves in price action.
We may go up or down short-term, but over next months we are going much lower.