Post
Topic
Board Speculation
Re: rpietila Wall Observer - the Quality TA Thread ;)
by
BitDreams
on 01/12/2014, 23:40:06 UTC
Welcome to the new business lounge. Wine and cigars are on the house.



https://www.tradingview.com/v/roPAVFgJ/

GLD (candlesticks) is the paper gold exchange traded fund in the US. (edit 12/12 - correction)

From this charts aspect, BTC led price down till Oct 6th and GLD is now leading price up to the present. Bitcoin also didn't fall for the 7% price swing overnight like gold did from that Swiss vote. You don't see the 7% swing in the paper gold market because it's only open to trade during regular market hours unlike the futures.

Assume ;->

That the smarter money is in bitcoin.