Connection: When Gold Rises, Will Bitcoin Fall?

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ValueWalk

What do the portents say? Well, we’ve been looking for connections between gold and bitcoin, and we see a chance to fatten the coffers. Read on. Q2 2021 hedge fund letters, conferences and more But first, let’s talk about gold and the miners. Yesterday’s session provided us with a perfect confirmation of the bearish case in the precious metals sector for the short term. The reason is that what happened was bearish in two ways: 1. Nothing happened in gold2. Daily declines in mining stocks Short Term: Miners Still Looking WeakFirst, the decline in mining stocks. A price action following a confir…

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