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Albert Sung is the author of the Katchum Macro-Economic Blog, monitoring breaking economic news on a day to day basis. He started investing in 2008 because of the economic crisis and holds a masters degree in chemical engineering. Previously, he worked several years as a process engineer at... More
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Katchum's Macro-Economic blog
  • Huge Divergence Between Bitcoin And Gold Price 0 comments
    Feb 20, 2013 11:31 AM | about stocks: GLD

    How can the bitcoin chart (Chart 1) keep going up, while the gold chart goes down (Chart 2)? Apparently it can, but not for long, that is my take.

    (click to enlarge)

    Chart 1: Bitcoin Chart

    (click to enlarge)

    Chart 2: Gold Price

    Premiums on Shanghai are hitting new highs so stress is building up:

    (click to enlarge)

    Chart 3: Silver Premium Shanghai/London

    Disclosure: I am long AGQ.

    Stocks: GLD
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