Bitcoin schmitcoin.
''Perhaps more interestingly, copper is behaving like another highly speculative instrument in 2017 – that is it’s recently become highly correlated with bitcoin.
Whilst difficult to confirm, anecdotally it is suggested that the majority of bitcoin’s trading volumes are from China (with the Chinese probably using it as a vehicle for getting money out of the country). Given copper’s historical and high levels of speculative interest (and its use as a vehicle for getting money out of China), that correlation would seem to make some sense.
''
https://www.livewiremarkets.com/wires/b ... correlated
What does China want from Cambodia?
- spitthedog
- Is the World Outside still there ?
- Reactions: 123
- Posts: 5715
- Joined: Mon Feb 17, 2014 10:19 pm
"I don't care what the people are thinking, i ain't drunk i'm just drinking"
Copper is just returning to where it was this time in 2015.
pew, pew, pew, pew!
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