BTC Gold Ratio. Headed for Parity once again?
Btc and Gold briefly were at parity one trading day in November 2013 at $1200. The BTC rally in Nov 2013 pulled back away from it's $1200 high. Of course a lot has happened since then and BTC has well surpassed the price of gold. The two have a very interesting connection. The ratio when charted also tells of this link. I am very bullish on Gold and believe that the two are headed for parity once again. This time gold will head up to meet its digital counterpart. I believe Bitcoins price action will move down from its recent rally and the two will meet in price brifely again. If I took a guess at prices it could be anywhere between $1900-$3600 ($3 x the previous $1200 would be a nice meeting point). This is all speculation and I wanted to capture it in a published chart.
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