While correlation is not causation, the coincidental timing of the tumble in virtual currencies and the surge in physical (alternative) currencies suggests another great rotation may be occurring… with gold at fresh 3-month highs as Bitcoin presses 3-months lows…
While not surprising, the chart above also shows the massive collapse in Mt.Gox pricing as the world and their virtual pet rabbit run for the exits…
Gold is now up over 12% from the post-Taper lows…
and Silver is exploding higher… up 15.6% now in February alone.
Charts: Bloomberg and Bitcoinwisdom
via Zero Hedge http://ift.tt/M5i74c Tyler Durden