The Tale of the Tape: Bitcoin vs. Gold Since August

Perhaps one of the more remarkable yet under-appreciated aspects of markets since Labor Day has been the notable outperformance of seemingly obsolete gold versus the new, hot Bitcoin. While Bitcoin has been rallying the last few days, the crypto currency has been in a sharp correction since last Christmas. 

Gold, however, has been acting steadily better, and faces its biggest test yet today with the FOMC after 2pm EST.

Still, it is hard not to notice that the yellow metal is far from washed up and irrelevant as many would have you believe.