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Sunday, August 30, 2026

Gold vs Bitcoin: Decoupling, or Debasement Trade Rotation?

Let's begin with a mind blowing chart view that I'm sure nobody else is pointing to this morning: 

 Spot Gold Price In Euros - 40 year chart - In hindsight: the snapback rally in gold was triggered as the price action bounced off the upper channel line on the golden $EUR - not on dollar weakness, bond yields, Bessent, or the endless media speculation about what Kevin Warsh might say at Jackson Hole - media saturation. Gold priced in EUROs simply bounced off the upper trend line. 


Funny you don't hear about the collapse of the EURO, only the $USD  - meanwhile the EURO priced in gold reads like the tape on a worthless penny stock. Like a failed experiment.  

Who else's currency is in deep trouble? punchline: Whose isn't?  The Australia's Ausi Dollar! Homework assignment: Chart the gold rally in Ausi dollars. 

And they just happen to mine gold there! Ever hear of Newmont? 

Needless to say: Gold miners were run up AHEAD of Warsh's speech at Jackson Hole - 

 That wasn't the only warning I gave that Jackson Hole was beginning to look like a "sell the news" event, for gold miners. 

Friday Morning CNBC was seen pumping "Newmont" $NEM, and materials stocks (craftily setting the bull trap): 


What followed was a massive bear raid on gold miners. Coincidence? 🤷 

See the conviction buying on the 3X bear ETF - record volume! 

 Is this snap reaction the beginning of a larger sell-off in precious metals? That remains to be seen, but the conviction buying in the $GDXD should give you pause. 

I'm obviously not the only one who was anticipating the move that broke the chart patterns we were watching - in Thursday's update [linked]

I think Friday may have been a little over-done - and given all the short interest heading into a banking holiday on Monday (in Europe). Labor Day in 2 weeks. 

Gold vs Bitcoin: Decoupling, or Debasement Trade Rotation

Bitcoin ended rather weak, and the short sellers are already licking their chops. 

Here's why...: 

Bitcoin seems to be trading counter to gold - may even be a new rotation within the debasement trade. 
$BTC used to trade more like a high beta tech asset, before perception changed. Today it trades more like gold's moody cousin who missed the family meeting. 🤣

 The $GOLD:$GBTC (Gold Priced in Bitcoin) is a chart that has to be seen, to be believed: Shows exactly why the rip your face off rally in Gold, the biggest move we've seen in several months, was immediately followed by a face melting rally in Bitcoin, and if you follow Peter Schiff you know these 2 factions have been battling since  last Nov., 2025. Refresher: Crypto collapsed, and gold, and silver surged. I covered it back in Dec. - "When Flash Surges and Flash Crashes Collide: Silver's Post-Christmas Magic Trick"  [linked]  

 


AI confirms Bitcoin is absolutly being traded in gold, and the proof is in the charts!: 


Take care this week, as trading volume dries up again, heading into Labor Day.   

P.S. 

Beware of shadowy characters who command a massive presence on X, and Telegram: 




One shocking example of an account I had previously blocked - unblocked just to take a closer look: 

 

Follow the links at your own risk

    A quick Gemini/AI query reveals what may be hidden behind the curtain: 

 1. Flipper (The Tool)

Flipper Zero is a popular, open-source portable multi-tool used by tech enthusiasts, developers, and hardware hackers. It interacts with physical hardware and wireless frequencies (RFID, NFC, Infrared, and Sub-GHz). 
  • In a Web3 context, "flippers" also refers to a specific trader persona who acquires digital assets (like NFTs or token presales) strictly to sell them immediately for a quick profit. [1]
2. Degen (The Archetype)
Short for "degenerate," this is a slang term originating in DeFi (Decentralized Finance) and crypto communities. A degen represents a high-risk crypto trader who buys into speculative, unverified tokens or experimental projects without doing traditional due diligence. When paired with Flipper, it points to a specific demographic crossover: hardware hackers who apply the same high-risk, "try it and see if it breaks" mentality to hardware exploitation and custom radio configurations.
3. Threador (The Target/Protocol Hack)
This is a wordplay blending Thread (the smart home wireless mesh protocol) with the "or" suffix commonly found in crypto personas (like Investor or Liquidator). [1, 2]
  • The Hacking Angle: Security researchers utilize the Flipper Zero to explore and audit the Thread smart-home protocol. By hooking up low-cost external radio dev boards (like an nRF52840 or ESP32-C6) via the Flipper Zero GPIO pins, users act as "Threadors." They inject traffic, build OpenThread boundary nodes, and audit the low-level data packets passing through Thread-enabled smart doors and IoT appliances. 

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