Good morning 👀Bitcoin is rocketing higher, with gold down 5%.The risk-on rotation may be underway.Start your engines. https://t.co/ZOuIg3l8EAJoe Consorti ⚡️ (@JoeConsorti):The Bitcoin-Gold catch-up trade.This remains the longest unbroken period of BTC-XAU positive correlation (BTC lagged by 100 days) in history.If JPMorgan's vol-adjusted fair value for BTC relative to gold holds water, then $165k will be here before EoY. https://t.co/sH1PHkhiyl ...

US-China tensions and the USG shutdown only feed the insane safe-haven flows for gold.The longer it takes uncertainty to clear, the more violent the risk-on rotation grows, and the more upside gets baked into BTC.Early-mid November could be electric.zerohedge (@zerohedge):Gold new all-time high 4,381 ...