Yesterday's "tamp" was a useful opportunity (from my point of view) to test my bitcoin gold ratio theory. A "dollar in a day" event in silver and 2% in gold should have disrupted the ratio if it was not being managed. So this is what the tampers achieved with respect to the dollar:
First silver, because this is WSS:
Down 2% against the \"strong\" dollar
And this is the failed gold tamp with respect to bitcoin:
Down 0% against \"weak\" bitcoin
The ratio, and the theory (for now) are holding. Bitcoin is not allowed to rise above 1 kg of gold, and bitcoin gets tamped along with gold to make sure this is maintained.
I remain convinced that it is China that is not doing the allowing.
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