Meanwhile In Precious Metals And Virtual Currencies...

The old 'new normal' precious metals smackdown has made a few appearances since the Cyprus debacle started but this morning's drop is impressive (given the lack of movement elsewhere) as gold drops back below pre-Cyprus levels. There is one 'currency' that is surgung in value though - Bitcoin is now trading at $107.36, up from $46 pre-Cyprus...

Gold is now back below Cyprus levels and Silver has been sliding...

 

But Bitcoin has been surging (looking somewhat parabolic longer-term)...

 

 

Charts: Bloomberg and BitCoinCharts

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