When crypto runs, gold follows. Here is the evidence.
A descriptive atlas of tail co-movement across 6 asset classes — mapping which markets move together at the extremes.
Strongest signals
Channel 1 · Crypto → Gold
Bitcoin ETFs in upper tail
CPE 0.97 · lift 4.85× · n=100
Channel 2 · Silver → Gold
Silver in top 5% over 1 year
CPE 0.84–1.00 · lift 3–5× · currently firing ✓
Channel 3 · Vol collapse → Gold
Gold volatility (GVZ) falling
CPE signal · 63d lower tail · currently firing ✓
Channel 4 · Weak USD → Gold
USD ETF (UUP) in lower 10%
Watching · currently 3.3% away
161
instruments
6 asset classes
169k
signals
CPE ≥ 0.80, lift ≥ 1.5×
33yr
of history
1993 — 2026
0
assumptions
non-parametric, descriptive
📐
This atlas describes history — it does not predict the future. When Bitcoin ETFs were in their upper tails over 252 days, gold exceeded its 80th percentile in 97 of 100 historical episodes. What happens next is not guaranteed. But the pattern is real.