Research from TradeBlock shows that the inverse relationship between the price of bitcoin and gold has become stronger. The trailing 12-month correlation coefficient now stands at -0.70 down from -0.58 in August. This means that the recent price drop in bitcoin was not attributable solely to Mike Hearn's announcement that "Bitcoin is Dead". Perhaps the falling price was compounded by broader macro events that drove gold up ~5%, off of 6-year lows.