There are coincidental indicators for trading, and there are incidental indicators. Knowing the difference between causation and correlation is where the real value in charts and technical analysis is found.
Traders are wondering what to make of this recent volatility in gold? They ask - “why is gold correcting with oil at record highs, and inflation [...]
Entries from March 2010
Gold vs. 10 Year Bond Yields
May 30th, 2008 · No Comments · Gold & Silver Charts, Gold and Silver Stocks
Tags: 10 Year Bond·Causation vs. Correlation·Gold Price·Trading Gold
As Atlas Shrugs…
May 20th, 2008 · 3 Comments · Gold and Silver Stocks, Recommended Books
It is said that your life will be most impacted by the people you meet, and the books you read. On that note, given all that is happening in the markets and in the world, I think it’s appropriate to revisit Ayn Rand’s classic - Atlas Shrugged. Published over 50 years ago in 1957, Atlas [...]
Tags: Atlas Shrugged·Ayn Rand·Sound Money
The Fed: Waste Not, Want Not…
May 1st, 2008 · No Comments · Gold and Silver Stocks, The Fed & US Treasury Policy
The Fed just wasted a rate cut yesterday. A “hold” would have been more positively accepted by the market, would have let more speculative air out of oil prices, and would be one less rate hike they need to do later.
But, the larger problem with the U.S. Central Bank is their dual mandate.
You can’t have [...]
Tags: Ben Bernanke·gold price top·M2 money supply·Murray Rothbard·The Fed