It is one thing for tungsten-filled gold bars to appear in the UK, or in Germany: after all out of sight, and across the Atlantic, certainly must mean out of mind, and out of the safe.
This will send the premium on pre-1933 coinage and old sovereigns through the proverbial roof. Can't fake age. Lower quality, VF/XF, stuff is what you want, that's where the lowest premiums are and thats where the potential for fraud is the lowest.
I will be the first to admit it, but I did not think the Fed would actually announce QE on Thursday at 12:30pm EST. The markets were prepared for it and they had been disappointed so many times in the past year that it only seemed right that the announcement would come when it was least expected. Since everyone else had announced QE it only made sense that the Fed would hold off one last time to play goalie in case of a global meltdown.
Well, it may just be that, in fact, that is what Thursday's real announcement was: an admission that the situation is much worse than the headlines let on and that QE as a last resort needed to happen now and not after the election. We'll soon find out.
Tomorrow, September 12th may be Armageddon day for the U.S. Dollar (AMEX:UUP) as there are two events that will hit the market in what might be the financial equivalent of 9/11. first the German Supreme Court will rule (most likely in favor of, by the way) of the European Stability Mechanism, declaring it to not be in violation of the German constitution for the most part.
Having more data does trump a better algorithm, but it's not that simple.
Data collection and analysis is about having the right data not more of it. Correlations without a hypothesis are just correlations, interesting but of no intrinsic value. It's why the China Study is not only stupid, but wrong.
Your goal should always be to find data that is germane to your goal both good and bad and evaluate your hypothesis within that data set.
Data is always telling you something and very often it's outside the parameters of whatever your algorithm/model du jour is.
Great rundown of the literally stolen primary season. I checked out of this political nonsense the moment it became obvious that the GOP wouldn't even allow the delegates earned after all the dishonesty and brutality to have their voice. Romney is the worst kind of statist for he is unabashedly shameless in how he plays power politics, just like O-Bomb-Ya.
The GOP and the DNC deserve each other. And we who stood up to be counted for something better deserved a better result. But, as I always quote from the man himself, "Deserve's got nothin' to do with it."
Thanks Clint, fun speech the other night. Too bad no one worth a salt was listening.
“... We would also like to see gold break out against its downtrend line and the 55 week moving average. The 55 week moving average on gold is currently at $1,672 (see chart below), and if you look at the downward move that took us to the lows of $1,526, that actually began from around $1,672.
"A weekly close above $1,672, if we could get it, would signal to us that we have broken out of the triangle and would open up for a retest again on what we believe is the bigger level at $1,791 on gold. ..."
the 55 Wk EMA was the capping level before last week's breakout. I'd like to see a simple up bar for the week... two weeks up in a row would be a big deal as Gold has been kept on a up/down weekly pattern for months now.