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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 414.48+0.7%Jan 9 4:00 PM EST

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To: maceng2 who wrote (44370)12/27/2008 10:17:47 AM
From: carranza2  Read Replies (3) of 219206
 
I do not have a solid math background but Jesse's 89% positive correlation looks good to me so I keep an eye on MZM.

Getting correlations to increasingly fine gradations seems [intuitively] to increase the possibility of error so I am biased against complex formulas, particularly as I am not mathematically sophisticated and cannot analyze them very well.

I am reminded of a phrase used by Taleb in Fooled by Randomness: measuring the depth of the ocean with a micrometer. Why do it, unlesss it is done for fun?

I don't see the need for finer and finer measurements based on many variables. If one is robust enough to yield near-90% accuracy, it is good enough for me, particularly if it otherwise appears wedded to economic realities. In this case, the growth of MZM suggests the debasing of currency and the ascent of gold.

Must be nice to have a solid math background. I envy everyone who does.
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