Hi Ham, not so sure about game theory. From my understanding, is that wave theory in stock market charts, shows patterns of repeatable behavior, just like you see patterns of repeatable behavior in nature i.e. the seasons, tides, etc.
I have seen the elliot wave patterns repeat themselves again and again, however it is not science and subject to great interpretation.
Gold seems to be trying a bottom here and short selling traders will be unwinding their positions before Christmas vacation. With all this currency mess, IMHO havin a little of the yellow would be prudent.
Merry Christmas to you and your family,
Bob |
