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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 378.38+2.7%Nov 10 4:00 PM EST
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To: TobagoJack who wrote (157357)5/1/2020 4:50:42 PM
From: Maurice Winn  Read Replies (1) of 217661
 
Hunting = a word I used a decade ago regarding gold price volatility I predicted after years of deadly accurate 31 December predictions for gold price which were weirdly accurate to a dollar.

Yesterday shares were up. I guessed today would be down. But what a thump down. I have not yet seen any news at all so have no idea why. But it could simply be the warring supercomputers and PhD mathematicians running their algorithms and price chess flash crashes.

As Warren says, short term the market is a gambling machine and long term a weighing machine (or words like that). Funny how we know who Warren is. I don't mean Elizabeth or my friend from many decades ago.

Everyone is guessing on net present value measured with a financial relativity theory measuring stick (US$) that is being diluted 90 to the dozen as the Reynolds number of money approaches the speed of light and Newtonian Magic Money Theory vanishes into a black hole or quasar/supernova or simply Zimbabwe physics (where starvation is now real after decades as the breadbasket if Africa.

I guess hordes of Rhodesia and Zimbabwe people fled to mighty South Africa which became not so mighty and akin to Zimbabwe since "freedom" took over there.

But where will South Africans and Americans and Euroserfs flee to? Not to mention a billion here and there in China, India not to mention South of the Border, the rest of Africa and the middle East which is now trying to live off $10 a barrel oil a decade after $140 per barrel.

Now to find out why the thump down today. Never a dull moment.

Mqurice
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