To: Rarebird who wrote (59181 ) 10/1/2000 7:57:07 AM From: Richard Mazzarella Read Replies (1) | Respond to Rare, Mark, cool it. There's enough crap going on in the world to raise blood pressure without the personal attacks. Who started it isn't important. The question now is, who's big enough to end it. Both you guys come to your analysis from other sides of the universe, rare is FA, mark is TA (Fundamental Analysis, Technical Analysis). Well guys, there plenty of space in this universe for both without butting heads. I like both FA and TA because FA gives me a sanity check on any TA. Mark professes to only use TA, read his introduction on his thread. Mark also posted that Murphy, the TA wizard, said he gave up charting gold, can't be done for some lame excuse "the gold market is rigged". Bull shit Mr. Murphy. TA uses mathematics to work, statistics and probability theory. What does the mathematics of TA tell us when it doesn't work for gold? It's saying that the gold market is random, not ordered. Why is that? Manipulation? Nonsense, even manipulators would require TA to properly plan strategy and forecast. My take is that the reason gold market is random is because all the excesses have been taken out through options, hedging, and an over inventoried basic product that has little practical value. People won't invest (long, or short) in markets that don't change much. Why should they when there is so many other interesting places to play. Anything currently returning less than 20% a year isn't interesting. There are the gold gurus and sages that have been telling us for the last dozen years gold will return multiples, it hasn't. How long can they hold their FA audience? Currently there's only one why to play gold, trade it and trade it often. TA still works for the trade, use what works, but limit it to the use intended, trading. While gold sucks, we don't need to compound the stress by personal attacks, it's beginning to turn me off more than the gold market. <VBG>
