Gold Is On Fire, As Market Sneers At Euro Bailout
In other words, "do your own due horoscopy before investing." Fire away, if you may.
It’s probably as sound as most financial advice from “experts.”
Hey blam,
Have you tried this “money astrology” stuff?
It can’t be any worse a predictor than flipping a coin to choose between Dueling Economists!
:-)
FRegards
about 2 months ago, if gold started to make a run there was no shortage of nay sayers saying how it was about to crash and the time to sell is at hand.
of course, that was before we all found out that soros and crew were pushing their money into gold.
today, gold is around $1219 and silver is spiking @ $19.15... after the news on how its price has been artificially suppressed over the year.
anyhow... after last week’s example of just how close the wall street traders and their hair triggers are from losing it... and greece / EU... be ready for a crazy ride. i think the time for illusions is almost up.
If any of you are nervous about holding (physical) gold or silver, send yours to me and I’ll hold it for you. ;)
What Are The Odds? (GS)
Specifically, that Goldman Sachs pulled this off without cheating in some form or fashion?
Goldman Sachs, which makes more money from trading than any other Wall Street firm, also disclosed that its traders generated $100 million or more on 35 days during the first quarter and lost money on no days. The firm set a record when it made $100 million or more on 46 days in the second quarter.
No losing days in the entire quarter?
You are free to believe that this is solely due to “superior skill.” I, on the other hand, do not believe that on a statistical probability basis the record this firm has put together over the last two years in terms of the number of winning .vs. losing days is possible simply due to superior skill - that is, without cheating in some form or fashion.
Indeed, I would liken the odds of this being a matter of pure skill (or luck) to be somewhat similar to the odds of my pulling three royal flush’s in a row at the poker table - against a full house aces each time.
It will be quite interesting to see how the future of the firm plays in terms of litigation risk and whether this “record” holds up as being as represented in the fullness of time.
http://market-ticker.org/archives/2300-What-Are-The-Odds-GS.html
Gold Is On Fire, As Market Sneers At Euro Bailout
Goldbug ping
“Published on Tue, May 11, 2010 at 08:22...Today as per financial astrology gold may show weakness in spot and electronic trading.”
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