One may find scores of recent articles in the blogoshpere calling for a continuation of the gold downtrend after a pause and an extension of the stock rally to ... you pick the future date, all are there. In reality, these analysts are conveying their cognitive biases to the public because unless one experiences precognition and knows the future the only reasonable assessment of the situation can be a subjective probability much less than 1. Current situations in GLD and SPY are discussed.
GET UPDATES BY EMAIL
Thank you for subscribing.
Something went wrong.
CFTC RULE 4.41
© 2011 – 2019 Michael Harris. All Rights Reserved. We grant a revocable permission to create a hyperlink to this blog subject to certain Terms and Conditions. Any unauthorized copy, reproduction, distribution, publication, display, modification, or transmission of any part of this blog is strictly prohibited without prior written permission.