Who Cares

Having risen by a third since the beginning of 2011 and nearly fivefold since 2004, one analyst believes the precious metal is now in bubble territory and an “absurdity”. “Gold is not money and has no investment yield and in fact incurs carrying/storage costs. With the 10 year US treasury rate at 2 percent and…

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Gold

Here is one of those charts courtesy of JP Morgan that look interesting but which I never really understand the value of. Whilst history is interesting I am uncertain as to the relevance to traders of inflation adjusted charts since I dont know anyone who is interested in holding gold for 40 years. Unless you…

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Stock Analysts

Apparently when they get it wrong stock analysts stamp their feet and threaten to hold their breath until they turn blue STANFORD GRADUATE SCHOOL OF BUSINESS — Like oracles in the stock market, securities analysts come up with earnings estimates that are supposed to signal the worth of a company’s stock. But what happens when…

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Physicists

As tenure disappeared and research jobs became harder financial markets became a a fertile job market for newly minted Ph.D physicists who equipped with very powerful mathematical toolboxes set about conquering the market. This piece by SCiAM is more a fluff piece rather than anything concrete but it does give these blokes some good PR.…

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