tag:blogger.com,1999:blog-2002376076380960278.post7750481780893711214..comments2023-06-20T04:55:27.614-04:00Comments on BEST: 2015.12.04 Gold Cycle Model ChartPaolohttp://www.blogger.com/profile/18005061596776141679noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2002376076380960278.post-33186901061171003202015-12-07T18:47:26.248-05:002015-12-07T18:47:26.248-05:00You are right, these models cannot capture exigenc...You are right, these models cannot capture exigencies that occur as a result of the ongoing CB obfuscation of the future discounted rate of capital. Bernanke was chosen because of his PhD thesis, which outlined some of the current Fed policies addressing the bursting of the previous Greenspan generated bubbles. I think that looking back on that decision it will be seen as the most egregious error ever committed by a central bank, and one which will be quite challenging to mitigate, short of cold fusion being discovered tomorrow. My rant aside, thanks for dropping in and for that nice "WTF" chart. It looks like a pretty crowded trade at this point. Paolohttps://www.blogger.com/profile/18005061596776141679noreply@blogger.comtag:blogger.com,1999:blog-2002376076380960278.post-64374144774173793272015-12-07T04:01:14.978-05:002015-12-07T04:01:14.978-05:00This of course is agnostic to the massive paper ma...This of course is agnostic to the massive paper manipulations of the CB's. <br /><br />This chart shows the effect of the increasing paper contracts on the price of real physical gold (thanks to Chris Hamilton [Hambone] for that):-<br /><br />https://staticseekingalpha.a.ssl.fastly.net/uploads/2015/11/22/40246456-1448214084728377-Christopher-Hamilton.png<br /><br /><br /><br />That aside, gold will always shine in the longer term.Anonymoushttps://www.blogger.com/profile/11757262890074926686noreply@blogger.com