Loading ...Gold & Interest Rates
Interesting pattern but mostly useless. This guy provides interesting correlations and non correlations, sometimes of esoteric ratios and assets. While I enjoy reading them for entertainment purposes, most(not all) are pretty useless for any trading or investing purposes. Even taking his word for the fact that interest rates peak almost two years after gold peaks, so what. Does anyone actually believe gold is done for this cycle. Even if it doesn’t take out the August 2020 peak on this run, it is sure do do so either later this year or next or eventually. So what does that tell you about interest rates. That even if his pattern holds and rates have a peak as he calls for, they will eventually go higher again 20+ months after gold stops rising. Since it doesn’t offer anything regarding magnitude, and has almost a two year lag, what good is it. You might as well say that anytime the sun comes up, within 24 hours, you will see it come up again. USELESS. http://www.321gold.com/editorials/mcclellan/mcclellan041222.html
We must suffer the fools who do not know they do not know. Tom’s work is actionable. He has made me a fortune. You sound like people who call into C-span spouting off and not knowing what they are talking about.
I believe you are the one “spouting off” without comprehending what I wrote. I was specific in my criticism of this particular piece of info and if you can tell us how such a long lag correlation with no magnitude, and no real value helped you make money I would be glad to hear it. I did say that some of his indicators are useful and actionable. Just not this one in the way it was presented. Again if you can educate me as to how I am wrong on what I specifically said I will stand corrected.