Quote:
Originally Posted by willx
Oaktree's Marks Warns Pre-Crisis Behavior is Back
This is from the same man that wrote a very simple and easy to understand piece on the price (intrinstic or not) of gold: http://www.oaktreecapital.com/MemoTr...2012_17_10.pdf
PS: I don't have the data on me, but I ran a historical analysis of U.S. recessions and the price of gold. They were actually relatively poorly correlated, but I did find some research showing that gold responds to systemic shocks. IE. Gold is a poor inflation hedge but has been a decently good "crisis" hedge.
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Before you signed onto this forum, I posted
this before with regards to gold. Gold doesn't have much correalation other than that towards fear. Maybe it might be related to volumes? I don't know.
Dow hit 14,000 again. Not a surprise that the bulls (and their shit, excuse my sarcasm) are back. I certainly hope it will not be another
Black Tuesday, though it would be great if the reinstated the Glass-Steagall Act.