Global Capital. Clear Intelligence.
The market is never wrong. It is always right. It’s always where it should be when it’s there. The market will do whatever is necessary to make the majority wrong at all important turning points. You’ve probably heard all the above before. You’ve read it in print and heard it on the radio, TV, and … Read more
Is it the search for the Holy Grail, the fountain of youth, and El Dorado? Is it the quest to turn base metals into gold? Is it a dream and an illusion? At times, I felt like I was sleepwalking. But it was real. I traded on leverage, pyramided futures and stock options, and turned … Read more
Are global markets fixed? They could be, but maybe not the way that you think. I considered titling this paper “How I Turned Ten Thousand into Five and a Half Million in Less Than a Year Trading Gold Futures and Options on Gold Shares.” But I actually started with twenty thousand, of which I lost … Read more
Q: How do divergences relate to the four criteria for calling the low in gold? A: They don’t make the top four list but they’re helpful for refining the analysis. Take a look at bigcharts.marketwatch.com. Junior silver mining shares represented by this index have taken a huge plunge over the last 15 trading days. Silver … Read more
Q: What is the Fixed System? A: The Fixed System is the application of economic law in a manner consistent with the scientific method to profit from price changes. Q: What do you mean by scientific method? A: Using observation to establish facts and then logic to reach useful conclusions that follow from the factually … Read more
Q: You make a big point of saying that you don’t predict the future and that it’s easier to answer the true false question about whether today is the low in the gold market than it is to say which of next year’s 365 days will be the low. I don’t see that you have … Read more
Q: Is there any mathematical advantage you have with your approach to trading? A: Mathematics is a system of logic. It is not possible to arrive at a valid conclusion if you use fallacious logic. Additionally, your conclusion may be valid, in that it follows from the premises stated, but never the less false because … Read more
Q: I am appalled by the amount of corruption in the USA government. Does this always happen when an empire is in its last days? And, how does it affect your trading strategy going forward? A: Good questions. Keep in mind a basic economic law: all value is subjective. It is never the corruption that … Read more
Q: What should I tell a client who is uncomfortable with speculation and would rather buy and renovate real estate when the yield is over ten percent and sell when it’s under five percent? A: That is a very good question. It raises many issues, which Rothbard (Man, Economy, and State) and Mises (Human Action) … Read more