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<p>[QUOTE="medoraman, post: 1824577, member: 26302"]I always found it funny how some "experts" in "pm manipulation" have never had any education in economics or accounting, have never worked in the industry or at the market institutions, yet VERY confidently can proclaim how various facts "prove" a vast conspiracy.</p><p><br /></p><p>Its like a lot of things today. There is a surplus of facts, and a huge shortage of knowledge. Knowledge helps a person make sense of facts, to put them in perspective, to evaluate them versus expected bahavior. The internet has given enough facts to anyone wishing to contruct any theory they wish, and those without any knowledge many times will blindly follow.</p><p><br /></p><p>This is more of a general warning to everyone. Facts are meaningless, worthless tidbits of trivia short of knowledge. Its 36 degrees in Minneapolis today. What does that tell you? Is it warm or cold for the day? Without KNOWLEDGE of what miserable weather Minnesota experiences, there is simply no way to know WHAT the fact that it is 36 today means, right? Another example would be a salesman on HSN stating a true fact that "only 100,000 of these were minted". So, does this make it a valuable coin? Without KNOWLEDGE of the coin series, the date, what other mintages are, what good does only knowing "100,000 mintage" do you?</p><p><br /></p><p>Same with people pulling crap off the internet like "X number of contracts were sold today" or "margins requirements did X". What does that mean to an average guy? There is no KNOWLEDGE, no structure into place this tidbit and if it is simply normal or unusual. Same with many "pm gurus". They also have no knowledge of what is normal, so trumpet seemingly "unusual facts" like they mean something, without KNOWING if they do or not. </p><p><br /></p><p>Sorry to rant, just a frustration of mine.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1824577, member: 26302"]I always found it funny how some "experts" in "pm manipulation" have never had any education in economics or accounting, have never worked in the industry or at the market institutions, yet VERY confidently can proclaim how various facts "prove" a vast conspiracy. Its like a lot of things today. There is a surplus of facts, and a huge shortage of knowledge. Knowledge helps a person make sense of facts, to put them in perspective, to evaluate them versus expected bahavior. The internet has given enough facts to anyone wishing to contruct any theory they wish, and those without any knowledge many times will blindly follow. This is more of a general warning to everyone. Facts are meaningless, worthless tidbits of trivia short of knowledge. Its 36 degrees in Minneapolis today. What does that tell you? Is it warm or cold for the day? Without KNOWLEDGE of what miserable weather Minnesota experiences, there is simply no way to know WHAT the fact that it is 36 today means, right? Another example would be a salesman on HSN stating a true fact that "only 100,000 of these were minted". So, does this make it a valuable coin? Without KNOWLEDGE of the coin series, the date, what other mintages are, what good does only knowing "100,000 mintage" do you? Same with people pulling crap off the internet like "X number of contracts were sold today" or "margins requirements did X". What does that mean to an average guy? There is no KNOWLEDGE, no structure into place this tidbit and if it is simply normal or unusual. Same with many "pm gurus". They also have no knowledge of what is normal, so trumpet seemingly "unusual facts" like they mean something, without KNOWING if they do or not. Sorry to rant, just a frustration of mine.[/QUOTE]
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