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News commentator explains why gold fell $100+ a few days ago
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<p>[QUOTE="medoraman, post: 1273608, member: 26302"]Ever since I read "A Mathemetician Reads the Newspaper" I chuckle at the talking heads. The author, (a renowned mathemetician), proves that with so much news going on every day, and people's lives changing, its almost mathermatically impossible for a large market to be flat from day to day. Regardless, every single night the news programs have to put someone on the air to explain "why" the market went up or down today, as if there is a single reason. </p><p><br /></p><p>You can probably count on one hand the days the Stock market had a SINGLE reason why they went up or down per year, yet the news makes us think there is always a "culprit", and they are smart enough to figure it out.</p><p><br /></p><p>Like I said, makes me laugh at the thought, but sad for the fact most Americans buy it. Nowadays its even worst, any idiot with a webcam can post something on Youtube and SOMEONE will believe him, and even worst, another may believe he was "put up' to it to try to destroy investor confidence in gold. Sometimes an idiot is an idiot.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1273608, member: 26302"]Ever since I read "A Mathemetician Reads the Newspaper" I chuckle at the talking heads. The author, (a renowned mathemetician), proves that with so much news going on every day, and people's lives changing, its almost mathermatically impossible for a large market to be flat from day to day. Regardless, every single night the news programs have to put someone on the air to explain "why" the market went up or down today, as if there is a single reason. You can probably count on one hand the days the Stock market had a SINGLE reason why they went up or down per year, yet the news makes us think there is always a "culprit", and they are smart enough to figure it out. Like I said, makes me laugh at the thought, but sad for the fact most Americans buy it. Nowadays its even worst, any idiot with a webcam can post something on Youtube and SOMEONE will believe him, and even worst, another may believe he was "put up' to it to try to destroy investor confidence in gold. Sometimes an idiot is an idiot. Chris[/QUOTE]
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