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No data is too bad enough to stop its rise

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VIDEO: Weekly Update 7.14.17

Chris expounds more on the "bad models = terrible outcomes" theme


Bad Economic Models Result In Terrible Outcomes
Things are worsening because we pursue the wrong policies


for premium members
A Better Model For Predicting What Happens Next
Only by understanding clearly can we avoid the carnage ahead

Gold & Silver Update


Gold rose +9.60 to 1250.50 on very heavy volume, while silver moved up +0.05 to 16.40 on moderate volume. Although the move in gold looked strong, the majority of today's move ($6.60) was due to a contract roll and the associated contango. A very strong rally in the Euro (and the consequent drop in the buck) was entirely responsible...

Today's Market

Gold Futures
H 1,249.30
L 1,242.80
Silver Futures
H 16.45
L 16.28
Crude Oil (Brent)
H 49.64
L 48.75
S&P 500
H 2,477.62
L 2,468.43

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