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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

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

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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
1,248.50
H 1,249.30
+3.00
L 1,242.80
+0.24%
Silver Futures
16.42
H 16.45
+0.07
L 16.28
+0.428%
Crude Oil (Brent)
48.85
H 49.64
-0.45
L 48.75
-0.91%
S&P 500
2,473.45
H 2,477.62
-0.38
L 2,468.43
-0.02%

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