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There is no training, classroom or otherwise, that can prepare you for trading the last third of a move, whether it's the end of a bull market or the end of a bear market. -- Paul Tudor Jones

That's a fallacy. The average production price is a variable, not a constant: it depends on gold demand. High/low demand equals high/low production price. If demand for gold collapsed then so would the average production price, because only mines with the lowest-cost production profiles would...

"If you have a losing position that is making you uncomfortable, the solution is very simple: Get out, because you can always get back in." -- Paul Tudor Jones

I am using Access databases to store a couple hundred instances of data and R to analyze and graph it. Its easy to use, very powerful and free. I am sure Matlab is at least as good but I never bothered to get into it being as happy with R as I am. I am trader longer-time frames (weekly rather...

What is there to analyze? This market topped out, crashed down. You can throw all your TA analysis, levels and S/R out of the window when volatility is through the roof. I'd give this a couple weeks to settle down and gyrate around before even considering making a long entry here.

Marc Faber was on Bloomberg Friday and suggested aggressive traders go long GC for a "quick 20-40 point bounce on Monday". When the bottom callers are out, stay away.

It's a good thing for the buffoons over at Zerohedge that they're just writing conspiracy theory articles for a living instead of trading real money accounts.

No they're not. If your theory was correct then you could make risk-free arbitrage profits by buying gold futures, taking delivery and selling on the spot market. Try doing that, you'll see the future and spot market are connected very tightly.

You suffer from a misunderstanding what a hedge fund strategy is and what it is not. A hedge fund manager employing a strategy can have an edge, the edge is not the strategy. A hedge fund strategy is usually an approach based on criticism of efficient market theory. Google 'value investing'...

To use coin flips as a means to illustrate the behavior of financial market returns is the dumbest comparison I've ever seen coming from a trader.

Are you insinuating that financial market returns follow a similar stochastic distribution as coin flips? That is absurd.

They're doing that. Laiki bank will be flushed down the toilet according to wire reports.

Call your friendly prime broker.

Saying 'futures are leveraged and ETFs are not' is a big misconception. Both instrument classes (futures and equities/ETFs) can be as levered or unlevered as one desires. In fact this applies to most any asset class (bonds, physical real estate, spot FX etc.).

Wages are only part of the story, productivity is what counts. Southern Europe's unit labor costs are high, productivity is low when compared to Germany.

That of course is complete bollocks. See French's work on momentum factors 1926-2012 http://mba.tuck.dartmouth.edu/pages/faculty/ken.french/data_library.html

Good idea fundamentally, but on leverage this will end in tears every once in a while. 1999 is a great example.

Paragon supports this, see http://www.paragon-software.com/home/hdm-personal/features.html Never used it for this specific purpose though.

As I said, just buy a Chinese or Indian tomato can for $5,000. As "good" technology and safety-wise as those from the 70s.

That's a common misconception. The average car of today is 10x better than the average car of the 70s. Hence the bigger pricetag. You can buy a piece of shit car from China today for $5000 that is technically as good (or better) as your 1970s average car. See...