Oh look, gold and platinum are also rallying with silver. I wonder why.
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Err calling it a correlation doesn’t explain any causal factors of why they correlate. In this case do you think macro factors drove gold and platinum?
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What factors drove it today except
#silversqueeze? -
Real yields, inflation expectations, US dollar? A simple 4-factor model for gold return implies it shd be up about 4% from Fri based on move in silver, dollar, real and nominal yields vs 1% in reality. Ignoring the impact of silver, it should be up ~0.8% which is nearly dead on.
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My point is that observing something that occurs on 80% of days and calling that evidence for your theory is a pretty egregious example of confirmation bias.
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Uh, sure. I provided other examples pretty recently occurring that seem to support the semantic network effect. It’s just this one tended to be easily predictable via it too. There’s no real way to falsify this theory as it is anyway so there’s no real satisfactory proof.
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