A few basic rules are needed. The problem is knowing what the minimum rules are to function.
Our ( US ) government imposes too many rules and regulations -- growing day by day -- and stifling generally small free interprise.
Our international derivatives markets are essentially a 'free for all', and likely to bring the world's financial system to its knees before any serious international regulation is set up.
http://search.nytimes.com/search/daily/bin/fastweb?getdoc+site+iib-site+26+2+wAAA+brazil
Not to mention the converse.........
Should I make up a dummy invoice?
Got deflation ?
I am more familiar with wavelet analysis for extracting the fractal nature of the time series. Daubuchet's analysis -- usually. The fibonacci series hops out -- qualitatively, anyway. How does your formula relate to wavelet analysis?
Know anything about Wavepacket analysis? I am still looking for a good paper on it.
Thanks. Did you know Kiwi is mathematically inclined as well?
However, there is one item that technical analysis may not tell us, as I suspect it did not in Oct 97, though the trend in the CRB was suggestive at the time. And that is -- another gold 'fire sale'. It is quite clear to me that South America is on the brink, or nearly over it. The IMF's history at preventing financial crashes is dismal so far -- delaying the inevitable, at best. No permantent financial fixes by the IMF. So -- we must be on our toes -- unless we can convince each other that no one will panic and sell gold bullion.
Even then, I doubt gold will go much below 280/oz. But it could do another number on gold equities.
A few more of these gold fire sales, a healthy ( ? ) downturn in the US markets, and gold equities will be a much better long term bet.
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