Wednesday, July 15, 2015

World Complex says something something gold, something something phase-space

World Complex - something something gold, something something phase-space. Wherein we are presented with an update to a gold price phase-space squiggle:

Got that?

Um... me neither. I think I used to understand this stuff once, but maybe I recently purged that section of memory to make space for fantasies about Naomi Watts.

But at least it gives me the opportunity to print an update of this chart:

Wherein we see that, despite the present wailing and gnashing of teeth, and despite the futures market being 90% short gold, it still hasn't broken down in Euros.