“Some economists, when thinking about long memory, are concerned that it undercuts the Efficient Market Hypothesis that prices fully reflect all relevant information; that the random walk is the best metaphor to describe such markets; and that you cannot beat such an unpredictable market. Well, the Efficient Market Hypothesis is no more than that, a hypothesis. Many a grand theory has died under the onslaught of real data.” Benoît B. Mandelbrot
02 October 2015
Shanghai Gold Exchange Has 65.7 Tonnes of Gold Withdrawn into China In Latest Week
Week in, and week out.
Physical gold bullion is flowing from West to East.