“Be still, and know that I am God;
I will be exalted among the nations,
I will be exalted throughout the earth.”
Psalm 46:10
Gold and silver rallied as the Dollar dumped.
Stocks waffled around.
Have a pleasant weekend.
“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