Prescient Metals: Silver and Gold Called It

Congrats, I guess, to the New York Times’ Nate Silver, who called it.  He backed up his projection of an Obama win with his reputation and his money.  I hate that he was right, but you have to admire someone who lays it on the line like that.  I began to suspect things were going to go his way while the polls were still open and gold was climbing nearly 2% on the day.  A move like that on no news and a flat EUR/USD meant that some connected hedge fund guys had inside scoop that Ben Bernanke’s printing press was safe, and were putting their (clients’) money on the line as well.

About Conrad

Conrad O'Connor is the nom de web of a tax lawyer working in Atlanta, Georgia.
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