The FREE Investment Newsletter That Really Works!
In today's Free investing newsletter, we look at the problems with predicting things. There are many, but most of them begin with the old computer adage that if you put garbage in, then you'll get garbage out. Well to predict the future, whether it's a stock price or the economy, the problem is that the information you are basing your assumptions on, are often perverted.
We also talk about the "big 3" on Thursday. We get the Comey testimony, we get the UK vote and we get the word out of the ECB concerning rates and their QE program. It's a lot to hash out.
A prediction (Latin præ-, "before," and dicere, "to say"), or forecast, is a statement about an uncertain event. It is often, but not always, based upon experience or knowledge. There is no universal agreement about the exact difference between the two terms; different authors and disciplines ascribe different connotations.
The free letter is up for the weekend and in it we look at the new digital currency backed by a gram of gold, called cunningly enough "OneGram". We talk about how or if this is going to affect the gold market, since it will allow Muslims that were barred from using gold for transactions, to begin. Estimates are that if just 1% start using gold assets, it will create 1000 tons of demand per year.
Of course we mention the new all time highs too. They seem pretty common lately, despite the obvious slowdown in jobs and manufacturing.