Gold & Silver Surge As Traders Brace For Market Shock, But Here Is What Is So Unbelievable About Today

Monday, March 27, 2017
By Paul Martin
March 27, 2017

On a day where gold and silver are once again surging to the upside, James Turk spoke with King World News about what is so unbelievable about today.

Is It This Easy To Predict The Gold Price?
James Turk: “I have an amusing story to tell, Eric. Anyone who trades gold will appreciate it. Earlier today when the Apr Comex gold contract was up 1% from Friday’s close, I sent a message on the internal Goldmoney system saying:

“Gold is up 1%, so the algos are out. With Comex option expiry tomorrow and OTC option expiry ending Thursday, we are probably at a short-term top for gold.”

Literally minutes later gold was hit by a wave of selling by these “algos.”…

I use this short-hand term for “algorithms,” which are a mathematically derived set of trading rules executed by computers.

We’ve all heard the news reports about high-frequency trading in the stock market, where trades are entered by computers based on mathematical models. These algos are not the same as high-frequency trading, but the principle is the same. They are both computer-based trades that originate from proprietary ‘black-boxes.’ They are trading models that are known only to their creators. But these two approaches to using computers to trade have entirely different objectives.

The Rest…HERE

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