Every why hath a wherefore

Kitco gold survey news: The monkeys threw their darts in the right place for a change

Nearly forgot about this in the rush, the news is that the Kitco monkeys with dartboards actually managed to get a prediction right for a change last week, as 57.9% called gold lower and lower it went, by 0.75%. That brings the score to 14 out of the last 35 weeks correct, or 9 “strong signal” weeks correct out of 25 weeks. That’s still a pisspoor record for the self-appointed experts, but just a little bit less bad than thgis time last week.
As for the week coming, the majority is 45.8% bearish, with 29.2% neutral and 25.0% bullish. So no strong signal given this week and let’s see how they get on.

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