Posted by Frugal on 8th December 2008
With Xmas seasons here, I probably won’t have a lot of posts before the year end.
Here are some of the things that I thought you may want to know:
1. Bob Hoye continued to call for a upward march towards March, and that gold shares have bottomed.
2. There is a backwardation in gold for 2 days, first ever in history. Think about it for a second. Why on Earth do you want not to cash in your gold/silver if you can get 2% more (annualized return) in the next 1 or 2 months? If this happens consistently/persistently, I think the only good answer would be that holders are not sure whether they can get them in 2 months.
3. For those who have spent time reading thru my last link on Armstrong, here is some of my thoughts.
- He played a lot with numbers, which doesn’t have much ground in physics. But it actually got me interested in more decodings of it. As I have always said long time ago that I don’t believe in 3.14159 * 1000, because 1000 is not very meaningful in physics, yet 1000 is the third power of 10. 10 means nothing in physics also. But I just found out where 10 can be fit in. When you walk around the unit circle (with a radius of 1) by 10 divisions (36 degree = 360 / 10), that is the only way to get an Y or X-axis projection of the walked arc to be the length exactly equals to (the inverse of golden ratio)=~0.618. I’m using golden ratio as 1.618, but 0.618 is much more commonly known in the Elliot waves or fractal analysis of financial prices. An X or Y-axis projection in physics usually mean a realization of the physical phenomenon. Most mathematical or physical waves including sines and cosines are projections from unit circle.
I know 99.9% of you are not interested in this, but 10 and 12 are the two most important numbers in Chinese astrology, which creates the famous 60=10*12 year cycle. And of course, 12 is present in Armstrong’s cycle work, as the two complementary private/public cycle of 6. Along the same thought, I did find a number very close to 12 from the golden ratio also. It’s the golden angle which in radians is about 2.399963, from which you can get pi divided by the square of golden ratio is approximately 1.2=12/10. I don’t see any physical meaning for 1.2, except for the fact that 2.399963 is simply way too close to 2.4. That would be a prediction error of 0.0015% if that is actually how 12 is derived.
- Armstrong’s computer had a conversational interface. That is beyond most of the published reports of techonology in his time. However, it is not impossible. Here is a company which created such conversational system in about 6 years. The other extremely important factor to consider is that a conversational computer system is highly dependent on the scope of vocabulary words. With a limited (financial) vocabulary, such systems could easily be created.