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Using CPI to price gold: Garbage in, garbage out
2:21p ET Monday, July 7, 2014
Dear Friend of GATA and Gold:
Financial letter writer Mark Hulbert comes close to the bottom of the barrel with his latest commentary bashing gold, lauding a Duke University finance professor for his gold price prediction formula based on ... the Consumer Price Index.
As they apparently don't get out in real world much, maybe only university professors and financial letter writers still find the CPI plausible and not a primary mechanism of government disinformation.
Hulbert's commentary might better be headlined "Garbage In, Garbage Out," but instead it is headlined "Gold Might Be Up This Year, But It's Worth Only $800" and it's posted at MarketWatch here:
http://www.marketwatch.com/story/gold-might-be-up-this-year-but-its-wort...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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