Quote from: LSteve on Today at 02:13:04 pm
David Hunter's current gold target is $3400. He just posted this...
David Hunter
@DaveHcontrarian
·
4h
My view hasn't changed. I will likely be raising my gold target.
Although your presumptions have not changed (and I am just guessing the context of your reply based on your past replies concerning my posts). My use of mental Game Theory (off the cuff) is based on history, past behaviors(past and present or groups or commodities) of a group of actors or contemporaneous economic happenstance , history and current circumstances is why my predictions have helped me make predictions. Any follower could note that my predictions have a >85% chance of happening. Of note, One investment of which was my selling of ALL tangible assets to go in 100% on metals back in 2004. Another is my prediction 3 months in advance of the 2008 crash, my documented 10,000 crash of shitcoin from 76K years ago, and currently my liquidation in december of last year of things given to me and the holding company said I couldn't predict the next crash when I told them it was imminent. Other instances are predicting what a president(Shrub the 2nd, O'bama, Thump, Bidet) will do before they are elected and what heebistan will do. Chinaistan is a bit more opaque because the communist regime is historically opaque. Russia is decently straight forward, shitcoin is pure game theory if you know that there is a small cabal of initial whale (very large) holders.
Game theory is applied mathematics that is directly applicable to geopolitical situations AND also DIRECTLY actionable for this forum when it comes to economics and investing.
Think of it as a very complex Punnett Square for genetics (I used to use these in highschool) where 2 or more actors whether it be major players in politics or economic situations, one has to think of probable actions, outcomes, modus operandi, cui bono, etc. to fill the square mentally and derive what are the most probable actions/outcomes.
It becomes extremely complex and one must have a very good memory to war game a decently accurate outcome.
I know Martin Armstrong has programmed this exercise into his computer program. I've followed him for many years to know this. What exact algorithm he has programmed, I am not privy to but a large part of it IS in fact, Game Theory. The inputs, however is key to the programs accuracy.
Raising gold target is apropos.
Itis a very interesting subject if it doesn't melt your mind and many economics students do not fully appreciate its acumen.
https://gametheory101.com/