Thursday, September 12, 2013

Gold and the Efficient Market Hypothesis

In answer to a commentator on the Alphaville post "A gold surplus + no more Indian buying = ?":
_nate_ | September 12 10:42pm | Permalink I thought you guys advocate efficient market theory, where as the article references support levels, is the use of support/resistance consistent with EMT? 
I can't speak for the denizens of the 'ville but here at Climateer Investing we believe in the semi-strong form of EMH, i.e.
Something happened at 9:00 last night, was instantly incorporated by market participants into their valuation models but who, inexplicably, took 18 hours to drop gold's price 3%:


Or not. Get outta here with that EMH stuff.