Wednesday, November 5, 2014

Credit Where Credit Is Due: Puking Camel Edition

In yesterday's "Chartology: Gold Is Exhibiting The Rare Vomiting Camel Pattern" we took it for granted that CNBC had triple-sourced the veracity of this Brian Kelly when he presented the chart pattern without attribution.
Never again.

Today we are informed by FT Alphaville's Markets Live consigliere (to Capo di tutti capi Paul Murphy):
This is the transcript of the Markets Live session ending at 12:07 on 5 Nov 2014. Participants in this session were: Bryce Elder Paul Murphy
BE Hi. Welcome. Hello.
BE Happy Set Fire To a Heretic Day.
PM ??
BE Guy Fawkes, as it’s known in the UK.
PM Oh yeah!
PM Torture him first
BE Without Guy Fawkes we wouldn’t have had Hamlet, with is an odd thing to consider.
BE Anyway ….
BE Portrait ….
BE
BE The Vomiting Camel.
BE In this case, gold.
BE As noted by CNBC overnight.
BE Which, bizarrely, didn’t credit Katie Martin of WSJ for the chartism.
PM hehehe
PM Well you have now
BE That’s like referencing Fibonacci without referencing Fibonacci.
PM Why havent we hired Katie yet?
BE Good question.
 
11:04AM
PM You know im behind the curve Bryce
PM But what’s going on with the Footsie???
BE How on earth should I know?
BE FTSE up 0.9%
BE Or 58 points in old money.
...MORE

Kelly fessed up that the chart wasn't his around 7 am EST this morning:
 
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