Of all the people in the tech world, Steve Jobs perhaps understood the potential of the Internet better than any of his peers. Bob Moriarty of 321Gold discusses how Jobs’ insight can provide lessons on gold manipulation and what moves markets.
Many years ago Steve Jobs said that the most wonderful thing about the Internet was that it gives everyone a voice. He also stated that the worst thing about the Internet is that it gives everyone a voice.
We have more access to information at our fingertips than any society has had in history. But as a guy running a financial information website for the last 15 years, I have found that while we have access to far more information, much of it is little more than noise. My experience is that all unsuccessful investors focus on noise and ignore signal. . .to their financial peril.
So recently I wrote a book about the basics I think every investor needs to understand to be a successful investor. The book, “Nobody Knows Anything,” may not make you rich but it might keep you from becoming poor. I cover subjects that most writers are afraid to mention, such as manipulation and why it’s meaningless, how news has nothing to do with price action and what four words mark the end of every single bubble.
The conspiracy crowd who believe that every blip in the price of gold and silver is controlled by a “Cartel” located somewhere went into a frenzy in mid-April when Deutsche Bank agreed that, yes, it had manipulated the gold and silver fixes at the expense of investors. Not only that, the bank was quite willing to snitch on its partners in crime.
My reaction was similar to that of Captain Renault in “Casablanca,” “I’m shocked, shocked to find out that gambling …read more