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vox kadavergehorsamkeit
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My Challenge To “Whistleblower” Andrew Maguire

- Dan Dontrose - The Fundamental View

How very sad. You would seem to be a most confused true believer.

Let us strip away all the extraneous matter littering your position and examine the truth of the claim that YTD profits per gold contract have been $98K. The multiple trades in and out part has nothing whatsoever to do with how any particular contract performed. The cost of the contract is completely immaterial to the question under examination, so we can ignore that as well. That it is scalable is also quite beside the point. We are looking at how 1 contract performed, no more, no less. (BTW, you have no idea what the term "performance metric" means, for if you did, you would know that you have misapplied it.)

Now, down to reality. When you exit a trade, that is it. It is over and done with. Either you have made a profit, broken even, or you have taken a loss. Should you wish to get back into the market after exiting a trade, we would then be looking at a brand new contract. How it performs has nothing to do with how the one just exited performed. As there are no more than 100 troy ounces in a contract and as gold has neither gone up nor down $980 since the year has begun, it is MATHEMATICALLY IMPOSSIBLE for the claim to be true. The maximum possible profit per contract would be in the neighbourhood of $37,000 had it been purchased at the start of the year and sold at the low of April 15th. The numbers do not lie. As for Maguire, if you have accurately described his claim, the same cannot be said. Myself, i believe that you have unintentionally misrepresented his claim. i mean, he could not be so stupid as to claim something that a 7 year old, armed with a pocket calculator, could so very easily demonstrate to be false.

As for double D, if memory serves, he said that he got out of the market. Whether his advice was good or bad is completely beside the point of his post. Why you would need to know that in order to determine if Maguire is who he says is a mystery to me that i would prefer you not attempt to clarify, for i really do not care.

This, by the way, will be my final word on the subject, so please feel free to disparage my reading comprehension skills, my ability to deal with complexity or anything else you care to throw my way. It may bring you some small measure of satisfaction to do so, but it will not change the fact that the numbers are what the numbers are. There is just no way to get around them.

“One seldom discovers a true believer that is worth knowing.”--H.L. Mencken

Commented 3988 days ago

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Beginning of the headline :Readers of my blog have known for quite some time now that I grew increasingly agitated with the charlatans pumping the gold and silver price suppression memes over two years ago and have been quite vocal about it on many occasions. I want to be clear about this point before I continue. My beef isn’t with people who buy gold and silver or who feel that a portion of their portfolio should be devoted to gold or silver ownership. My beef isn’t with people that make well thought out arguments for... Read More

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