The following video shows of the typical differences of how market participants operate.
Peter Schiff here staunchly defends the bullish case of gold based on fundamental long term perspective against a gold (short term) bear chartist. (hat tip: Bob Wenzel)
Charts or trend patterns are usually interpreted based on the underlying bias of the technician.
Moreover, the video wonderfully exhibits the stakeholder's dilemma at work-where the incentives to secure knowledge are driven by the degree of stakeholdings.
Such conspicuous nuances can be seen from the perspective of the institutional "analyst" who lack the meticulousness in her analysis of the gold market (because she don't have exposures on them) and of "equity holders" (as represented by Peter Schiff) who has direct stakeholding on gold.
The contrast of incentives frequently leads to the principal-agent problem or ethical dilemma. It is just in this case, the equity holder has been in command of the situation and is aware of the weakness of the analyst. In usual cases, it is the latter that influences the former.
Peter Schiff here staunchly defends the bullish case of gold based on fundamental long term perspective against a gold (short term) bear chartist. (hat tip: Bob Wenzel)
Charts or trend patterns are usually interpreted based on the underlying bias of the technician.
Moreover, the video wonderfully exhibits the stakeholder's dilemma at work-where the incentives to secure knowledge are driven by the degree of stakeholdings.
Such conspicuous nuances can be seen from the perspective of the institutional "analyst" who lack the meticulousness in her analysis of the gold market (because she don't have exposures on them) and of "equity holders" (as represented by Peter Schiff) who has direct stakeholding on gold.
The contrast of incentives frequently leads to the principal-agent problem or ethical dilemma. It is just in this case, the equity holder has been in command of the situation and is aware of the weakness of the analyst. In usual cases, it is the latter that influences the former.
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