In a special edition of their podcast-show the Canadian financial analyst Rob Kirby and the financial journalist Lars Schall talked about the recent plunge in the price of gold and silver (which was actually in one case an extremely unlikely standard deviation event of estimated 8+) and other related topics.
By Lars Schall
Here’s the podcast, recorded Sunday, April 28, 2013:
The link for the podcast is:
With regards to the 8 Standard Deviation Move, that Rob Kirby mentioned, see here for example.
Related to “the recent smash in the paper gold market“ and the question “whether it may signify that Western government gold reserves, particularly U.S. gold reserves, are a lot larger than reported, or if world gold holdings generally are a lot larger than estimated,“ you may want to read: So where’s all the gold coming from?
Rob Kirby, who is the publisher of the “Kirby Analytics Newsletter“ and a consultant to the Gold Anti-Trust Action Committee (http://www.gata.org/), was born 1960 in Halifax, Nova Scotia, Canada. He studied Economics at York University in Toronto. Upon completion, he went to work in the Bay Street, the financial district in Toronto. He served on an institutional trading desk for most of the 1980s and right up until 1996. For 11 years he worked at Prebon Yamane, an international inter-dealer broker, and one year at Freedom Bond Brokers (now part of Cantor Fitzgerald). Afterwards he spent two years at Garban Inc., another inter dealer bond brokerage in Toronto. In 2002, he went to work for Investor’s Group, the largest Mutual Fund Company in Canada, and stayed there up until 2004, when he resigned to write about the markets. His website is: http://www.kirbyanalytics.com/. Mr. Kirby lives in Toronto, Canada.