Mr. T Gold Indicator Pities the Bullion
Will the latest box office smash mean a flop for gold?
"Houston, do we have a flop?" Not so fast.
Here we are, barely into the fourth weekend of release, and the film's domestic gross has already passed the $80 million mark.
"Bullion, we have a problem."
What those box office figures mean is that this film will easily surpass the total box office gross for Mr. T's last big hit, Rocky III, which pulled in $125 million domestically over its run. And it will probably even surpass it this weekend.
Sorry about that, gold bugs. I was holding out hope for you, I really was. But this gerenates a definitive sell signal on Minyanville's Mr. T Gold Indicator. After all, the last time Mr. T appeared in a widely released animated production was the 1999 television series Sabrina: The Animated Series. Ever heard of it? Then the Mr. T Gold Indicator rests its case; 1999 was a bitter low point for gold.
Is there no hope? Are gold investors now doomed in the same way they were in 1982, at gold's last major peak? Well, fear not inflation hawks, it's true we are comparing apples from 1982 (the year Rocky III was released) to 2009's oranges. Perhaps in this case inflation is our friend?
Adjusted for inflation, Cloudy with a Chance of Meatballs will need to rake in almost $300 million to beat to the lifetime domestic gross for Rocky III. That's a lot of dough. But we're almost a third of the way there in just the fourth week.
Factoring in foreign release, DVD sales, video games and licensing - domestic gross aside - this thing is a hit... and the one feeling the full brunt of that blow is going to be gold.
For those not familiar with the astonishingly accurate Mr. T Gold Indicator, let's review.
What is the Mr. T Gold Indicator?
The Mr. T Gold Indicator is a proprietary technical indicator created by Minyanville to identify and anticipate prospective exhaustion points in the price data for gold. Some technical indicators rely on formulas applied to the price data of a security, but these types of indicators can be very subjective, requiring an analyst to view the signals that are generated within the context of still more indicators! The Mr. T Gold indicator, on the other hand, is completely objective and easy to use. All you have to do is look at Mr. T. What could be easier than that?
Minyanville's Mr. T Gold Indicator FAQ's
How Does the Mr. T Gold Indicator Work?
Good question. The Mr. T Gold Indicator is based on the five-square series of price points using 0.9444 for downside trend factors and 0.5556 for upside trend factors, multiplying either 0.9444 or 0.5556 by the close of the high (or low) that's referenced by the first series of price objective within the oscillating trend channels.
Hahaha! Just kidding (although it would be cool if that really was the Mr. T Gold Indicator formula).
The truth, however, is the Mr. T Gold Indicator is simply based on the appearance and popularity of Mr. T. Minyanville has discovered that over the years Mr. T's appearance and popularity is simply a subconscious reminder telling us when the yellow metal has reached an important price peak.
Surely, you cannot be serious. Do you think I am a fool?
Shut up, fool! Look, this morning we awoke pitying the fool; not a specific fool, mind you, but just pitying the fool in general; the very idea of foolishness. You know that thing which makes one a fool? We pity it. Whatever it is. And we're not alone. Someone else pities the fool. Do you know who? That's right. Mr. T pities the fool.
The reason Mr. T pities the fool is because Mr. T knows his gold. In fact, Mr. T developed his gold-wearing ability during his days as a bouncer, confiscating the gold jewelry of those he kicked out of nightclubs as a symbol of his toughness and virility.
Mr. T knows human behavior, and he knows gold. So who are you going to believe? Some pinhead precious metals analyst at Bigwig, Doofus, and Booyah Securities? Or Mr. T? Shut up, fool! You're going to believe a guy whose first name is "Mister", middle name is "period", and whose last name is "T"!
Now, at this point there will be some doubters. We understand that. So below, we take a look at the Mr. T Gold Indicator in action from 1982 to present.
Mr. T Gold Indicator in Action (1982 - 1994)
At this point you're probably thinking, "Quit your jibba jabba." Does the Mr. T Gold Indicator work? How good is the Mr. T Gold Indicator?
Rest assured, the Mr. T Gold Indicator has been weighted, smoothed, eyeballed, and thoroughly back-tested for generalish accuracy using both the Internet Movie Database (IMDb) and Wikipedia (the free, somewhat accurate encyclopedia that anyone can edit, even that guy who works in your building with the weird comb-over and Charlie's Angels lunch box... and the more we think about it, probably especially him!). Let's take a look at the historical accuracy of the Mr. T Gold Indicator.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.
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