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VIDEOHas the Mr. T Gold Indicator Given a Sell Signal?
By
Kevin Depew
Jun 11, 2010 10:30 am
The new A-Team movie opens this weekend, so does this mean gold is in for a fall?
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With the new A-Team movie set to open June 11, is it possible this generates a sell signal on the Mr. T Gold Indicator? What about the fact he's not actually in the movie? Does it still count? Anxiously awaiting what to do with my massive hoard of gold I am sitting on (literally!) in my basement.
Still waiting,
Minyan Andrew
Sent from my Apple iPhone
Minyan Andrew is among the legions of gold hoarders, with the possible exception of Paulson & Co. whom we understand have increased their gold holdings to more than one-third of their total assets under management, desperate to know if the new A-Team movie has generated a sell signal for the somewhat reliable Mr. T Gold Indicator.
First, let's review the details of the Mr. T Gold Indicator and what it's based on.
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 FAQs
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 can't be serious. Do you think I'm 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.
Click the chart below to enlarge and see a description of each turning point in gold based on the Mr. T Gold Indicator.
Gold 1981 -1994
Mr. T Gold Indicator in Action (1995 - 2005)
Click chart below to enlarge and see description of each turning point in gold based on the Mr. T Gold Indicator.
Gold 1995 - 2006
Present
So, here we are, the new A-Team film is opening and it seems like a perfect opportunity for Mr. T to capitalize on a little '80s nostalgia and rejuvenate his career. There are a couple of issues, however.
First, the role Mr. T made famous, that of Sergeant Bosco Albert "BA" Baracus (trivia: B.A. actually stands for Bad Attitude), is being played in the movie by Quinton "Rampage" Jackson. While there have been rumors of a cameo in the film by Mr. T, that seems like wishful thinking among Mr. T fans. Second, there's the issue that gold is an asset class that acts as a hedge against currency debasement, sovereign defaults, and both inflation and deflation. Can we really expect the fate of gold as an asset class to hinge on the ups and downs of the career of one man, a mere actor (albeit a very popular one we've long admired!) who just happens to hail from the mean streets of Chicago and who made a name for himself wearing massive amounts of gold? The answer, of course, is hell yeah we can! This is Mr. T we're talking about, fool! Don't make me mad!
Lastly, for those who insist on being non-believers, or who question whether the A-Team movie can impact the career of Mr. T since he's not even starring in it, consider this:
"With The A-Team coming to the big screen on June 11, the original The A-Team is coming to DVD in a Complete Series set on June 8," according to the website discdish.com. "Who needs Liam Neeson, Bradley Cooper, Sharlto Copley, and Quinton ‘Rampgae’ Jackson (respectively playing Col. John “Hannibal” Smith, Lt. Templeton “Faceman” Peck, Capt. “Howling Mad” Murdock, and Sgt. Bosco “BA” Baracus in the new A-Team movie) when you can have George Peppard, Dirk Benedict, Dwight Schultz, and Mr. T from the ’80s TV show?" Who needs them indeed.
Mr. T Gold Indicator Current
Also, for a refresher course in the indicator from Mr. T himself, see Hoofy & Boo's exclusive interview, fool!
No positions in stocks mentioned.
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