LOS ANGELES, Nov. 2, 2016 /PRNewswire/ -- On June 25th 2015 an opinion piece entitled "What's the Matter with Polling?" by Cliff Zukin was published in the New York Times. In it, Mr. Zukin detailed how the rapid adoption of cell phones and rapidly diminishing numbers of survey respondents has hindered the ability of public opinion researchers to conduct accurate polling.
Millennials, who represent 56% of America's eligible voters, are one of the largest demographics in the U.S. who are slipping through the cracks with most public opinion polls. Since 85% of Millennials own a cell phone instead of a landline, Millennials cost twice as much to reach since regulatory restrictions prohibit calling cell phones - not landlines - with an autodialer.
The generational shift from landlines to cell phones, combined with the Millennials' waning desire to take surveys, is rendering opinion polls worldwide unreliable and making it ever more difficult to predict outcomes in politics and financial markets. Just last week, when every poll in Colombia had predicted the passing of a referendum vote for peace with the rebel guerrilla army, FARC, 50.22% of Colombians rejected the peace deal and sent the Colombian peso plunging.
Here at home, most recent polls predict that Secretary of State Clinton will win the election and that belief has been priced into the markets in much the same way that 'Bremain' was priced into markets prior to the 'Brexit' vote. Jack Hanney, a senior partner with the nation's leading gold IRA dealer, Patriot Gold Group, states that the "Associated Press and Reuters polls got the Brexit referendum wrong and they're going to get the U.S. presidential election wrong too." His logic is supported by recent political polls that incorrectly forecasted elections in Turkey, Scotland, Canada and Greece.
Jim Rickard, author of the book "Currency Wars: The Making of the Next Global Crisis," goes one step further than Hanney to say that "Trump will win, the Dow will drop over 1,000 points and gold will gain $100 overnight." These sentiments are shared by many leading political and precious metal analysts who are hedging their bets as it's widely believed that if Trump does pull a Brexit-style upset, gold and silver will move up as much as 20% within a week from today.
In a country whose government was founded 238 years ago to protect every citizen's right to life, liberty and the pursuit of happiness, who'd have predicted living in the constant state of fear created by terrorism, systemic corruption, rising inequality and economic recession? If nothing else, the sad state of affairs in America today demonstrates that any outcome is possible. And the polls are no different.
Take heed of the recent warnings from the Huffington Post and Wall Street Journal: "the world will look so different six months from now" that Americans should "prepare themselves for the recession [and] hide in gold."
Sterling fell, equities slid, Chinese markets got a helping government intervention hand again, and gold climbed over concerns U.K. Prime Minister Theresa May is prepared to lead Britain out of the European Union's single market and as the U.S. President-elect suggested other countries could break from the bloc.Read More
By U.S. stocks have had an incredibly run over the last two months and even at these record-breaking levels there are still profits to make - at least until March, when it will be time to run for the hills, says Goldman Sachs strategist David Kostin See full story.
Gold futures drove their winning streak to four days in a row Thursday, their seventh gain in eight sessions, and posted a new, more than 7-week high. Gold for February delivery advanced $3.20, or 0.3%, to finish at $1,199.80 an ounce on the Comex division of the New York Mercantile Exchange.
Kicking off a yearlong celebration of its 225th anniversary, the United States Mint unveiled the 2017 American Liberty High Relief Gold Coin in a ceremony today at the Department of Treasury in Washington, D.C. Highlights of the anniversary coin include an ounce of .9999 fine gold, an increased level of detail, raised edge lettering with stars, and a 1792-2017 duel date.Read More
For the first time since before Thanksgiving, the price of gold has risen above $1,200 (now up 13 of the last 15 days) and outperforming all other asset classes year-to-date. This latest jump comes as the USD Index tumbles further post-Trump's press conference, breaking below the key 50-day moving-average for the first time since September...
Gold has risen above $1,200 (now up 13 of the last 15 days)Read More
By Gold prices on Thursday climbed back above the $1,200 mark for the first time since November, as the dollar fell on disappointment that President-elect Donald Trump didn't provide more details on his economic plans at a closely watched press conference.Read More
Gold futures extended their gains to three sessions in a row Wednesday, for their sixth win in seven sessions, and ended at a more than 7-week high. Gold for February delivery added $11.10, or 1%, to close at $1,196.60 an ounce on the Comex division of the New York Mercantile Exchange.Read More
Investors wait for Trump news conference * Political uncertainty also emanates from Europe * Palladium prices could see correction -analyst (Recasts, adds comment, changes dateline from Bengaluru) By Pratima Desai LONDON, Jan 11 Gold hit six-week highs on Wednesday as investors worrying about political uncertainty bought the precious metal, but dollar strength due to higher U.S.Read More
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