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Gold Drives Silver

- Adam Hamilton - Zealllc

Exhibit A: >>>As statisticians love to point out, correlation does not imply causation.Silver and gold are indeed highly correlated, their price action deeply interrelated.So mathematically at least, the case for silver driving gold is equal to the one for gold driving silver.<<<

Exhibit B: cau·sa·tion noun \kȯ-ˈzā-shən\ : the act or process of causing something to happen or exist : the relationship between an event or situation and a possible reason or cause.
Full Definition of CAUSATION: 1 a: the act or process of causing b: the act or agency which produces an effect

You wrote the entire article clearly and distinctly asserting that gold DRIVES silver price. That is the definition of 'causation'. Then you explain that statisticians assert that correlation does NOT imply causation. Obviously silver and gold are HIGHLY correlated, but nothing in anything you have written or demonstrated in this lengthy piece overcomes the foundational concept that in all of that record of correlation, there isn't any meaningful evidence of CAUSATION or DRIVE being asserted from gold TO silver. The little kernel of truth that destroys the argument is imbedded within the article.

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Beginning of the headline :Investors’ interest in silver is starting to rebound after last year’s carnage.As capital prepares to return to this beaten-down asset, many investors are wondering how to game silver price action.Gold is the key.The white metal closely mirrors and amplifies the price action in the yellow one.Gold is not only silver’s primary driver, but its overwhelmingly dominant one.Gold is critical for timing silver buying and selling.The more years you spend trading precious metals, the more self-evident th... Read More

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