from TF Metals Report:
To me, the evidence is conclusive. Let’s see if you agree.
In college, I had a physics professor who, every time he demonstrated a mathematical formula, would conclude his work with “QED”. There’s a reason for this and I’ll let wikipedia sum it up for you:
“Q.E.D. is an initialism of the Latin phrase quod erat demonstrandum, originating from the Greek analogous hóper édei deîxai (ὅπερ ἔδει δεῖξαι), meaning “which had to be demonstrated”. The phrase is traditionally placed in its abbreviated form at the end of a mathematical proof or philosophical argument when what was specified in the enunciation — and in the setting-out—has been exactly restated as the conclusion of the demonstration. The abbreviation thus signals the completion of the proof.”
Well, after Wednesday night’s Comex delivery reports, QED is also how I feel regarding the JPM NET LONG position I’ve been harping on for months.
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