ROBANDCOLL, Thanks for the kind words. Re my last comment, I've rerun the regression of CQT's 12-month price history as f(daily COMEX gold price). For statistic-lovers, here are the results:
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Regression Statistics Multiple R 0.456835759 R Square 0.20869891 Adjusted R Square 0.205429071 Standard Error 0.115558479 Observations 244
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To measure 'explanatory power,' I always focus on the R SQUARE. In layman's terms, this regression means roughly that the COMEX daily gold price (in US$) explains about 20.9:% of the variation in CQT's share price. (Guru level statisticians will undoubtedly quibble with that interpretation, but I reckon it's better to be roughly right rather than wrong with perfect accuracy!)
So that leaves almost 80% of CQT's share price movements attributable to other factors. Note that this regression indicates a greater relationship (20% vs 15%) compared to the last time I ran it, but it's still only [ 2 x the tip of the iceberg! ]
CQT Price at posting:
44.0¢ Sentiment: None Disclosure: Held