The Simplifier
The record · The bank board

The bank board

Every dated gold, silver and platinum target the banks publish, with the close that would grade it. Graded when the window closes. The wrong ones stay.

A bank publishes a target with a level and a window and nothing that could prove it wrong. When the window passes the target is revised, and the first number is gone. This board keeps the first number. Each row is an exact quote with its date and its source, the kill this desk assigned by the one rule below, and the weekly close that decided it. A revision is a new row; the old row stays and is graded on its own window. None of this is in the record's tally. These are not this desk's calls. This desk's own wrong rows are here, and they were on the page first.

The one rule. Held if a weekly close on the target's side of it, at or above for a target above price, at or below for a target below, prints on or before the last weekly close inside the window. Wrong if the window closes without one. A range is graded on its nearer bound. Graded on the TVC weekly close, read off this desk's own chart, the same close every row on the record is graded on; where a close predates this desk's own reads the row says as reported and the figure is replaced when it is read, and a grade never turns on the decimals. A bank's target is usually read as a print on any day; this page grades closes and nothing else, and says so here so nobody is surprised.
PublishedSourceTargetWindowAs publishedGrade
Not on the board, and why

A claim with no window cannot be graded and is not a target; it is a view. Averages for a year cannot be graded on a close. "Toward", "approach" and "could" are not levels. The board leaves them out by name so the leaving out is itself on the record.

How a row gets here

The desk reads the wires and the banks' own research notes as they are reported, on a fixed day each week, and takes a row only when it has an institution, one direction, a level, and a window that closes on a date. The quote is copied, never paraphrased. When the window's last weekly close prints, the row is graded on that close and the result is written beside it, and it does not move again. Seen a dated target that is not here? The desk takes them by message, with the link. One rule, whoever published it.