.....despite market conditions:
http://preview.tinyurl.com/diehl-gold
.....despite market conditions.
http://preview.tinyurl.com/diehl-gold
Gold price went down a lot during the last
years.
Did the market discover that the Fed's policies
were not going to lead to inflation ? NO.
The only new info was that China and Japan were to
introduce loose-money QE. Both of these developments
were good for gold.
Did the markets discover that ETF's were
selling gold ? NO.
Did the markets discover that the gold demand
from China and India was offsetting these ETF's
sales ? Probably NO.
The markets discovered a bogus rumour that European
central banks might sell their gold reserves. Did the
price recover when it the markets discovered that the
rumour was bogus ? NO.
