Jim Rickards - great summary of what is going on
http://www.bloomberg.com/video/fed-tapering-into-weakness-tangent-s-rickards-says-cYc~gR9dSmSqz2gdI7i0Ig.html
http://www.bloomberg.com/video/fed-tapering-into-weakness-tangent-s-rickards-says-cYc~gR9dSmSqz2gdI7i0Ig.html
Rickards acknowledges what I've been saying all along. Gold is stable, the USD fluctuates and rigged pricing distorts. Any analysis of Gold priced in USD is likely meaningles. That's exactly his view. Replay if necessary.
ReplyDeleteThe corollary is that EW in USD is wrong as well. W