Yep our pro gold pundits have been wrong for a long time, but I don’t really blame them. Who can make a call with this constant manipulation going on?
I was gone the last hour and didn’t see that nice PM comeback, but that’s ok … I’ll take it anyways. 🙂
That bond action is pretty crazy … if it starts lifting the rates that the govvy pays then the impact could be huge. I imagine the printing presses will be going full tilt if that happens. Onward to QE3 … or is it 4?
Have a great evening!