Loading ...[OK Doofus, if you say so]In order to get a better understanding of what was going on, in last week’s report, we took a closer look at the main drivers of gold prices, which we had identified in our gold price framework (Gold Price Framework Vol. 1: Price Model, 8 October 2015).What we foundwas that a sharp spike in real-interest rate expectations was mostly responsible for the move from $1700 to $1450.As we noted in our March 20 report:
this guy twists himself into a pretzel explaining why gold hasn’t performed but he won’t mention the cartel
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