The Phaserl


Wrong Question About Gold?

from The Daily Bell:

Gold set to shine again in recovery from worst quarterly drop in 113 years … Could there be a ray of light in sight for the goldbugs? Those with a bullish view on the metal have certainly had that faith challenged in recent months. Gold posted its worst quarterly performance in more than a century for the three months to the end of July, analysts at Macquarie calculate. Specifically, the metal ended the second quarter of 2013 at $1,192 (£782) an ounce, its lowest since August 2010 and representing a fall of more than 25pc below its level at the start of the quarter. But now analysts are starting to suggest that the gold price may be bottoming out, or at least be close to that point. – UK Telegraph

Dominant Social Theme: We just need to know which way this investment is headed.

Free-Market Analysis: For us, asking the direction of gold prices relative to the dollar in the immediate future is perhaps the wrong question.

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