by Chris Powell, GATA:
Dear Friend of GATA and Gold:
Richard Russell’s Dow Theory Letter (http://ww2.dowtheoryletters.com/) sent a deputy to the New Orleans Investment Conference and today took note of your secretary/treasurer’s presentation there.
An excerpt from the report:
“I tend to agree with the negative short-term prognosis for gold. The fact that the metal hasn’t rallied amid continued QE sends a signal that something is off. Investors may be liquidating their positions in anticipation of further weakness that could accompany the reduction in bond purchases
Please follow SGT Report on Twitter & help share the message.