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Why Has Gold Been Down?
By Jeff Clark, Casey Research
After all, in spite of some short-term fixes, there remains no real resolution to the sovereign debt issues in many European countries. We’re certainly not spending less money in the US, and now we’re bailing out Europe via currency swaps with the European Central Bank. Shouldn’t gold be rising?
Yes, but nothing happens in a vacuum. There are some simple explanations as to why gold remains in a funk. Continue reading
What’s Up with Gold?
By Tim McMahon
I’ve told you in previous articles that Gold is primarily a crissis hedge rather than an inflation hedge meaning that it will do well in both an inflationary or deflationary market. The primary condition is uncertainty. At the moment the markets are getting complacent… they have factored in all the bad news and so gold is drifting lower. Some have suggested that gold has made a double top. Click here or on the chart below to hear some technical analysis commentary by Adam Hewison of Ino.com about the current condition of gold.
