Gold Is Golden

Fight Club is back, and could there be a better opening bout than to duke it out over gold?

The barbarous relic is always controversial, but the battle lines are being drawn after the April stash crash that caused the price to return to levels of two years ago. (I call it the stash crash because the correction, apparently, was caused by odd disruptions in the physical market trading systems.) Normally in a Fight Club we argue over the fundamentals, valuations, sentiment and technicals, but gold is a special case. There are no fundamentals, no earnings or cash flow. With gold, the analysis relies on macro factors (including monetary policy) combined with non-quantifiable sentiment factors. ...1129 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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