Gold has just hit a fresh all time record (with equity futures down), as the world has finally awakened to the central banker ruse. With spot touching at $1,293.5 perhaps all those seeing some reversion to the mean occuring in the metal would be better advised to look for a career as robot algos, that do nothing but seek std dev divergences from a VWAP mean. In the meantime, gold will continue to chug along to $5,000+, now that FX interventions is how the central bankers of the world will be spending all their trading hours.
Join us on our
Share this page with your friends
on your favorite social network: