Sunday, March 7, 2021

Tag: MSM Gold Reporting Becomes More Absurd By The Day

MSM Gold Reporting Becomes More Absurd By The Day

by Dave Kranzler, Investment Research Dynamics:

I sent this article linked to Chris Powell and Bill Murphy at GATA for a good chuckle.  Chris has turned it into worthwhile commentary:

Practially every day prompts those who consider themselves market analysts to contrive explanations for movements in the gold price, no matter how implausible. Zaner Metals in Chicago attributed today’s slight decline in the gold price to concerns about the new virus that has appeared in China:

Investors in gold are undecided about the coronavirus, with early indications that it could hurt bullion demand in China as much as boost safe-haven buying. So the yellow metal dipped again today, while palladium rebounded, making a new record high in futures trade…