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Gold price: Looking at the big picture

Posted on 26 March 2009

From Stockhouse.com: Short-term moves in the gold market are generally more subject to sentiment swings, reactions to news events and randomness than to changes in the fundamentals. It is, therefore, impossible to consistently predict, and often difficult to explain, the short-term moves.

However, on a long-term basis the gold price generally does what it should do based on our understanding of its most important fundamental drivers, which is why we rarely devote any space at TSI to gold market manipulation. We’ll use the following long-term chart of the gold/CRB ratio (gold relative to a basket of commodities) to illustrate what we mean. ……Full Article: Source


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VRS - who has written 39895 posts on Opalesque Commodities Briefing.


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