07.10.2013 - Why is is the gold market so focused on tapering? Other factors are more important
Rumours of U.S. Fed tapering drive the gold price down. Decisions not to taper see it rise again, although often not to the level from which it has fallen. Meanwhile, the general stock markets continue their upwards paths. Detractors say gold is in a bear market, if not deflating from a bubble situation. Yet perhaps the markets in general are in more of a bubble situation than gold and should be seen as being even more vulnerable to tapering than the gold price. What much of the investment community seems to ignore is that the big increases we have seen in the Dow, the S&P, the FTSE, the Dax etc. since 2008 have really been driven most by Quantitative Easing in the U.S. and Europe...............................................Full Article: Source
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