John Ward – Eurozone Analysis Special: Gold, Grexit, Draghi And The Petrodollar – A Veritable Wicked Web – 21 January 2015

King Midas in reverse?

The Gold Rush has a distinctly directionalised feel to it. The Slog wonders whether there might be a much bigger game in play

As gold yo-yoes up and down between $1295 and $1303 on the overnight markets, it’s now official: the shiny stuff is on its longest rally for nearly a year. In a level-playing-field kind of world, one would look at the global slump, ClubMed teetering on the brink and Draghi’s desperation, concluding, “Flight for safety – this is the breakout…pile in!”

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