Tag Archives: The Saturday Essay : For As Long As It’s Legal

John Ward – The Saturday Essay : For As Long As It’s Legal, Gold Is To Have And To Hold – 27 October 2012

During the last 21 days the gold price has fallen around 7%, with only two short-term mini-rallies along the way.  There was another brief one Thursday and Friday last week, but this first morning of the weekend, as I write, the precious metal is just holding above the $1700 line.

Once again, with the advent of crafty Draghi predictions and more QE from Bernanke – and in the absence of any more certain data to go on – gold is heading down towards another low test. Continue reading