Sunday, March 4, 2012
What caused the pullback in Gold Prices
We saw see a pull back in Gold Prices right after Bernanke's speech. I believed this occurred because the market was pricing in full blown QE3, however I think there will only be tinkering at the edges/a smaller program. I also thought there could be a pullback based on the old "buy the rumor, sell the fact". so What caused the pullback in Gold Prices ? : Dominic Frisby, of the GoldMoney Foundation, interviews both Jonathan Davis, economist and wealth manager, as well as Michael Hampton, who is an author private investor and trader based in Hong Kong. They talk about the recent pullback in gold prices, the possibility of a major downturn in the markets and the London housing market.