Why Not Call the BIS Before Contriving Explanations for Gold’s Direction?

by Chris Powell
GATA.org

Dear Friend of GATA and Gold:

Practially every day prompts those who consider themselves market analysts to contrive explanations for movements in the gold price, no matter how implausible.

Zaner Metals in Chicago attributed today’s slight decline in the gold price to concerns about the new virus that has appeared in China:

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