by Chris Powell
GATA.org
Dear Friend of GATA and Gold:
A grudgingly approving reference to GATA comes today from the investment research chief of currency trading house BDSwiss, Marshall Gittler, whose essay at FXStreet is headlined “Another ‘Risk-Off’ day, But with Another Fall in Gold”:
https://www.fxstreet.com/analysis/another-risk-off-day-but-with-another-…
Gittler writes:
“The most interesting point of the day, though, is the second day of decline in gold. You might think that a general panic like we’ve seen this week combined with record-low bond yields and expectations of further cuts in policy rates would send the yellow metal soaring further, but Monday was the high and it fell on Tuesday and Wednesday.”