by Chris Powell
Dear Friend of GATA and Gold:
A few financial journalists and market analysts lately have noted the seemingly anomalous and counterintuitive behavior of the price of gold, which has fallen amid the greatest burst of money creation in history and the explosion of commodity prices.
For example, see “What Happened to Gold?” by Michael Batnick of Ritholtz Wealth Management on February 26:
But these journalists and analysts attempt only speculation, not journalism, which might explain things a lot better.
From time to time GATA does attempt journalism, as manifested by the organization’s documentation archives —