by Brian Maher
Daily Reckoning
What — precisely — is amiss with gold?
Has the Midas metal… lost its Midas touch?
For 18 months the monetary and fiscal authorities have rampaged, banging along with all brakes off.
They have carried on at a gait truly astounding.
Meantime, inflation finally appears to be rubbing the sand from its eyes and stretching its legs.
And yet gold has wallowed, lolled and languished, despite all the money-spewing. Worse — gold has gone $150 backward this year.