If you extrapolate the future using the past result, you are saying the conditions are replicated. In other words the economic conditions are the same. The same traders and mind set buying or selling. The same govt policy on politics and leverything else is the same. The reality is somewhat different hence the foundation of that logic is flawed.
A bit like religion, some believe in God while others "knows" it exists even though your eyes says otherwise. Skol has made his maker even though still living a morta life on earth. The power of that "believe".
Don't know what yellen said but the gold reaction is neutral price in AUD I have to presume.
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don't (can't) break the china folks: it's gold?dmj, page-20
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