It is a contradicting view.. He probably means US QA pumped the stock market and reduced the attractiveness of Gold.. That view may be true before the Swiss central bank pulled the rug under the Euro.
Gold fundamental has changed since the Swiss bank action.. The ECB is expecting to print more paper (500 billion) Euro to buy back bonds, and stimulate inflationary effect. Bankers in the US is now expecting the QE 4...
The only proper way for Gold to react from all these macro financial conditions is ... you guess it... up and up....
BDR Price at posting:
35.7¢ Sentiment: Hold Disclosure: Held
