If has never made a difference, the "funnymentals sure worked well lol
All that zillions of printing and the price of Gold goes DOWN!!!!
The QE thesis is dead and buried, the price of Golds is controlled by sentiment simply put no one wants to own Gold, it dont matter how much they are printing.
Big players, hedge funds are buying stocks, they see no value in owning Gold (pays no div yield) nor is the price in an up trend.
Until sentiment changes only then will the power of Gold reverse.
NCM Price at posting:
$8.26 Sentiment: None Disclosure: Not Held
