Two Years Later: Gold Was Right About The ‘Dollar’

Two Years Later: Gold Was Right About The ‘Dollar’ As Economists Should Have Been Far Less Giddy About It All by Jeffrey P. Snider Alhambra Investment Partners A little over two years ago, in the middle of April 2013, there was a gold crash that came seemingly out of nowhere. Worse, for gold investors anyway, that crash was repeated just a few months later. Where gold had stood just shy of $1,800 an ounce at the start of QE3, those cascades had brought the metal price down to just $1,200. For many, especially orthodox economists, it heralded the end of the “fear trade” and meant, unambiguously, that the recovery had finally at long last arrived. Read the full story here... http://www.alhambrapartners.com/2015/05/26/two-years-later-gold-was-right-about-the-dollar-as-economists-should-have-been-more-less-giddy-about-it-all/