Sunday, 21 July 2013

Market Watch: Bernanke is only partly right about gold

SAN FRANCISCO (MarketWatch) — Federal Reserve Chairman Ben Bernanke said no one, including himself, understands gold prices, but that doesn’t mean you can’t.

“Nobody really understands gold prices and I don’t pretend to understand them either,” Bernanke said during the Senate Banking Committee hearing on Thursday.

He’s not too far off the mark. It’s more like: gold is difficult to understand and it takes a lot of work to analyze the factors and their influences on the precious metal.

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