RE:RE:Producer Price Indexfordster wrote: And yet gold falters....Very interesting video on Basel III ....do you think it will have an influence on POG? They said gold could really get volatile. I would really like your take on it, if you have an opinion.
Great question fordster. My best guess is that there will be a deal cut. Rather than let gold float free in the market without a ton of paper transactions holding it down, the BIS will back down on the Basel III rules in some sort of obscure way to make it look like they held firm, put off the change, or outright fold to the pressure.