Why are Precious Metals Analysts and Financial Experts so Cautious?
Why is it that precious metals analysts are frequently so resistant to recognizing or accepting reality? Many technical chartists seem welded to the lines and shapes in front of them. How useful is a gold chart using data which spans a period of less than forty years, the time since President Nixon took the US dollar off the fixed price gold standard in 1971? Extrapolating trading patterns and imposing conclusions from other investment sectors is just not a valid alternative. Those of us who rely on economic fundamentals also tend to exhibit excessive timidity.Of course there is no shortage of financial experts conversant with the broader financial markets, many of whom it seems make their living denigrating commodities generally and precious metals in particular. Their negative line of thinking remains current even after nine consecutive years where gold bullion, valued in US dollars, has experienced year over year price gains. Stated another way, over those years the gold price has r
