Templeton said to buy on max bad news. On the other hand I do not see bad news. All of the fundamentals for gold are still in place. All of the world currencies are still printing money like there is no tomorrow. Tapering should be included in the price as gold dropped early in the year for that reason and tapering has not yet happened. This is nuts, Fundamentals vs sentiment. Just my thoughts. Live Long and Prosper
The markets should always be correct in that it bears what it will pay. However the golds should be in a rally move as stimulus is highly unlikely to be tapered at all for a long time. This devalues currencies and respectively increases the price of gold. This is part of the overall plan of all countries to devalue their debt with inflation. Stupid is as stupid does I guess. I will continue to follow the golden rule and buy low to sell high. Live Long and prosper.