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Gold Resumes Surge As NEW QE Rumor Is Back

Zero Hedge [1]
Thursday, April 12, 2012

We guessed it wouldn’t be too long before the next rumor was dropped and Gold is surging – now over $1670 – on this latest chatter… Don’t tell Gartman, but gold is now of 5% higher in math terms from the minute the “world renowned” gold swing trader sold everything 7 days ago [2].



Chart: Bloomberg

Incidentally, for all those lamenting the alleged endless manipulation by this bank or that, here is the math: one could have bought much more gold at the manipulated lower price of $1610 from a week ago, than today. Always pays, literally, to keep things in perspective.