Auguries - November 9, 2012 Gold ? Obama Kevin Michael Grace
Gold was up (at press time) $49 (+2.9%) for the week to $1,726, and silver was up $1.37 (+4.4%) to $32.24. GoldCore argued October 7, “Obama’s election means that quantitative easing, ultra-loose monetary policies and currency debasement are set to continue in the world’s number-one economy, which is bullish for gold—and indeed silver.”
One hopes that no Auguries readers made the mistake of betting money on the Presidential prediction that appeared in this space last week. Your columnist should have read his own analysis more carefully before venturing into wish fulfilment.