GoldMoney research director Alasdair Macleod today contrasts technical analysis of financial markets with value analysis and sides with the latter. Of course neither are very good in a market that is as comprehensively manipulated by central bank intervention as the gold market is --
http://www.gata.org/taxonomy/term/21
-- but as happened with the collapse of the London Gold Pool in 1968, eventually the metal available to the market manipulators runs out and value manifests itself, sometimes overnight.
Whether "eventually" will cover part of the lifespan of anyone now alive is the big question. GATA continues to do what it can.
Macleod's commentary is headlined "Technical Analysis vs. Value in Gold" and it's posted at GoldMoney's Internet site here:
http://www.goldmoney.com/research/analysis/te...s-versus-val...
