As the world’s smartest and most influential economists scratch their collective heads amidst the growing realization by investors that once omnipotent, omniscient central bankers don’t really understand what it is that they are doing (presumably, if they did understand how this all works, they would have fixed things by now) … gold just sits there.
The British seem keen on exiting the European Union as bund yields in Germany go negative and, to the surprise of many, Fed Chief Janet Yellen, unarguably the world’s most important economist, gives the clear impression that she’s quite baffled by it all … it’s not all good.
