Hypersensitivity and the truth

Hypersensitivity and the truth

A good article in the Australian Financial Review today about how markets over react to economic data that in itself is volatile and with political manipulation at play is questionable at best. Also when decisions like tapering QE are based on it this becomes even more farcical.  Most of our customers step back from this ‘noise’ and look at the macro fundamentals of Government and personal debt levels, real (not printed) market liquidity, and the inevitable outcome of years of deferring the problem.  These same customers see the current sentiment led gold and silver prices as a buying opportunity when said sentiment is on the back of short term, volatile, manipulated data.