June 15, 2012

The Greek election is this Sunday, and no matter what the outcome, the election is negative for gold and silver in the medium-term. I believe this conclusion flies in the face of conventional wisdom. Not many will have the conviction to publish an unpopular view against conventional wisdom right before the election. I draw inspiration from the well documented fact that our adaptive algorithms have correctly called every major turn in gold and silver since 2007.

In Greek elections, on one side is the leftist Syriza led by Alexis Tsipras. Syriza is campaigning on the promise that it will renegotiate bailout commitments entered by the prior Greek government.… Please click here or the title below to read more.