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The Secret Formula For The Price Of Gold

|Includes: GDX, SPDR Gold Trust ETF (GLD)

My favorite source of snippets has another one. From the 5 Min. Forecast:

The price of gold has a tight correlation (with occasional divergences) to the sum of the Federal reserve Balance Sheet and China's foreign reserves.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.