SuddenDeath
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What is it about gold prices? Many people seem to believe they are impossible to predict, or even understand. At her Senate confirmation hearing in November, Janet Yellen said, “I don’t think anybody has a very good model of what makes gold prices go up or down.” Ben Bernanke also said last year that “nobody really understands gold prices, and I don’t pretend to understand them either.” While many factors influence the price of gold, PIMCO believes there is one that can explain the majority of changes in gold prices over the past several years: changes in real yields.
http://www.pimco.com/EN/Insights/Pages/Demystifying-Gold-Prices.aspx
http://www.pimco.com/EN/Insights/Pages/Demystifying-Gold-Prices.aspx