If You Don’t Like Whipsaws, Don’t Trade Gold

It seems every time there is a jump or a fall, there is a monster on the other side of the the market waiting to jump in. Gold up $14 now to $1607 after falling to a session low of $1585 thirty minutes ago.

Bernanke is taking questions now but his answers can’t be interpreted one way or the other.

Goldman cut its 2013 and 2014 gold forecasts earlier today. They see gold at $1600 in 2013 vs $1810 previously.