Ben Bernanke: Nobody understands gold prices, including me

 
Good luck trying to predict where gold prices are going, because even the head of the world’s most powerful bank admits he hasn’t a clue.

When asked about the drop in gold prices by U.S. senators during his testimony on monetary policy Thursday, U.S. Fed Reserve Ben Bernanke said decline could mean that investors are less worried about the economy. But he hastened to add: “Nobody understands gold prices and I don’t really pretend to understand them either.”

 

This is the most sincere statement I have heard from him for a long time. he could continue : "and I don't understand the USD either"