THE DISTILLERY: Golden revelations

Commentators clamour to decipher gold's future, with one saying its lengthy bull run has left some careless miners exposed.

One gets the impression that Australia’s business commentators relish and dread the prospect of talking about the gold price. Physical, strategic and speculative buyers with varying opinions on gold’s status as a safe haven or not collide with an industry buoyed by a 10-year bull market that’s been skewed by central bank buying. With the precious metal booking its largest single session falls since 1983, the historic numbers mean our business scribes have to have a crack. Let’s see how they go.

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