Following the firing of the supposedly tactical and strategic visionary Juergen Klinsmann, Bayern were going to be taking no chances with their selection of trainer for this season.
On these arguments, gold should do best on the "risk off" days. But as equity markets took fright in September, gold suddenly plunged from a high of $1,900 an ounce to a brief low of $1,604.
The G20 anti-corruption working group is expected to publish the findings of its first monitoring report on Thursday, the start of this year's G20 summit in Cannes.
He deserves credit for convening the G20 meeting in London, and for Britain's pioneering bank rescues and useful budgetary stimulus (in noted contrast to the Tories' proposals).