As outlined in yesterday's post, gold fundamentals are shifting from negative to neutral and there
has been a strong, so far, seasonal rally. Gold can be very volatile and when its in play the action
can be spectacular. But, currently there is a mad and undisciplined chase to get long. This kind of
action is repulsive and only the most nimble of the nimble should be involved. Gold Future
- Peter Richardson
- Retired chief investment officer and former NYSE firm partner with 50 plus years experience in field as analyst / economist, portfolio manager / trader, and CIO who has superb track record with multi $billion equities and fixed income portfolios. Advanced degrees, CFA. Having done much professional writing as a young guy, I now have a cryptic style. 40 years down on and around The Street confirms: CAVEAT EMPTOR IN SPADES !!!