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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 !!!

Thursday, February 11, 2016

Gold Price -- Trader Discipline Is Evaporating

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

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