What sorts of errors did a young trader like myself make earlier in his career? All of the usual – i.e., expensive – ones. A short list of my mistakes looks something like this:
Lack of near-term positive gold price catalysts and the recovery in the stock markets have prompted holders of the SPDR Gold Trust to liquidate their holdings, which have fallen 39% this year to 827.6 metric tons.
The stock market could use a healthy correction soon, before prices start rising at an unsustainable pace.
The dollar rose for a second day after retail sales gained more than forecast last month, adding to speculation the Federal Reserve will move to trim its $85 billion of monthly asset purchases at a meeting next week.