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.
It seems that once again the concept of quantitative easing is misunderstood. The newest mantra that the Fed and some analysts are trying to sell you is that taper isn't tightening. Well it is.
The stock market could use a healthy correction soon, before prices start rising at an unsustainable pace.