globalmacro

Good Times and Bad Times in Gold

Calling any move in gold correctly is always pure luck. There aren't too many fundamental factors you can look at other than sentiment (which is a very subjective task). It's not like a stock where you can build a model to try and determine earnings a few years out. That's why I hate trading gold. The only way to try and guess which way its going to go next is to look at what the price is doing now. A pointless, fruitless exercise in my opinion.