Emphasizing the importance of risk management in trading, Peter Borish, chairman and CEO of Computer Trading Corporation, cites his former colleague of 10 years, Paul Tudor Jones' adage,"What is obvious is obviously wrong," to illustrate how last year's recession and this year's interest rate cut predictions both failed to materialize. Borish notes that despite market gossip, having a defined methodology and knowing when to admit being wrong are crucial for success.
But when it comes to trading, you have to have a defined methodology and a point at where one is going to be wrong.So we are basically in this sort of tug of war until we get more data rats on a ship. Like most market-based investments, the price of gold gyrates in all directions. So how has it performed over the last ten years? If you invested $1,000 in gold a decade ago, how much would it be...
"The current upcycle started in late'23, so we are only in quarter 3, implying strength likely till mid-26E," Bank of America wrote on Monday.