Gold Pops Again – Something Ominous Is Brewing
InvestmentResearchDynamics.com
June 2, 2015
When the sharks start feeding on each other, you know the food supply is running out. – good friend of mine in NYC who wishes to remain anonymous
How many times per week do you scratch head at some Marketwatch or Bloomberg or CNBC news headline which connects a non-sequitur news item with the reason behind a market move?
A friend who was a young junk bond research analyst when I traded junk bonds at Bankers Trust in the 1990’s told me an interesting story recently. He had just taken his first call from a reporter who was asking him why junk bonds were moving that day. After he got off the phone he walked over to the head of research and asked how to handle the call next time. She walked him over the Bloomberg and said: “Here’s what you do. Pull up the top headlines up on Bloomberg and – regardless of what the top 3 stories say – use those headlines as your answer to the reporter’s questions. Then hang up.”
The Rest…HERE
