In today’s gold price news, every day someone is spouting their opinion on a market. Whether it’s the stock market, oil, pizza or gold, everyone has their opinion. With the Dow closing at all-time highs Friday — and the Nasdaq and S&P 500 pulling back slightly, everyone has the same question:
Where do we go from here?
Pondering his coffee on a Monday, your Gold Enthusiast knows there are three answers: Guessing, educated guessing, and not answering.
The first two will get you in trouble — you’re likely to be wrong about half the time. The last won’t make you much money, which doesn’t work when the rent comes due.
One thing’s for sure — this market is twitchy. The Nasdaq had a sudden sell-off on Thursday, blame for which is now generally focused on a JP Morgan analyst paper. It always seems a little contrived that an entire market would drop so much based on a report from one analyst at one company. But, stranger things have happened. As with the Kardashians, if the person is “followed” enough, other people will blindly jump on the bandwagon. And hope it’s not running off a cliff.