Fooled by gold again…
Posted on Aug 04, 2009 by WHC Bassetti in Letters
Beguiled by our recent trades in gold and silver we happened to think back to our adventures in the commodity markets of the '70s. At Commodity Investment Service we were managing a lot of client money in addition to our own. We made about 100 losing trades (a mild exaggeration) in silver until our clents were screaming and asking us to quit trading silver. (In tears.) Shortly thereafter we got long silver and were long silver in the great Hunt silver market. We made a small fortune.
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Noted technical analyst WHC Bassetti has over 40 years' experience in the financial markets and is Malcom S.M. Watts III Adjunct Professor of Finance and Economics at Golden Gate University. He is editor of the Ninth Edition of Technical Analysis of Stock Trends, widely considered to be one of the true classics of market analysis.
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