Gold is moving big today to the downside. After spending awhile looking for reasons for the move, I can't find any. Markets are hard to figure, especially on a daily basis.
To be frank about it, I don't plan on buying anything. Even if I had the money to risk. Fear may be receding now, so it looks like bonds and gold could retrace a bit. Yet, I just don't see a good enough reason to buy stocks. If I am right about inflation, gold could come roaring back. But the timing of that is hard to figure. But for anyone not in gold now, the chances of big gains may be in the past.
What to do? Somebody whose name escapes me once said that sometimes it's better to just go fishing. Maybe that's where we are now.
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