Selling Gold because the prices went down? Don’t make the mistake many scared investors are making. Read the following article to see why selling Gold right could be a mistake.
The dollar eventually rallied, big time, and gold sold off, big time. Some fancy names were caught up in this. Guys who you probably thought knew something: John Paulson. David Einhorn. Paul Tudor Jones.
If you’re buying the dollar and selling gold because you expect an interest rate hike, then that is a total amateur move.