Gold: Has the Easy Money Already Been Made?

The market's investment-obsession-of-the-moment? Oh, one could pick several, but gold certainly has to be up there.

If you're a gold expert, by all means, invest or trade away. But the view from here argues: if you're not, stand aside.

There's a phrase in trading circles called 'dumb money, and dumber money.' It refers to novices who enter a given market (or trade) too late, often at the point of a bubble, and others who enter slightly after that. Typically, both trades end badly. On Wednesday gold closed up $2 to $1,310.30 per ounce. It hit a record $1,314.80 earlier in the day.

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Gold: Has the Easy Money Already Been Made? originally appeared on BloggingStocks on Wed, 29 Sep 2010 17:30:00 EST. Please see our terms for use of feeds.

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