{"id":37686,"date":"2013-04-19T10:09:25","date_gmt":"2013-04-19T14:09:25","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=37686"},"modified":"2013-04-19T10:09:25","modified_gmt":"2013-04-19T14:09:25","slug":"charles-sizemore-and-jeff-reeves-talk-gold","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/04\/19\/charles-sizemore-and-jeff-reeves-talk-gold\/","title":{"rendered":"Charles Sizemore and Jeff Reeves Talk Gold"},"content":{"rendered":"

By The Sizemore Letter<\/u><\/a> <\/p>\n

Listen to Jeff Reeves and I discuss gold’s recent meltdown and offer our ideas of what is behind it. \u00a0If you cannot view the embedded audio player, please follow this link<\/a>.<\/p>\n

From The Slant<\/a>:<\/em><\/p>\n

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Gold prices have fallen some 23% from a high above $1,800 last fall to a current low of around $1,380.<\/p>\n

And it looks like that\u2019s only the beginning.<\/p>\n

Charles Sizemore of Sizemore Capital Management points out that a big-time hedge fund manager unwinding his position could be partially to blame for the declines \u2014 and thinks that until some of the big gold investors unwind their positions, it\u2019s going to be dangerous to dabble in the precious metal.<\/p>\n

That big-time investor is\u00a0John Paulson, who is out $1.5 billion<\/a>\u00a0(on paper, of course) thanks to an aggressive bet on gold that went south.<\/p>\n

This is a lesson is risk management that all traders should take to heart: When you bet big, things can get painful in a hurry if the market moves the other way.<\/p>\n<\/blockquote>\n

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