January 5, 2015

Doug Kass buying small position in Gold ETF

Reflecting my view in Surprise No. 1 in my 15 Surprises for 2015, I am taking a starter position in gold.

I am buying SPDR Gold (GLD) with a $112.50 limit Friday morning. And reflecting my previous view that the price of precious metals is so difficult to predict (and is based more, like religion, in the belief in the commodity) that starter position is quite small.