Zombie Gold!!!
Gold sure looks like dead money, but is it really? The upside appears limited for gold for as long as the dollar is supported, but its downside risk seems even more limited. While gold may feel like dead money, catalysts exist in waiting that could lift it higher at a moment’s notice. Therefore, like a zombie, I suggest it’s worthwhile to let gold rest in your portfolio undisturbed. See my report on gold – SPDR Gold Trust (NYSE: GLD), Market Vectors Gold Miners (NYSE: GDX), iShares Silver Trust (NYSE: SLV), Direxion Daily Gold Bull 3X (NYSE: NUGT), Direxion Daily Gold Bear 3X (NYSE: DUST), Goldcorp (NYSE: GG).
Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.
Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.
Labels: Gold, Gold-2015-Q2, INDUSTRY-Gold
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