This Gold Pullback is a buying opportunity
Gold has pulled back since the start of the New Year and this is a great buying opportunity. Together with energy (oil) these are strong sectors-basic materials are in demand due to rapid growth in emerging markets, especially China and India, and the long term trend for all these is positive.
I sold some options on GDX, the Index share for Gold. If it sells off more from here at about 37, I will add more to my Gold positions.
Sanjay
I sold some options on GDX, the Index share for Gold. If it sells off more from here at about 37, I will add more to my Gold positions.
Sanjay
2 Comments:
I agree. I would also consider stocks like KRY and AUY, given the additional volatility they seem to have in relation to gold prices.
Hello, great site, I found a lot of useful information here, thanks a lot for Your work!
With the best regards!
David
Post a Comment
Links to this post:
Create a Link
<< Home