My opinion on gold is
1. It would make a good buy position now, and
2. it makes a good hedge for a portfolio.
The reason I think it has upside potential is due to the dwindling investor sentiment in central banks' ability to drive inflation through monetary policy. For this reason, I think that the coming few quarters will see investors buying into gold as both a safe haven and a portfolio hedge.
This triangle could be a good start to further upward movement.
1. It would make a good buy position now, and
2. it makes a good hedge for a portfolio.
The reason I think it has upside potential is due to the dwindling investor sentiment in central banks' ability to drive inflation through monetary policy. For this reason, I think that the coming few quarters will see investors buying into gold as both a safe haven and a portfolio hedge.
This triangle could be a good start to further upward movement.