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Perma Bull Or Perma Bear?

Commentaries & Views

As gold continues to hold in the face of some adversity, the question arises -- whether we are perma bulls because of our positive outlook on gold and the other metals. As investors, it’s our job to have a diversified portfolio representing all asset classes to help grow that portfolio. There is never a reason to be a perma bear or bull unless you are talking about the equity market, which over history has gone up on average 9% per year since the beginning.

Gold is one of those assets that should be held in every portfolio by every investor. A 5%-15% allocation should be part of everyone’s investing plan. Timing the market, whether it’s gold, equities or cryptocurrencies, is impossible for long-term success. At any given time, your portfolio can be slightly overweight any one asset class. The most important thing to remember about your portfolio is balance.

The times you want to be overweight any asset class is based on the technical activity of that certain asset class. This should be based on a short-term objective. For now, gold looks to be the best short-term play to own and as long as the $1,260 level holds, a run to $1,320-$1,340 is in the cards. We remain long and bullish the metals based on the chart formations we are seeing now

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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