Lucky you having a business trip. I'm looking forward to commencing again soon.
Your comment yesterday about losing a subscriber around the issue of gold was sad. My thinking is much the same as yours on gold, and I have been using baby steps, just as you have, into a leveraged position which is in the money now and should be a big winner when gold eventually takes off. Gold held stronger than I expected and I have only half the position I want so far.
I've attached an analysis I did several years ago. One can be cynical about cycles but the fact is this analysis predicted the top in 2020 with only 3 months leeway. The cycle says the real breakout (above $2000) happens in 2023 followed by a 5 year up-leg. I am expecting more sideways ranging and maybe more chance to add to my position at a good price.
Enjoy your trip. It seems a luxury to many of us who are still stuck at home.
Thank for your kind email. My first business trip in more than two years has been a pleasure and I’ll write a report of this visit to Saudi Arabia for tomorrow’s commentary. Thanks also for this analysis which highlights the fact that gold is quite capable of ranging for years at a time. It is equally true that it tends to put in its gains in short bursts of explosive energy.Click HERE to subscribe to Fuller Treacy Money Back to top