Email of the day on trading gold
Comment of the Day

October 29 2020

Commentary by Eoin Treacy

Email of the day on trading gold

 you (re-) purchased gold at 1879(as well as silver at 23.70 and platinum at the same time) as a trade as opposed to a medium to long-term investment.

(these PMs today finished slightly below your purchase prices).

At the same time, you have been saying that reaching or overshooting the 200dma on the downside which presently is at about 1780 (another 5% correction for gold from where it is today) could well be possible.

Do you intent to "stay put" in Gold and the other PM’s if such a further decline takes place or rather sell rather quickly and try to enter again at what will hopefully be the new low?

Thank you for your comments which will certainly be of interest for the collective as the mid- to long term long potential of PMs is certainly a high conviction long investment theme of yours.

Eoin Treacy's view

Thank you for this question and I agree it may be of interest to the Collective. As I see it, the essence of the question is about the nature of uncertainty and the shape of reversions towards the mean.

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