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AAAU - Buying Gold On Weakness Makes Sense For The Next Few Months
October, 19 2020 05:18 AM
Goldman Sachs Physical Gold ETF
With the dollar rallying, amid an impasse on federal stimulus spending, gold has been in a holding pattern. The precious metal has a history of weakness around presidential election seasons, but buying during those time periods is often rewarded. The market seems to be expecting further equity gains, and has become complacent on downside risk. This tells me the time is ripe to hedge. For further details see:
Buying Gold On Weakness Makes Sense For The Next Few Months
Stock Information
Company Name:
Goldman Sachs Physical Gold ETF
Stock Symbol:
AAAU
Market:
NYSE
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