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Will the Price of Gold Stay Above $1750 for Two Full Weeks?
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<p>[QUOTE="Rono, post: 4615660, member: 6492"]Howdy folks,</p><p><br /></p><p>I really don't have any clue where the POG and POS will head in the near term. I look at precious metals as a core holding in anyone's wealth portfolio. By core holding, I'm talking 3-10% depending on your own views. I see this as an investment. More than this is speculation. Investment vs. Speculation? Different but both good in their own place. </p><p><br /></p><p>The biggest thing pushing prices higher is geopolitical uncertainty amid the pandemic. This leads to believe that the only direction is probably up at this point in time. Accordingly, I added to my Speculative holdings early on and continue to do so. I've got my stash, so most of my spec play is with the junior silver miners. You can do this with ETFs such as SILJ or GDXJ or you can play the individual stocks listed at kitco. I've always found the greatest leverage was with silver and particularly the junior miners. That said, they are not for the feint at heart as they can easily move 10% in a day.j</p><p><br /></p><p>and so it goes,</p><p><br /></p><p>peace,</p><p><br /></p><p>rono[/QUOTE]</p><p><br /></p>
[QUOTE="Rono, post: 4615660, member: 6492"]Howdy folks, I really don't have any clue where the POG and POS will head in the near term. [I] [/I]I look at precious metals as a core holding in anyone's wealth portfolio. By core holding, I'm talking 3-10% depending on your own views. I see this as an investment. More than this is speculation. Investment vs. Speculation? Different but both good in their own place. The biggest thing pushing prices higher is geopolitical uncertainty amid the pandemic. This leads to believe that the only direction is probably up at this point in time. Accordingly, I added to my Speculative holdings early on and continue to do so. I've got my stash, so most of my spec play is with the junior silver miners. You can do this with ETFs such as SILJ or GDXJ or you can play the individual stocks listed at kitco. I've always found the greatest leverage was with silver and particularly the junior miners. That said, they are not for the feint at heart as they can easily move 10% in a day.j and so it goes, peace, rono[/QUOTE]
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