Gold has had quite the fall from earlier year highs.
We have been accumulating $GLD over the last few days and, as posted, we purchased a slug at $391 yesterday morning.
At 6:15 AM gold is trading +$4.20 to over $398.
I am inclined to view this position as a core holding (and not a trade) reflecting continued currency depreciation, inflation higher for longer, Washington DC’s fiscal imprudence and expanding geopolitical uncertainties
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