Monday, July 25, 2016

We Still Love Gold

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*Gold has come off its high but is still in an uptrend.
*We have several win-win scenarios for gold.
*We think gold is a multi-year play.
We've been recommending gold. We think it has a win-win set up and we think the chart looks much stronger than the S&P 500. We think gold wins if inflation picks up or if the stock market takes a hit. We think gold goes up if the yen goes up or down from here which is timely ahead of the BOJ meeting this week.
Let's look at the gold chart versus the S&P 500. The chart (below) shows gold in red and green versus the S&P 500 in blue. Gold has clearly outperformed this year.
You can see that gold has outperformed the S&P 500 over the last year. As much attention that the S&P 500 has earned for its breakout, gold deserves more.

Chaim Siegel has been working with hedge funds and mutual funds as an analyst and PM his entire career. Chaim specializes in earnings and predicts, analyzes and reacts to earnings and earnings events as well as developing current company stories with a hedge fund perspective. If you want his analysis real time sign up to the right for real time email alerts. #in, $spy, $qqq, $iwm, $vxx, $ycs, $fxe, $EUO, $YCS, ^GSPC, INDEXSP:.INX, #elazaradvisorsllc, CME Globex: ES Disclosure: These trades can lose you money and principal especially when using leverage BY USING THIS SITE YOU AGREE TO TAKE ALL RESPONSIBILITY FOR YOUR OUTCOMES AND LOSSES AND HOLD BESTIDEAS, ITS CONTRIBUTORS AND ELAZAR ADVISORS, LLC HARMLESS

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