I’ve been long Gold now for some time, in one of our short-term processes. Which has not exactly been ‘fun’ as of late. The GLD is down around -1% since the 5th of the month.
But never fear. There is a method to my madness.
We’re also long the indices, something akin to the Spiders. And yes, our income pieces still have us long Medtronic (MDT), International Business Machines (IBM), American Express (AXP), Colgate (CL), Union Pacific (UNP), Microsoft (MSFT), Wells Fargo (WFC). In addition, I have a separate valuation investing book. All of the above is green today. As they were yesterday. And before that.
So do not fear for my Gold positions.
There’s a method to this madness …