Gold – being bold?
Report Date: 11th February, 2016 We are taking a strategic long gold position. The target return is 5-10% this year and a long-term gold price of USD1800/oz. Gold prices have already recovered about 14% from recent lows. So we can be accused of jumping on an already moving train (often the case at turning points), or in front of it. This piece explains why we think the timing for a strategic long holding of gold is now right.
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