Zacks view of gold27 Apr 2023 07:50
From “Zacks” (I’m not a subscriber to Zacks myself).
“Should You Buy Gold - and If So, How Much? By: Jeremy Mullin April 26, 2023
The gold bugs are getting excited once more as gold trades back over the $2,000 mark. Since the pandemic, gold has spiked over $2,000 twice only to see 15-20% pullbacks. But the bulls think this time is different and they are pounding the table that now is finally gold's time to shine.
I have technical targets above current levels and see gold trading as high as $2,500 over the next twelve months. If this scenario plays out, the question for many investors should not be why to buy gold, but how to get exposure to this potential upside
In this write-up I will discuss the multi-year bull case for gold. We will then go over the pros and cons on why gold should be part of your overall portfolio.
We will also discuss how much gold should be in a portfolio, and give different ways on how to get exposure. I will then give you my two favourite gold stocks to own going into year's end”.
GLASH