Market Alert - Buying a 5% Position in Gold Miners ETF

A brief note to let you know that I am taking a 5% position in the Gold Miners ETF in the Active Asset Allocator strategy.

During the 2011-2016 correction in the gold market, the miners dropped sharply. Gold bottomed in 2016 and then rallied $300 from $1,100 to $1,400. During that time, the miners almost tripled in price. Both metals and miners have consolidate those gains over the last 18 months and I am expecting the next move up in both metals and miners to start shortly. I think the miners could be explosive on the upside once again. Note that the gold miners have not declined this year despite the recent drop in the USD price of gold. This is an early indicator of strength in the sector.

 
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At Secure Investments, I advise individual clients on their pension and non-pension fund investment portfolios. To learn more about my Active Asset Allocator and Gold Trader  investment strategies, please get in touch at brian@secureinvestments.ie or 086 821 5911. If you are reading this via LinkedIn, why not visit Secure Investments and subscribe to get exclusive content for free. No spam, ever. Just great stuff.

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