Every hedge begins with G - Gold (GDX, rated BUY)
June 30, 2008
Every gift may begin with K, when it comes to Kay’s Jewerly but god is the hedge in a market ruled by fear. If you believe that inflation, high oil, and a weak dollar will continue to be a common theme there is no better protection than gold bullion at this point. If this position weakens then I would expect to see my other long positions rebound. This a a tradeoff I welcome.
Every hedge begins with G - Gold (GDX, rated BUY)
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