Brooke Thackray
iShares COMEX Gold ETF
IAU-N
PAST TOP PICK
Oct 25, 2018
(A Top Pick Jul. 23/18, Flat) The seasonal period for gold is usually July to October. He exited half his position in August and the rest in September. This is not normally a good time for gold. January and February are good seasonal periods for it.
This gives you a straight play on the underlying price of bullion. In today’s world, this is probably not too bad a place to be, but wouldn’t have an extensive part of his portfolio there. If you are in Canadian funds, he would buy the Canadian iShares fund.
Seasonality for gold runs early-July to early-October. (Seasonality of commodities doesn't have as much confidence among investors as seasonality for stocks.) Gold is now oversold. It's gone down since April. If it sees an uptick, buy it. Short covering in this sector is huge.
(A Top Pick Jul. 23/18, Flat) The seasonal period for gold is usually July to October. He exited half his position in August and the rest in September. This is not normally a good time for gold. January and February are good seasonal periods for it.