Stockchase Opinions

Ross Healy Exchange Traded Precious Metals Proxies - PHLX GOLD/SI XAU-Q COMMENT Jan 07, 2020

With all the deficit and easing, he was bullish on gold even before the US-Iran news because of quantitative easing and how globally, countries are starting to ask what it does to the intrinsic value of money.
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Stock price when the opinion was issued

Golds
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TOP PICK

Physical gold/silver. It is easier to buy with a mouse than physically. The ETFs are taxed at the normal rate, whereas the physical metal is traded at a higher rate.

PAST TOP PICK

(Top Pick Mar 7/16, Up 23.22%) Mining equities have outperformed gold in the last year. They were way oversold. He thinks all surprises will be to the upside for at least two years.

COMMENT

She does not own gold stocks at this point. Having a position in the portfolio is a good idea. They are watching FNV-T, because they take their royalty right off the top, reducing some risk.

BUY
He’s trying to buy it when it’s not hot but it’s not time yet. It’s probably around 2 to 3 years where gold will really performance.
COMMENT
The question is, where do you think the USD is going. He believes there is a bottoming of commodities with a rotation into value stocks. Material stocks are in favour. He believes USD will be weaker and will benefit gold.