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Mark Hulbert: Buying Gold Now Would Only Weigh down Your Investment Portfolio

TedTed
in The Bullpen
FYI: It’s bearish for gold that market timers have been remarkably upbeat in the face of gold’s dismal performance this year.

In fact, despite gold bullion GCQ8, +0.27% falling $140 an ounce since its January high, the average gold timer I track has not turned outright bearish. From a contrarian perspective that means that a tradable gold bottom is not yet upon us.
Regards,
Ted
https://www.marketwatch.com/story/buying-gold-now-would-only-weigh-down-your-investment-portfolio-2018-07-17/print
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