Global Gold Miners ETF Allocation Increased

By on August 10, 2020

iShares Global Gold Miners ETFThe SMA Portfolio’s holding in the iShares MSCI Global Gold Miners ETF (RING) was increased with available cash.

Precious metals mining ETFs have been outperforming the past month, but have recently taken a breather from the upmove. My belief is that we’re in the early innings of a bullish trend in gold and silver and the run could last much longer. Massive money printing, government stimulus, and US dollar weakness should underpin this move for the foreseeable future.

RING was purchased at $36.23 and now represents 7.6% of the SMA Portfolio, up from a previous 1.2%.

Disclaimer: It is very challenging to outperform a buy and hold strategy. Historically, investors have found themselves well-served over the long-term by investing regularly in a diversified portfolio of stocks or low cost, broadly diversified indexed stock funds. Profitable trades are not guaranteed. No system or methodology ensures stock market profits. All investors are advised to conduct their own independent research into individual stocks, closed-end funds, mutual funds, and exchange traded funds or any other investment vehicle before making a purchase decision. In addition, investors are advised that past performance has demonstrated no relation to future performance. Although accuracy is strived for, no guarantee is made regarding the accuracy of data presented.

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