04/04 Journal: Gold

A lot of ppl have been asking for my view on gold as an investment during this recessionary environment. IMHO, Gold just continues to be a great hedge at this time. Will it be great for growth? Not sure. Could just range for another 2 years. But $1611 remains key support for now, and on the tailwinds of the macroeconomic outlook, it’s reasonable to assume gold remains relatively stable for a while.