Middleton’s Gold Call High of $579 Taken Out!
Posted on March 30th, 2006 by MoverMike
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Gold raced to a new 25-year peak on Thursday ($586.20!)and silver spiked to its highest in more than 22 years as fund managers pumped more money into commodities ahead of the quarter-end.
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Did he get you back in yet? Timothy Middleton has not recommended buying gold since it’s peak and now gold has taken out $579. He has written Defend your portfolio with ETFs with no mention of gold ETF (GLD) or Ibbotson’s findings
“that precious metals performed best when they were needed the most by providing positive returns during the years that traditional asset classes had negative returns. Ibbotson determined that investors can potentially improve the risk-to-reward ratio in conservative, moderate and aggressive portfolios by including precious metals bullion with allocations of 7.1%, 12.5% and 15.7% respectively.”
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