I am not a gold (XAUUSD) bug at all. It is a necessary evil to me, and the Gold SPDR (GLD) is one of the 10 exchange-traded funds (ETFs) in my ROAR 10 portfolio. But that’s more of a hedge against those occasional monster rallies, like you see below.
To me, gold spends most of its time as a traditionally assumed inflation-fighting agent, a place to be when Armageddon strikes, and a play on the end of fiat currencies as we know them. I’m just not that interested in it as others are. But that doesn’t mean I can’t try to profit from it using my chart work and ROAR Score analytics.
