Joey Diekstra @JoeyDiekstra: "𝐆𝐨𝐥𝐝 𝐚𝐧𝐝 𝐒𝐢𝐥𝐯𝐞𝐫🎄 We're seeing a..."

Netherlands

𝐆𝐨𝐥𝐝 𝐚𝐧𝐝 𝐒𝐢𝐥𝐯𝐞𝐫🎄 We're seeing a clear precious metals Christmas rally as gold and silver remain in a clear bull market, with price action confirming a sustained uptrend across both metals and miners. That said, no trend is linear and mean reversion eventually applies. 𝐌𝐲 𝐕𝐢𝐞𝐰 We're in the midst of a long awaited bull market but upside is not infinite. What goes up will come down at some point, even within strong secular trends. To be clear, long-term I'm (very) bullish on metals but there's been a lot of hype lately and prices have moved aggressively higher. Consequently, I have been reducing exposure while prices moved higher. My portfolio is currently allocated roughly15-20% to precious metals via ETFs and mining equities, which I consider appropriate. As prices continue higher, I intend to further reduce exposure and scale out into strength. Cash now represents >20% of the portfolio, reflecting a more defensive stance as valuations expand. $GOLD $SILVER $GLD (SPDR Gold) $SLV (iShares Silver Trust) $GDX (VanEck Vectors Gold Miners ETF)

Not investment advice. The author may have financial interests in the mentioned instruments.