Gold News: Will Bullishness Diminish This Week?

international gold
Written by Mike Hammer

It seems like every day this year another investment manager comes out as bullish on gold for 2019.  Today it’s BlackRock’s Global Allocation Fund manager who indicated he has been increasing his fund’s gold allocation since the third quarter. Unlike some others, Russ Koesterich does not give a target price for gold in 2019, rather indicating gold is playing a hedging role in his portfolio plans.

So far that seems to be a good plan, as gold rose while equity markets fell in Q4. Gold calls backed off from 8-month highs this morning, so we’ll see if bullishness diminishes this week. Today’s featured article gives some details as to why Koesterich thinks gold deserves a bigger place in his portfolio – reasons which may sound all too familiar.

Continue reading at Bloomberg.com

About the author

Mike Hammer

Mike Hammer has had a wide-ranging career, with trading and investing as continuing themes. Mike graduated with a business degree and spent years as a financial advisor, before moving to New York and to pursue a career in IT and education. For more than a decade Mike has been working with the Adam Mesh Trading Group as a stock market and commodities mentor. He’s trained over 200 individuals, spoken at several national conventions, and is a frequent contributor to educational webinars.

Mike writes The Gold Enthusiast daily newsletter, runs the Golden Hammer trading service, and participates in the Mesh Private Portfolio. He also keeps a position in international education which keeps him in touch with "the student mindset".

Mike focuses on the precious metals markets, the energy industry, and the financial sector. His motto is "Plan your trade, then trade your plan!"

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