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Start Buying GLD

Apr. 05, 2021 11:33 PM ETSPDR® Gold Shares ETF (GLD)GDX63 Comments


  • GLD has suffered a draw-down exceeding -16% from its all-time closing high in August 2020.
  • While the current draw-down is mild compared to the worst historical drawdowns, GLD is now attractive relative to overbought stocks.
  • Despite several downside risks, I believe it is time to begin allocating more to GLD while reducing exposure to equities.

Photo by Filograph/E+ via Getty Images

After falling over 16% from its 2020 highs, the SPDR Gold Trust ETF (NYSEARCA:GLD) is starting to appear relatively attractive compared to stocks in my opinion. While the gold price may decline further as

This article was written by

I am a Chartered Market Technician (CMT) with over 6 years of experience in investing. I currently work in the luxury retail sector after spending six years as an investment advisor for ultra-high net worth clients for a renowned international private bank. I am a keen follower of markets and invest my own money in stocks and ETFs via cash markets and option strategies.

Analyst’s Disclosure: I am/we are long GLD. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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