Buying GLTR On The Dip

(9min)

Summary

  • Post-election, precious metals declined but have since recovered; gold and silver remain in bullish trends, while platinum and palladium offer value.
  • abrdn Physical Precious Metals Basket Shares ETF provides diversified exposure to gold, silver, platinum, and palladium, with significant holdings in gold and silver.
  • Central banks' gold holdings and industrial demand for silver support bullish trends; geopolitical factors could affect platinum and palladium supply.
  • Allocating 5-10% of a portfolio to precious metals via GLTR is a conservative strategy, leveraging their industrial and historical currency characteristics.
  • Looking for more investing ideas like this one? Get them exclusively at Hecht Commodity Report. Learn More »

Gold and Silver Coins isolated on Black

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Stocks have rallied, bonds have moved lower, and precious metals have corrected since the November 5 U.S. election. President-elect Donald J. Trump won a second nonconsecutive term as voters rejected the policies of the Biden-Harris administration. Voters handed the forty-fifth and forty-seventh President a complete

The Hecht Commodity Report is one of the most comprehensive commodities reports available today from a top-ranked author in commodities, forex, and precious metals. My weekly report covers the market movements of over 29 different commodities and provides bullish, bearish, and neutral calls, directional trading recommendations, and actionable ideas for traders and investors. I am offering a free trial and discount to new subscribers for a limited time.

This article was written by

29.74K Followers

Andrew Hecht is a 35-year Wall Street veteran covering commodities and precious metals.

He runs the investing group The Hecht Commodity Report, one of the most comprehensive commodities services available. It covers the market movements of 20 different commodities and provides bullish, bearish and neutral calls; directional trading recommendations, and actionable ideas for traders. Learn more.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. 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.

The author always has positions in commodities markets in futures, options, ETF/ETN products, and commodity equities. These long and short positions tend to change on an intraday basis. The author is long physical gold, silver, and platinum.

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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