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Time to be Aggressive in Gold

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Posted by Peter Grandich - Grandich.com

on Thursday, 20 January 2011 09:22

Gold ($1,347) – It’s been a very long time since I changed my percentages on gold holdings but I’m now boosting the minimum from 10% to 25%. The $1,325 area is major support and total risk IMHO is a test of the 200-Day M.A. around $1,275. With $75 downside risk and $650+ ultimate upside potential, I think it’s time to be aggressive again in physical gold.