gold, page-48432

Agree on tgd general dynamics of your point. However, being fully exposed at all times from defensive to growth sectors present their issues of a general sentiment change, ‘throw baby with the bath water’ scenario.

Sometimes it’s best to be discipline in exposure or the timing dilemma. 2018 indicated when massive volatility enters the market, cash is king. Those funds could then re-enter at more opportunistic levels. Of course sometimes that opportunity just does not present itself.

I think just because one is deem an SI does not necessary make them sophisticated. The opportunities off market widens compared to a retail holder but is no guarantee they are any wiser sometimes.

In a bull market replace brains with brawn. The current state of equity indices are very elevated so that V shape recovery could be long in the tooth?

The 2 events anticipated will be a good measuring yardstick if eventuated on gold as a safe haven play.