At Sequoia, we agree that Gold is showing some positive signs for the future as it recently broke out of a prevailing long-term sideways channel that was existent since 2015. Whilst not discounting the possibility of some consolidation leading into 2020, this is an important long-term bullish signal in our opinion and reflects growing concerns of a global recession. For this reason, we believe it can make a lot of sense to offer an investment which enables a cost-efficient allocation to Gold at this stage in the economic cycle.
DCN Price at posting:
$1.56 Sentiment: Buy Disclosure: Held
