By Nigam Arora & Dr. Natasha Arora
Technicals
In the short term, gold is very overbought and should pullback. Having said that, positioning in gold by institutions is very light. This means that if institutions start increasing their position, the pullback may only be shallow.
Momo Crowd
The momo crowd in gold is different from the momo crowd in stocks. The momo crowd’s hopium is $3000 gold price in a short time.
Central Banks
Central banks of countries such as India, Turkey, and China are likely to buy more gold if gold dips.
Interest Rate Cut
The Fed has decided to cut interest rates by 50 bps. This is a positive for gold.
Zones
For those following the Good Way, the Buy Now rating is *** (To see the locked content, please take a 30 day free trial).
Fort hose following the Best Way, the new buy zone is $*** – $***.
Allocation
The allocation to GLD is being increased due to the Fed’s 50 bps rate cut.
The allocation in the Core Model Portfolio is ***. The allocation in the Lower Exposure Model Portfolio is ***.
What To Do Now
Those in GLD may consider continuing to hold. Those in GLD may consider following the parameters given above.
Note: Signal(s) to enter, add, reduce, exit, hold or change.
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Nigam Arora
Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing.
Dr. Natasha Arora
Dr. Natasha Arora has significant expertise in investment analysis especially biotech, healthcare, and technology. Natasha is a graduate of Harvard Medical School followed by a postdoc at MIT. She has published several peer reviewed research papers in top science journals.
