Q: Good day,
I bought in to this a month ago and have been building up to a full position on down days. Given the protracted Iran conflict, would you pause for some time before adding up to a full position? Initial buys are down 12-20%.
Thanks for everything,
James
I bought in to this a month ago and have been building up to a full position on down days. Given the protracted Iran conflict, would you pause for some time before adding up to a full position? Initial buys are down 12-20%.
Thanks for everything,
James
5i Research Answer:
Timing of course is never easy; we are a bit surprised that gold has been hit so hard, and we would be OK continuing to accumulate ARIS. We like CS long term, but with copper more sensitive to the economy we doubt there is little risk in pausing purchases for a period of time. We would see the war as more likely to drag on for a while than to end quickly.